RBI Monetary Policy Decoded: Growth forecast cut, inflation raised - RBI raises the red flag on global hits
RBI Monetary Policy Live News: As the RBI's Monetary Policy Committee (MPC) concludes it's first meeting for the new fiscal, it is a new economic reality and all focus is on governor of Mint Street Shaktikanta Das.
The focus is on language and indication over and above rates as majority do not expect any change in lending rates though a minority does anticipate a hike in reverse repo rate which has been unchanged over the last 2 years.
RBI Monetary Policy Committee LIVE Updates
RBI downgrades GDP: Growth worries from Ukraine war, China's rising covid
Markets hit by a worried RBI
- 10-year bond yield rises to 7%, highest since 2019
- Sensex, Nifty give up early morning gains
- Bets on higher rates as RBI cuts growth forecast, raises price rise outlook
GDP growth target
- FY23 GDP growth target reduced to 7.2%
- RBI downgrades growth forecast for the current financial year
- RBI Governor says: war, rising covid in some countries to hit recovery in India
RBI Monetary Policy: No change in repo rate
RBI keeps policy rate unchanged, stance remains accommodative
RBI Governor Shaktikant Das
Global economy has seen techtonic shifts due to the Ukraine-Russia war. Shortages in key commodities and fears of de-globalisation face us.
RBI's inflation worry
In February, CPI was at an 8-month and food at a 15-month high. March inflation is also expected to clock above 6%, marking the third month of inflation at 'tolerance level'. RBI expected to raise inflation outlook while pulling down growth estimates.
Countdown to RBI Monetary Policy
Sensex Nifty Open positive ahead of RBI policy. Sensex in the green with a 200 jump up. All eyes on financial stocks as Nifty gains 50 points but banks underperform
RBI Policy: MPC decision at 10 am today
The RBI to take in account rising prices for fuel, food and daily essentials. Ukraine war adding to external shocks of inflation, already at 6%. Federal Reserve seen tightening rates by 50 bps in upcoming meet
Repo rate hikely to be left unchanged
Markets do not expect a hike in lending rates, Repo rate is likely to be remain unchanged.
RBI Monetary Policy Preview: Governor Shaktikanta Das in the spotlight
SGX Nifty indicators ahead of RBI Policy
SGX Nifty signals a cautious to negative start to the markets ahead of the Reserve Bank of India meet. Repo rate hike is not expected, minority expect a hike in reverse repo from the RBI.
RBI Monetary Policy: Why it matters to you
RBI Monetary Policy: Why it matters to you
The spotlight shifts to Mint Street as the Reserve Bank of India (RBI) gears to deliver its monetary policy on Friday, April 8. Even though experts believe the central bank may maintain a status quo on the key lending rates, they say reverse repo could see a 15-25 basis points hike. Don't worry, this is a good news! Read full story