While interest-rate swaps are pricing a rate cut only in December, traders are girding for a possible shift in the RBI's stance to neutral
Here is the best of Business Standard's opinion pieces for today
Govt extends M Rajeshwar Rao's term by one year
Latest RBI data showed, India's foreign exchange reserves surpassed the $700 billion mark
Indians are flocking to invest in stocks, putting pressure on banks which need to strike a balance between deposits and loans
Reserves rose by $12.58 billion, marking the fifth-highest weekly increase
The RBI will announce the review of the policy on October 9
The central bank has made the suggestion in a draft circular on 'forms of business and prudential regulations for investments' released on Friday
It will be important for monetary policy not to inadvertently accentuate asset price inflation, financial exuberance and the associated financial stability risks that come with it
RBI Governor Shaktikanta Das has repeatedly stressed the need to build a forex buffer to act as a shield during periods of market volatility
Action taken by lenders have to be informed to the senior supervisory manager (SSM) of the regulator
While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat
Amid suggestions for excluding food inflation while setting benchmark interest rates, former RBI Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it would erode the 'great faith' of people in the central bank, which has been mandated by the government to keep inflation in check. Rajan further said it is best that inflation target a basket which is what the consumer consumes because that affects the consumers perception of inflation and ultimately inflationary expectations. "When I came into office, we were still targeting PPI (producer price index). Now that has no bearing to what the average consumer faces. "So, when the RBI says inflation is low, look at PPI, but if the consumer is facing something very different, then they do not really believe that inflation is down," he told PTI. Rajan was responding to a question on suggestions made in the Economic Survey 2023-24 for excluding food inflation while setting benchmark interest
Newly reconstituted Monetary Policy Committee of the Reserve Bank of India with three new appointed external members will commence its maiden meeting on Monday. The outcome of the three-day meeting of the MPC would be revealed by MPC Chairman RBI Governor Shaktikanta Das on next Wednesday (October 9). It is widely anticipated that the MPC will keep interest rate unchanged despite change in composition of external members. This would be tenth time in a row when the Reserve Bank of India (RBI) will maintain status quo as far as policy rate is concerned. The MPC last revised interest rate in February 2023, when it was hiked to 6.5 per cent. Apart from the chairman, the other internal members are RBI Deputy Governor in charge of monetary policy Michael Debabrata Patra and Executive Director monetary policy department of RBI Rajiv Ranjan. The government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as external members to the MPC. Singh, who is director of the .
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee
On October 1, the government appointed 3 new members to the RBI’s Monetary Policy Committee (MPC). This comes a few days ahead of the MPC policy review scheduled for October 7-9. Watch the video to k
The Committee noted that banks in India are increasingly linking their personal, retail, and MSME loans to the policy repo rate, with a growing share of advances tied to this rate
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee
Muthoot Finance, Manappuram Finance shares slipped after the RBI found several irregular practices being followed by gold loan financiers
Whatever happens, a sustained period of central bank activism, in contrast to the recent hiatus of higher-for-longer rates, is likely to take hold