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With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent.
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The decision of the monetary policy committee (MPC), headed by new RBI governor Urjit Patel, will likely cheer business leaders and households as cheaper loans will aid investment and spending.
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Going forward we are set for a low interest rate scenario with possibility of 25 basis points cut – maybe in October or December, said Motilal Oswal, CMD, Motilal Oswal Financial Services.
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The new grammar of liquidity proposed by RBI is a challenge for itself as it now needs to demonstrate the same dexterity in its liquidity stance which can tougher as forecasts of currency withdrawal by the public, of dollar flows, and of government‘s unspent cash surplus can at best be approximate, says Latha Venkatesh of CNBC-TV18.
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Last week, the Reserve Bank of India (RBI) granted an in-principle nod to 10 applicants for small finance banks.
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JP Morgan is bullish on cement and commercial vehicles and is looking to position its portfolio for a potential domestic recovery
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Atsi Sheth, senior vice president -sovereign risk group, Moody's says any hope of an Indian rating upgrade hinges on fiscal consolidation. Moody‘s currently has a Baa3 rating on India with a stable outlook.
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We still maintain our forecast of a 25 basis points repo rate cut by RBI in July, said Credit Suisse. Good monsoon will help in decline in food inflation, which is a more important driver than currency.
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In line with consensus, Rajeev Malik, Senior Economist, CLSA also expects the Reserve bank of India (RBI) to oblige the market with a 25 basis points repo rate cut today.
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A widely-anticipated cut in interest rates by the Reserve Bank of India (RBI) on Friday is unlikely to get markets too excited. But what the central bank says just might, economists say.
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The rupee falls to 54.02/03 versus its close of 53.81/82 on Thursday, following hawkish comments by the Reserve Bank of India (RBI) in its macro-report released late on Thursday.
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Based on a relatively more benign outlook for inflation and the current account deficit following the recent moderation in commodity prices, as well as the continuing sluggishness in investment activity and domestic consumption sentiments.
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Expect the RBI may reduce the Repo rate by 25 basis points in the upcoming mid-quarter policy review to address the slowdown in growth: Aditi Nayar, Sr.Economist of ICRA
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The Reserve Bank of India on Tuesday chose to continue with its tight monetary stance and raised interest rates by 25 basis points-- 13th time since March, 2010-- to tame inflation, even as it lowered the growth target to 7.6 per cent for the current fiscal.
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The Reserve Bank of India (RBI) is widely expected to deliver one final interest rate increase at its policy review next week and then pause until the end of the fiscal year in March, a Reuters poll of 30 economists showed.
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Rajiv Malik, senior economist, CLSA too feels that 25 bps hike by the central bank was not surprising. In fact, while speaking to CNBC-TV18, he mentioned that the RBI has done the right thing to still sound hawkish.
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Country's largest bank SBI on Tuesday announced a hike in its base rate by 25 basis points, making home and auto loans from the lender dearer.
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State Bank of India (SBI) is set to hike its base rate for all the loans by 25 basis points, reports Business Standard. It touched an intraday high of Rs 2,834.95 and an intraday low of Rs 2,808.60. At 09:29 hrs the share was quoting at Rs 2,828, up Rs 24.70, or 0.88%.
