RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts
Reserve Bank of India has imposed monetary penalty of Rs 1 crore on private sector lender IDFC First Bank for non-compliance with certain directions issued by regulator on Loans and Advances
Domestically, however the economy continues on a strong footing
After witnessing sustained moderation, cost push pressures faced by firms, the RBI said, are showing upward bias
Rural demand catching up, consumption expected to support economic growth in FY25, says RBI governor
Das says confident of meeting external financing requirements
The 'future expectations index', which judges consumer sentiment for the upcoming 12 months, also improved to its highest since mid-2019, the survey showed
RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here
The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent
Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das
As part of the Budget estimate, the government is planning for gross market borrowing of Rs 14.13 trillion for 2024-25
The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1
Brent crude futures, the global oil benchmark, rose 0.40 per cent to USD 91.01 per barrel
Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis
RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon
The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5 per cent for a seventh straight policy meeting, according to all 38 economists surveyed by Bloomberg
The loan for meeting hospital expenses will be available at 11.55 per cent per annum on a floating basis and 12.30 per cent at fixed interest rate basis
A 'Bull', he said, can at best do a short sprint and needs occasional breaks / pauses to catch its breath before charging again
As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk
The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"