Aug 09, 2016 at 17:21 | Source: Moneycontrol.com
In a report on Tuesday, CARE Ratings said it expects a 25 basis points rate cut in the October-December quarter, adding that GDP forecast of 7.8 percent for FY17 and Consumer Price Index inflation of 5-5.5 percent by end of March 2017 also hold.
Aug 09, 2016 at 15:18 | Source: Moneycontrol.com
The underlying theme of the RBI's policy statement was continuity, with no change in the policy rate, inflation or growth targets. Moreover, the monetary policy stance remains accommodative and the liquidity strategy continues to aim to reduce the liquidity deficit.
Aug 09, 2016 at 14:07 | Source: CNBC-TV18
The foreign currency non-resident (or FCNR) deposits raised by domestic banks in 2013 will soon be coming up for redemption in September-November. It could see outflows of about USD 20 billion from banks. However, RBI is unfazed. It says it has measures in place to counter the redemptions.
Aug 09, 2016 at 14:01 | Source: CNBC-TV18
In an interview with CNBC-TV18, leading bankers, economists and bond and stock market experts talked about the RBI monetary policy, their key takeaways and their outlook on inflation and interest rates ahead.
Aug 09, 2016 at 12:36 | Source: Moneycontrol.com
The Reserve Bank, in its monetary policy meet on Tuesday, reiterated its intention of bringing down the ex ante liquidity deficit from one percent to neutrality.
Aug 09, 2016 at 12:00 | Source: PTI
In the Third Bi-monthly Policy Statement for 2016-17, RBI Governor Raghuram Rajan said that as regards the management of the imminent FCNR(B) redemptions, the central bank has been frontloading liquidity provision through open market operations and spot interventions/deliveries of forward purchases.
Aug 09, 2016 at 11:34 | Source: Reuters
Reserve Bank of India (RBI) Governor Raghuram Rajan, who bows down next month, kept the repo rate unchanged at 6.50 percent at his final policy review on Tuesday after inflation hit a nearly two-year high.
Aug 09, 2016 at 10:37 | Source: CNBC-TV18
Anshula Kant, CFO of SBI, and A Prasanna, Chief Economist at ICICI Securities PD talk about their expectation from the RBI monetary policy meeting.
Aug 09, 2016 at 07:47 | Source: Moneycontrol.com
Outgoing governor Raghuram Rajan is not expected to tinker with rates as he presents his last monetary policy today. According to a CNBC-TV18 poll shows attention has moved from rates to liquidity, 70 percent of the respondents expect him to keep liquidity at current excess.
Aug 08, 2016 at 17:32 | Source: CNBC-TV18
Ahead of the Reserve Bank of Indias monetary policy on Tuesday, a CNBC-TV18 poll shows that the outgoing RBI Governor Raghuram Rajan is unlikely to cut interest rate. Markets, however, are going to keep an eye out for the central banks stance on liquidity.