While fewer people took out a loan in 2023 (compared to the year prior) to buy a house or for education, more availed of credit in order to meet medical and other exigencies.
The retail Inflation rose to 4.81 percent in June from 4.31 percent in May.
An expected drop in inflation, positive real rates and favourable external balances are some reasons that signal a pivot by the Reserve Bank of India
Out of the six members of the Monetary Policy Committee, two have voted against a repo rate hike in a couple of instances.
The central bank has increased its policy rate by 250 bps since May last year to tame inflation.
CRISIL estimates that core inflation will rise 5.5 percent year-on-year (YoY) in FY24 against 5 percent of overall (headline) inflation.
The analysts have used data from over 100 policy-tightening cycles starting from 1985
India's headline retail inflation rate was at 6.44 percent in February, which is lower than January's three-month high of 6.52 percent but above the RBI’s medium-term target of 4 percent
Vipul Patel, founder of Mortgageworld, says interest rate hikes will be limited to 50 basis points in 2023 and rates will start coming down 15-18 months from now.
In this edition of Market Minutes, N Mahalakshmi talks about what the recent MPC commentary means for markets and celebrated fund manager Mark Mobius’ take on rates, Adani route and the fall-out on the infrastructure sector. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends
Existing home loan borrowers have two options to cope with rising interest rates. Increasing the tenure doesn’t burden your monthly outgo, but banks might not allow it if the repayment period goes past your retirement age
Trivedi says markets like China look attractive now and foreign capital could flow from other markets into those with attractive valuations. The market could trade sideways or maybe even go down by about 7-8%, if the US recession gets deep, he said.
Retail inflation eased to a three month low in October, helped by a slower rise in food prices and a higher base effect.
The inflation dropped to 6.77 per cent in October from 7.41 per cent in the preceding month, mainly due to easing prices in the food basket, though it remained above Reserve Bank's comfort level for the 10th month in a row.
RBI may slow down the pace of its monetary tightening by the end of the year as economic growth will lose momentum with waning demand, according to HSBC Holdings Plc.
Inflation is likely to be brought within the target rate in the last quarter, the economist said
The rate of policy hikes is likely to be slower than what was seen in recent months, says Bajoria
“We are also a bit concerned about inflation and the hawkish turn by the RBI. Those are the two concerns. Medium term we do like India, there are a lot of positives on India equities.”
RBI had hiked CRR by 0.50 percent to 4 percent on May 4
Her comments come after the the central bank’s rate-setting panel recently surprised the markets with a 40 basis point hike in repo rate in an off-cycle policy meeting this month.
In an interview with CNBC-TV18, Chetan Ahya shares his views on April inflation numbers and the balance of payments deficit.
Rising interest rates are both bad news and good news for customers. For borrowers, EMIs will become costlier as banks adjust rates while for depositors returns on their fixed deposits will be more.
The said revised lending rate of the bank shall be effective from 9th May 2022 for new customers and from 1st June 2022 for all the existing customers of the bank, the bank said.
Finance Minister Nirmala Sitharaman asserted that the rising cost of funds will not impact the government's planned infrastructure investments.
The next couple of months will play a significant role in determining whether we are on the cusp of the next leg of a rally, or in the middle of a long-term correction