October 8, 2024, 06:03 PM - 4 min read
After 14 meetings of unchanged rates, the Reserve Bank of India's Monetary Policy Committee may ease policy due to falling inflation, the US Federal Reserve's rate cuts, and signs of slowing domestic growth, with expectations of a "neutral" stance and a 50 basis point cut by December.
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October 5, 2024, 04:21 PM - 3 min read
The Reserve Bank of India (RBI) will shift its monetary stance to 'neutral' from current 'withdrawal of accommodation' in credit policy this month, and is likely to maintain the repo rate at 6.5 per cent in its upcoming sitting.
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August 8, 2024, 01:20 PM - 2 min read
The RBI proposed creating a public repository of digital lending apps to combat unauthorised players and introduced 'Delegated Payments' in UPI, allowing users to delegate UPI transactions. They also increased the UPI tax payment limit to Rs 5 lakh and plan to speed up cheque clearing by moving to continuous clearing, reducing the cycle to hours.
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June 6, 2024, 08:11 PM - 2 min read
RBI Governor Shaktikanta Das is expected to maintain the repo rate at 6.5% amid inflation concerns, despite other central banks cutting rates. The Monetary Policy Committee's decision, influenced by ongoing economic growth, will be announced after deliberations concluding Friday morning.
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April 22, 2024, 08:57 AM - 2 min read
Goyal highlighted the tendency of banks to offer better interest rates for bulk corporate deposits, neglecting retail deposits that contribute significantly to long-term liquidity.
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April 5, 2024, 11:40 AM - 2 min read
The impact may vary slightly depending on whether your home loan is on a fixed or floating interest rate. Fixed rates are not directly affected by repo rate changes during the fixed period. However, floating rates tend to adjust with changes in the repo rate.
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April 3, 2024, 06:20 PM - 2 min read
Headed by RBI Governor Shaktikanta Das, the six-member panel is set to address key concerns, with a predominant focus on inflation control amidst subsiding worries over economic growth. The policy stance, is dubbed as a 'withdrawal of accommodation'.
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April 1, 2024, 04:57 PM - 2 min read
Optimism prevails, with forecasts indicating strong growth in fiscal year 2024. Finance Minister Nirmala Sitharaman anticipates robust growth in the fourth quarter, potentially propelling GDP growth for the entire fiscal year to 8% or higher.
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March 30, 2024, 03:01 PM - 2 min read
Santanu Sengupta, Chief India Economist at Goldman Sachs India, emphasized the importance of inflation trends, stating, “With 1HCY24 headline inflation still above the RBI’s target, we maintain our view that the RBI will keep the policy repo rate unchanged at 6.5 per cent at the April 5 meeting."
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March 27, 2024, 07:07 PM - 2 min read
Between May 2022 and February 2023, the RBI implemented a series of interest rate hikes totaling 250 basis points. However, it has since maintained a policy status quo. The MPC, responsible for setting the benchmark interest rate, convenes at least four times a year.
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February 8, 2024, 01:27 PM - 2 min read
The decision, made by RBI's Monetary Policy Committee (MPC), saw the S&P BSE Sensex nosedive by 584.53 points to 71,567.47, and the NSE Nifty50 drop by 164.40 points to 21,766.10 at 11:30 am.
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February 8, 2024, 11:18 AM - 2 min read
The MPC's decision comes with a focus on analyzing the current economic conditions and future outlook. Das announced the policy decision ahead of a press conference to be held at 12 pm, where he reiterated the central bank's commitment to maintaining financial stability.
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