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urjit patel, others voted for rate hike citing inflation risks at mpc meet




rbi governor urjit patel voted for interest rate hike citing inflation risks and related uncertainties while his deputy viral acharya felt there was no alternative to it by 25 basis points, as per the minutes of the mpc meeting released on wednesday. after over four years, the reserve bank of india ...



cpi inflation to trend higher; chances of rate hike rising: report




inflation is expected to trend higher and though rbi may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a ubs report. according to the global financial services major, minutes from the february 7 meet of monetary policy committee (mpc) seem "hawkish", an...



economic growth to top 7% in next two quarters: rbi governor urjit patel




fostering monetary conditions conducive to economic growth were a constant consideration for indian policymakers, but would not take priority over achieving the central bank's inflation target, governor urjit patel told a newspaper on monday. patel told the mint newspaper that the economy was recove...



markets live: indices trade flat, nifty above 10,300 mark on global cues




the domestic markets were trading largely flat on friday taking cues from their key asian counterparts. msci's broadest index of asia-pacific shares outside japan lost 0.25 per cent. the index has spent the week swinging wildly in and out of negative territory amid the back-and-forth of the us-china...



rbi to hike rates by 25 basis points in june policy: deutsche bank report




reserve bank of india is expected to hike key policy rates by 25 basis points in june, largely on account of sharp increase in crude oil prices over the last few months, says a deutsche bank research report. the global brokerage had said earlier that it expected rbi to maintain an extended pause and...



rbi says rate hike wasn't meant to boost rupee; analysts say it will




reserve bank of india governor urjit patel signaled that wednesday's interest-rate hike was not aimed at defending the rupee. analysts say that the move will still provide the much-needed support to the currency. for hsbc holdings plc and nomura holdings inc., it bolsters the rbi's credentials on th...



rbi policy: why a hike in rates to tame the oil shock would be a mistake




the rise in oil prices shouldn’t prompt the reserve bank of india to hike rates -- growth is below potential, and the government is controlling the pass-through to domestic prices. what’s more, monetary policy is relatively ineffective against cost-push inflation. even so, the rbi has a strong -...



from fiscal health to monetary policy: everything jaitley, urjit patel said




rbi governor urjit patel on saturday said the monetary policy decisions need to be "forward-looking" and cannot be taken on the basis of day-to-day inflation rates. stating that it is difficult to predict global oil prices, patel said the global charts have shown two-way movement in the recent days ...



rate rate hike and neutral policy stance not conflicting: urjit patel




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rbi refuses to touch repo rates




the reserve bank of india (rbi) has left the repo rate unchanged for the fourth time in a row at 6.25%, while also keeping the reverse repo rate at 6% and the marginal standing facility rate and the bank rate at 6.50%.rbi governor urjit patel cut slr by 50 basis points to 20%, starting june 24....



india's real gdp growth expected to expand at 7.4% in 2018-19: urjit patel




asserting that the indian economy turned in a resilient performance in 2017-18, reserve bank of india (rbi) governor urjit patel has said the country's growth is expected to accelerate next fiscal. patel was addressing the international monetary finance committee on saturday. "the indian economy tur...



opportunities on nifty bank after rate hike




the immediate impact of the reserve bank of india (rbi) monetary policy review has not been negative. the market was braced for a 25 basis hike. the policy statement projects somewhat heightened inflation, but is otherwise positive in its outlook. the central bank expects growth to stay on track. in...



repo rate hike: inflation spectre forces hand, but rbi keeps options open




some of the inflation risks the reserve bank of india (rbi) had flagged in its earlier policy statements have started materialising. growth is lifting, but in an environment of rising crude oil prices, a weakening rupee, and prospects of higher food inflation should the government successfully imple...



rbi status quo on key rate indicates growth will pick up, says finmin




rbi's decision to maintain status quo on policy interest rate is a welcome move and indicates that the growth will pick up from here onwards, a senior finance ministry official said today. "the monetary policy committee (mpc) in its 6th bi- monthly statement, issued on february 7, updated its inflat...



rbi's repo rate hike: two factors that took the market by surprise




the decision to raise the repo rate by 25 bps is surprising for two reasons. the first is that it is being done in expectation of inflation increasing in the coming months, though the targeted rate at 4.8-4.9% is still below the 6% upper band. this was not the stance taken earlier, even as inflation...



is rbi leaning towards an interest rate hike? minutes of meeting suggest so




the most hawkish member of india’s monetary policy panel is likely to get support from an influential colleague, signaling an interest rate increase is more probable than a cut. at the april 4-5 policy meeting, deputy governor viral acharya said there was a revival in investment activity and an im...



markets live: rbi hikes repo rate by 25 bps; indices remain higher




rbi policy decision mpc keeps stance neutral despite repo rate hike rbi policy decision rbi hikes repo rate by 25 bps to 6.25%. first repo rate hike in 4 years reverse repo rate adjusted to 6% from 5.75% ahead of rbi policy index current pt. change % change   s&p bse sensex 35,121.07 +217.86 +0.62 ...



oil prices uncertain, fiscal slippage unlikely, says fm arun jaitley




finance minister (fm) arun jaitley and reserve bank of india (rbi) governor urjit patel on saturday said the movement of oil prices was uncertain. but, the fm was confident that there would be no fiscal slippage next financial year, thanks to buoyancy in revenue. addressing journalists after the pos...



rbi monetary policy live: urjit patel keeps repo rate unchanged at 6%




rbi deputy governor said, 'liquidity conditions continue to normalise'



crude breaches $80 a barrel, pressure on rbi to hike rate




global crude prices have hit $80 a barrel after a gap of three-and-a-half years, increasing the pressure on inflation and on the reserve bank of india to hike the policy rate. while the fiscal math of the government will have to be re-done given the the budget had assumed oil prices at around $65 a ...



no cheap housing, car loans for now as rbi keeps interest rates on hold




the reserve bank of india (rbi) on wednesday maintained a status quo on key interest rates but raised inflation forecast for the remaining period of the current fiscal and cautioned that the recent duty roll back on petrol and diesel and gst rate cuts could result in a fiscal slippage.the 6-member m...



no cheap housing, car loans for now as rbi keeps interest rates on hold




the reserve bank of india (rbi) on wednesday maintained a status quo on key interest rates but raised inflation forecast for the remaining period of the current fiscal and cautioned that the recent duty roll back on petrol and diesel and gst rate cuts could result in a fiscal slippage.the 6-member m...



recovery on cards: morgan stanley sees rbi starting rate hike from year-end




the reserve bank is expected to go for a hike in key policy rates by the fourth quarter of this year, as the country's economic recovery is likely to be on a "surer footing" by then, says a morgan stanley report. the global financial services major, expects the start of a shallow rate hike cycle by ...



rbi governor urjit patel blames regulatory constraints for pnb fraud




in the wake of recent mega pnb fraud, reserve bank of india governor urjit patel said rbi's very limited authority under the banking acts, as well as the custom to hold the psb boards accountable has become problematic. "we at reserve bank also feel anger, hurt and pain at banking sector frauds and ...



slowing uk inflation eases pressure on bank of england




british inflation unexpectedly slowed last month for the first time since october, dousing expectations for a rate hike.