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  • RBI may go for another rate hike in April MPC meet: PM-EAC members March 16, 2023 02:11 PM IST

    RBI may go for another rate hike in April MPC meet: PM-EAC members

    Inflation in India is uncomfortably sticky. As of now it will be a closed call for RBI in its next MPC meet. It will be prudent to do one more rate hike for RBI. India should not prematurely stop rate hike and be surprised later.

  • SVB crisis: Will Fed bite the bullet on halting rate hikes? Will India follow suit? March 15, 2023 04:56 PM IST

    SVB crisis: Will Fed bite the bullet on halting rate hikes? Will India follow suit?

    The run on the Silicon Valley Bank and Signature Bank in the US has led to increasing calls for the Federal Reserve to halt its interest rate rises. This also complicates policymaking for emerging market rate-setters.

  • MPC's Goyal calls out Fed on over-reaction to inflation, seeks data-dependent policy March 15, 2023 04:56 PM IST

    MPC's Goyal calls out Fed on over-reaction to inflation, seeks data-dependent policy

    Goyal pointed out that US actions have spillover effects for the rest of the world

  • Fed is set to hike rates to 6% or more. Will RBI follow suit? March 02, 2023 02:11 PM IST

    Fed is set to hike rates to 6% or more. Will RBI follow suit?

    Hopes of the Federal Reserve ‘pivot’ have faded on the back of robust economic data. Markets fear the Fed funds rate could rise to over 6 percent.

  • No justification for $95 oil price assumed in RBI's CPI forecast, says MPC's Jayanth Varma February 27, 2023 10:52 AM IST

    No justification for $95 oil price assumed in RBI's CPI forecast, says MPC's Jayanth Varma

    The Reserve Bank of India's inflation forecast for 2023-24 assumes $95 per barrel as the price of India’s crude oil basket, which many economists think is too high

  • Policy stance, rate decisions must depend on data, says MPC's Shashanka Bhide February 27, 2023 11:50 AM IST

    Policy stance, rate decisions must depend on data, says MPC's Shashanka Bhide

    According to Shashanka Bhide, a fall in core inflation is key to returning headline retail inflation back to the medium-term target of 4 percent

  • RBI's FY24 growth forecast seems to be backward-looking, says MPC's Ashima Goyal February 27, 2023 10:29 AM IST

    RBI's FY24 growth forecast seems to be backward-looking, says MPC's Ashima Goyal

    According to Ashima Goyal, growth could be severely hit if continued rate hikes result in a real repo rate that is well above 1 percent

  • RBI’s fine dance between monetary apostasy and decoupled myth-making February 22, 2023 10:22 AM IST

    RBI’s fine dance between monetary apostasy and decoupled myth-making

    It is strange that the RBI Bulletin’s state of the economy report talks of decoupling when history has proved it to be a chimera and when another article in the same bulletin shows that monetary policy by the US Federal Reserve Bank is proved to have a strong impact on India’s business cycle

  • RBI has found its animal spirits even if the economy has not  February 20, 2023 07:43 AM IST

    RBI has found its animal spirits even if the economy has not 

    The State of the Economy report in the RBI Bulletin says 'we believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world'

  • The toughest job in central banking welcomes BoJ new Governor Kazuo Ueda February 15, 2023 11:10 AM IST

    The toughest job in central banking welcomes BoJ new Governor Kazuo Ueda

    What will be the consequences of Ueda’s policies for the carry trade, which has become a significant source of foreign investments for key segments of the global markets?

  • January inflation shocker sparks fears of another RBI rate hike in April February 14, 2023 09:27 AM IST

    January inflation shocker sparks fears of another RBI rate hike in April

    India's headline inflation rate jumped by a massive 80 basis points last month — far more than economists had predicted

  • Retail inflation gallops to 6.52% in January, increases possibility of another rate hike February 14, 2023 08:17 AM IST

    Retail inflation gallops to 6.52% in January, increases possibility of another rate hike

    The latest inflation data comes days after the Reserve Bank of India raised the policy repo rate by 25 basis points to 6.5 percent. For 2023-24, the central bank has forecast an average inflation rate of 5.3 percent.

