Market participants said that the fall in overnight rates further weighed on OIS rates
The RBI decision to reduce the key interest rate by 25 bps and revise its monetary stance to 'accommodative' is a timely move and will cushion the secondary impact of tariffs on domestic economy, industry players said. Industry players, including banks, NBFCs, and realtors, also said that the Reserve Bank's latest monetary policy augurs well for the economy amid global trade uncertainties. SBI Chairman C S Setty said the RBI rate cut coupled with the revision in stance to 'accommodative' was a swift, timely move and a forward guidance to the market to stay supportive against evolving global uncertainties. "On the regulation side, the market-based securitization framework for stressed assets, review of policy on gold lending and non-fund-based facilities are timely. Widening of the co-lending framework gives wider choices to all parties concerned," Setty said. The Reserve Bank of India (RBI) cut the repurchase or repo rate by 25 basis points to 6 per cent. Aditi Nayar, chief econom
RBI MPC reduced the repo rate by 25 basis points to 6 per cent, marking the second cut this year
Also, focus will be on liquidity-related measures to boost transmission of policy rates to bank lending and deposit rates
Assocham president Sanjay Nayar emphasised that the RBI has already injected liquidity into the market through various measures
Fed's Powell downplayed simmering concerns about a slowdown but acknowledged tariff uncertainty was a factor and already contributing to goods inflation
India's headline consumer price index (CPI) inflation eased to 3.61 per cent in February-the lowest since July 2024-on the back of a sharp decline in food inflation
In her first public comments since she and Catherine Mann voted for a half-point rate cut on Feb 6, Dhingra said consumer spending was likely to remain weak and inflationary pressures subdued
The Reserve Bank of India cut the repo rate for the first time in nearly five years at this meeting, and the commentary in the minutes has opened up space for another rate action in April
It has been the endeavour of Reserve Bank to provide as much liquidity as is required
Originally proposed in July 2024, the RBI's guidelines required banks to set aside an additional 5 per cent 'run-off factor' on digitally accessible retail deposits
RBI Monetary Policy Highlights: RBI Governor Sanjay Malhotra announced a 25 bps cut in the repo rate -- from 6.5% to 6.25%
State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different
Consultative process in making regulations will continue: Sanjay Malhotra
Portfolio managers that are underweight on Indian bonds have started rebalancing their portfolios
Despite a weaker dollar index and stronger Asian currencies, the rupee depreciated due to stop-loss triggers, said dealers
Stock Market Highlights on February 5, 2025: Broader markets outperformed the benchmarks, with small-cap shares leading the charge, as the Nifty Smallcap100 index ended higher by 1.85 per cent
Germany's rate-sensitive two-year bond yield, was down 81 basis points (bps) at 2.18% on Friday. It was set to end the week 16 bps lower in its biggest fall since the week of Sept. 23
With the euro zone suffering through an industrial recession and weak consumption, the case for a cut is so clear that none of the ECB's 26 policymakers have publicly pushed back
Pakistan's economy grew 0.92 per cent in the first quarter of fiscal 2024-25 which ends in June, according to data approved by the National Accounts Committee, released by its Statistics Bureau in Dec