The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will be keenly watched, the poll of over a dozen economists said. "Given the uncertainty around crude oil prices and geopolitical developments, the RBI is likely to remain on pause in the April policy and closely monitor incoming inflation data before taking any further action," said Aditi Nayar, Chief Economist at ICRA. SBI's chief economist Soumya Kanti Ghosh said while announcing the pause, the RBI will be careful in communicating its decision. "India is not unscathed from the current crisis and is feeling the
From Sebi's governance gaps and inflation targeting to investor protection concerns, AI-led consumer insights, and evolving global discourse, today's BS Opinion offers sharp perspectives
RBI MPC members signalled support for growth as minutes from the February meeting showed confidence in a benign inflation outlook, with most seeing room to sustain an accommodative policy bias
The RBI's MPC held rates steady, citing improved growth and benign inflation, while announcing regulatory steps to boost credit flow and strengthen digital payment safety
The RBI has removed the Rs 2.5-trillion investment cap under the voluntary retention route for FPIs to deepen bond markets, enhance capital flow stability and encourage long-term foreign participation
Sensex Today | Stock Market Highlights, Friday: Among the broader markets, the Nifty Midcap 100 and the Smallcap 100 indices were 0.02 per cent and 0.27 per cent down, respectively
Under a proposed one-time framework, RBI plans to compensate customers for small-value digital frauds up to Rs 25,000, with the central bank and banks sharing the cost
The central bank proposed draft rules to curb mis-selling, cap losses from unauthorised digital transactions and tighten recovery practices as part of a wider push to strengthen customer protection
The country's holdings of long-term US debt had dropped to a five-year low of $174 billion as of November, down 26 per cent from a 2023 peak, according to US government data
The RBI MPC, led by governor Sanjay Malhotra, on Friday, announced to keep the repo rate unchanged at 5.25 per cent
RBI MPC: The Reserve Bank of India unveiled plans to protect bank customers, curb digital fraud, ease loan rules for MSMEs, and simplify norms for banks, UCBs and NBFCs
The POC stressed that excluding precious metals, underlying inflation pressures were muted and that barring volatility on account of gold and silver, core inflation was expected to remain range-bound
Malhotra also said that there is no reduction in the central bank's holdings of US treasuries
The Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent in its February meeting
The 10-year benchmark yield rose to 6.69 per cent after the MPC held rates steady and the RBI refrained from announcing fresh OMOs, despite market expectations
Reserve Bank of India Governor Sanjay Malhotra said India's economy remains on a strong footing despite global challenges, helped by stable inflation and steady growth
The stockpile rose from $709.4 billion, which was already an all-time high
Malhotra said that several measures announced in the Union Budget, along with the India-EU trade deal, are expected to provide a boost to economic momentum
RBI MPC February meeting: In its policy meeting, which took place between February 4-6, the committee continued with the 'neutral' stance
RBI MPC meet: In the December policy review, the MPC unanimously cut the repo rate by 25 basis points to 5.25 per cent from 5.5 per cent