Interest Rate Cut

Besides cutting interest rates by 25 bps, the RBI also revised its GDP growth forecast for fiscal 2025-26 (FY26) upward to 7.3 per cent from the current estimate of 6.8 per cent

The Monetary Policy Committee is widely expected to reduce its benchmark rate by 25 basis points, to 4 per cent, sticking to its once-a-quarter pace of cutting

Former RBI Governor Raghuram Rajan has said repo rate cuts by the Reserve Bank in recent times are not a "magic bullet" that will necessarily propel investments, as several other factors play a part in boosting the economy. Rajan further said interest rates, at this point, are not overly high and the impact of rate cuts announced by the RBI will take time to play out. "And as you correctly point out, (high) interest rates were an argument (earlier), but I do not think that can any longer be an argument. "I do not think that necessarily this (rate cuts by RBI) will be a magic bullet to propel investments," Rajan told PTI Videos. On June 6, RBI Governor Sanjay Malhotra-headed six-member monetary policy committee reduced the benchmark short-term lending rate by 50 basis points, taking the total reduction to 100 bps in quick succession, besides a change in the policy stance to neutral from accommodative and liquidity infusion measures. Rajan was asked whether repo rate cuts announced

The US president's tariff onslaught is likely to force further measured easing in coming months by most of the 23 central banks featured in this quarterly guide on the global monetary outlook

Bond yields swung sharply after RBI's 50 bps rate cut, neutral stance, and CRR changes surprised investors, marking the most volatile day in nearly three years

SBI cuts fixed deposit rates by 20 bps across tenors from May 16, citing improved liquidity and policy rate cuts; highest interest now at 6.7 per cent for 2-3 years

With inflation in India easing to a seven-month low of 3.61 per cent in February and the economy forecast to grow at 6.4 per cent this fiscal year

A sharp decline in inflation will also be welcomed by the Reserve Bank of India, which cut the repo rate by 25 basis points to 6.25 per cent late last week

The decision by India's central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi's government unveiled historic tax cuts in its federal budget

State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different

Portfolio managers that are underweight on Indian bonds have started rebalancing their portfolios

The governor is chairing an almost entirely new six-member monetary policy committee

We broadly concur with the Survey's assessment of a pick-up in rural demand on the back of improved crop output, disinflation, and an uptick in domestic investment activity

It was the fifth ECB rate cut since June and markets expect two or three more this year, driven by arguments that the biggest inflation surge in generations is nearly defeated

Bank CEOs to meet for pre-policy talk on Monday

The rupee is currently overvalued by 8 per cent compared to its trading peers, according to RBI data on the real effective exchange rate

The much-anticipated interest rate cut cycle may be delayed, but experts believe the Reserve Bank of India (RBI) will reduce rates in 2025

A rate cut will not be possible for the next 13-14 months due to the inflation outlook, said Mishra, who is also a part-time member of the PM's Economic Advisory Council

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers. Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate (repo), and will possibly tinker with cash reserve ratio (CRR) keeping in mind the mixed economic trends. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) started its meeting to decide on the next set of bi-monthly monetary policy on Wednesday. Das is chairing the last MPC meeting of his current term which ends on December 10. The Reserve Bank has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023. It last hiked the repo rate to 6.5 per cent in

Union Commerce Minister Piyush Goyal on Thursday said the Reserve Bank of India (RBI) should cut interest rates and give an impetus to growth. Using food inflation, which restricted the RBI from any rate action for two years in the rate setting is a "flawed theory", the Chartered Accountant-turned-politician said at an event hosted by CNBC TV18. "I certainly believe they should cut interest rates, growth needs a further impetus. We are the fastest growing economy in the world, we can do even better," Goyal said. Speaking at the same event later, RBI Governor Shaktikanta Das declined to comment on the senior minister's suggestion, saying that the six-member rate setting panel will take the appropriate call at its next meeting scheduled in December first week. Goyal's demands found a resonance in finance industry veteran Deepak Parekh, who advocated that the RBI cut both its repo rate and consider the cash reserve ratio (CRR). Chief Economic Advisor G Anantha Nageswaran had made the