Dec 06, 2024, 3:55 pm IST
RBI MPC Live Updates: Mohit Goel, Managing Director, Omaxe Ltd.
"The RBI's decision to keep the repo rate unchanged provides much-needed stability, especially during the festive quarter, when demand for homes is typically at its peak. This stability in home loan rates is crucial for maintaining buyer confidence and ensuring predictable repayment terms, which, in turn, boosts investment in the real estate sector. We expect a stronger sales momentum in Q4 2024, driven by these favorable conditions. As property prices continue to rise, steady lending conditions become even more important in sustaining growth in the sector. This decision by the RBI plays a critical role in building the momentum we need to see in the real estate market."
Dec 06, 2024, 3:55 pm IST
RBI MPC Live Updates: N. K. Gupta, Chairman, Manglam Group
“For the real estate industry, stable rates are beneficial as they maintain affordability for potential homebuyers, helping to sustain demand and drive growth. In turn, this supports broader economic stability, especially with the sector contributing 7% to India’s GDP. As we move forward, we remain optimistic that the RBI's strategy will continue to build a favorable environment for both consumers and the economy at large."
Dec 06, 2024, 3:55 pm IST
RBI MPC Live Updates: N. K. Gupta, Chairman, Manglam Group
"The decision by the Reserve Bank of India to maintain the repo rate at 6.5% for the 11th consecutive time reflects the central bank’s cautious approach amidst ongoing inflationary concerns. This stability provides a degree of certainty for both homebuyers and the real estate sector, which thrives on predictable interest rates. However, if inflation continues to stay under control, we can expect a rate cut in the upcoming meetings, which would offer much-needed relief to borrowers and further stimulate the housing market.”
Dec 06, 2024, 3:54 pm IST
RBI MPC Live Updates: Aditya Kushwaha, CEO and Director, Axis Ecorp
"This decision comes at a time of heightened inflationary pressures, with a sharp rise in September and October 2024 straining household budgets. Despite these challenges, 2024 has been a landmark year for luxury housing, propelled by evolving aspirations, global lifestyle trends, and surging demand for expansive, well-equipped residences. This segment has shown remarkable resilience, outperforming others with sustained sales momentum. The RBI Governor’s assurance of a resilient growth outlook further bolsters confidence in the economy, setting the stage for continued success in the high-end real estate market."
Dec 06, 2024, 3:53 pm IST
RBI MPC Live Updates: Bajaj Broking Research Team
“The RBI's decision to retain the repo rate at 6.5% was widely expected and reflects a prudent, balanced approach to managing growth while keeping inflation within the tolerable range. The reduction of the Cash Reserve Ratio (CRR) by 50 basis points is an encouraging move, as it will inject significant liquidity into the banking system, enhance banks' lending capacity, and improve credit accessibility for individuals. Markets had already anticipated today's policy to be neutral, with a positive sentiment reflected yesterday.”
Dec 06, 2024, 3:53 pm IST
RBI MPC Live Updates: Amit Jain, Chairman & Managing Director Arkade Developers limited
"Mumbai's real estate has been on a growth streak for the last 11 months and this year it is likely, that Mumbai will cross the 1.5 lakh home sales mark overall. There has been a slight increase in November compared to last year at 10216 homes. Historically, November has been a slow month from a home sales standpoint where numbers flow between 5000 to 9,500, looking at 5-year data, thus, this year is also similar. Overall, we expect December to be better as families will be stepping into their new homes in the new year. We are also expecting NRI investments in Mumbai in December”
Dec 06, 2024, 3:53 pm IST
RBI MPC Live Updates: Sandeep Ahuja, CEO, Atmosphere Living
“In the luxury real estate segment, the unchanged interest rates are particularly favorable for high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs), who continue to see real estate as a reliable investment. Recent trends indicate a surge in the sales of ultra-luxury homes, reflecting the growing appetite for premium properties that combine lifestyle and long-term value. Reputed developers with a proven track record of quality construction and timely delivery are well-positioned to capitalize on this trend, catering to buyers who prioritize exclusivity and high standards.”
Dec 06, 2024, 3:52 pm IST
RBI MPC Live Updates: Sandeep Ahuja, CEO, Atmosphere Living
"The RBI's decision to maintain the repo rate is a significant boost for the real estate sector, ensuring stability in home loan interest rates and fostering confidence among both buyers and developers. For homebuyers, steady rates offer clarity and encourage more people, including those on the fence, to take the plunge into homeownership. For developers, stable borrowing costs mean better financial management and smoother project execution, helping to meet market demand efficiently.”
Dec 06, 2024, 3:52 pm IST
RBI MPC Live Updates: Gaurav Dua, SVP and Head, Capital Market Strategy, Mirae Asset Sharekhan
“Reserve Bank of India (RBI) has maintained status quo on interest rate but has announced measures to provide liquidity support through two cuts of 25 bps each in CRR to free up Rs 50,000 crore in the banking system ahead of the busy season. The central bank seems to be confident on improvement in the demand trend and industrial growth on the back of increase in government capex and a better rural demand. However, given the inflationary concerns, the goal post for next rate cut seem to have shifted to Feb 2025 now. We remain constructive on equity markets and prefer large caps over small caps and have a positive view on IT, real estate, banks, consumer, Pharma and engineering/capital goods sector.”
Dec 06, 2024, 3:50 pm IST
RBI MPC Live Updates: Nitin Bavisi, CFO, Ajmera Realty & Infra India Ltd
“The CRR cut is a big positive, it will help infuse over Rs 1.6 lakh crore into the system. Not only will it ease liquidity, but also reduce deposit and lending rates, albeit with a lag effect. Largely, we expect the rate easing cycle to start in H1CY25. Lower rates, ample system liquidity, and a strong pipeline of new projects in 2025 will be a big positive for the sector. The RBI has set the path for growth, now the industry will wait for the FM to deliver in the Union Budget in February 2025.”
Dec 06, 2024, 3:50 pm IST
RBI MPC Live Updates: Nitin Bavisi, CFO, Ajmera Realty & Infra India Ltd
“As expected the MPC kept the benchmark rates and policy stance unchanged. The step is the right thing at this point, while the street was expecting a rate cut given the slowdown in credit demand and economic growth rate. The RBI may want to see the economic situation for another quarter, before reacting in February. “
Dec 06, 2024, 3:49 pm IST
RBI MPC Live Updates: Poonam Tandon, Chief Investment Officer at IndiaFirst Life
“The RBI Policy has been very prudent and practical and as expected kept the repo rate unchanged. However, to address the liquidity issue the MPC has given a CRR cut of 50 bps which will infuse Rs 1.16 lakh crore. The deposit rates for banks should peak. Therefore, we could expect a better NIMs for the next quarter. The inflation has been revised higher to 4.8% and the GDP rate has been revised downwards to 6.2%, it is expected that the growth will improve in the Q4. The MPC has maintained a neutral stance. Therefore, the adverse inflation -GDP dynamics have kept the MPC on hold on interest rates which is for the best.”
