The MPC revised its inflation projection for H2 FY2018 to 4.2-4.6%, including the impact of the revision in house rent allowance
Conserving cash new India Inc mantra
The Reserve Bank of India (RBI) has decided to the repo rate unchanged at 6 per cent
In a first, MPC did not refer to the second round effects through demand conditions from HRA hike
The Reserve Bank of India (RBI)'s Monetary Policy Statement is one of the most tracked events for Indian equities given its relevance on interest rate, inflation trajectory as well as economic growth. With the easing of Consumer Price Index (CPI) inflation to 1.54 per cent in June, the market had high expectations that RBI will adequately pass on this comfort. While the Monetary Policy Committee (MPC) did not disappoint the Street and obliged it with a 25 basis point (bps) cut in repo rate, the move has not entirely pleased the market.For one, most experts say a 25 bps cut was already priced-in as the overall fundamentals looked in favour of low interest rate regime. Therefore for equities, a 50 bps repo rate cut may have been more substantive to take home. Andrew Holland, CEO, Avendus Capital says MPC's move hasn't exceeded market expectations. "It is only a disappointment considering the positive macros," he adds. That said, with this being nearly the third consecutive quarter of ...
The rupee rose to as much as 63.59 per dollar, its strongest level since July 22, 2015
RBI Monetary Policy Committee decided to reduce repo rate at which it lends to banks by 0.25% to 6%
Reasons for caution have evaporated over time
Recent economic data make it difficult to justify the policy stance
Govt representatives should take decisions independently
Have conditions in the real economy altered dramatically in the last two months?
This was the first MPC meeting that had a dissent note
Education inflation in April had actually risen up to 5.32% from 5.2% in March
Assocham said RBI has 'disappointed India Inc' by not reducing the policy interest rates
The MPC decision to adopt a wait-and-watch stance on Wednesday is based on sound factors
Says unless states' budgets allow fiscal space for waiver, it would be risky to tread on that path
RBI to look at monsoon distribution, the impact of GST and pay hike
FM said inflation has been under control for long and is likely to remain so due to good monsoon
Over the past week, the benchmark Sensex rose by 245 points to end at 31,273.29.
Existing MDR cap is 0.75% for transactions up to Rs 2,000 and 1% for over Rs 2,000