Page 17 - Rbi Mpc Meeting

RBI's Monetary Policy Committee meet: Date, time, members, and agenda

RBI began its fourth Monetary Policy Committee meeting for the ongoing financial year on Monday. Key announcement from the meet will be announced on Oct 9

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

RBI monetary policy: Status quo on rates; stance may remain unchanged

Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties

RBI interest rate decision, West Asia conflict to drive markets: Analysts

The Reserve Bank of India's (RBI's) interest rate decision, Middle East conflict and trading activity of foreign investors are the key factors that will dictate investors' sentiment in the market this week, analysts said. Moreover, quarterly earnings from IT bellwether TCS, domestic macroeconomic data and movement in global oil benchmark Brent crude would also guide trends in the market. Worsening tensions in the Middle East and foreign fund outflows were the major culprits behind the equity markets sharp fall last week. "On the domestic front, the market's focus will be on the RBI Monetary Policy Committee (MPC), which is scheduled to meet from October 7 to 9, 2024, with the outcome to be announced on Wednesday," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. The second quarter earnings season is kicking off with TCS, he said. "Domestically, liquidity remains strong, with signs of sectoral rotation from overvalued segments to areas with more attractive ...

Reconstituted RBI MPC with 3 new members to begin maiden meeting on Mon

Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external members will commence its maiden meeting on Monday. The outcome of the three-day meeting of the MPC would be revealed by MPC Chairman RBI Governor Shaktikanta Das on next Wednesday (October 9). It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members. This would be tenth time in a row when the Reserve Bank of India (RBI) will maintain status quo as far as policy rate is concerned. The MPC last revised interest rate in February 2023, when it was hiked to 6.5 per cent. Apart from the chairman, the other internal members are RBI Deputy Governor in charge of monetary policy Michael Debabrata Patra and Executive Director monetary policy department of RBI Rajiv Ranjan. The government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as external members to the MPC. Singh, who is director of the .

India keeps markets guessing ahead of three key RBI MPC appointments

The contracts of three external members of RBI's monetary policy committee will expire on Oct 4, just days before the MPC is expected to meet and make its rate decision on Oct 9

Market expects MPC to implement cumulative 50 bps rate cut by March 2025

They also foresee a continued decline in food prices, which fell to 5.1 per cent in July from 8.4 per cent in June year-on-year, further supporting expectations of a rate cut

Expect new members in MPC to be appointed in time, says RBI Guv Das

Reserve Bank Governor Shaktikanta Das on Thursday said he expects new external members of the monetary policy committee to be appointed in time. Speaking to reporters on the sidelines of the annual Fibac event here, Das said the meeting of the Monetary Policy Committee (MPC) -- scheduled to take place from October 7 -- can only take place when the members are in place. "New members obviously have to be appointed then only we can hold the meeting. It should happen. We expect the new members to be in place in time," the governor said. The four-year term of three external members -- Ashima Goyal, Jayanth Varma and Shashank Bhide -- is coming to an end on October 4. The appointments to the panel are made by the government. The MPC is chaired by the governor and has six members. The RBI has three representatives, including the governor, while the other three are external members. The members vote on the rate call before the resolution is made public, and the governor has the casting vo

Govt to appoint new external members to MPC ahead of crucial rate meeting

The selection panel, comprising the governor of the Reserve Bank of India and government officials, will recommend probable candidates in the next two weeks

MPC internal and external members differ on growth, inflation outlook

Deputy governor Michael Patra also warned about the spillover effects of food inflation

RBI's MPC to get new external members as current terms expire in October

The RBI MPC consists of six members: three from the RBI, including the governor, and three external members appointed by the government

Best of BS Opinion: Growth, inflation & recovery, Chinese dependence, more

Here is the best of Business Standard's opinion pieces for today

Monetary policy: RBI holds repo rates again, cites food inflation risks

Red-flags top-up loans, credit card spends

Food inflation can't be ignored, need to remain vigilant: RBI Governor Das

Economic Survey had suggested exploring whether inflation targeting framework of the central bank should exclude food

Staying the course

Mr Das has set the record straight

Banks should offer innovative products, services to garner deposits: Das

This nudge comes amid sluggish deposit growth, which has led to a widening gap between credit and deposit growth

RBI MPC meet, Aman Sehrawat & Neeraj Chopra, Waqf Amendment Bill

In the Lok Sabha, NDA allies JD(U) and TDP supported the Waqf (Amendment) Bill, while many opposition leaders criticised the bill as an attack on the Constitution.

Is the US heading towards recession? What RBI Governor Shaktikanta Das said

The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced

RBI MPC Meet: Repo rate unchanged at 6.5%, check GDP, CPI projections here

The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2

RBI MPC maintains FY25 inflation forecast, food prices remain a challenge

With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation