Wed, Dec 05, 2018
However, a majority of analysts are predicting that RBI will stick with the status quo in this policy. Some analysts have not ruled out a rate hike either. India's policy repo rate stands at 6.50%.
Fri, Dec 15, 2017
The RBI rationalised the framework of Merchant Discount Rate (MDR) into three category for debit cards transaction.
Wed, Dec 06, 2017
"The Monetary Policy Committee (MPC) recognized that inflation remains firmly under control, retaining its inflation projection for the second half of FY 2018 and assessing that the risks to this projection are evenly balanced. For that reason, it has maintained a neutral policy stance," a Ministry statement said.
The department of Economic Affairs, Ministry of Finance, government of India along with RBI, monitor and regulate ECB guidelines and policies.
Performance debit card transaction at point of sales (POS) terminal has seen major boost after the announcement of demonetisation drive.
"We will also consider open market operations, in case a liquidity is required to be injected or absorbed on a durable basis," Acharya said.
RBI Governor Urjit Patel along with six-member Monetary Policy Committee (MPC) on Wednesday maintained status quo for the second time in a row during fifth-bi-monthly monetary policy of FY18.
Policy repo rate under the liquidity adjustment facility (LAF) continues to stand at 6%, while reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.
RBI kept repo rate unchanged at 6% in the last monetary policy meet with a neutral stance citing that rising consumer prices will threaten the trajectory for inflation.
Tue, Dec 05, 2017
In the last policy announcement, the monetary policy committee headed by RBI governor Urjit Patel kept repo rate unchanged at 6% with a neutral stance citing that rising consumer prices will threaten their trajectory for inflation.
Sun, Dec 03, 2017
The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet on December 5 and 6 for the Fifth Bi-monthly Monetary Policy Statement for 2017-18. The resolution of the MPC will be made public on December 6.
Price pressures has been relatively subdued in the early part of the calendar year, as weak demand conditions and demonetisation program weighed on inflation. However, going forward, Consumer Price Index (CPI) based inflation is expected to rise in a cyclical form, they said.
Market observers opined that other factors such as the rupee`s movement against the US dollar, global crude oil prices and further economic reforms will impact investors` risk-taking appetite.
Rating agency Icra said although the CPI inflation for October is lower than the range of 4.2-4.6% for the second half of FY18 that the MPC had forecast in its previous review, and the recent revision in GST rates would ease price pressures, certain inflation risks persist.
Wed, Nov 29, 2017
The results, from a poll of economists taken over the past week, also found there is a bigger risk the next move is a cut, even though forecasts diverge in three directions starting from the second quarter of next year.
Sun, Nov 26, 2017
Both deposit and lending rates probably have bottomed out and further tinkering in rates by banks unlikely in the immediate future, he said.
Fri, Oct 20, 2017
According to a Kotak Economic Research report, besides inflationary pressures, fiscal slippage concerns and possible volatility in global markets worried some MPC members.
Thu, Oct 19, 2017
Though the economy has bottomed out in the first quarter and retail inflation may stay under 3 per cent in October, since core inflation is likely to be above 4 per cent, we expect the rates to remain unchanged even in the December policy, said Japanese brokerage Nomura.
Thu, Oct 13, 2016
A Bloomberg poll predicts that retail inflation may have fallen to 4.60% in September 2016.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.