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monetary policy committee

RBI Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The panel meets multiple times in a year and announces its decisions. More

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  • Note ban impact on GDP growth only 15 bps, says RBI Dec 07, 2016 08:54 PM IST

    Note ban impact on GDP growth only 15 bps, says RBI

    The Reserve Bank attributed the 50-bps lowering in its GVA growth estimate to 7.1 per cent this fiscal year to the lower-than-expected expansion in the second quarter and not to demonetisation that has hurt consumption activity massively.

  • Inflation down, but oil & rupee could be spoilers Dec 07, 2016 05:24 PM IST

    Inflation down, but oil & rupee could be spoilers

    The Reserve Bank of India (RBI) on Wednesday retained its March-end retail inflation forecast of 5 percent, but high oil prices and rising interest rates could have push up domestic prices.

  • COLUMN: RBI move prudent, transmission of old rate cuts key, says Nomura Dec 07, 2016 04:18 PM IST

    COLUMN: RBI move prudent, transmission of old rate cuts key, says Nomura

    The RBI left the cash reserve ratio unchanged at 4 percent, as expected, and announced that the incremental CRR of 100 percent will stand withdrawn from 10 December. The increase in the market stabilisation securities ceiling to INR6trn has boosted the RBI‘s firepower to absorb liquidity.

  • RBI dashes hopes of lower home loan rates, keeps rate unchanged at 6.25% Dec 07, 2016 04:00 PM IST

    RBI dashes hopes of lower home loan rates, keeps rate unchanged at 6.25%

    Taking markets by surprise, the Reserve Bank of India (RBI) governor Urjit Patel, on December 7, 2016, kept short-term lending rates unchanged, even as the central bank lowered GDP growth rate to 7.1% and &#82

  • Demonetisation to impact activities in cash-intensive sectors Dec 07, 2016 03:30 PM IST

    Demonetisation to impact activities in cash-intensive sectors

    The withdrawal of old Rs 500 and 1,000 notes "could result in a possible temporary reduction in inflation of the order of 10-15 basis points in Q3 (October-December period", the central bank said in the Fifth Bi-monthly Monetary Policy Statement Resolution of the Monetary Policy Committee (MPC).

  • RBI Policy Updates: Repo rate unchanged but lending rates may fall ahead Dec 07, 2016 01:36 PM IST

    RBI Policy Updates: Repo rate unchanged but lending rates may fall ahead

    The Reserve Bank of India (RBI) has announced the decision of its fifth bi-monthly monetary policy review of financial year 2016-17. Updates here.

  • Analysts expect a cut as India battles demonetisation Dec 07, 2016 08:12 AM IST

    Analysts expect a cut as India battles demonetisation

    A majority of analysts and bankers are expecting RBI Governor Urjit Patel-led Monetary Policy Committee (MPC) to cut rates by 0.25 percent today, with some expecting a 0.50 percent reduction.

  • RBI Monetary Policy: Rate cut likely as India battles demonetisation Dec 06, 2016 05:59 PM IST

    RBI Monetary Policy: Rate cut likely as India battles demonetisation

    The RBI, guided by the newly-formed six-member monetary policy committee (MPC), is widely expected to cut its key lending rate — the repo rate — by 25 basis points to 6 percent.

  • MPC meeting starts, may go for 0.25% rate cut Dec 06, 2016 01:18 PM IST

    MPC meeting starts, may go for 0.25% rate cut

    This is the second meeting of MPC headed by RBI Governor Urjit Patel after the first in October, when it had cut repo, or the short-term lending rate, by 0.25 percent to 6.25 percent.

  • RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS Dec 05, 2016 01:34 PM IST

    RBI may cut 25 bps on Dec 7, another in Q1 of 2017: DBS

    According to the global financial services major, the RBI policy committee is expected to take a 'growth-supportive' stance as the government's recent banknote ban has raised downside risks to growth for at least two quarters, beginning the October-December quarter.

  • Demonetisation: Growth rate to trend down; tax cuts won't happen, say economists Nov 22, 2016 01:50 PM IST

    Demonetisation: Growth rate to trend down; tax cuts won't happen, say economists

    Two out of three economists Moneycontrol spoke to believe the demonetisation drive by the government won‘t immediately force The Reserve Bank to cut its key policy rate in its December policy review. But a February rate cut is not ruled out, they say.

  • RBI set to cut rates in December: Kotak Nov 16, 2016 06:24 PM IST

    RBI set to cut rates in December: Kotak

    Retail or CPI inflation dipped to 14-month low of 4.20 percent in October, while the one based on wholesale prices or WPI fell for the second consecutive month to 3.39 percent in October.

