The central bank's decision to keep the policy rate at 5.5 per cent, and inflation projected to stay low, means that fixed deposit rates are not likely to be revised upwards
System liquidity, as measured by the net position under the liquidity adjustment facility, has been in surplus, averaging ₹3 trillion per day since the last MPC meeting
The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent
The RBI governor said that the government policies have helped boost the use of UPI among consumers. Malhotra added that UPI transactions have been increasing in the past few months
On August 6, the RBI’s rate-setting panel maintained status quo on the repo rate and changed the policy stance.
Banks will be setting up camps at the Panchayat-level from July 1 to September 30, to provide re-KYC services at consumers' doorsteps
RBI MPC: The odds of another cut in the August meeting are rising after the US imposed a 25 per cent tariff on Indian exports
The MPC meeting is held bi-monthly to decide the interest rates, inflation, and growth estimates
After keeping rates unchanged for 11 meetings, the RBI has slashed repo in the last three policy reviews; economists await the August 6 outcome
Respondents expect downward revision in FY26 inflation forecast
RBI set to lower inflation projection, but GDP growth estimate and policy stance may remain unchanged
India's 10-year benchmark bond yield, which fell to 6.13 per cent on June 6, closed at 6.31 per cent on July 15
Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention
Vegetable and pulses prices see steepest fall in years; WPI turns negative too
Since the February 2025 MPC, the RBI has started to support growth by cutting policy rate
Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut
This (West Asia conflict) is just one of the sources of uncertainty, albeit the 800 pound gorilla at the moment
The domestic rate setting panel had cut policy repo rate by 50 basis points to5.5 per cent in the June meeting, higher than market expectation of 25 bps
Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically create growth
After pandemic, this is the first time RBI has reduced policy repo rate by 50 bps to 5.5%