Tax outflows drive tightness; banks face pressure to raise deposit rates
This comes after RBI's monetary policy committee raised repo rate by 35 bps earlier this month to take it to 6.25%
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022
Does sticky core inflation mean more rate hikes by RBI? Will a warm winter affect Indian farm output? Is it time to pick fixed-income securities? What is ELSS? Listen to this podcast to know
According to the RBI governor, persistent and sticky core inflation remains a cause for concern
Despite a repo rate increase on expected lines, equity markets edged lower as the governor rang alarm bells over sticky core inflation
As per the charts, SBI and DLF need to conquer the near resistances at Rs 620 and Rs 420, respectively, for fresh gains to emerge.
CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil
The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent
Catch all the latest updates on the RBI's bi-monthly monetary policy announcement today
Feature will make payments easier for e-commerce and investments in securities
RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high
RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August 5 and September 30
Equity markets are in a consolidation mood now. The next triggers for the markets are RBI's policy outcome and the results of Gujarat polls. Find out how different outcomes sway markets
A Business Standard poll shows that the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) is likely to announce a 35-basis point (bp) hike in the repo rate on December 7
The war in Ukraine and resultant spurts in energy and food costs, and supply disruptions caused by the pandemic are among main reasons cited by RBI for high inflation
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra
Swap rates decline post fall in US, India inflation
The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes