Home loan borrowers must pre-pay to prevent their loan tenures from rising
The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.
The Governor's reminder that the repo rate is still below the pre-pandemic level served as a clear signal that more rate hikes lie ahead
Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%
RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it
With Wednesday's Monetary Policy Committee (MPC) decision following May's surprise 40 basis-point off-cycle hike, expectations have narrowed down to the size of increase to tame inflation
The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers
Since the last policy announcement, inflationary risks have increased significantly
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle MPC meeting
A group of ministers may propose pruning GST exemptions on certain goods and services and correcting the inverted duty structure. Read more on this in our top headlines
Ahead of the RBI's policy decision, OPEC+ decided to increase the size of its oil-supply hikes by about 50%. Our next report talks about these macro concerns and how investors should trade.
FY23 inflation projection may go above 6%; liquidity steps anticipated
Policy will depend on RBI's inflation projection
The Reserve Bank is expected to go for another rate hike of 0.40% at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday.
Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced CBDCs can kill crypto prospects
External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021
Says have entered another phase of 'coordinated action' between fiscal and monetary authorities
The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.
India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.
The MPC 's external member Jayanth R Varma opined that more than 100 basis points of rate increases needs to be carried out very soon