RBI Policy Highlights: Will issue revised circular on stressed assets, says Shaktikanta Das

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SBI chairman Rajnish Kumar said that RBI's downward revision in GDP and inflation projections reveals near term global headwinds and lower than anticipated rainfall might add to uncertainties. Overall, he said that it is a forward-looking policy catering to the demands of the various market participants.

Opinion | After the rate cut, what next for the MPC?

On balance, it can be argued that this is not the end of the easing cycle. However, the market will be more interested to see if the cuts actually get transmitted into the system.... Read More

V S Parthasarathy, CFO, Mahindra Group said that by giving a 'Doosra'rate cut, the RBI has, amidst all 'field restrictions', provided a window to spur consumption growth. With inflation remaining in the comfort zone,Parthasarathy said that the need of the hour is monetary transmission through durable liquidity.

The next meeting of the MPC is scheduled during June 3, 4 and 6, 2019. Most economists are expecting another 25 basis points repo rate cut in the June policy.

What RBI Guv Shaktikanta Das has to say about debate on GDP data

A group of over 100 economists had gone public with their reservations on the GDP and other key data prints in March in the light of the frequent revisions in the way the numbers are computed.... Read More

Chief economic adviser saysthat the SC order issue can be worked out together between the government and RBI.

Is Shaktikanta Das worried about rising trend of RBI being sued?

Reserve Bank of India Shaktikanta Das said parties affected by the central bank's decisions were free to go to the court, as ordained by their democratic right.... Read More

The government had revised upwards the fiscal deficit target for 2018-19 fiscal to 3.4 percent from 3.3 percent projected in the budget.For current fiscal, which begun on April 1, the fiscal deficit target has been set at 3.4 percent.

Kotak Institutional Equities said that while they expect another rate cut of 25 basis points H1FY20, the timing will bedata dependent as the RBI may want to see certain risks play out. These risks includeEl Nino, elections andfull budget.

Khushru Jijina, MD, Piramal Capital and Housing Finance said that thefocus to align the Indian housing finance securitisation market as well as the secondary market for corporate loans with international best practices as announced today will essentially deepen these markets and ensure better price discovery.

Oil prices could remain volatile in the near future with a swift resolution of trade tensions and a consequent pick-up in global demand, says RBI.

RBI repo rate cut to revive consumer spending, boost real estate market: Experts

After a cut in GST rates for real estate, the repo rate cut of 25 basis points is a big boost to the sector, experts said.... Read More