Page 8 - Latest Updates on RBI trims repo rate to 6%

RBI proposes new regulations for export, import transactions under Fema

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

RBI decides not to conduct 14-day repo auction for upcoming fortnight

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

Market Today: GIFT Nifty, Trump's 27% India tariff, F&O Expiry, Nikkei, IPO

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

India's March factory activity expands at its fastest pace in 8 months

'Buoyant demand' helps sales by companies that report fastest drop in finished goods stocks: PMI survey

Manufacturing PMI rises to 8-month high in March driven by new orders

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

RBI expected to cut repo rate by 25 bps in April, 75 bps in FY26: Ind-Ra

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

RBI announces MPC schedule for FY26, first rates decision on April 9

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

RBI likely to cut rates in April MPC meet as inflation drops below 4%: UBS

Swiss investment bank UBS believes an accommodative monetary policy could help India sustain growth amid rising global uncertainties and trade disputes

India short bond yields dip as RBI's liquidity infusion plan aids sentiment

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

Manufacturing slump prompted Feb rate cut, says RBI MPC member Kumar

He said there was a concern about the weaknesses of the manufacturing sector, which is important for job creation, due to subdued urban consumption and slow growth of private investments

Repo rate one of many factors to revive growth: MPC Member Nagesh Kumar

In particular, there was a concern about the weaknesses of the manufacturing sector, which is important for job creation due to subdued urban consumption & slow growth of private investments, he said

MPC minutes: Rate cut appropriate monetary policy response, opined RBI Guv

Reserve Bank Governor Sanjay Malhotra opined that rate reduction was an appropriate monetary policy response at this juncture citing movement of inflation towards the central bank's 4 per cent target, said the MPC meeting minutes released on Friday. Malhotra, along with five other members of the Monetary Policy Committee (MPC) had voted for a 25 basis points reduction in the short-term lending rate (repo) to 6.25 per cent. The RBI at its meeting held from February 5 to 7 effected the rate cut after a gap of five years. "Given the macroeconomic outlook when inflation is expected to align with the target, and recognising that monetary policy is forward-looking, I view a lower policy rate to be more appropriate at the current juncture," Malhotra said, according to the minutes. Chairing his first MPC meeting, he had also pointed out that rising uncertainties on global financial markets and trade policy front, coupled with continuing risk of adverse weather events pose risks to the ...

Govt counts on tax, interest rate cut to revive economy; investors cautious

The decision by India's central bank on Friday to reduce its key rate for the first time in five years comes less than a week after Modi's government unveiled historic tax cuts in its federal budget

RBI will allow ample time for implementing changes regarding ECL, LCR: Guv

RBI Governor Sanjay Malhotra says market determines rupee depreciation, touches on necessary regulations surrounding cryptocurrency

Market forces decide value of rupee, RBI not worried, says Guv Malhotra

Reserve Bank Governor Sanjay Malhotra on Saturday said that the market forces decide the value of rupee with respect to the US dollar and the central bank is not worried about day-to-day movement of the currency value. Addressing the media after the meeting of Finance Minister Nirmala Sitharaman with the Reserve Bank board, Malhotra said that the central bank focuses on the value of the rupee in the medium to long term. On the impact of the depreciation of the rupee against the US dollar on price rise, the Governor said 5 per cent depreciation impacts domestic inflation to the extent of 30-35 bps. He further said that RBI took on board the current rupee-dollar rate while working out growth and inflation projections for the next financial year. Replying to a question, Finance Minister Sitharaman said the Union Cabinet has cleared the new income tax proposal and she hopes to have it introduced in the Lok Sabha in the coming Week. Thereafter it will be sent to a parliamentary standin

RBI rate cut: Real estate firms expect mid-housing segments to thrive

Niranjan Hiranandani, chairman of the National Real Estate Development Council and co-founder and managing director (MD) of Mumbai-based Hiranandani Group, said

RBI MPC: Repo rate cut by 25 bps, stance remains neutral – Key takeaways

On February 7, the RBI’s rate-setting panel slashed the repo rate by 25 basis points to 6.25% and kept the policy stance as neutral.

RBI Guv lauds Budget, says Rs 1 trn tax relief will not impact inflation

New Reserve Bank Governor Sanjay Malhotra on Friday lauded the Union Budget for FY26 as "excellent", which will help in economic growth as well as in the central bank's core objective of curtailing inflation. Malhotra, a career bureaucrat who took over as the Governor of RBI in December, also said that the Rs 1 lakh crore of tax relief given to the middle class to spur consumption will not have any major impact on inflation. "Overall, it is an excellent budget both from a growth perspective as well as from an inflation perspective," Malhotra told reporters hours after announcing a 0.25 per cent repo rate cut, the first such move by the RBI in five years. He said the government has curtailed the fiscal deficit at 4.4 per cent, which is better than the 4.5 per cent under the earlier announced fiscal glide path. Malhotra said the proposals on vegetables, fruits and pulses through dedicated programmes will help curb inflation in the medium to long term. He explained that about 46 per

RBI to postpone digital deposit buffer mandate for banks by 1 year

Originally proposed in July 2024, the RBI's guidelines required banks to set aside an additional 5 per cent 'run-off factor' on digitally accessible retail deposits

RBI announces to add bond derivatives to investors' hedging toolkit

Reserve Bank of India Governor Sanjay Malhotra announced the plan in the authority's policy statement Friday