RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction
The central bank raised the GDP growth forecast for FY24 to 7% from 6.5%
RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
Likely to revise FY24 growth forecast upward
The RBI will not take its eyes off inflation. There is no room for complacency
Mester noted Fed forecasts released at the September meeting eyed another increase in what is currently a federal funds target rate range of between 5.25% and 5.5% by the end of the year
In which we munch over the week's platter of news and views
Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote
The NSE Nifty 50 index closed 0.55% higher at 19,653.50 points, while the S&P BSE Sensex rose 0.55% to 65,995.63. Both the benchmarks logged weekly gains, snapping a two-week losing streak
Housing sales will get a boost during the upcoming festive season with the RBI deciding on Friday to keep repo rate unchanged, according to real estate developers. However, builders demanded that the key interest rate should be brought down in the next RBI policy review. Commenting on the RBI policy, realtors' apex body CREDAI President Boman Irani said, "This move will help maintain the momentum in housing sales during the festive season." Many investors and fence sitters would come to the fore and buy residential properties, he added. "We however reiterate the crucial need of a rate cut in the next MPC meet as current interest rates have been the highest among the last few years, that need to be brought down," Irani said. Naredco President Rajan Bandelkar said, "The stability in interest rates is a relief for developers who are navigating a complex economic scenario." This decision will benefit everyone, ensuring liquidity in the market and adding to the festive cheer, he ...
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
Rate-setting panel considers high inflation as risk to macroeconomic stability and sustainable growth, says Shaktikanta Das
The RBI said the near-term inflation outlook is expected to improve on the back of vegetable price correction and the recent reduction in LPG prices
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors
The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%
Thursday's decision raises the ECB's benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999
The brokerage expects "very little" forward outlook for the following meetings but said the bias would be towards pausing and not cutting rates
The RBI had said it would review the I-CRR decision on or before September 8