The comment comes after yesterday's rate-cut meeting which did not cut interest rates as RBI Governor Urjit Patel wanted to be sure that inflation will stay subdued.
The Indian currency is celebrating the ruling government’s victory in Uttar Pradesh polls. Bharatiya Janata Party (BJP) got a clear mandate in UP, the state which has the highest representation in the Rajya Sabha, with 31 members.
HDFC Bank Managing Director Aditya Puri on Friday criticised mobile wallet players as they operate on models that are not profitable.
The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. â€œWhile the recent demonetisation drive R
"The MPC is dedicated to achieve the 4 percent headline CPI inflation target while keeping in mind the objectives of growth," Governor Urjit Patel told reporters in the customary post-policy presser.
Disappointed with the Reserve Bank's decision to leave key policy rates unchanged, India Inc today said a rate cut was needed to revive demand hit by the cash crunch post demonetisation.
The Reserve Bank of India (RBI) in its monetary policy meeting will announce its latest decision on interest rates, where it is expected to maintain status quo or cut the repo rate by 25 basis points (bps) to 6 percent.
Reserve Bank of India (RBI) is towards the end of rate cut cycle, says Vivek Rajpal of Nomura India. He further says that bond yields will rally only by 5-10 basis points (bps) if RBI cuts rate by 25 bps and expect the 10-year bond yield is unlikely to go to the level of 6.35.
After a Budget which was largely received well by markets and the country‘s citizens alike, the action now shifts to Reserve Bank of India and its Monetary Policy Committee. A CNBC-TV18 poll among market participants shows that 70 percent expect a 25 basis point (bps) rate cut on Wednesday.
Leading bond fund manager Amandeep Chopra of UTI Mutual Fund believes that the scope for the RBI to slash rates is limited, given a number of global and local factors.
Ahead of the Reserve Bank of India (RBI) meeting on February 8, the question doing the rounds is whether the Central Bank will cut rates or hold its decision to do so in the meet next week. Economist Pronab Sen said that growth will be muted for a while and he expects RBI to cut interest rates by 25 bps.
The Reserve Bank of India is expected to go for only a 25 bps rate cut this year and the likelihood of an easing in April is more than in February, says a Citigroup report.
To do a balance transfer, you must check the transfer cost, outstanding loan amount, tenor, and difference in the interest rates.
Prospects of interest rate cut in near future may be bleak due to factors like continuous pressure on rupee against dollar, firming of the US rates and hardening of crude oil prices, according to a report.
Sonal Varma of Nomura and Ravikant Bhat of IDBI Capital believe that RBI's move to keep key rates unchanged was fair given that it did not see inflation going down at the moment.
With RBI belying expectations of a rate cut, India Inc today expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation.
There is a high likelihood of a 25 bps cut in the repo rate.
India's economic growth is expected to fall by up to 1 percentage points over the next 12 months in the wake of demonetisation, while longer-term gains will depend on follow-up reforms, says an HSBC report.
In conversation with CNBC-TV18, Tushar Arora of HDFC Bank, says the WPI numbers are lower than expectation. It has gone below last month's reading as well.
The six-member panel, which brainstormed over two days, unanimously agreed that inflation was unlikely to gallop past the tolerance threshold of 6 percent in the next few months.
From an Indian equity standpoint, monetary easing in the context of a stable currency is an obvious positive, writes CLSA's Chris Wood in his newsletter GREED & fear
The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India (RBI) Governor Urjit Patel, on October 4, 2016, unanimously voted to reduce the repo rate or the short-term rate at which the R
In an interview with CNBC-TV18, market expert Ashwani Gujral said that if a rate cannot take the market high then he does not know what can.
The Nifty and Sensex both ended higher than yesterday's close at 8,769 and 28,334 respectively.