Rural demand catching up, consumption expected to support economic growth in FY25, says RBI governor
The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%
The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1
RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction
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"
Here is the best of Business Standard's opinion pieces for today
Indicates 'significant per capita income shifts' underway
Given myriad cross currents across inflation, growth and financial stability, monetary policy in 2024 will have to cross the river by feeling the stones
"Upgrade reflects increased confidence in the durability and effectiveness of policies implemented since the pivot in June 2023," Fitch said
Mobilisation of funds via certificates of deposit increased 3x in February
They're expected to press the Fed chief on why officials are keeping borrowing costs so high, risking damage to the economy, when they've made so much progress on inflation
Inflation will average 5.4% this fiscal year and 4.7% in the next, a separate Reuters poll showed, close to the RBI's forecasts of 5.4% and 4.5%
RBI says lending rates not hiked enough
Das had clarified the RBI would try to keep liquidity at a level wherein the overnight call rate, the operating target of the monetary policy, remained around the repo rate
RBI to conduct 14-day variable rate repo auction on Friday
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
Home loan rates are already lower compared to 2023 levels where they had started touching 9 per cent. The lowest home loan rates today are in the 8.30 range
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday
'April policy would be a better time to take a fresh view on liquidity situation for FY25'