June 23, 2022 1:12 pm
The Reserve Bank's rate-setting panel raised the key interest rate by 50 basis points, marking the second hike within five weeks. The RBI also revised upwards its earlier estimate of 5.7% inflation to 6.7% for the current fiscal year.
June 23, 2022 8:00 am
“I vote for a 50 bps increase in the repo rate which would be in line with the evolving inflation-growth dynamics and will help in mitigating the second-round effects of adverse supply shocks,” Das said.
June 22, 2022 8:15 am
Rajeswari Sengupta writes: It could potentially erode the credibility of the inflation targeting framework
June 08, 2022 5:16 pm
The hike in RBI's key interest rates was largely anticipated and was mostly factored in the domestic stock market where the S&P BSE Sensex fell by a modest 214.85 points (0.39 per cent) to end at 54,892.49 while the Nifty 50 slipped to 60.10 points (2.29 per cent) to settle at 16,356.25. Here's how various market analysts, economists and experts reacted to RBI's rate hike.
May 04, 2022 5:30 pm
The sudden hike in RBI's key interest rates led to a sharp reaction in the domestic stock market where the S&P BSE Sensex crashed 1,306.96 points (2.29 per cent) to end at 55,669.03 while the Nifty 50 fell to 391.50 points (2.29 per cent) to settle at 16,677.60.
April 12, 2022 9:32 am
Radhika Pandey writes: Trade-off between managing prices and government’s borrowing programme will present a challenge.
April 09, 2022 9:11 am
Saugata Bhattacharya writes: The priority for monetary policy now is inflation, growth and financial stability, in that order. This is a reversal of the earlier priority.
April 09, 2022 1:05 am
Growth projection 7.2%, inflation forecast 5.7%; sets stage for rate hike
April 08, 2022 1:32 pm
RBI Monetary Policy Meeting 2022 announcements: The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent, while the reverse repo rate also was kept unchanged at 3.35 per cent. Here's what the Indian central bank chief announced.
April 06, 2022 1:13 am
Analysts said the MPC is likely to revise the growth and inflation forecasts in the wake of the rise in crude oil and commodity prices. In the previous policy meeting on February 10, the RBI kept the repo rate — the rate at which it lends to banks — unchanged for the tenth time in a row at 4 per cent.