'Imperative for monetary policy to actively pursue disinflation to anchor inflation expectations,' says Shaktikanta Das
Home loan rates are already lower compared to 2023 levels where they had started touching 9 per cent. The lowest home loan rates today are in the 8.30 range
The Reserve Bank of India's Monetary Policy Committee (RBI MPC) on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the sixth consecutive time.
Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting
The overall market sentiment has remained positive after the government said it aims to reduce the fiscal deficit and lower its gross borrowing by a wide margin next financial year
The RBI is still widely expected to cut rates later this year, but at a much slower pace than the Fed, so relative rupee strength may linger
Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January
Founders have called on the regulator to re-evaluate its directive and engage in dialogue with the fintech industry
'Persistent non-compliance' by company, says order barring it from credit transactions or top-ups in customer accounts
Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June
Focus on liquidity; few expect neutral stance
Payments bank says it has upheld compliance with supervisory instructions
Paytm is now down about 77 per cent from its initial public offering in 2021
A few weeks ago, RBI chief Shaktikanta Das expressed confidence current monetary policy could bring inflation back to its 4% medium-term target
Paytm to pause lending operations for a few weeks to address partners' concerns; 30,000 slaes force already working with merchants
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Paytm will take steps immediately to comply with the RBI's directions, the fintech company said in a statement on Thursday. As a result, it expects a worst-case impact of Rs 300 crore ($36.12 million)
As India focuses on reducing the cost, it is important to get the numbers right
Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said
The draft norms, which were released on Monday, said SRO-FTs should strive towards healthy and sustainable development of the fintech sector