Page 175 - Reserve Bank Of India

Falling commodity prices may soften inflation, but it may remain elevated

Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday

RBI Policy: How has inflation fared since the last monetary policy meeting?

Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June

Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox

The Reserve Bank of India's MPC is likely to announce a repo rate hike of 35-50 basis points in its policy statement on August 5, a Business Standard poll showed

BS policy poll: RBI may push rates up by 30-50 bps, say economists

MPC may front-load rate hikes to tame inflation, say economists

RBI may raise key policy rate by 25-35 bps to check inflation: Experts

Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by 25-35 basis points to check high retail inflation, experts said

HDFC Ltd net profit surges 22% YoY to Rs 3,668 crore in June quarter

It looks to raise $1.1 billion in external commercial borrowing

Deadline for Srei resolution extended for third time, new date is Aug 10

RBI superseded group firms in October 2021 over governance concerns and payment defaults

Top Headlines: Macy expenditure cut to hurt Indian IT cos, 5G auction Day 4

Macy's has informed its tech vendors of a 10-15 per cent cut in the IT budget for this year amid fears of a recession, a move that may hurt IT companies. Read more on this in our top headlines

Card data storage: RBI relaxes rules for checkout on guest transactions

Sticks to Oct 1 deadline for card tokenisation; acquiring banks permitted to store card-on-file data until January

Experts expect some inflation, CAD relief after US Fed hikes rates

MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say

RBI to hike rates by 0.35%-0.5% at Aug 5 review: Axis Bank chief economist

The Reserve Bank's rate setting panel will hike the key repo rate by 0.35-0.50 per cent at the next week's review meeting, Axis Bank chief economist Saugata Bhattacharya said on Thursday. A hike of such a quantum will take the repo rate beyond the 5.15 per cent level, at which the RBI had begun the ultra-accommodative measures in the face of the COVID-19 pandemic, he told reporters. It can be noted that the monetary policy committee (MPC) has hiked rates in two consecutive moves in May and June by a cumulative 0.90 per cent, taking the repo rate at which it lends to the system to 4.90 per cent, in a bid to contain inflation. Bhattacharya said the MPC will go into the internal surveys like household inflation expectations and consumer confidence while deciding the quantum of the rate hike. He said the rate hike will be both an attempt to stem inflation expectations, and also one part of it will be a frontloading of actions. A majority of developed world central banks like the US Fe

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets

Top Headlines: Centre's capex Q1 outlay, Fed hikes rates by 75 bps, & more

Business Standard brings you the top headlines at this hour

IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage

Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years

Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta

RBI needs to be fourth buyer in the bond market, says senior executive

Banking liquidity surplus shrinks on RBI's defence of rupee

GST outflows have also pushed up interbank cost of funds

Trade settlement in rupee: Banks seek clarity on fund repatriation

Banks also raised the question to the RBI as to why the surplus balances in Vostro accounts could only be invested in government securities and not corporate debt

RBI to go for 35 bps hike at next week's monetary policy meeting: Report

The Reserve Bank of India's rate-setting panel will go for a 0.35 per cent hike in the key repo rate at its meeting next week, an American brokerage said on Wednesday. The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said in a report published ahead of the Monetary Policy Committee (MPC) resolution which is set to be announced on August 5. RBI has hiked the rate by a cumulative 0.90 per cent in two tightening moves in May and June, responding to the runaway headline inflation which has consistently overshot the upper end of the target set for the central bank for many months. Referring to policy actions since April, when RBI introduced the standing deposit facility, the brokerage said the central bank has effectively hiked rates by 1.30 per cent. "In our base case, we now see the RBI MPC hike policy repo rate by 0.35 per cent, taking it to 5.25 per cent (higher than pre-pandemic level), with stance change to calibrated ...

RBI MPC preview: Das and Co may hike repo rate by 25-50 bps in August

If the inflation remains above 6% on average for the next three months, the RBI will have to explain to the govt in writing the reasons for its failure to keep the rate of price rise in check

US Fed rate hike will intensify market risks for Asia's central banks

The expected 75-basis-points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening