The central bank had recorded a net purchase of $6.93 billion in the spot market in July
He highlighted that historically, crises have acted as catalysts for bringing supervisors together to address shared challenges
While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25
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The industry experts believed that a rate cut would have helped the momentum to continue amid the festive quarter
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.
MPC to 'remain unambiguously focused' on a durable alignment of inflation with the target, while supporting growth
The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge
The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts
"If inflation stays under control, a rate cut could come," said the CEO of Bankbazaar.com, Adhil Shetty, regarding the RBI's monetary policy decision
Since last rate decision, official data showed economic growth moderated to 6.7 per cent in the April-June quarter, below the RBI's projection of 7.1 per cent, while signs show soft urban consumption
The central bank steps in occasionally to support the rupee via moral suasion and had last done something similar in early August
SBI, Bank of India, ICICI Bank, HDFC Bank and PSB are seen trading at their respective make-or-break points post the recent stock market fall. Here are the key levels to watch out for.
At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts. Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- Monetary Policy Committee (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday. MPC Chairman RBI Governor Shaktikanta Das will reveal the outcome of the three-day discussion on Wednesday (October 9). The Reserve Bank of India (RBI) has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with
Market participants said the banking regulator may conduct more VRR auctions to infuse liquidity if the weighted average overnight money market rates do not align with the repo rate
Some analysts contend that the deposit problem is entirely imaginary, but slow retail deposit growth and shifts in savings trends reveal valid concerns for banks' lending capacity
Mittal expects the RBI to cut rates up to 75 bps in the next 6-12 months. Given the sticky domestic inflation, he sees BOJ gradually tighten the monetary policy
Untenable to treat food price fluctuations 'transitory' in monetary policy settings: Report