Dec 06, 2024, 3:49 pm IST
RBI MPC Live Updates: Pankaj Sharma, CEO, Religare Finvest.
“From our perspective as a financial services provider, this liquidity injection is crucial. It will enhance banks' lending capacities, creating more opportunities for businesses seeking capital.
We remain optimistic as a sector. The RBI's measured response suggests a commitment to long-term economic stability. The potential for sustained growth remains robust, and we continue to support and look forward to policies that balance inflation control with economic expansion. Thereby insulating and propelling India to its vision of becoming the third largest economy.”
Dec 06, 2024, 3:48 pm IST
RBI MPC Live Updates: Pankaj Sharma, CEO, Religare Finvest.
“The Reserve Bank of India's (RBI) stance of maintaining the repo rate at 6.50% demonstrates a nuanced approach to our current economic challenges. While we would have welcomed a rate cut, we understand the delicate balancing act of managing inflation against economic growth-we recognize the RBI's cautious approach.
The current economic indicators present a complex landscape. With inflation rates climbing to 6.2% - significantly above the RBI's 4% target - and our GDP growth decelerating to 5.4% in the second quarter, we're navigating turbulent economic waters. The modest Cash Reserve Ratio (CRR) reduction from 4.5% to 4% is a strategic move that will inject approximately Rs 1.16 lakh crore into our financial ecosystem.”
Dec 06, 2024, 3:47 pm IST
RBI MPC Live Updates: Gaurav Kumar, Founder and CEO, Yubi Group,
“The best part?India’s financial sector is healthier than it’s been in years, as the RBI Governor rightly pointed out. This gives us a solid foundation to channel this liquidity effectively. However, for this to translate into real growth, the banking system must focus on responsible lending and ensure that the benefits reach sectors and borrowers that drive the economy forward. In the long run, such measures not only stimulate economic activity but also build trust in the financial ecosystem. More money flowing into the hands of borrowers means more businesses hiring, more consumption, and a stronger foundation for growth. This is how lending becomes not just a financial transaction but a tool for nation-building.”
Dec 06, 2024, 3:46 pm IST
RBI MPC Live Updates: Gaurav Kumar, Founder and CEO, Yubi Group,
“The RBI’s decision to cut the CRR by 50 basis points is a timely and pragmatic move. At its core, this decision frees up Rs 1.16 lakh crore, giving banks more room to lend, invest, and essentially fuel economic activity. For businesses and individuals alike, this could mean greater access to credit at a time when it’s needed most. While the GDP growth slowdown to 5.4% is a concern, this liquidity injection is a step toward addressing it. Lending, in my view, acts as a lifeline for economic growth. It enables businesses to expand, entrepreneurs to realize their ambitions, and individuals to meet their financial needs. With more liquidity in the system, banks are better positioned to support these goals.”
Dec 06, 2024, 3:45 pm IST
RBI MPC Live Updates: Vinit Bolinjkar, Head of Research at Ventura Securities.
“The MPC decided to keep the benchmark repo rate unchanged at 6.5% for the 11th consecutive meeting, signaling a cautious stance on economic growth and inflation. In a bid to inject liquidity into the banking system, the MPC also slashed the Cash Reserve Ratio by 50 basis points to 4%, which will infuse ₹1.16 lakh crore into the system. Additionally, the RBI raised its CPI inflation target for FY25 to 4.8% from the earlier 4.5%, citing inflationary pressures, especially from food prices.”
Dec 06, 2024, 3:44 pm IST
RBI MPC Live Updates: Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
“The RBI’s December MPC decision reflects a delicate balancing act between addressing domestic liquidity challenges and managing external vulnerabilities. By maintaining the repo rate at 6.5% and implementing a 50 bps CRR cut to 4%, the central bank has infused ₹1.16 lakh crore into the banking system, directly targeting the acute liquidity deficit caused by rupee depreciation and capital outflows.”
Dec 06, 2024, 3:43 pm IST
RBI MPC Live Updates: Ms. Achala Jethmalani, Economist, RBL Bank
“Overlooking the recent data, given the growth-inflation outlook, RBI-MPC has struck the right chords. Giving what markets expected - a pause on Policy Rates and durable liquidity infusion. Given the inflationary pressures, the policy rates held steady with Repo rate at 6.50%. This time 2 of 6 members voted for a Repo Rate cut. If inflation moderates, we will see the first rate cut come through in February 2025. In the meantime, the Reserve Bank has lowered the reserve ratio by 0.50% which would infuse permanent liquidity to the tune of INR 1.16 lakh crore into the system over the course of next two fortnights. “
Dec 06, 2024, 3:40 pm IST
RBI MPC Live Updates: Dr. Bharath Supra, Associate Professor, Finance & Programme Chairperson, School of Business Management, NMIMS Navi Mumbai.
“ The RBI kept its flexibility by adopting a neutral posture, which enables it to react dynamically to changing macroeconomic conditions without assuring any direction. Fascinatingly, reducing the CRR puts an expected Rs.1.3 -- 1.5 lakh crore into the banking system; Particularly as the economy moves into the peak consumption and investment cycle, this action seeks to improve liquidity to help credit expansion.”
Dec 06, 2024, 3:39 pm IST
RBI MPC Live Updates:Dr. Niranjan Shastri, Associate Professor (Finance) at SBM - SVKM’s NMIMS
“ Indian economy is facing challenge of inflation on one hand and slow down signals on another hand. The RBI's decision to maintain the repo rate at 6.5% is a cautious approach considering sings of growing food inflation. However, to infuse more liquidity and thereby giving a push to growth is done through announcement of reduction in CRR in two tranches. While the rate hike pause aims to support economic growth, the focus remains on controlling inflation. The reduction in CRR will inject liquidity, potentially boosting credit and economic activity.”
Dec 06, 2024, 3:37 pm IST
RBI MPC Live Updates: Mayank Joshipura, Vice Dean, Research & Ph.D. Programme, Professor (Finance), NMIMS
“The 2nd quarter GDP growth of 5.4% signals widespread slowdown and that needs to be addressed by bold moves. Today, RBI has tried to improve banking system liquidity by cutting CRR by 0.5%. However only the repo rate cut going forward will bring down the cost of borrowing and EMIs and boost consumption and arrest the economic slowdown. Maybe better core inflation numbers going forward would allow the central bank to take measures that can put the economy back to high growth trajectory.”
Dec 06, 2024, 3:37 pm IST
RBI MPC Live Updates: Nishant Srivastava CEO Torus Wealth
“The RBI's decision to hold the repo rate at 6.5% signals a firm stance on inflation control, even as GDP growth forecasts for FY24 are trimmed to 6.3%. I feel the 50 bps CRR cut is set to inject ₹1 lakh crore into the banking system, bolstering liquidity. While equity flows may remain cautious short term, the additional liquidity could drive optimism in key sectors as markets anticipate a potential rate cut in early 2024.”
Dec 06, 2024, 3:36 pm IST
RBI MPC Live Updates:Jigar Trivedi, Senior Analyst,Reliance Securities
“MPC believes only with durable price stability can strong foundations be secured for high growth,” Governor Shaktikanta Das said in a live streamed address in Mumbai. The Reserve Bank of India's rate-setting panel has lowered India’s FY25 GDP growth forecast to 6.6% from 7.2%. India’s inflation has remained well above the RBI’s 4% target aim, with price gains accelerating to a 14-month high of 6.21% in October. Das had previously said a rate cut at this stage would be “very risky” and he was in no hurry to join the wave of easing by global policymakers. We are of the opinion that there will be a rate cut at the February policy meet.”
Dec 06, 2024, 3:26 pm IST
RBI MPC Live Updates: Bhavik Thankkar, CEO Abans Investment Managers
“While RBI policy today on Repo rate status quo and CRR cut of 50 bps has been on expected lines, RBI has increased the ceiling for offering FCNR (b) deposits (where NRIs can hold foreign currency deposits in India) by around 150 bps. This suggests that the RBI is thinking of strengthening the Dollar against the Rupee . In the last few weeks, appreciation in Dollar has resulted in weakening of Rupee (and also other major currencies) wherein RBI intervenes by selling USD and buying Rupee to maintain demand for Rupee.”
Dec 06, 2024, 3:07 pm IST
RBI MPC Live Updates: Abhishek Pandya, Research Analyst, StoxBox
“Though the RBI has taken the first step of pumping in sustained liquidity into the system through the CRR cut, we believe that a repo rate cut would have been a more appropriate measure to tackle a drastic 60 bps reduction in FY25 GDP forecast. Our sense is that the central bank was wary to initiate the rate cut as it would have been counterproductive to its fight to arrest the sticky inflation and the central bank saw some early signs of revival in the economy during the first two months of Q3FY25. We expect the RBI to initiate a 25 bps rate cut in the February 2025 policy meeting, with further room for a downward revision to GDP forecast. “
Dec 06, 2024, 2:39 pm IST
RBI MPC Live Updates: Anurag Mittal, Head of Fixed Income at UTI AMC
“The RBI did not let the temporary spike in inflation deviate from monetary easing. The CRR cut is constructive for liquidity and paves the way for rate cut in February once there is better clarity on inflation. We continue to expect 50-75 bps of rate cuts in this cycle and remain constructive on duration.”
Dec 06, 2024, 2:33 pm IST
RBI MPC Live Updates: Colin Shah, MD, Kama Jewelry
"The GDP growth projection for FY25 has been slashed to 6.6% from the earlier 7.2% indicating the effects of high food inflation. Going ahead, high food inflation in the domestic market and geopolitical tensions in the Middle East and between Russia-Ukraine will continue to remain a huge concern which could further lead to a slowdown in trade activities of gems and jewelry. However, continuation of neutral stance by RBI to support growth is a much-needed step which indicates a low-rate regime in sight."
Dec 06, 2024, 2:33 pm IST
RBI MPC Live Updates: Colin Shah, MD, Kama Jewelry
“RBI’s move to keep the repo rate unchanged at 6.5% for the 11th straight time is a step in the right direction. The central bank may want to monitor more economic indicators before deciding. The FY25 inflation is projected is hiked to 4.8%, which is a bit higher compared to the one projected in the last meeting. Nevertheless, it is still within the RBI tolerance band and is expected to start easing from Q4 of current FY25.”
Dec 06, 2024, 2:02 pm IST
RBI MPC Live Updates: Reaction
Umeshkumar Mehta, CIO, SAMCO Mutual Fund says, "The RBI has clearly prioritized currency stability amidst a global environment of rate cuts by major central banks. While signs of an economic slowdown are visible, the Governor has resisted pre-empting a rate cut, focusing instead on controlling inflation, which has breached the upper tolerance band driven by buoyant food prices. However, as global monetary easing continues, the steps taken by the RBI are likely to align with broader international central bank actions over time to maintain a stance in line with global monetary developments." RBI MPC Live Updates: Mr. Colin Shah, MD, Kama Jewelry on ‘RBI MPC Announcement’
“RBI’s move to keep the repo rate unchanged at 6.5% for the 11th straight time is a step in the right direction. The central bank may want to monitor more economic indicators before deciding. The FY25 inflation is projected is hiked to 4.8%, which is a bit higher compared to the one projected in the last meeting. Nevertheless, it is still within the RBI tolerance band and is expected to start easing from Q4 of current FY25.
The GDP growth projection for FY25 has been slashed to 6.6% from the earlier 7.2% indicating the effects of high food inflation. Going ahead, high food inflation in the domestic market and geopolitical tensions in the Middle East and between Russia-Ukraine will continue to remain a huge concern which could further lead to a slowdown in trade activities of gems and jewelry. However, continuation of neutral stance by RBI to support growth is a much-needed step which indicates a low-rate regime in sight."
Dec 06, 2024, 1:55 pm IST
RBI MPC Live Updates: Reactions
Ms. Anitha Rangan, Economist, Equirus says, “Prudence, Practicality and Timing suggests a wait and watch for policy rate. As widely expected, RBI has held its policy rate at 6.5%, while announcing a CRR cut of 50 bp in two tranches of 25 bp each over the next two fortnight, Doing this RBI has provided adequate liquidity and eased the short term borrowing, while keeping longer term well anchored. Alongside the growth outlook of 7.2% for FY25 has been taken down to 6.6%, with the recent slowdown in growth. Inflation outlook has however been revised upwards to 4.8% for FY25 from 4.5% with 4% reaching in Q2 of FY26.
The inflation-growth outlook equation with upward revision in inflation and downward growth revision with a positive tone for prospects. along with RBI’s cautious tone of “prudence, patience, practicality” suggests that RBI will not act on its policy rate soon. External factors take precedence and RBI will not relent soon on rates until there is some clarity on the extent of storm in the external world. RBI revising the interest rate ceiling by 200 bp upwards on FCNR(B) deposits suggests that RBI is worried on the vulnerability on the external front (on USDINR). Therefore policy rates on hold, don’t expect RBI to relent on rates before April ’25, if there is visibility on Q2 inflation trending towards 2% and some clarity on external side emerges, Recall CRR hike of 50 bp done in April 2022 is now reversed. But the policy hikes done from May-22 will take much longer to reverse and not fully. Don’t expect more than 50 bp for 2025. Be practical and patient, external sector needs more attention!"
Dec 06, 2024, 1:36 pm IST
RBI MPC Live Updates: Reactions
Anil Rego, Founder and Fund Manager at Right Horizons PMS says, “The MPC has decided to lower the CRR by 50 basis points, likely releasing approximately ₹1.10 lakh crore to ₹1.2 lakh crore of liquidity parked with the RBI. This surplus liquidity can be utilized by banks for lending, potentially stimulating economic growth, provided banks pass on the benefits of the cut to borrowers. Typically, a CRR reduction also enhances banks' net interest margins.
We anticipate rate cuts at the end of FY25 or at the beginning of FY26 since inflation has intensified. Typically, NBFCs are better positioned to benefit from cuts in rates as credit growth will improve followed by banks. Also, credit-sensitive sectors like auto and real estate will see higher demand.
Dec 06, 2024, 1:29 pm IST
RBI MPC Live Updates: Reaction
Nipa Bhuta, Head of Strategy at Ashar Group says, “The repo rate plays a significant role in shaping the direction of the real estate sector. An unchanged repo rate often makes home loans more affordable for buyers, thus stimulating demand for residential properties. This can benefit the market by increasing sales volumes and supporting price appreciation.
In Mumbai, the residential real estate market has been showing positive momentum. The region's unsold inventory is at a decade-low, and demand from end-users remains strong, bolstered by affordability, which continues to support market growth.
The Mumbai Metropolitan Region (MMR) is projected to maintain its leadership, with a modest price increase, especially in key residential areas, driven by ongoing infrastructure projects. The market's strong fundamentals, such as a low inventory-to-sales ratio, suggest continued growth for the sector. With future infrastructure developments like metro expansions and a continuous demand for housing, Mumbai's real estate sector could see a sustained upward trend, even into 2025 and beyond.”
Dec 06, 2024, 1:28 pm IST
RBI MPC Live Updates: Reactions
Dharmendra Raichura – VP & Head of Finance at Ashar Group says ,”The Reserve Bank of India's (RBI) decision to keep the repo rate unchanged significantly supports the business goals of the real estate sector and the dreams of homeowners. The real estate sector, ensuring stability in interest rates and fostering sustained growth in the housing market. This move is particularly welcome after recent market volatility, providing much-needed support to the sector.
A rate cut would have been a timely stimulus to revitalize consumer demand across various industries, ultimately boosting economic growth in the third quarter of FY 2025. The real estate industry has welcomed the RBI's decision, citing the importance of stability in interest rates for buyer confidence and sustained demand in the housing market. With the repo rate remaining unchanged at 6.5%, homebuyers and investors can expect a favorable borrowing environment, which is likely to drive growth in the sector “
Dec 06, 2024, 1:07 pm IST
RBI MPC Live Updates: Reactions
Vishal Jumani ,Joint Managing Director, Supreme Universal Says, "The RBI's decision to keep the repo rate unchanged is a great move for the real estate sector. As per the Knight Frank report, the sector currently valued at 3 billion and contributing 7.3% to India's GDP, we're optimistic about its future growth prospects. Our projections indicate that the sector will increase to Rs 5.8 trillion by 2047, accounting for 15.5% of India's economic output, making this stability in interest rates a timely and welcome move. This stability in interest rates is particularly beneficial for high-value markets like Mumbai and Pune.
With steady interest rates, buyer confidence will likely increase, driving steady demand and supporting sector growth. Moreover, the positive correlation between tax relief measures and high-end property sales is expected to persist. The combination of stable interest rates and reduced stamp duty will continue to drive sales of properties. This favorable environment will benefit both developers and homebuyers, ultimately fostering growth in the real estate sector."
Dec 06, 2024, 1:01 pm IST
RBI MPC Live Updates: Press Conference: Governor Das Says
Huge Response Observed in RBI 90 Quiz announced By the Bank
Dec 06, 2024, 12:53 pm IST
RBI MPC Live Updates: Press Conference: Governor Das says
Our forex reserves are strong. The focus is not on the spillover it is an essential part of Reserve Bank policy to build , micro economic stability and and financial stability of the domestic system
Dec 06, 2024, 12:50 pm IST
RBI MPC Live Updates: Press Conference: Governor Das on CRR Rate cuts
What banks do with CRR money is their call
Dec 06, 2024, 12:46 pm IST
RBI MPC Live Updates: Press Conference: Governor Das on February Rate cut expectation
I have not indicated anything on future cycle of interests rates
Dec 06, 2024, 12:43 pm IST
RBI MPC Live Updates: Press Conference: Governor Das on RBI Podcast
Podcasts have great viewership especially among youngsters, so we are trying to stay ahead of the curve
Dec 06, 2024, 12:42 pm IST
RBI MPC Live Updates: Press Conference: Deputy governor Rjeswar Rao on investment in subsidiaries on business and banks
We are waiting for forms on business circular and that will guide us in the way we look at investments further
Dec 06, 2024, 12:38 pm IST
RBI MPC Live Updates: Press Conference: Governor on What prompted the FCNR B measure?
These measures are intended to enhance the capital flows and have been clearly articulated in the circular. ShaktiKanta Das further added, “It's a temporary measure which is there till 31st March”
Dec 06, 2024, 12:33 pm IST
RBI MPC Live Updates: Press Conference: Governor Das Says
We don't make monetary policy keeping in mind the balance sheet requirements of the bank . monetary polices are governed by growth inflation dynamics
Dec 06, 2024, 12:30 pm IST
RBI MPC Live Updates: Press Conference: Deputy Governor Michael Patra says
Manufacturing is the main issue in the supply side
Dec 06, 2024, 12:25 pm IST
RBI MPC Live Updates: Press Conference: Governor says
Food inflation may linger In Q3 and ease in Q4
Dec 06, 2024, 12:23 pm IST
RBI MPC Live Updates: Press Conference:
Governor says, ”We expect tight liquidity in the next few months, Reasons being tax related outflow from the system and GST.”
Dec 06, 2024, 12:20 pm IST
RBI MPC Live Updates: Press Conference: Governor on Boosting Supply side
“We are regularly in Discussion with the government regarding inflation and supply side. We should not ignore food inflation, Headline inflation is our target, We are always following the law
Dec 06, 2024, 12:18 pm IST
RBI MPC Live Updates: Press Conference:
Governor says, In the life of the central bank there is no room for knee jerk reaction, we need more credible evidence with regard to how the outlook is likely based on that asset. The effort is always to take action in time. Our effort has always been to remain in line with the curve never fall behind the curve and we are maintaining the trend.
Dec 06, 2024, 12:12 pm IST
RBI MPC Live Updates: Press Conference: Governor says
Governor makes five observation:
The MPC remains commit to retrosing the balance between inflation and growth
RBI will use its various policy instruments to create condition for storing inflation growth balance
The credibility of the inflation target need to be preserved
Inflation has to be brought down in the interest of sustainable growth
Prudence, practicality and timing will continue to be the guiding principle of RBI future actions.
Dec 06, 2024, 11:58 am IST
Robin Arya, Smallcase Manager and Founder, GoalFi reacts on RBI MPC Decisions
“The RBI Monetary Policy Committee (MPC) announced its decision to maintain the repo rate at 6.5%, emphasizing the need to balance inflation control and growth. The MPC’s statement highlighted a revised FY25 inflation forecast of 4.8% (up from 4.5%), driven by elevated food prices, particularly vegetables, which surged 42% year-on-year in October. Retail inflation in October reached 6.21%, breaching the central bank’s target range.
To address liquidity concerns, the MPC announced a 50 basis points (bps) reduction in the Cash Reserve Ratio (CRR), releasing ₹1.16 lakh crore into the banking system. This move aims to support credit growth while maintaining a neutral monetary stance. The MPC’s decision reflects a delicate balancing act. By tackling inflationary pressures without cutting the repo rate, the RBI signals a cautious yet supportive stance for growth. Liquidity measures like the CRR cut will provide a lifeline for banks to drive lending. Banks, NBFCs, real estate, auto, consumer durables, and infrastructure sectors stand to gain directly from the RBI’s accommodative measures and liquidity infusion. Investors may consider these sectors for potential growth opportunities in the near term.”
Dec 06, 2024, 11:43 am IST
Mohit Khanna, Fund Manager at Purnartha says RBI would have to take a more focused balancing act between inflation & GDP growth
Today’s RBI MPC statement was largely on our expected lines. The MPC’s 4:2 decision in favor of keeping the Repo rate unchanged highlights the fact that inflation-fighting remains RBI’s top priority. While RBI is expecting inflation to go below its 4.0% tolerance band only in 2QFY26, the GDP growth is expected to improve sequentially this and the next quarter. In my sense, we are heading to a situation where RBI would have to take a more focused balancing act between inflation & GDP growth in the upcoming MPC meetings. The Governor also pointed out that the high frequency indicators are pointing to resumption of GDP growth post 2QFY25 downward tick. In respite to the Banking industry, RBI also decided to cut CRR (Cash reserve ratio) by 25bps in two tranches that will be completed by Dec’24 end. The CRR cut is expected to release ~Rs. 1.16 lakh crore liquidity into the Banking system. This will help banks to lower the cost of borrowing and should arrest the falling credit growth
Dec 06, 2024, 11:34 am IST
RBI MPC Live Updates: Divam Sharma, Founder and Fund Manager at Green Portfolio states RBI decisions are proactive and responsive and our economy is in a comfortable zone.
Increased inflation, subdued consumption, and evolving macro situation is resulting in a tricky situation for the monetary policy decision. The neutral stance is in line with our expectations. We do not believe that there would be more than 50 bps cut in 2025.
Reduction in CRR is a positive and should impact the banks positively and ensure liquidity in the system.
Barring some of the uncertainties that could evolve in macros, we believe that the financial system is stable, RBI decisions are proactive and responsive and our economy is in a comfortable zone. The markets should continue to benefit over the near term.
FPI inflows have been challenging and steps to support growth in FPI flows, specially from the NRI's will have a positive impact on the markets. We believe that as the transition happens in the US, the FPI's should increase flows to Indian markets.
Dec 06, 2024, 11:25 am IST
RBI MPC Live Updates: RBI’s neutral stance provides much-needed stability says Anirudh Garg- Partner and Fund Manager at Invasset PMS
The RBI’s decision to keep the repo rate unchanged at 6.5% for the eleventh straight meeting reflects a prudent and calculated approach in the current economic environment. As inflationary pressures persist, particularly in food prices, the central bank’s focus on price stability aligns with its commitment to maintaining economic resilience. The upward revision of the inflation forecast to 4.8% for FY25 indicates the RBI’s cautious optimism, acknowledging supply-side challenges while aiming to anchor expectations.
The projected GDP growth of 6.6% for FY25 signals underlying strength in the economy, supported by a recovery in high-frequency indicators and sustained demand across key sectors. The CRR reduction, releasing ₹1.16 lakh crore into the banking system, is a welcome move to boost liquidity and support credit growth, especially for sectors such as infrastructure and housing.
From an investment perspective, the RBI’s neutral stance provides much-needed stability. For fund managers, this is an opportune moment to focus on sectors poised to benefit from sustained domestic demand and India’s long-term growth trajectory. While global headwinds remain a concern, India’s strong macroeconomic fundamentals and policy continuity offer a robust foundation for investors to navigate the current landscape with confidence.
Dec 06, 2024, 10:53 am IST
RBI MPC Live Updates: Highlights
The Monetary Policy Committee, led by Governor Shaktikanta Das, announced a 50-basis-point (bps) reduction in the Cash Reserve Ratio (CRR) to 4%. This move is expected to inject Rs 1.16 lakh crore into the financial system, according to the RBI Governor.
Dec 06, 2024, 10:52 am IST
RBI MPC Live Updates: Highlights
The Reserve Bank of India has proposed a new benchmark, the Secured Overnight Rupee Rate, based on all secured money market transactions, including overnight market repo and TREPS, to enhance transparency and efficiency in financial markets.
Dec 06, 2024, 10:52 am IST
RBI MPC Live Updates: Highlights
To address the issue of unclaimed deposits, RBI Governor Shaktikanta Das has instructed banks to segregate beneficiary accounts using Direct Benefit Transfers (DBT). The RBI will closely oversee the implementation of these measures to ensure compliance and effectiveness.
Dec 06, 2024, 10:52 am IST
RBI MPC Live Updates: Highlights
Reserve Bank of India Governor Shaktikanta Das announced an immediate increase in the interest rate ceilings on FCNR-B deposits, along with a hike in FCNR deposit rates. The decision is aimed at enhancing India’s appeal as a destination for foreign investments.
Dec 06, 2024, 10:51 am IST
RBI MPC Live Updates: Sensex & Nifty Highlights
The Indian stock market indices, Sensex and Nifty 50, reversed early losses to turn positive after RBI Governor Shaktikanta Das announced a 50-basis-point (bps) reduction in the Cash Reserve Ratio (CRR) to 4%. The RBI’s six-member Monetary Policy Committee (MPC), led by Governor Das, also decided to keep the benchmark repo rate steady at 6.5% for the eleventh consecutive meeting, maintaining a 'Neutral' monetary policy stance.
Dec 06, 2024, 10:43 am IST
RBI MPC Live Updates: Governor Says
RBI to permit small financial banks to also offer pre-sanctioned credit line on UPI
Dec 06, 2024, 10:42 am IST
RBI MPC Live Updates: Governor Says
AI model 'The Mule Hunter.AI' is developed by RBI-IH will help reduce digital frauds.
Dec 06, 2024, 10:41 am IST
RBI MPC Live Updates: Governor Says
RBI to recommend a framework for responsible and ethical enablement of Artificial intelligence in the financial sector.
Dec 06, 2024, 10:40 am IST
RBI MPC Live Updates: Governor Says
The service exports have sustained double-digit growth.
Dec 06, 2024, 10:40 am IST
RBI MPC Live Updates: Governor Says
India's merchandise exports expanded at a 28-month high pace in October.
Dec 06, 2024, 10:39 am IST
RBI MPC Live Updates: Governor Says
Limit on collateral-free farm loans raised to Rs 2 lakh per borrower.
Dec 06, 2024, 10:38 am IST
RBI MPC Live Updates: Governor Says
We plan to add podcasts to TBI's communication toolkit.
Dec 06, 2024, 10:37 am IST
RBI MPC Live Updates: Governor Says
Introducing Secured Overnight Rupee Rate (SORR) to further develop interest rate derivative market in India
Dec 06, 2024, 10:36 am IST
RBI MPC Live Updates: Governor Says
Q2FY26 GDP growth estimate at 7.3%.
Dec 06, 2024, 10:36 am IST
RBI MPC Live Updates: Governor Says
Q1FY26 GDP growth estimate revised to 6.9% from 7.3% earlier.
Dec 06, 2024, 10:36 am IST
RBI MPC Live Updates: Governor Says
Q4FY25 GDP growth estimate revised to 7.2% from 7.4% earlier.
Dec 06, 2024, 10:34 am IST
RBI MPC Live Updates: Governor Says
RBI will increase interest rate ceilings on FCNR deposits.
Dec 06, 2024, 10:30 am IST
RBI MPC Live Updates: Governor Says
The banks have been advised to take necessary actions urgently on unclaimed deposit accounts.
Dec 06, 2024, 10:28 am IST
RBI MPC Live Updates: Governor Says
We can now say with confidence that the health of the financial sector is at its best in many years.
Dec 06, 2024, 10:25 am IST
RBI MPC Live Updates: Governor Says
CRR cuts will lead to an infusion of Rs 1.16 lakh crore into the system.
Dec 06, 2024, 10:24 am IST
RBI MPC Live Updates: Governor Says
RBI cuts Cash Reserve Ratio (CRR) by 50 basis points from 4.5% to 4% for all banks.
Dec 06, 2024, 10:21 am IST
RBI MPC Live Updates: Governor Says
CPI inflation forecast for Q1FY26 revised upwards to 4.6% from 4.3% earlier.
Dec 06, 2024, 10:21 am IST
RBI MPC Live Updates: Governor Says
CPI inflation forecast for Q4FY25 revised upwards to 4.5% from 4.2% earlier.
Dec 06, 2024, 10:20 am IST
RBI MPC Live Updates: Governor Says
CPI inflation forecast for Q3FY25 revised upwards to 5.7% from 4.8% earlier.
Dec 06, 2024, 10:19 am IST
RBI MPC Live Updates: Governor Says
FY25 CPI inflation forecast revised to 4.8% from 4.5% earlier.
Dec 06, 2024, 10:18 am IST
RBI MPC Live Updates: Governor Says
Q3FY25 GDP growth estimate revised to 6.8% from 7.4% earlier.
Dec 06, 2024, 10:16 am IST
RBI MPC Live Updates: Governor Says
FY25 real GDP growth forecast changed to 6.6% from 7.2% earlier.
Dec 06, 2024, 10:15 am IST
RBI MPC Live Updates: Governor Says
Government capex is likely to pick up.
Dec 06, 2024, 10:15 am IST
RBI MPC Live Updates: Governor Says
There has been a recovery after slowdown in Q2FY25
Dec 06, 2024, 10:14 am IST
RBI MPC Live Updates: Governor Says
Some indicators suggest a slowdown in economic activity bottomed out in Q2.
Dec 06, 2024, 10:14 am IST
RBI MPC Live Updates: Governor Says
The GDP growth for Q2FY25 was much lower than anticipated.
Dec 06, 2024, 10:13 am IST
RBI MPC Live Updates: Governor Says
The MPC believes that only with durable price stability, we can secure a strong foundation for high growth.
Dec 06, 2024, 10:12 am IST
RBI MPC Live Updates: Governor Says
High inflation reduces disposable income in the hands of the consumers.
Dec 06, 2024, 10:11 am IST
RBI MPC Live Updates: Governor Says
Food inflation pressure is likely to linger around in Q3FY25 and will start easing in Q4FY25.
Dec 06, 2024, 10:10 am IST
RBI MPC Live Updates: Governor Says
Inflation has surged above the upper tolerance level of 6% in October 2024.
Dec 06, 2024, 10:10 am IST
RBI MPC Live Updates: Governor Says
RBI maintains a monetary policy stance of 'Neutral'.
Dec 06, 2024, 10:09 am IST
RBI MPC Live Updates: Governor Says
RBI keeps MSF and SDF rates unchanged at 6.75% and 6.25%, respectively.
Dec 06, 2024, 10:08 am IST
RBI MPC Live Updates: Governor Says
MPC voted by 4:2 majority to keep polity repo rate unchanged at 6.5%.
Dec 06, 2024, 10:07 am IST
RBI MPC Live Updates: Governor Says
RBI keeps repo rate unchanged at 6.5% for the 11th time in a row.
Dec 06, 2024, 10:07 am IST
RBI MPC Live Updates: Governor Says
The last mile of deflation is turning out to be prolonged for all the economies globally.
Dec 06, 2024, 10:05 am IST
RBI MPC Live Updates: Governor Says
The mandate given to the RBI is to maintain price stability while supporting growth.
Dec 06, 2024, 10:04 am IST
RBI MPC Live Updates: Governor Says
The effort is to follow the flexible inflation target framework.
Dec 06, 2024, 10:02 am IST
RBI MPC Live Updates
RBI Governor Shaktikanta Das starts his Monetary Policy speech.
Dec 06, 2024, 9:58 am IST
RBI MPC Live Updates: Kotak Mutual Fund
“An acute liquidity deficit has been present in the system since last month, which may aggravate the slowdown. Core liquidity has fallen from INR 4.8 bn in Sept’24 to INR 1.4 bn in Nov’24, largely on account of FX intervention. RBI may opt for alternative instruments to infuse liquidity into the system, such as OMO purchases or long term VRR.”
Dec 06, 2024, 9:58 am IST
RBI MPC Live Updates: Kotak Mutual Fund
“India’s Q2 FY25 GDP growth registered at 5.40%, falling below market expectations. Full year FY25 growth is likely to be around ~6.5%, 70 bps lower than the RBI’s estimate. Due to recent FII outflows and a strengthening dollar, the INR came under pressure. RBI’s intervention to smooth volatility resulted in a loss of FX reserves.”
Dec 06, 2024, 9:39 am IST
RBI MPC Live Updates: Emkay Global
“The massive GDP undershoot has meant that the policy trade-offs have become even more acute as the economy looks to be in a stagflationary state. Even as the RBI’s growth/inflation forecast will see significant downward/upward revisions, an immediate rate cut may not be easy for the MPC to justify, especially as their commentary has been assertive on durable disinflation being the primary mandate.:
“The pressure on convention easing is only going to mount as growth looks structurally pale. The timing and window of cuts is tricky and small amid fluid global dynamics, while the RBI may also want to weigh the FX cost of rate cuts (liquidity implication/sterilization cost, and imported inflation).”
“Non-conventional policy tools like liquidity easing could act as a good balancing act, with a CRR reversal to pre-Covid 4% level, implying an infusion of Rs1.2trn at a time when core liquidity may steadily move to a deficit ahead with unsterilized FX intervention and CIC leakages. We watch for easing regulatory-lending norms ahead to revitalize the waning credit offtake.”
Dec 06, 2024, 9:23 am IST
RBI MPC Live Updates: Stock market Open Mixed Ahead of Key RBI Announcements
On Friday, the Indian equity indices, Sensex and Nifty 50, opened on a mixed note, with market participants awaiting important updates from the RBI governor. As of around 9:30 AM, the BSE Sensex stood at 81,734.90, down by 31.32 points or 0.038%. Meanwhile, the Nifty 50 was at 24,693.55, lower by 14.85 points or 0.060%.
Dec 06, 2024, 9:21 am IST
RBI MPC Live Updates: Indian Rupee Opens Higher Against the Dollar
The Indian rupee opened 7 paise higher on Friday, trading at 84.66 per dollar, compared to its previous close of 84.73. The rupee's marginal strengthening against the US dollar, as market participants are closely watching the currency's movement, particularly amid ongoing developments in international markets and the domestic economic outlook.
Dec 06, 2024, 9:06 am IST
RBI MPC Live Updates: Care Edge Ratings
“Growing growth concerns increase the likelihood of a rate cut in the February policy meeting when inflation is projected to moderate. Additionally, we anticipate that the RBI will revise its growth and inflation projections and focus on liquidity management. Liquidity injections via variable rate repo auctions and OMO purchases are likely going ahead.”
Dec 06, 2024, 9:06 am IST
RBI MPC Live Updates: Care Edge Ratings
“Therefore, we expect the MPC to maintain the policy rate unchanged in this meeting, the governor’s statement expected to have a dovish undertone. The external situation remains volatile, and a policy rate cut at this juncture can accentuate pressure on the rupee. The governor would look to prepare the markets for a rate cut in the February policy meeting.”
Dec 06, 2024, 9:06 am IST
RBI MPC Live Updates: Care Edge Ratings
“While lower-than-expected growth figures support the case for some monetary policy support, the Monetary Policy Committee (MPC) will also remain mindful of the inflationary pressures. Given these evolving macroeconomic conditions, the MPC will likely aim to strike a balance between addressing concerns about slower growth and high inflation.”
Dec 06, 2024, 8:55 am IST
RBI MPC Live Updates: Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company
“RBI’s view on inflation control has been focussed upon taming the inflation in a more durable pattern so that economic growth can be more sustainable and broad-based after the rate cutting cycle starts and inflation is brought under control. The Q2 GDP growth numbers, going to be announced on 29th November, are likely to be less than the Q1 GDP growth numbers of 6.7%.”
Dec 06, 2024, 8:55 am IST
RBI MPC Live Updates: Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company
"The outcome of the next MPC meeting, scheduled between December (4 and 6), is being eagerly awaited to watch which way the MPC is going to take a decision on policy rates against the backdrop of CPI inflation rising beyond MPC’s target inflation band (of 2-6 %) and key heat map indicators signalling economic growth slowing down.”
Dec 06, 2024, 8:37 am IST
RBI MPC Live Updates
RBI Governor Shaktikanta Das will commence the RBI Monetary Policy Committee outcome speech at 10 am today. It will be followed by a press conference with all the MPC members at 12 noon today.
Dec 06, 2024, 8:31 am IST
RBI MPC Live Updates: Mandar Pitale, Head Treasury, SBM Bank India
“At the backdrop of shallow systemic liquidity, a significant drop in growth (GDP), lower government cash balances, RBI interventions in terms of offloading dollars in the market to maintain orderly conditions in USD INR movement; MPC, during its December meeting, may consider to infuse durable liquidity by phased reduction in CRR (25 basis points in 2 phases till the next FEB MPC meeting) to support growth through liquidity injection rather than considering a rate cut. MPC may also consider an option of infusing durable liquidity through OMO purchase.”
Dec 06, 2024, 8:17 am IST
RBI MPC Live Updates: Suresh Darak, Founder, Bondbazaar.
“The benchmark 10 yr G-sec though has gone down by ~10 bps since the GDP data, signalling that a section of the market believes that the RBI may just give in on the rate cut. It will be interesting to see RBI yet again doing the balancing act this week"
Dec 06, 2024, 8:17 am IST
RBI MPC Live Updates: Suresh Darak, Founder, Bondbazaar.
"In the last MPC meeting in October, RBI had held rates but changed its stance to “neutral” led by cooling of inflation at that point. The recent data points on higher inflation of 6.21% in Oct & lower GDP growth of 5.4% in Q2 puts RBI in a tricky position, acting as a dampener to hopes of a rate cut. While pressure would mount on the RBI to cut rates for boosting growth, the recent higher inflation along with the weakening of the INR against the dollar over the last couple of weeks would also play on the MPC’s mind, and may hold them back.”
Dec 06, 2024, 6:04 am IST
RBI Monetary Policy Live Updates: How Banking Stocks Will Be Influenced?
Gaurav Garg, Research Analyst at Lemonn Markets Desk: The market is expecting a rate cut, driving momentum in PSU banks, private banks, and financial services in recent days amid speculation. However, any deviation from these expectations could potentially disrupt sector's momentum. The RBI, on the other hand, may choose to delay rate cuts to ensure inflation aligns more comfortably with its target levels, prioritizing economic stability over immediate market sentiments.
Dec 06, 2024, 6:02 am IST
RBI Policy Live Updates: Real Estate Sector's Wish From MPC
Ramani Sastri - Chairman & MD, Sterling Developers: The repo rate plays a crucial role in determining home loan interest rates and hence, in this context, it is an extremely sensitive factor in the housing market. The RBI should consider reducing rates in the upcoming monetary policy as it will further boost investment in the real estate sector. We definitely hope to see lower interest rates which will provide further impetus to not just real estate and housing demand but across industries and economic growth. As India's economy continues to grow, there is no hesitation among the homebuyers to invest in residential real estate for long-term returns, providing appealing prospects for both first-time buyers and seasoned investors. Also, owing to landmark infrastructure projects by the government, the real estate market has been experiencing tremendous growth and development, gaining investor confidence across all asset classes. Building on the strong sales performance observed throughout the year, the housing market is well-positioned for continued progress. We believe that the sustained demand will further solidify the sector’s upward trajectory well into 2025, cementing the Indian real estate market as a key driver of economic growth.
Dec 06, 2024, 6:01 am IST
RBI Live Updates: A Rate Cut Today Could Lead To Asset Bubble?
Ajit Banerjee President & Chief Investment Officer, Shriram Life Insurance Company: Our in-house view is RBI would main status quo on the policy rates in the coming MPC meeting but would give clear indication in the governor’s post-policy statement on the path the MPC would like to take on the policy rates going forward. We are also seeing huge stress on the MFI segment and the financially less endowed urban population, who are highly leveraged now. At this stage, if the rate cutting is done and guards are held loose, a larger asset bubble can get created. Apart from that, the RBI would also like to see trade and monetary policy with the new government in the US, what would they adopt, and what can be the potential ramifications for India and decide its course of action if felt necessary.
Dec 06, 2024, 5:59 am IST
MPC Live Updates: Probability Of Rate Cut On December 6
Harsimran Sahni, Executive Vice President & Head - Treasury, Anand Rathi Global Finance: Considering the GDP data, which missed its projection for the second consecutive quarter. The pressure is built, however, the inflation data also saw a sudden increase (both CPI and Core CPI). The increase in inflation may very well be a seasonal pattern, but Governor Das has consistently emphasized the threat that inflation could pose for the economy if left untamed. Nevertheless, we understand significance of the GDP data which came well below expectation. Therefore, the probability of a rate cut in dec policy is as equal as a flip of a coin.
Dec 06, 2024, 5:57 am IST
Monetary Policy Live Updates: When Is Right Time For Rate Cut If Not Today?
JM Financial: The MPC has a tough task on hand: managing inflation while supporting growth. While the absence of a meaningful pickup in economic activity would call for policy easing, stubborn inflationary pressures would warrant the necessary policy restraint, even though supply side measures are more appropriate to tackle food inflation. The RBI is expected to lower its optimistic growth expectations by ~40 bps to realistic levels of 6.8% for FY25. The central bank is likely to address growth concerns through the liquidity route, mainly through Open Market Operations and variable repo operations. We believe Feb’25 would be the right time for policy easing through rate action. With the markets expecting RBI Governor Shaktikanta Das’s tenure to be extended, price stability will continue to take centre stage.
Dec 06, 2024, 5:56 am IST
RBI MPC Live Updates: Hopes Of CRR Cut
Shishir Baijal, Chairman and Managing Director, Knight Frank India: While a rate cut is not expected, the RBI might shift its attention towards boosting economic growth. To address the current liquidity deficit in the banking system, the central bank could consider lowering the Cash Reserve Ratio (CRR). This step would help increase the money available for lending, ensuring sufficient credit flow to key sectors and supporting financial stability.
Dec 05, 2024, 5:12 pm IST
RBI Policy Expectations: ICICI Direct
"Indian 10-year bond yields have declined 10 basis points following weaker-than-expected GDP growth data last week. It is expected that the Reserve Bank of India may adopt a more accommodative stance to counter slowing economic momentum in its upcoming monetary policy decision on Friday."
Dec 05, 2024, 4:25 pm IST
Madan Sabnavis, Chief Economist, Bank of Baroda
"The uncertain global environment and recent inflation trends (averaging 5.9% in the last two months) suggest that the RBI is likely to maintain the current repo rate. There could be a change in RBI projections for both inflation and GDP as inflation has been higher so far than the RBI forecast for Q3 and GDP growth is expected to be lower in Q2."
Dec 05, 2024, 4:24 pm IST
RBI Policy Expectations: Kirang Gandhi, Personal Financial Mentor
"I predict a 50-75 bps rally and advise shifting toward these funds for those looking to maximize returns. For investors anticipating a low-interest-rate environment in 2025, gradually increasing allocations to long-duration funds could be a strategic move now. With the MPC decision just around the corner, this could be the perfect time to capitalize on the potential for stronger returns and optimize your portfolio in line with the expected shift in monetary policy."
Click it and Unblock the Notifications
Sign in with Google