The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month
RBI has been slow in withdrawing accommodation
The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
The central bank earlier this month started to move away from its ultra-loose monetary policy.
The five other members had also expressed a similar opinion amid the ongoing Russia-Ukraine conflict's impact on the global and domestic economies
We are watchful and the situation is dynamic and fast changing and all our actions will be tailored accordingly, says Shaktikanta Das
No decision yet on Rupee-Rouble trade
This is expected to enhance ease of transactions and eliminate frauds at the same time
RBI Monetary policy LIVE updates: As expected by market participants, RBI retained status quo on key interest rates. Governor Shaktikanta Das said. "Approach needs to cautious, but proactive". Stay tu
RBI monetary Policy: As the central bank keeps the repo rate unchanged at 4 per cent, here is what the industry experts has to say
In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent
The governor of a central bank must be trusted to act in good faith by the government of the day
Inflation is soaring, but the RBI had refrained from raising interest rates. Will this week's policy meeting be any different? Find out what the markets expect from governor Shaktikanta Das
Expectations are for the RBI to revive open-market operations or resort to Operation Twists, wherein it buys longer bonds and sells shorter-dated notes, to support the market amid record debt supply