Retail inflation at 16-month high: RBI likely to go for yet another rate cut despite CPI breaching central bank's medium-term target
• 5 years agoMost economists, however, expect the RBI’s MPC to look past the inflation data and cut rates for a sixth straight time next month with economic growth and industrial output sagging to six-year lows.
RBI likely to go for further policy easing in 4 October meet; inflation may stay within central bank's projection: Experts
• 5 years agoIt further said the RBI's FY'20 GDP growth projection of 6.9 percent "appears too optimistic" and is widely expected to be downgraded at the 4 October policy meeting.
RBI’s change in monetary policy stance is as good as additional 25 basis-point rate cut, says governor Shaktikanta Das
• 6 years agoWhile the RBI has cut rates by 75 bps since the start of 2019, banks have only eased their key lending rate by 15-20 bps.
Gold prices zoom Rs 930 to Rs 35,800 per 10 gram on firm global cues after Fed chief hints at rate cut soon
• 6 years agoMeanwhile, globally spot gold was trading at $1,420.80 an ounce. Similarly, silver was also up at $15.24 per ounce in New York.
Asian shares hit five-week highs, wager all on dovish Fed; US-China meet end of month revive trade hopes
• 6 years agoAsian shares hit five-week highs on Wednesday as investors hoped the Federal Reserve would follow the lead of the European Central Bank and open the door to future rate cuts at its policy meeting later in the day
RBI monetary policy: Sharp slowdown in investment activity, moderation in consumption growth matter of concern, says MPC
• 6 years agoAll six of the MPC members voted for 25 basis points cut, and for the policy stance to be changed to “accommodative” from “neutral”
Maruti posts steepest decline in sales in 8 years in May; what does demand slump tell us about state of Indian economy
Dinesh Unnikrishnan123 • 6 years agoRBI may slash repo rate by 25 bps in June amid subdued domestic industrial activity, global slowdown woes: Report
• 6 years agoAccording to the report, on the domestic front, subdued industrial activity and uncertainty on trade will add to the delay in the revival of industrial investment.
Gold prices near four-month low as Fed Reserve stance boosts dollar; yellow metal on course for a weekly drop
• 6 years agoSpot gold was hardly changed at $1,272.01 per ounce. In the previous session, the yellow metal dropped to $1,265.85, its lowest since end-December.
US stocks down, S&P 500 snaps 3-day streak after comments from Fed chair Jerome Powell dampen rate cut hopes
• 6 years agoAs Powell spoke, traders of US short-term interest rate futures began trimming bets the Fed will cut rates before the end of the year