Page 43 - Rbi Policy

Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%

CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.

May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor

"We have to stand in readiness to go beyond keeping Arjuna's eye to deploying policy instruments, if necessary" to contain inflation, said Reserve Bank Governor Shaktikanta Das on Thursday. Headline consumer price index-based inflation projection for the second quarter of 2023-24 has been revised up substantially, primarily due to the price shock from vegetables, at 6.2 per cent by the RBI form 5.2 per cent estimated in June. Unveiling the bi-monthly monetary policy, Governor Das said the moderation in headline inflation to 4.6 per cent in the first quarter of 2023-24 was in line with the projections set out in the June MPC meeting. There was a pick-up in headline inflation to 4.8 per cent in June due to an upturn in food inflation. "Going by the past trends, vegetable prices may see a significant correction after a few months. The prospects of kharif crops have brightened, thanks to improvement in the progress of the monsoon," he said. Uncertainties, however, remain on domestic f

Mixed trend on charts in rate-sensitive stocks post RBI policy outcome

Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook

RBI rate unchanged: Continue with floating home loans, lock in those FDs

Home loan borrowes should continue with floating interest rate loans

Banks to maintain 10% additional CRR from Aug 12 as temporary measure: RBI

Action is part of central bank's efforts to reduce surplus liquidity, it says after monetary policy announcement

RBI policy: Can higher inflation become the new normal for the markets?

The upward revision in RBI's inflation projection, analysts suggest, implies that the central bank is likely to keep the rates elevated for a longer period of time than what the Street expected.

RBI policy: Rate sensitives mixed; private banks, auto stocks underperform

At 11:01 AM, Nifty Bank and Nifty Financial Services index were down 0.65 per cent as compared to 0.50 per cent decline in the Nifty 50 index

Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors

Stocks to watch on August 10, 2023: Shares of rate sensitive sectors, such as auto, banks and real-estate will be in focus on Thursday as RBI announces its policy decision.

SBI, PNB: Here's how to trade banks post Q1 results and ahead of RBI Policy

Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.

SBI MD bats for allowing special Vostro surplus in corporate bonds

This arrangement for investment has not really picked up in terms of surplus money in the vostro accounts being invested in g-secs, he added

When P2P platforms act like deposit-taking NBFCs

Before it is too late, the RBI should come down on practice of renting out the P2P licence and some of them playing fund managers instead of offering a meeting platform to borrowers and the lenders

US Fed hike on expected lines; RBI to take a balanced view: Analysts

The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward

RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

CPI inflation can be perceived as an aberration

RBI panel charts path to internationalise rupee, reduce dollar dependency

Capital account convertibility is not a pre-condition for internationalisation of rupee

Pace of retail loan growth double of total advances, says RBI report

Share of SMA loans relatively high at 7.4%: FSR

TCS on global credit cards: HDFC Bank says clearing real-time checks tough

Working with industry, quickly building internal systems to facilitate LRS reporting, says lender

RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift

Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30

RBI to engage external managers for very small part of FX reserves: Das

CBDC going to be future of money: RBI guv

Rules of recovery

Settlement framework provides another option

Why spate of bank deposit rate hikes could be a thing of the past

Around 85% of the Rs 2000 notes are deposited in the bank accounts and not exchanged for smaller denominations. Thus, bank deposits are likely to increase by atleast Rs 2 lakh crore