The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks
With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival
Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says
The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.
The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate
Sequence of policy measures is expected to anchor inflation expectations, said Das
Das, according to the minutes of the MPC meeting released on Friday, said retail inflation was "unacceptably and uncomfortably" high, as he along with other members proposed a 50 basis points hike
'The monetary policy is an inflation targeting framework while keeping in mind the objective of growth', said Das
Slow deposit growth may create funding challenging for lenders in the festival season
Latest news Live updates: Former Congress chief Rahul Gandhi, Priyanka Gandhi Vadra, K C Venugopal, Adhir Ranjan Chowdhury and Gaurav Gogoi were among the MPs detained
The Governor said Taiwan accounts for only 0.7 per cent of India's overall trade and the capital flows from the island are also not very high.
Bharat Bill Payment System (BBPS), under the aegis of the RBI, allows recurring utility bill payments through an integrated platform
RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know
Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps
Committee retains FY23 CPI forecast at 6.7%, flags uncertainty on inflation trajectory
In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent
With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks
Headed by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) is scheduled to announce its decision on August 5.
Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June
If the inflation remains above 6% on average for the next three months, the RBI will have to explain to the govt in writing the reasons for its failure to keep the rate of price rise in check