  • Why emerging market central banks may begin rate cuts by mid-2023 February 13, 2023 02:49 PM IST

    Why emerging market central banks may begin rate cuts by mid-2023

    Several emerging markets were ahead of the curve in raising interest rates after the ultra-accommodative pandemic era. Now they could be the first ones to start cutting them.

  • Poll | CPI inflation may rise to 6.1% in January on unfavourable base, core pressures February 13, 2023 07:30 AM IST

    Poll | CPI inflation may rise to 6.1% in January on unfavourable base, core pressures

    The Ministry of Statistics and Programme Implementation will release retail inflation data for January at 5.30 pm on February 13.

  • RBI move to regulate loan penal charges to bring transparency, level playing field, say experts February 09, 2023 05:36 PM IST

    RBI move to regulate loan penal charges to bring transparency, level playing field, say experts

    On February 8, RBI said it will issue draft rules on levying penal charges on loans.

  • RBI, not MPC, is dictating the stance. And it's not doing it well. February 09, 2023 02:02 PM IST

    RBI, not MPC, is dictating the stance. And it's not doing it well.

    The RBI is responsible for modulating liquidity in line with the monetary policy stance adopted by the MPC. But what happened on February 8 is a further proof that it is the central bank that is dictating what the stance should be

  • Should you prepay your home loan now, after six hikes in policy rate? February 12, 2023 10:16 AM IST

    Should you prepay your home loan now, after six hikes in policy rate?

    The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.

  • RBI raises repo rate as expected, but does not hint at end to hikes February 10, 2023 09:31 AM IST

    RBI raises repo rate as expected, but does not hint at end to hikes

    The possible reason the RBI’s Monetary Policy Committee has kept the door open for future rate hikes is that while inflation has eased, it is still higher than the RBI’s target. Meanwhile, post the latest hike, the portfolio yields of debt mutual funds will move up marginally.

  • Is RBI's FY24 inflation forecast a bit too high? February 08, 2023 04:47 PM IST

    Is RBI's FY24 inflation forecast a bit too high?

    The central bank's inflation forecast for the next year presents a huge drop from the current year. But a case can be made for it to have been lower, say economists

  • What should debt fund investors do as RBI hikes repo rate? February 10, 2023 09:27 AM IST

    What should debt fund investors do as RBI hikes repo rate?

    RBI has raised repo rate by 25 basis points on February 8. This pushed up the short term rates. Here is how investors should realign their debt fund investments.

  • RBI Policy | Jumping the gun by talking of open market bond buying: Deputy Governor Rabi Sankar February 08, 2023 02:06 PM IST

    RBI Policy | Jumping the gun by talking of open market bond buying: Deputy Governor Rabi Sankar

    A record government borrowing programme amid tightening of liquidity conditions has led to talk of the need for the Reserve Bank to buy the bonds through open market operations in 2023-24

  • RBI chief quotes Netaji Subhas Chandra Bose: 'Never lose your faith...' February 08, 2023 11:34 AM IST

    RBI chief quotes Netaji Subhas Chandra Bose: 'Never lose your faith...'

    RBI Monetary Policy 2023: The central bank hiked repo rate, the rate at which it lends short-term funds to banks, by 25 basis points, citing sticky core inflation. Shaktikanta Das is known to quote prominent personalities or offer a punchline to convey his message on the state of the economy.

  • In Charts | How economic indicators have moved since the last monetary policy decision on Dec 7 February 07, 2023 11:04 AM IST

    In Charts | How economic indicators have moved since the last monetary policy decision on Dec 7

    The Indian central bank looks at a variety of economic indicators before deciding on interest rates and other monetary policy matters. Moneycontrol takes a look at several key indicators which may influence the Monetary Policy Committee's decision on rates

  • India to be a $3.7 trillion economy in 2023, says RBI article January 19, 2023 09:18 PM IST

    India to be a $3.7 trillion economy in 2023, says RBI article

    The objective during 2023 is to tether inflation therein so that it aligns with the target by 2024, the second milestone, the said the article auhtored by a team lead by RBI Deputy Governor Michael Debabrata Patra.

  • Nomura sees 75 basis point RBI rate cuts in 2023 as GDP slows January 14, 2023 08:51 AM IST

    Nomura sees 75 basis point RBI rate cuts in 2023 as GDP slows

    India’s monetary policy makers are expected to wind down hikes after a 25-basis-point move in February, capping the most aggressive tightening cycle since 2011.