RBI Policy

Brokerages expect the RBI's proposed lending rate framework to improve transparency and speed up transmission, while restrictions on spread changes could limit lenders' pricing flexibility

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

India, Wood wrote, continues to benefit from improving domestic fundamentals, with bank credit growth accelerating to 17-18 per cent year-on-year in 2026.

REC plans ₹7,000 crore issue on Friday; NABARD next week

Regulator is standardising how loans are priced. Here's what it could mean for EMIs, transparency and future rate cuts.

Today's opinions examine the RBI's inflation dilemma, rising life insurance surrenders, India's employment crisis, possible UPI charges and the shift from food to nutrition security

The rupee strengthened and government bond yields eased on geopolitical relief and lower crude prices before both pared gains after the RBI's policy announcement and Governor Sanjay Malhotra's remarks

The proposed framework seeks to standardise loan pricing, benchmark reset dates and interest calculation practices while strengthening transparency and consumer protection

We broadly concur with the MPC's growth forecasts for FY2027, notwithstanding some differences in the quarterly projections, Nayar said.

The RBI is more likely to use temporary liquidity absorption tools than tighten its policy stance or rates ahead, while system liquidity should improve as government spending accelerates.

For Indian markets, the bigger issue over the next few months, analysts said, isn't the repo rate, but how much more geopolitical pressure the rupee can take before the central bank has to step in.

The slight surprise element in the policy was the decision to raise the GDP growth rate projection for FY27 to 6.7 per cent from 6.6 per cent earlier

Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.

Jatin Gedia of Teji Mandi believes that Bank Nifty and Nifty Realty are in a consolidation phase, while the support zone for the Nifty Auto index moved higher following the recent breakout.

Developers said stable borrowing costs would support buyer confidence and project execution, though Anarock cautioned that the pause may not revive mass-market housing

The central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%

From monetary policy and aviation to foreign investment, climate action and public health, today's editorials examine why complex challenges need coordinated solutions

The three-day meeting of the Reserve Bank of India's rate-setting panel started on Monday amid expectations of a status quo on the benchmark repo rate, with the Monetary Policy Committee slated to announce its decision on August 5. As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth. In June, the Reserve Bank had kept its key policy rate unchanged at 5.25 per cent and adopted a cautious wait-and-watch stance as policymakers assessed the fallout of the West Asia conflict. The central bank had raised the retail inflation estimate for 2026-27 to 5.1 per cent from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel. It lowered its GDP forecast for FY27 to 6.6 per cent from the 6.9 per cent estimated in April. RBI Governor Sanjay

The Reserve Bank of India (RBI) is expected to keep the benchmark repo rate unchanged in its August monetary policy review on elevated inflation risks and pending the closure of the FCNR(B) deposit scheme, a poll of 10 economists and treasury heads has revealed. Most respondents anticipate that the central bank will maintain its policy stance as 'Neutral' while adopting a hawkish tone amid rising inflation risks from geopolitical tensions, elevated crude oil prices and an uneven monsoon. Economists said the central bank will remain in a "wait-and-watch" mode as it assesses the evolving inflation outlook. "As of now, trimmed core inflation remains benign and suggests a status quo is the best policy option for the time being, with caution being expressed through the policy tone," said Aditi Nayar, chief economist at ICRA. In recent media outings, Governor Sanjay Malhotra has reiterated that inflation will be the central bank's foremost priority going ahead, pointing out that progress

FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation