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WPI Inflation In Negative For 4 Months In Row, Contracts To 1.36% In July 2023

India's wholesale price index (WPI) inflation contracted to 1.36% in July 2023. This would become the fourth straight month where WPI has stayed in negative territory. In the previous month, WPI deflated to 4.12%. The fall in inflation is due to ...

Monetary Policy: RBI Keeps Interest Rates Unchanged At 6.5%

The Reserve Bank of India (RBI) today left repo rates unchanged at 6.50%, largely in line with expectations. Repo rates are interest rates charged by the Reserve Bank of India when lending to banks in the country - a tool that ...

RBI Monetary Policy: Repo Rates Unchanged In A Surprise Move

The Reserve Bank of India (RBI) today kept the repo rates on hold, with "a readiness to act". This was largely against expectations of a 25 basis points hike by economists and analysts. The repo rate is the rate at which ...

Realtors' Body Credai Urges 'RBI' Not To Hike Repo Rates; Any Rise In Borrowing Cost May Hit Housing Sales

Realtors' apex body Credai on Thursday requested the RBI not to increase the repo rate in the upcoming monetary policy as this would raise the borrowing cost of builders and customers, impacting housing sales. With retail inflation remaining above the comfort ...

RBI Monetary Policy: GDP Growth Projected At 6.8% For 2022-23

The Reserve Bank of India has projected GDP growth at 6.8% for 2022-23. Going into Q3:2022-23, economic activity continued to gain strength in October. "Urban consumption firmed up further, driven by sustained recovery in discretionary spending, especially on services such as ...

Fixed Deposit Holders Can Cheer Again, As RBI Hikes Interest Rates Once More

The last few monetary policy announcements have largely been helpful for fixed deposit holders who were getting very poor interest rates. Fixed deposit holders, who largely depended on fixed interest for sustenance have something to cheer about as deposit interest rates ...

RBI Monetary Policy: Professional Forecasters See Inflation Falling Sharply To 5%

Professional Forecasters surveyed by the Reserve Bank in September 2022 expect CPI inflation to soften from 7.3 per cent in Q1:2022-23, to 6.0 per cent in Q4, and 4.9-5.0 per cent in H1:2023-24. "Long-run inflation expectations of professional forecasters ...

RBI Hikes Repo Rates By 50 Basis Points, Loans To Get Costlier

The Reserve Bank's rate-setting panel -- Monetary Policy Committee - which began its meeting on Aug 3 for three days raised the repo rates, or rates at which the RBI lends money to banks by 50 basis points. The repo rate ...

June Monetary Policy Is Super Live, Brace For 25-50 Basis Points Hike, Emkay Global

June policy is super live... brace for 25-50bps hike, Emkay Global has said in a report, post the MPC Minutes were released. "The triple whammy of commodity-price shocks, supply-chain shocks and resilient growth, has shifted the reaction function in favor of ...

RBI Hikes Repo Rates By 40 Basis Points, Interest Rates Set To Move Higher

In what was a surprise move and not a part of the scheduled RBI meet, the Reserve Bank of India today hiked the repo rate by 40 basis points to 4.40%. The repo rate are rates at which the country's central ...

RBI Stays Cautious, Keeps Policy Rates On Hold In December 2021 Policy

The Reserve Bank of India as was largely expected kept policy rates, including the reverse repo rate on hold. The expectations from the country's central bank was to keep policy rates on hold and so it was. While there were some ...

RBI Policy Decision On Expected Lines: Experts

The status quo on policy rates and an accommodative policy were largely on expected lines say experts. Says Nish Bhatt, Founder & CEO, Millwood Kane International - an investment consulting firm,"The status quo on key rates and the Accommodative policy stance ...

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