The repo rate cut by the RBI reinforces the central bank's commitment to support economic growth
The Reserve Bank's move to lower its benchmark repo rate for the second time in a row will cushion India's economy against external shocks in the face of reciprocal tariffs imposed by the US that has triggered a global turmoil, industry bodies said on Wednesday. The RBI on Wednesday slashed the key interest rate by 25 basis points to 6 per cent providing relief to home, auto and corporate loan borrowers. CII Director General Chandrajit Banerjee termed the decision to continue with the rate easing cycle as timely and prudent. "The rate cut coupled with the shift in monetary policy stance from 'neutral' to 'accommodative', too, is a big positive," Banerjee said. The RBI's rate cut, and stance change reflect concerns about the impact of slower global growth on domestic economy and a relatively benign outlook for domestic inflation, he added. CII is of the view that RBI's accommodative monetary policy combined with the government's growth-centric fiscal policy will help boost domestic
The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management
We expect the GDP growth to print at 6.2 per cent in FY26, marginally below the 6.3 per cent projected by us for FY25, said Aditi Nayar of Icra
During the post-Monetary Policy press conference, RBI Governor Sanjay Malhotra said the central bank lowered the growth forecast primarily because of the tariff-related uncertainties
Mahindra & Mahindra, TVS Motor Company, Bajaj Auto and Maruti Suzuki India from the auto pack are trading higher by up to 1 per cent in a weak market
The committee had changed the stance to neutral in October from withdrawal of accommodation
The benchmark repo rate was kept unchanged at 6.5 per cent for 11 consecutive MPC meetings and the first rate cut was announced in February 2025
RBI Governor Malhotra warned that increased US tariffs could hinder India's exports and domestic growth, emphasising the central bank's commitment to monitoring inflation risks
RBI's MPC begins 3-day meet from April 7; decision on repo rate to be announced April 9. Markets expect 25 bps cut amid easing inflation, global concerns
RBI MPC April meet: The monetary policy committee is expected to do a second rate cut on April 9 and switch to an 'accommodative' stance. What does this mean?
In February, the RBI's six-member monetary policy committee delivered its first rate cut since May 2020 amid a slowdown in the economy, which is expected to have expanded 6.5 per cent in fiscal 2025
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
Reports suggest that India's overnight indexed swap (OIS) rates signal a bigger reduction or a change in its stance.
The challenge for the MPC is to gauge how this heightened level of uncertainty will affect growth and inflation dynamics in India, which will form the basis of its policy decision
In July last year, the RBI had issued the draft, and based on the feedback received from the public and subsequent further consultations with various stakeholders
Banking system liquidity moved into surplus on March 29, after being in deficit since mid-December. The surplus stood at 1.42 trillion rupees, as on April 1
In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35
'Buoyant demand' helps sales by companies that report fastest drop in finished goods stocks: PMI survey
The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest