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
The RBI's monetary policy committee is expected cut benchmark interest rate by 25 basis points in its policy review meeting next month to push growth, India Ratings and Research (Ind-Ra) said on Thursday. "We expect the headline inflation in FY25 to cool off to 4.7 per cent. Monetary easing may be limited to 75 bps in FY26," Ind-Ra Chief Economist and Head Public Finance, Devendra Kumar Pant said. However, if the impact of US reciprocal tariff turns out to be higher than expected, there may be higher easing by RBI, Ind-Ra said in a statement. The RBI's monetary policy committee is scheduled to meet 6 times in the next fiscal 2025-26 beginning April 1. The first meeting is slated for April 7-9. "Ind-Ra expects the monetary policy committee (MPC) to opt in for a 25bps cut in policy rates in its forthcoming April 2025 meeting," the rating agency said. Higher and stubborn inflation had prompted the RBI to tighten the monetary policy, and it raised the policy rate by 250 bps between Ma
The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee (MPC) meetings for financial year 2025-26. The rate-setting panel will hold its first meeting of the fiscal from April 7-9 and the next will begin on June 4, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The second bi-monthly policy review meeting will end on June 6, the statement said, adding that this will be followed by three-day meetings in August, September, December, and February. The six-member panel headed by the governor has three external members. The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The committee at its last meeting held in February had reduced the key short-term lending rate by 25 basis points after a gap of n
Swiss investment bank UBS believes an accommodative monetary policy could help India sustain growth amid rising global uncertainties and trade disputes
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