Mid-quarter Monetary Policy

Bank of America Merrill Lynch (BofA-ML) on Thursday warned of a rising risk of El Nino and said in case it kicks in, the Reserve Bank of India (RBI) will be unable to achieve its glided path for the consumer price index-based inflation.

Even after a positive surprise on the retail inflation front, analysts on Thursday said they expect Reserve Bank of India Governor Raghuram Rajan to hold key rates in the forthcoming policy announcement on April 1.

In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.

The assessment comes a day after the apex bank kept repo, or short-term lending rate, unchanged at 7.75 per cent at its mid-quarter review of monetary policy meet. The next policy review is due on January 28.

The central bank will tomorrow hold its mid-quarter review of the monetary policy, where it is widely expected to hike key interest rates.

Reserve Bank of India (RBI) Governor Raghuram Rajan may not have been expecting a pointed question on onion prices during the press interaction post the central banks second quarter monetary policy review, where it hiked repo rate- the rate at which it lends short term money to banks by 0.25 per cent, but the question did come up.

Foreign brokerage HSBC has said it expects Reserve Bank of India Governor Raghuram Rajan to deliver on his promise to anchor inflationary expectations by hiking the repo rate by 0.25 per cent and cutting the marginal standing facility (MSF) rate by an equal measure in the apex bank's next monetary policy review on Tuesday, November 29.

Central banks risk sparking new crises by keeping their loose policy in place for too long, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Thursday.

The Reserve Bank of India (RBI) is likely to increase the short-term lending (repo) rate by 0.5 per cent by December in a bid to anchor inflationary expectations, according to a report by DBS Bank.

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.

The surprise rate hike and liquidity boost by Reserve Bank of India Governor Raghuram Rajan in his maiden mid-quarterly monetary policy left analysts and economists divided with a section terming the moves as "growth-supportive", while others saying he has left the market confused and further dampened the already anaemic growth.

Ahead of the mid-quarter monetary policy review by the Reserve Bank of India on Friday, the Finance Ministry has expressed hope that the apex bank will focus on promoting growth.

The US Federal Reserve's decision to press ahead with its asset-buying gives India's battered rupee a reprieve and creates space at a policy review on Friday for the Reserve Bank of India (RBI) to scale back some of the measures put in place to support the currency.

Dr Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.

Ahead of the mid-quarter review of monetary policy on June 17, State Bank of India (SBI) has said if the Reserve Bank of India (RBI) cannot reduce the cash reserve ratio (CRR), which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority.

Bank of America Merrill Lynch (BofA-ML) on Thursday warned of a rising risk of El Nino and said in case it kicks in, the Reserve Bank of India (RBI) will be unable to achieve its glided path for the consumer price index-based inflation.

Even after a positive surprise on the retail inflation front, analysts on Thursday said they expect Reserve Bank of India Governor Raghuram Rajan to hold key rates in the forthcoming policy announcement on April 1.

In the mid-quarter monetary policy review last month, RBI Governor Raghuram Rajan had left the key policy rate unchanged, after raising it 50 bps in two instalments since he took over on September 4, saying he was waiting for more data clarity.

The assessment comes a day after the apex bank kept repo, or short-term lending rate, unchanged at 7.75 per cent at its mid-quarter review of monetary policy meet. The next policy review is due on January 28.

The central bank will tomorrow hold its mid-quarter review of the monetary policy, where it is widely expected to hike key interest rates.

Reserve Bank of India (RBI) Governor Raghuram Rajan may not have been expecting a pointed question on onion prices during the press interaction post the central banks second quarter monetary policy review, where it hiked repo rate- the rate at which it lends short term money to banks by 0.25 per cent, but the question did come up.

Foreign brokerage HSBC has said it expects Reserve Bank of India Governor Raghuram Rajan to deliver on his promise to anchor inflationary expectations by hiking the repo rate by 0.25 per cent and cutting the marginal standing facility (MSF) rate by an equal measure in the apex bank's next monetary policy review on Tuesday, November 29.

Central banks risk sparking new crises by keeping their loose policy in place for too long, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Thursday.

The Reserve Bank of India (RBI) is likely to increase the short-term lending (repo) rate by 0.5 per cent by December in a bid to anchor inflationary expectations, according to a report by DBS Bank.

Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said the recent rally in the rupee is comforting but the currency has not yet achieved stability which will only be reached when he stops keeping a "minute-by-minute" track of the unit.

The surprise rate hike and liquidity boost by Reserve Bank of India Governor Raghuram Rajan in his maiden mid-quarterly monetary policy left analysts and economists divided with a section terming the moves as "growth-supportive", while others saying he has left the market confused and further dampened the already anaemic growth.

Ahead of the mid-quarter monetary policy review by the Reserve Bank of India on Friday, the Finance Ministry has expressed hope that the apex bank will focus on promoting growth.

The US Federal Reserve's decision to press ahead with its asset-buying gives India's battered rupee a reprieve and creates space at a policy review on Friday for the Reserve Bank of India (RBI) to scale back some of the measures put in place to support the currency.

Dr Rajan, who took over as RBI Governor on September 4, is scheduled to unveil on Friday mid-quarter monetary policy review, an event keenly awaited by industry and banks.

Ahead of the mid-quarter review of monetary policy on June 17, State Bank of India (SBI) has said if the Reserve Bank of India (RBI) cannot reduce the cash reserve ratio (CRR), which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority.