The meeting of the interest rate setting body, which was scheduled to start on Monday, will now begin on February 8
Conducting monetary policy will become more challenging
The key repo rate has been at 4 per cent since May 2020, an all-time low, even though bond yields have been heading north for many months now
15-40 bps raise likely in MPC meeting next week, say market participants
The Union Budget FY23's proposals will determine the trajectory of the Indian equities markets during the coming week
Budget 2022: ICRA expects a satus quo on the stance of the monetary policy as well as the reverse repo rate in the upcoming meeting of the Monetary Policy Committee.
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
It is difficult to predict whether we will see a reverse repo rate hike in February or whether it will be held over until April
Repo rate unchanged at 4% and reverse repo at 3.35%
Govt action will be more important than monetary policy
The economy grew 8.4% in Q2, higher than the MPC's expectations of 7.9%
The Reserve Bank's decision to continue with its accommodative monetary policy stance would pave the way for a double-digit economic growth, said the industry and experts on Wednesday
The 5% tax rate broadly covers most food items, so an increase here would directly impact the monthly grocery budget of households
The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%
Indian unit could be under pressure in the coming days as trade deficit and Fed's increase of monthly taper plan could further upset the sentiment for the foreign portfolio investors
The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on interest rate
The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the side of caution and hold on to rates for now
Bond market participants are factoring in a reverse repo hike
RBI should not stop the normalisation process
The low interest rate phase hasn't really helped investors or investment; Covid-19 was actually a supply side shock