RBI's next move will depend on the Budget
If Reserve Bank's rate cut pause has shocked you, blame it on inflation
With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11
Knight FRank India CMD Shishir Baijal said the RBI's decision to not lower interest rate has come "as a surprise and a bit of a disappointment to the industry"
From RBI's surprise on repo rate to the Reserve Bank raising the lending limit of Peer-To-Peer platforms five-fold, Business Standard brings you the top headlines of the day
GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent
If the Reserve Bank of India (RBI) cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019
Most highly rated companies are enjoying rate benefit of more than 150 basis points in their working capital raised from the market
At 4.75%, India will still offer positive rates of return to investors seeking high yields
The lead edit explains why the 25 basis point cut in the policy rate is an appropriate call
The direction is clear -- there will be more rate cuts but the pace will depend on the incoming data
The RBI's action was also influenced by central banks globally, especially those of the emerging markets
The six-member Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent
The cut in GDP projection for FY20 is curious because it is also an admission that these 135 bps cuts in interest rates will not have a major impact on growth this year
The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Das
The larger problem here is that government finances are already in a hole; that would be a problem even if the tax cut were the best-designed in history
The RBI had set up the internal working group to review the current liquidity management framework with a view to simplify it and suggest measures to clearly communicate the objectives
Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today
Also, link pricing credit to Medium units to the repo rate
The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole