RBI, Reserve Bank of India

To start with, growth and inflation forecasts will be in focus as the RBI will also publish their Monetary Policy Report (MPR) along with the MPC statement

How much easing could Reserve Bank of India signal in the April MPC?

Business Standard

Samiran Chakraborty

A change in stance could be inferred by the markets as a definite sign of rates peaking

Run-up to monetary policy review: Expected pause, surprise on stance?

The current account deficit remains uncomfortably high as India's growth momentum outpaces the rest of the world.

Monetary policy preview: Front-loading rate hikes for macro stability

Run-up to monetary policy review: Nudging but not rocking the boat

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In the April policy, a change to a "neutral" stance will provide the MPC with more operational flexibility to move in case the inflationary pressures intensify

With little visible upside pressure on oil prices or core inflation, we might be entering a prolonged period of very low inflation

Space emerges for further easing

We think it is possible for RBI to cut rates again by 25bps in February to ensure calibrated monetary easing

Run-up to monetary policy review: Rate cuts likely to be front-loaded

The December monetary policy review will be all about communicating the Reserve Bank of India (RBI)'s response function to an unexpected sharp drop in inflation. Consumer Price Index-based inflation has fallen to 5.5 per cent in October, a drop of about 465 bps in one year. Almost 70 per cent of this drop is explained by falling food prices and another 15 per cent by fuel prices.Falling inflation has raised the clamour for monetary easing. In the June policy review, RBI had mentioned that if towards the end of the year, inflation falls more than what the base effect suggests, then it could open up some space for monetary easing. So, from that perspective it will be fair to expect RBI will indicate an easier policy going forward, even if it refrains from reducing rates in December.However, we think there could still be a cautious undertone to the RBI statement. Most of the fall in inflation has been just a reflection of global commodity prices. The RBI might want this decline in inflat

Changing, but cautious

RBI likely to increase its March-end inflation forecast but at the same time trim down GDP growth forecast