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RBI MPC starts deliberations on monetary policy
The GDP growth slowed sharply to more than six-year low of 4.5 per cent in the July-September, hit by a slump in manufacturing output, which contracted by 1.0 per cent. The pace of GDP growth moderated from 5 per cent in April-June and 7 per cent in the July-September quarter of 2018. The MPC resolution will be placed on the RBI's website at 11.45 AM on Dec 5.
View: Twist in the tale, markets turn pale
Going forward, the MPC is likely to see two CPI prints before the Feb policy.
Expect policy rates to remain low
The fact that the accommodative stance has been maintained and the assurance that they remain “ready to act...
Analysts see RBI pausing rates for long as inflation worries return
While the RBI has asserted that the stance of the monetary policy will stay accommodative, market analysts believe that rate cuts won't happen frequently.
Government may come up with more measures to arrest slowdown
It is also likely that the government may initiate some more counter-cyclical fiscal and other measures to arrest the slowdown, Das said after announcing status quo on the rate front, disappointing market participants. Das said the central bank would wait for further clarity on the kind and nature of counter-cyclical fiscal and other measures by the government.
Panel to assess value of assets mortgaged by PMC borrowers
The bank is currently undergoing a forensic audit the report for which will be finalised by the end of this month. But simultaneously, other assets and mortgages are also being identified by investigation agencies and the banking regulator to get back the bank’s dues.
Growth a national objective: Shaktikanta Das
Das, while speaking at the postpolicy press conference on Thursday, said at a critical juncture where growth was slacking, it was of paramount importance that monetary policy and fiscal policy work in coordination to achieve the best results in the national endeavour to revive growth. The career bureaucrat entered the RBI headquarters last December.
Why RBI stayed put on policy rates? Shaktikanta Das explains
Core inflation expected to remain in the current zone below 4 per cent, said Governor Das.
'Shocking' pause? No, RBI is just awaiting signals from FM’s Budget
Shaktikanta Das said RBI is seeing some green shoots of growth revival in the economy.
Sensex slips 150 pts from day's high after RBI holds repo rate at 5.15%
As many as 21 stocks in the Sensex pack were trading in the red after the outcome.
5 reasons why RBI didn't go for rate cut
The Reserve Bank of India on Thursday maintained the status quo on policy rates in its fifth bi-monthly monetary policy review of the financ...
Here's what debt fund managers say about the RBI rate pause
The RBI on Thursday surprised the money market by keeping the repo rate unchanged. The market participants were expecting a 15-25 basis points cut in the key policy rates.
RBI Monetary Policy December 2019: Key takeaways
While announcing the observations and decisions of the Monetary Policy Committee's meet for December 2019, Governor Shaktikanta Das announce...
RBI expects banks to soften lending rates even though it has kept policy rates unchanged
The central bank is expecting higher monetary transmission since the share of base rate loans, which have remained largely sticky, has come down. The marginal cost-based floating rate loans, which have annual resets, have become due.
Forex reserve hits a new high of $451.7 billion
Since the beginning of the current fiscal, the forex kitty has gained by $38.8 billion as of December 3.
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