  • RBI may cut rate by 0.25% as inflation target within reach: HSBC Nov 16, 2016 12:48 PM IST

    RBI may cut rate by 0.25% as inflation target within reach: HSBC

    According to global financial services major HSBC, inflation momentum remained comfortable for both consumer and wholesale prices and the October inflation print confirms that RBI's upcoming inflation target will be easily met.

  • India's gross-value added growth to hit 7.6% this year: DBS Nov 02, 2016 12:00 PM IST

    India's gross-value added growth to hit 7.6% this year: DBS

    According to the global financial services major, while private sector activity remains subdued, high frequency fiscal numbers point to sustained support from public capex spending.

  • Another 25 bps cut likely in FY'17: Kotak Institutional Equities Oct 19, 2016 04:38 PM IST

    Another 25 bps cut likely in FY'17: Kotak Institutional Equities

    In spite of the upside risk to 5 per cent inflation target by next March that the Reserve Bank sees, there is space for rate cuts with another 25 basis points cut likely this fiscal, says a report.

  • Dovish MPC feels spare capacities, monsoon to keep inflation low Oct 18, 2016 06:13 PM IST

    Dovish MPC feels spare capacities, monsoon to keep inflation low

    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.

  • RBI to cut rates in early 2017, aided by tame inflation: Poll Oct 18, 2016 11:55 AM IST

    RBI to cut rates in early 2017, aided by tame inflation: Poll

    New RBI Governor Urjit Patel and his six-member Monetary Policy Committee used the same rationale for their surprise 25 basis point (bps) cut to 6.25 percent earlier this month, the lowest since November 2010.

  • When will banks pass on monetary easing to borrowers? Oct 13, 2016 09:44 AM IST

    When will banks pass on monetary easing to borrowers?

    Since the beginning of 2015, the RBI has cut the repo rate by 175 basis points to 6.25 percent, but only a small part of that has been passed on to the borrower, despite the fact that the government has also reduced the rates on small deposit schemes and banks themselves have been slashing term deposit rates from time to time.

  • Two PSU banks cut lending rate by up to 0.15% Oct 07, 2016 03:24 PM IST

    Two PSU banks cut lending rate by up to 0.15%

    The OBC has reduced marginal cost of funds based lending rate (MCLR) by up to 0.15 percent, OBC said in a statement.

  • Home loans to get cheaper, as banks promise to pass on RBI rate cut Oct 05, 2016 04:22 PM IST

    Home loans to get cheaper, as banks promise to pass on RBI rate cut

    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 &#82

  • Expect banks to transmit rate cut fully to mkt: Shaktikanta Das Oct 04, 2016 08:37 PM IST

    Expect banks to transmit rate cut fully to mkt: Shaktikanta Das

    Speaking to CNBC-TV18 Shaktikanta Das, Secretary, Economic Affairs, said that it is heartening to note that the Monetary Policy Committee has started functioning. He agreed with the RBI governor that there is still room for improving. He expects banks to transmit the rate cut fully to the market.

  • Patel hopes better transmission going forward Oct 04, 2016 08:32 PM IST

    Patel hopes better transmission going forward

    The 6-member Monetary Policy Committee (MPC), headed by Patel, today unanimously voted to reduce the repo rate or the short-term rate at which central bank lends to banks, to 6.25 percent - lowest since November 2010.

  • Diwali cheer: RBI monetary policy lifts Sensex 468 pts in 2 days Oct 04, 2016 04:15 PM IST

    Diwali cheer: RBI monetary policy lifts Sensex 468 pts in 2 days

    The market cheered by RBI rate cut as short covering continued further on Tuesday with the Sensex rising 468 points in two consecutive sessions. The rally was also partly supported by positive global cues.

  • India stocks likely to scale new peaks over the coming year Oct 04, 2016 01:55 PM IST

    India stocks likely to scale new peaks over the coming year

    Indian shares fell over 400 points last week amid rising tensions between India and Pakistan, the biggest fall since Britain's vote in June to leave the European Union briefly drove investors out of emerging markets.

  • RBI Monetary Policy Updates: Finance Secretary says rate cut will boost liquidity Oct 04, 2016 01:51 PM IST

    RBI Monetary Policy Updates: Finance Secretary says rate cut will boost liquidity

    Urjit Patel's first RBI policy announcement kicked off in time.. Patel says 5 sectors contribute to 65 percent of the stress in banks. RBI is working with banks and government to improve things.

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