Recent Highlights
All Stories for Rbi Rate Cut
RBI Monetary Policy: Central bank may cut interest rate for 6th time on 5 December, but no cure for economy's ills
• 5 years agoFive interest rate cuts since the start of the year hasn’t stopped India’s economy from slowing to its weakest growth rate since 2013, but the Reserve Bank of India (RBI) is expected to make its sixth cut on Thursday to give what little relief it can
Q2 GDP at 4.5%: With record-low nominal growth at 6.1%, economy is slipping to deeper pain; forget the $5-trillion target
Dinesh Unnikrishnan123 • 5 years agoIndia’s Gross Domestic Product (GDP) for the July-September quarter has come at 4.5 percent, the lowest growth in at least six-and-half years or in 26 quarters and even worse than the first quarter when the economy grew at 5 percent
Q2 GDP growth plunges to over six-year low at 4.5% on deceleration in manufacturing, agriculture, construction sector
Fp Staff • 5 years agoIndia's GDP growth dropped to a six-and-half-years (26-quarter) low of 4.5 percent in the July-September quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture, construction sector output, according to official data released on Friday
RBI to cut rates by 40 bps by February despite high inflation: BofA Merrill Lynch
• 5 years agoHeadline inflation is bound to rise further to 5 percent for November, but despite the pinch in price rise, the Reserve Bank will go for two consecutive rate cuts on growth concerns, a report said on Thursday
India's GDP likely to grow 4.2% in Q2, says SBI research report; cuts FY20 full year growth to 5%
• 5 years agoAn SBI research report on Tuesday sharply cut the country's GDP growth forecast to 5 percent for FY 2019-20 from the earlier projection of 6.1 percent
Rupee ends flat at 70.88 against dollar after RBI rate cut; local currency slumps 32 paise over a week
• 5 years agoThe rupee on Friday closed almost flat at 70.88 against the US dollar after the Reserve Bank of India in a widely expected move cut key interest rates by 0.25 percentage point
Sensex drops over 200 points as RBI cuts GDP forecast, bank stocks tank; rupee pares early gains
Fp Staff • 5 years agoEquity benchmark BSE Sensex dropped over 200 points in afternoon session on Friday, after the RBI sharply cut the country's economic growth projection for this fiscal to 6.1 percent from 6.9 percent
Finance Ministry to hold review meeting with public sector banks today to discuss various issues
• 5 years agoFinance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) on Thursday to discuss various issues, including follow up on transmission of monetary policy rates
Home, auto loans set to become cheaper after RBI cuts interest rate; growth likely to pick up in fourth quarter
• 6 years agoRBI Governor Shaktikanta Das, at a media briefing, said banks have reduced their interest rates on fresh rupee loans by only 29 basis points so far as against 75-basis point cut prior to Wednesday's reduction.
With a 35 bps rate cut bonanza, Reserve Bank of India gifts Centre what it has been asking for; what now?
Dinesh Unnikrishnan123 • 6 years agoBy gifting an unconventional 35 bps rate cut, the MPC has delivered what the government wanted