Page 8 - Repo Rate
RBI releases MPC schedule for FY25, first interest rates decision on Apr 5
The Reserve Bank of India (RBI) on Wednesday announced the schedule for the bi-monthly monetary policy committee meetings for the new fiscal. The first meeting will be held from April 3-5, while the next will start on June 5, as per an official statement. Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed. The first two days of the meeting are devoted to deliberations and presentations by subject matter experts to the panel. The second bi-monthly policy review meeting will end on June 7, the statement said, adding that this will be followed by three-day meetings in August, October, December, and February. The six-member panel headed by the governor has three external members. It can be noted that Shaktikanta Das' term as the RBI Governor is set to end in December this year. The MPC has been consistent in holding on to the elevated interest rates and
 "RBI releases MPC schedule for FY25, first interest rates decision on Apr 5")
US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting
Fed still expects three rate cuts in 2024 despite sticky inflation, stronger economy
 "US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting")
Any change in withdrawal stance will unsettle markets: Ashima Goyal
'Withdrawal' is now well understood to imply that the repo rate remains disinflationary and is aimed at bringing inflation towards the target, Goyal said
 "Any change in withdrawal stance will unsettle markets: Ashima Goyal")
Russian central bank holds interest rate at 16% after months of tightening
Russia's domestic demand was still outstripping production capacity, the bank said, with labour shortages still the key constraint on expanding the output of goods and services
 "Russian central bank holds interest rate at 16% after months of tightening")
RBI MPC keeps repo rate at 6.5%: What does real estate industry think?
Repo rate unchanged: The experts in the real estate industry said that this decision is likely to keep the momentum in the industry intact
 "RBI MPC keeps repo rate at 6.5%: What does real estate industry think?")
RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
 "RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%")
RBI holds policy rates, stance unchanged over inflation concerns
'Imperative for monetary policy to actively pursue disinflation to anchor inflation expectations,' says Shaktikanta Das
 "RBI holds policy rates, stance unchanged over inflation concerns")
RBI MPC today: When, where to watch address of Guv Das and what to expect
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday
 "RBI MPC today: When, where to watch address of Guv Das and what to expect")
RBI MPC meet begins: First meet post interim budget 2024; 5 things to know
The RBI MPC meeting will conclude on February 8, following which the RBI Governor Shaktikanta Das will announce the decision of the committee
 "RBI MPC meet begins: First meet post interim budget 2024; 5 things to know")
RBI Monetary Policy Committee meet: Check date, time and what to expect
RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time
Bank of England keeps rates unchanged at 5.25%, may cut if inflation falls
The pound erased earlier losses and investors trimmed bets on the extent of Bank Rate cuts but still saw four reductions in 2024, a view that Bailey said he did not want to challenge
 "Bank of England keeps rates unchanged at 5.25%, may cut if inflation falls")
Realty reality: Will luxury housing in India lose its sheen in 2024?
Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?
Bond market expects RBI to change policy stance in February review
Continuous VRR indicates accommodative approach on liquidity
 "Bond market expects RBI to change policy stance in February review")
Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs
Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs
 "Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs")
Reserve Bank of India to conduct 7-day VRR auction to inject up to Rs 1 trn
The central bank had conducted a VRR auction after six months on December 15
 "Reserve Bank of India to conduct 7-day VRR auction to inject up to Rs 1 trn")
Banks bid Rs 3 trn against notified amount of Rs 1.25 trn in VRR auction
The deficit liquidity in the banking system widened to Rs 2.7 trillion on Thursday, according to data by the central bank
Year ender 2023: 10 important regulatory changes that took place in India
2023 was a busy year for regulators like the Reserve Bank of India and the Securities and Exchange Board of India. Here are the 10 key changes on the regulatory front
 "Year ender 2023: 10 important regulatory changes that took place in India")
Worst of liquidity crunch may be over, VRR, govt spending to lower deficit
VRR auctions, govt spending likely to help ease situation
RBI receives bids 2.7 times against notified amount at 7-day VRR auction
The central bank conducted a VRR auction after six months
 "RBI receives bids 2.7 times against notified amount at 7-day VRR auction")
Reserve Bank of India to conduct 7-day variable rate repo auction on Friday
"The response should be good from the banks and the auction should sail through easily as the liquidity is very tight right now," a dealer at a state-owned bank said