Rbi Monetary Policy

Government Appoints Career Central Banker Michael Patra As Deputy Governor

Business | Anirban Nag, Bloomberg | Tuesday January 14, 2020

A career central banker, 59-year-old Mr Patra is currently executive director in charge of the RBI's research department and has a seat on the six-member Monetary Policy Committee.

Rupee Ends Higher At 71.29 Against Dollar After RBI Policy Announcement

Business | Edited by Anshul (with inputs from PTI) | Thursday December 5, 2019

The rupee strengthened by 24 paise to settle at 71.29 against the dollar on Thursday after the RBI promised to continue with "accommodative" stance in its monetary policy. The central bank, however, decided to keep key interest rate unchanged in its fifth bi-monthly monetary policy for the ongoing financial year. The rupee traded on a flat note for...

Satisfied With Pace Of Monetary Transmission: Reserve Bank Governor Shaktikanta Das

Business | Press Trust of India | Thursday December 5, 2019

Reserve Bank Governor Shaktikanta Das further said that monetary transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan pricing to the external benchmark system, which has been adopted by banks now.

RBI Raises Inflation Projection For Second Half Of 2019-20

Business | Press Trust of India | Thursday December 5, 2019

The central bank had earlier estimated headline inflation at 3.5-3.7 per cent for the second half of the ongoing fiscal.

RBI Likely To Cut Key Lending Rates By 0.25%: Poll

Business | Reuters | Tuesday December 3, 2019

Annual retail inflation rose to 4.62% last month, climbing above 4% for the first time in 15 months and up from 3.99% in September.

RBI May Cut Interest Rates Again To Support Growth: Experts

Business | Press Trust of India | Sunday December 1, 2019

In five reductions so far in 2019, interest rates have been lowered by a total of 135 basis points over concerns that growth momentum is slowing down and also to try to boost liquidity in the financial system.

RBI Signals Scope For More Rate Cuts To Push Growth

Business | Reuters | Friday October 18, 2019

Retail inflation rose close to the central bank's medium-term target of 4 per cent in September for the first time in 14 months but is expected to remain well within the mandated 2-6 per cent band until first quarter of 2020-21 as per RBI projections.

Next Monetary Policy Meet May Take Call On Lower Repo Rate: Shaktikanta Das

Business | Indo-Asian News Service | Tuesday October 8, 2019

The Governor was responding to queries that if the RBI may reach near about 5 and 4.75 per cent, which is historically low, there is no space to go beyond that.

RBI's Rate Cut Will Help If Banks Pass On Benefits To Businesses: India Inc

Business | Reported by Sukirti Dwivedi | Saturday October 5, 2019

RBI rate cut: This year alone the RBI has cut rates by 1.1 percentage point while banks have passed on an average of only 0.29% to customers, industrialists said.

No Reason To Doubt Government Commitment On Fiscal Targets: RBI

Business | Edited by Abhishek (With inputs from PTI) | Friday October 4, 2019

Last month, the finance minister had announced tax cuts for corporates by 10-12 per cent to 25.17 per cent.

Sensex, Nifty Erase Gains After RBI Lowers Repo Rate by 25 Basis Points

Business | Written by Abhishek Vasudev | Friday October 4, 2019

Eight of 11 sector gauges compiled by National stock Exchange were trading lower led by the Nifty Bank index's over 2 per cent fall.

RBI Lowers GDP Growth Forecast For Current Financial Year To 6.1%

Business | Written by Abhishek Vasudev | Friday October 4, 2019

The Reserve Bank of India's cut in GDP growth forecast comes at a time when the country's growth logged slowest pace of growth in six years.

RBI Cuts Key Lending Rate By 0.25%, Here's What Experts Say

Business | Thomson Reuters | Friday October 4, 2019

The six-member monetary policy committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent, in line with expectations.

RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth

Business | Written by Abhishek Vasudev | Friday October 4, 2019

The decision to cut repo rate by the Reserve Bank of India was agreed upon by all the Monetary Policy Committee members.

Rate-Sensitive Shares Gain Ahead Of RBI Monetary Policy Decision

Business | Written by Abhishek Vasudev | Friday October 4, 2019

Gauge of auto shares on the NSE - Nifty Auto index rose 0.61 per cent followed by gain of 0.6 and 0.5 per cent each in Nifty Financial Services and Nifty Bank indexes respectively.