Monetary Policy Review

Rupee rises 26 paise to 70.47 against dollar in early trade amid positive opening in domestic equity market

Forex traders said positive opening in domestic equity market supported rupee, however, foreign fund outflows and rising crude oil prices weighed on local currency.

India's services sector activity growth slips to 12-month low in May amid election disruptions: PMI

Despite the moderation, the services PMI was in the expansion territory for the 12th straight month.

GDP growth in Q4 likely to moderate to 6.1-5.9%, may lead Reserve Bank to cut rates: SBI report

The slip in GDP growth may force the Reserve Bank of India (RBI) to move with a deeper 0.50% in rates at its next review

Sensex, Nifty open on cautious note ahead of RBI policy outcome; Bharti Airtel, Asian Paints, Axis Bank among top gainers

Sensex was trading a tad above the psychological 39,000-level in early deals, up 24.13 points or 0.06 percent at 38,901.25.

Rupee gains 13 paise to 71.32 in early trade post RBI rate cut; weak dollar, easing crude prices help rise local currency

At the Interbank Foreign Exchange, the rupee opened higher at 71.37 then gained further ground to touch 71.32 against the US dollar, showing a gain of 13 paise over its previous closing.

Finance Minister Piyush Goyal to address RBI Board on 9 February; highlight key points of interim Budget

The customary post-Budget meeting with the RBI will take place against the backdrop slight deviation from fiscal deficit target for the current fiscal, tax rebate for income up to Rs 5 lakh and income support scheme for 12 crore farmers

Reserve Bank of India's MPC may change policy stance to neutral on low inflation footprint, say experts

In its December monetary policy review, the Reserve Bank of India had kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise.

Industry calls for rate cut by RBI as retail inflation drops to 18-month low of 2.19% in December 2018

"The continuing deceleration in the growth of WPI and softening of global fuel prices provide ample opportunity to MPC (monetary policy committee) to cut down policy rate at earliest which will kick start investment and revival in overall industrial growth," Assocham said.

Effect of crop MSP hike on inflation will play out gradually, says DEA Secretary Subash Garg on RBI's concerns

For the second time in two months, Reserve Bank of India (RBI) raised the benchmark repo rate to 6.5 percent on inflationary concerns and cited hike in MSP for foodgrain as one of the reasons.

Retail inflation surges to 4.88%, IIP slows to 2.2%: double whammy for govt, Narendra Modi has his task cut out

Both the inflation and IIP figures should remind the Narendra Modi-government of its immediate challenges to kickstart the economic momentum attracting investments and repair the damage caused by demonetisation and poorly planned GST roll out.