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Given the weakness in the rupee, the RBI is unlikely to cut rates before the Fed does. If crude prices continue to rise at the current pace, it is bound to feed into inflation
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The higher-than-expected growth number and a moderation in core inflation offer comfort to the MPC. Yet, the panel is likely to stay cautious on the inflation-front. Here’s why
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This was the eight out of nine trading sessions when the currency declined and lost around 2.28 percent in this period
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The RBI has always averred that it sets rates purely based on domestic factors and is not influenced by external factors. I would argue that the Fed’s new dot plot is also an input into India’s inflation targeting MPC
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After reaching a record low of 77.14 to the dollar on March 7, the rupee has since gained to 76.25 as of March 16. This still represents a fall of 2.28 percent since the beginning of the year, when it was 74.51.
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Experts say price of building materials like cement may increase as oil prices go up. There is also a likelihood of interest rates rising as RBI may change its accommodative stance in order to curtail inflation.
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Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going forward with second largest private lender HDFC Bank today saying there is more room for banks to lower lending rates.
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The Reserve Bank of India (RBI), on February 8, 2017, kept its policy rate unchanged at 6.25%. This decision has been greeted with surprise, by the real estate fraternity. “While the recent demonetisation drive R
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The Reserve Bank's decision not to cut key policy rates is slightly negative for Indian equities and rupee in the near term, says a Nomura report.
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Shares of Punjab National Bank dipped 3.68 percent, Bank of Baroda lost 2.58 percent, AXIS Bank went down by 2.19 percent, SBI lost 1.62 percent and Kotak Mahindra Bank 1.55 percent on BSE.
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The three-year stint of the outgoing Reserve Bank chief is largely viewed by economists as positive as growth picked up, reserves increased, currency stabilised, inflation cooled and a number of reforms were undertaken during his watch.
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"Thus, we expect central bank to stay on hold through rest of 2016 if the current policy stance is maintained under the new Governor as there are more upside risks to food inflation," said Citi India in a note today.
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A cut in lending rate is a signaling mechanism to the economy that the interest rates are going to go down. And it may be beneficial to the common man.
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The government's move to slash interest rates on all small saving schemes will pave the way for a market linked interest rate structure and enable faster monetary transmission, says a Deutsche Bank report
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The move toward marginal cost of funds methodology for interest rate on advances is aimed at ensuring faster transmission of changes in RBI policy rates to banks' lending rates
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The RBI has cut repo rate four times (125 basis points) since January 2015. But the banks, Governor Rajan highlighted, have passed on less than half of the rate cuts to customers.
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The latest step by the PBoC is an experiment towards finding alternatives to benchmark interest rates whose efficacy has been blunted in recent years by the surge in the shadow banking system as well as removal of limits that tied commercial bank rates to official policy rates, economists say.
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Reserve Bank of India, on Tuesday, released draft guidelines of new formula to calculate policy rates to ensure that policy rates are passed on to the customers by banks as the earliest.
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There is a need for a rate cut and to let the Indian rupee depreciate to boost export competitiveness, says P Pradeep Kumar, managing director and group executive (corporate banking group), State Bank of India.
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Jahangir Aziz, Asia economic research, JPMorgan, says it is very hard to see a monetary policy committee where the governor doesn't have a veto power, but is responsible for monitoring inflation.
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Going ahead, the market will look at other factors such as global cues, monsoon and corporate earnings and not just RBI's policy action, says Nirmal Jain, chairman, IIFL.
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Bharat Iyer of JP Morgan believes the central bank Reserve Bank of India (RBI) can cut policy rate one more time this year.
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FIEO chief stated that RBI has conceded that with the Indian rupee gaining in real effective terms, export margins are coming under pressure for those exporters without substantial imported inputs.
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Subba Rao Amarthaluru, CFO of Ceat believes if a rate cut doesn‘t happen tomorrow everyone will lose hope. "An interest rate cut will add to sentiment, which will give hope, and most people will feel positive about making investments," he says.
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The report said the Australian weather bureau sees increasing chance of El Nino in coming months. The US Climate Prediction Centre also sees about a 50 percent chance of El Nino developing during the summer or fall.
