The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has lowered the repo rate by 25 basis points to 6.25%, marking the first rate cut in five years. Previously held steady at 6.5% for two years, this reduction follows the government's recent personal income tax cuts aimed at boosting consumption. RBI Governor addresses the media following the policy announcement—tune in for insights.
RBI's Thursday policy is expected to maintain status quo on interest rates. But is there a compelling case for a change in stance amid the changing global landscape? Global macros have changed from what they were when RBI announced its June policy. In June the US economy was still surprising with its resilience. But now, the last 3 payroll numbers have been falling sharply and unemployment has also been ticking higher giving rise to fears of a recession in the US economy. So what will the RBI do this time? Catch this chat between Nandita Khemka and CNBC-TV-18's Executive Editor Latha Venkatesh to know more.
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The United States Federal Reserve's Federal Open Market Committee (FOMC) announces its decision on interest rates followed by a statement. Fed Chair Jerome Powell holds press conference. US inflation slows to a two-year low. CNBC survey shows 91 percent of market participants are expecting a status quo, Majority also expect the Fed to hold fire at least till November this year.
The Reserve Bank's three-day monetary policy meeting is underway with the rate decision due tomorrow. Street is divided over the outcome, however, a majority of experts see a 25 bps rate hike by the MPC. All eyes will be on Governor Shaktikanta Das' comments on future rate hike path. Catch this conversation between Nandita Khemka and Latha Venkatesh to know what to expect.
For the first time in three years, the Reserve Bank of India has left signs on the market's doorstep that 25 basis points repo rate cut to 8.25% is likely to take place today.
In an interview with CNBC-TV18, Deven Choksey, MD, KR Choksey Shares and Securities gave his readings and outlook about the markets. He also spoke about the expected market movement on the lines of RBI's monetary policy to be announced on May 3.