Mpc Meet

RBI MPC Updates: Shaktikanta Das headlines inflation, says no room for knee-jerk reactions

RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

RBI hikes rate caps on diaspora's currency deposits to attract flows

The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move aimed at attracting more capital flows amid pressures on the rupee. Announcing the fifth bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said it has been decided to increase the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits as per tenors. It can be noted that the move comes at a time when rupee has been hitting lifetime lows against the dollar, and the Reserve Bank of India (RBI) seems to be deploying forex reserves to contain the volatilities, as seen in the sharp fall in the kitty over the last few weeks. Starting from Friday, banks have been now permitted to raise fresh FCNR (B) deposits of 1 year to less than 3 years maturity at rates not exceeding Overnight Alternative Reference Rate (ARR) plus 400 basis points, as against 250 basis points earlier. Similarly, deposits w

Markets Today: GDP; Nov Mfg PMI; Dow & S&P 500 at record; FIIs; auto sales

The preceding week ended on a positive note for equity benchmarks. On Friday, the BSE Sensex surged 0.96 per cent to close at 79,802.79, while Nifty also gained 0.91 per cent to settle at 24,131.10

Growth at any cost approach of some NBFCs poses risks: RBI Governor

Regulator closely monitoring situation and will not hesitate to take appropriate action, he says

RBI MPC highlights: Inflation expected to remain elevated during September, October, says Das

RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

Market Today: RBI MPC outcome, global market recovery, Israel war, Oil down

At 6:34 AM, GIFT Nifty Futures were trading 25 points higher at 25,157, suggesting a flat to positive start for Indian markets.

Expect new members in MPC to be appointed in time, says RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Thursday said he expects new external members of the monetary policy committee to be appointed in time. Speaking to reporters on the sidelines of the annual Fibac event here, Das said the meeting of the Monetary Policy Committee (MPC) -- scheduled to take place from October 7 -- can only take place when the members are in place. "New members obviously have to be appointed then only we can hold the meeting. It should happen. We expect the new members to be in place in time," the governor said. The four-year term of three external members -- Ashima Goyal, Jayanth Varma and Shashank Bhide -- is coming to an end on October 4. The appointments to the panel are made by the government. The MPC is chaired by the governor and has six members. The RBI has three representatives, including the governor, while the other three are external members. The members vote on the rate call before the resolution is made public, and the governor has the casting vo

Govt to appoint new external members to MPC ahead of crucial rate meeting

The selection panel, comprising the governor of the Reserve Bank of India and government officials, will recommend probable candidates in the next two weeks

RBI MPC proposes process to speed up clearance of cheques in a few hours

Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours, says RBI Governor Shaktikanta Das

RBI MPC highlights: Deposit-credit divergence could lead to liquidity management issue, says Das

RBI Monetary Policy Meeting 2024: Catch all the latest highlights on RBI's monetary policy announcements here

RBI's monetary policy committee keeps repo rate unchanged at 6.5%

Monetary policy stance retained at 'withdrawal of accommodation' to aid the MPC's focus on bringing inflation towards the target

RBI MPC policy: Repo rate in focus; what factors may influence decision?

RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead

RBI Policy: MPC to announce repo rates today. When and where to watch?

RBI MPC meeting: A Business Standard poll earlier indicated that economic experts anticipate that the RBI is expected to maintain this status quo for the ninth consecutive policy review

RBI Policy: What are the expectations from first MPC meet after elections?

Following the outcome of the Lok Sabha Elections, concerns have escalated over a potential deceleration in fiscal consolidation coupled with amplified welfare spending

MPC meeting: How has inflation behaved since RBI hiked repo rate last year

The expectations for the RBI panel to begin cutting interest rates soon are there, however, the exact timing remains uncertain

A wholesome policy

Domestically, however the economy continues on a strong footing

Rate sensitive shares trade firm as RBI keeps repo rate unchanged at 6.5%

At 10:39 am; the Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank and Nifty Realty index are trading in green and quoting higher by up to 1.7 per cent

RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time

The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1

RBI Monetary policy committee outcome: Financial terms you must know

As the RBI announces its latest monetary policy stance, here are some key financial terms you should familiarise yourself with to understand their significance and potential implications

RBI MPC: India's early rate-cut hopes dim as inflation threat lingers

The Reserve Bank of India will likely keep its benchmark repurchase rate at 6.5 per cent for a seventh straight policy meeting, according to all 38 economists surveyed by Bloomberg