Page 3 - Monetary Policy

Monetary transmission of a different kind: Road map for borrowing success

Despite a 1 percentage point rate cut, bond yields have been rising, and the spread between government securities and SDL as well as corporate papers is widening

Headline inflation should continue to be the target, says BS poll

Economists back headline CPI as India's inflation target, stressing food's heavy weight in consumption and urging RBI to retain the 4% benchmark with the current tolerance band

The RBI's monetary policy framework has worked well, change not required

The trend-inflation rate has hovered close to the target, except mostly in times of excess volatility, and the credibility of the central bank has visibly strengthened

RBI floats discussion paper to review inflation targeting framework

RBI has launched a discussion paper to review its inflation targeting framework, focusing on the core vs headline inflation debate, the 4% target, and tolerance band before next review in March 2026

RBI receives ₹31,025 cr bids at VRR auction against ₹50,000 cr notified

RBI's overnight VRR auction received Rs 31,025 crore bids against Rs 50,000 crore notified as surplus liquidity stayed high despite upcoming tax outflows

RBI keeps repo rate steady, AU Small Finance Bank big upgrade, LIC eyes general insurance & more

The Reserve Bank of India’s rate-setting committee unanimously decided to keep the key repo rate steady at 5.5%. The central bank also maintained a neutral policy stance.

RBI's 100-bp repo cut in repo rate leads to 71 bps cut in fresh rupee loans

Banks have started passing on the 100-basis point repo rate cut by the Reserve Bank of India over the past three policy meetings

Status quo on policy: Is this the end of the Reserve Bank's easing cycle?

With the rise in inflation from the fourth quarter, possibility of another rate cut uncertain, unless growth plays spoilsport

Not saying users will have to pay for UPI but someone has to bear: RBI Guv

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

RBI announces 3 consumer-centric schemes to drive financial inclusion

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 holds repo rate, says uncertainty of US tariffs 'still evolving'

RBI keeps repo rate unchanged at 5.5% and neutral stance, citing tariff uncertainties, trims FY26 inflation forecast to 3.1%, keeps growth projection steady at 6.5%

RBI's MPC meet begins today: Repo rate, stance, inflation outlook, and more

After keeping rates unchanged for 11 meetings, the RBI has slashed repo in the last three policy reviews; economists await the August 6 outcome

Muted response to RBI's VRRR as overnight rates rise, reducing arbitrage

With WACR and tri-party repo rates climbing, banks park only ₹13,075 crore against RBI's ₹50,000 crore offer in overnight VRRR auction

Feb, Apr rate cuts fully transmitted, to help improve growth: RBI Governor

RBI Governor Sanjay Malhotra confirms the full transmission of February and April rate cuts, supporting a revival in credit growth. Future rate cuts depend on inflation and growth outlook

Flexible inflation targeting helps anchor inflation expectations: RBI study

RBI's report on the transition to flexible inflation targeting highlights its role in managing inflation expectations, despite supply shocks and global inflation factors

RBI's 3-day VRRR sees weak demand amid GST outflows, reporting week

Banks park only ₹57,450 crore in RBI's ₹1-trillion three-day VRRR as they conserve liquidity ahead of GST payments and fortnightly reporting requirements

Managing excess liquidity: Financial markets need more clarity now

Excess liquidity could also incentivise the banking system to extend loans at lower rates

RBI announces ₹1 trn reverse repo auction on July 9 to absorb liquidity

The move follows the central bank's decision last week to conduct a seven-day variable rate reverse repo auction worth Rs 1 trillion

Nifty ends choppy first half of calendar 2025 with nearly 8% gain

Market performance was initially hampered by US trade tensions, escalating geopolitical risks, and an uncertain global growth outlook, with the Nifty 50 dropping as much as 8 per cent by April

Watershed moments: Introduction of RBI's flexible inflation targeting model

FIT model set to be reviewed amid call for excluding food inflation