The expectations for the RBI panel to begin cutting interest rates soon are there, however, the exact timing remains uncertain
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%
US inflation is altering expectations
Food prices are disrupting the disinflation process
No respite from US inflation and geopolitical tensions
FMCG companies have also witnessed a pick-up in rural areas.
Manish Raj Singhania, prez of FADA, said that favourable govt policies along with government spending, and the expected good monsoons, are likely to fuel demand, particularly in rural areas this year
Climate issues can complicate monetary policy
RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts
Five of the six members of the RBI's MPC panel have voted for the status quo on both the policy rate and stance
Attempts to clear impression about widespread action; curbs only against outliers for major breaches
RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here
The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%
RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon
The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause
Here is the best of Business Standard's opinion pieces for today
The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"
Indian economy is in a comfortable position
The RBI will announce the review of the policy on April 5
Varma says if the economy is not overheating, there is no need of a high real interest rate, which can choke growth