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Reserve Bank of India Governor Sanjay Malhotra indicated that policy space exists for a further rate cut, but the timing needs to be right to ensure the move has the desired impact, according to minutes of the Monetary Policy Committee (MPC) meeting released on Wednesday.Malhotra, along with five other MPC members, voted to maintain the…
MUMBAI: RBI’s monetary policy committee on Wednesday unanimously voted to keep the repo rate unchanged at 5.5% with a neutral stance, while hiking FY26 growth forecast to 6.8% from 6.5%.“Since we last met in June, inflation has come down by about 1%. It is now at 2.6–2.7% compared with our earlier forecast. That’s the reason…
The Reserve Bank of India (RBI) on Wednesday lowered its FY26 inflation forecast to 2.6% from 3.1%, while revising India’s GDP growth upward to 6.8% on the back of a good monsoon and GST rate rationalisation. The central bank also kept the policy repo rate unchanged at 5.5% for the second straight review.The decision comes…
MUMBAI: RBI is expected to keep policy rates unchanged in its three-day monetary policy committee meet that starts on Monday. Most economists cite resilient growth, benign inflation and external uncertainties as reasons for a pause, even as the tone of RBI’s guidance is likely to be more dovish than the action itself. Some economists, however,…
A SBI research report has pitched for a 25 basis points (bps) cut in the repo rate, calling it the “best possible option” for the Reserve Bank of India (RBI), even as several experts believe the central bank’s Monetary Policy Committee (MPC) may once again choose to hold rates steady in its upcoming policy review.The…
The Reserve Bank of India’s Monetary Policy Committee (MPC) may cut rates by 25 basis points in its September meeting, according to a report by State Bank of India (SBI).The report highlighted that a rate cut in September makes sense, as inflation is already under control and is expected to ease further.The report warned that…
