India's most hawkish rate-setter said the policy rate was reaching a level that allows past aggressive action to cool inflation without inflicting too much pain on the economy
Powell cannot afford to take his eyes off the prize - to get inflation down
A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
The country is going through economic turmoil, including high inflation, reserves declining to as low as less than two months' of imports and a fast-weakening currency
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
Amid rising global commodity prices and the need to contain inflation at home, RBI is likely to maintain status quo on interest rates for the eighth time in row, according to experts
Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy
The rate pause was on expected lines, and all the six members on the Monetary Policy Committee were unanimous on the matter
The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system
As widely expected, the central bank maintained its pledge to guide short-term interest rates at -0.1% and the 10-year government bond yield around 0% by a 8-1 vote
The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing
RBI governor is walking a tightrope, says a former chief statistician
While Chinese officials continue to downplay the likelihood of more aggressive easing, the economy has been slow to respond to a host of earlier stimulus measures
India Inc is pitching for a rate cut to boost GDP growth that fell to 7.1% in FY17 from 8% in FY16
Rajan warns of potential dollar shortage in Sept but prepared to provide liquidity
In an interview with The Wall Street Journal, Rajan hinted at the prospect of another cut if inflation trends stay benign