Meetings go on to this day, but out went the kind of private chats that could unsettle markets, occurrences that became known as "open mouth operations", as opposed to open market operations the RBI carries out.
In an interview with CNBC-TV18, A Prasanna, Chief Economist, ICICI Securities Primary Dealership, said the third quarter GDP number released yesterday may be revised downward by 10 basis points going forward.
In growing contrast with the government, which is desperate to accelerate a sluggish recovery, an increasingly independent RBI under governor Raghuram Rajan remains focused on a long-term inflation target of 4 percent and ending decades of damaging price volatility.
Commercial bankers say it would be easier to reduce lending rates, as the RBI has urged them to do, if surplus liquidity prevailed for some months.
Reserve Bank of India (RBI) Governor Raghuram Rajan has cut interest rates three times this year to boost growth, but he has since warned he will not cut again if poor rains drive up prices and threaten his inflation target.Bond and stock traders in Mumbai have been left compulsively checking weather forecasts.
Post the GDP number of 7.3 percent for last year and today's PMI and core sector data. What are economists saying about the growth prospects this year? Manasvi Ghelani finds that economists are deeply divided. Half of them see growth improving to 8% this year; the other half see a repeat of 7.5% tally. Here's her report.
With banks cutting lending rate situation has reversed, Bonds yields are now headed towards 8 per cent making resource raising through bonds expensive.
Rajan called in April for full convertibility in "a short number of years", having first raised the prospect when he took office in 2013. While it is unlikely to be realised during his current term, he is laying the ground work for it to happen.
A Prasanna, Chief Economist, ICICI Securities Primary Dealership says by March headline CPI should be somewhere around 9 percent.
The range for the 10-year yield is seen between 8.10-8.20 percent, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for the 10-year yield is seen between 8.05-8.25 percent, says Sandeep Bagla, ICICI Securities Primary Dealership.
Increase in FDI caps could result in some rupee appreciation, which will provide temporary relief to bond markets, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for the 10-year yield is seen between 7.40-7.50 percent, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for the 10-year yield is seen between 7.45-7.52 percent, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for the 10-year yield is seen between 7.25-7.30 percent, says Sandeep Bagla, ICICI Securities Primary Dealership.
Softening in commodities and global yields will buoy bond sentiment. Slow growth and low inflation increase the likelihood of further monetary easing, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for the new 10-year yield is seen at 7.12-7.18 percent. FIIs who had been buyers at higher yield levels are now holding back their purchases, says Sandeep Bagla, ICICI Securities Primary Dealership.
The range for new 10-year yield is seen between 7.15-7.18 percent. FIIs could hold back their bond purchases, says Sandeep Bagla, ICICI Securities Primary Dealership.
The market will closely watch out for the auction of a new 10-year bond auction on Friday. Markets could consolidate around current levels in absence of fresh cues, says Sandeep Bagla, ICICI Securities Primary Dealership.
Bonds have appreciated over the week as traders are building positions for the new calendar year, says Sandeep Bagla, ICICI Securities Primary Dealership.
While most are expecting RBI to maintain status quo today, the recent spate of reforms have reignited expectations of monetary easing, says Sandeep Bagla, ICICI Securities Primary Dealership.
Bond yields may remain elevated due to a slew of supply in the form of state and central government bonds. Investors would watch out for the CPI data and the 10-year paper may range between 8.20-8.25%, says Sandeep Bagla, ICICI Securities Primary Dealership.
The bonds are likely to be trade in a tight range with a positive bias in the absence of any major triggers, says Sandeep Bagla, ICICI Securities Primary Dealership.
, says Sandeep Bagla, ICICI Securities Primary Dealership.
The announcement of the new 10-year bond auction could boost sentiment, says Sandeep Bagla, ICICI Securities Primary Dealership.