New Delhi, June 22 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to maintain a wait-and-watch approach amid elevated uncertainty, with falling crude oil prices and a stronger rupee expected to cushion inflation risks, a report said on Monday.”Uncertainty is too high for immediate action. Hold now, stay neutral, wait for clarity and keep optionality open is the underlying message of the MPC minutes,” the report from SBI Research said.The report highlighted that the …
Latest Monetary Policy Committee News & Updates
New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
New Delhi, June 8 (IANS) State Bank of India (SBI), the country’s largest lender, on Monday presented a dividend cheque of Rs 8,813 crore to the Central government for the financial year 2025-26.The dividend cheque was handed over to Union Finance Minister Nirmala Sitharaman by SBI Chairman C.S. Setty.The Finance Minister’s Office shared the development on social media platform X, stating that FM Sitharaman received the dividend cheque from the SBI Chairman.“Finance Minister Nirmala Sitharaman…
New Delhi, June 6 (IANS) The Reserve Bank of India’s latest policy measures aimed at attracting foreign capital could potentially bring nearly $50 billion in inflows, while further gains may come if India secures greater participation in global bond indices, a report has said.According to ICICI Bank Global Markets, measures announced by the central bank, including support for foreign currency deposits, concessional foreign exchange swap facilities for certain external borrowings and broader ac…
Mumbai, June 5 (IANS) Indian equity markets ended lower on Friday as investors reacted to the Monetary Policy Committee (MPC) decision and continued to assess global economic uncertainties.The benchmark indices closed lower, with the Nifty declining 49.85 points, or 0.21 per cent, to settle at 23,366.70. The Sensex also slipped 116.67 points, or 0.16 per cent, to close at 74,243.34.Commenting on Nifty technical outlook, experts said that the 23,450–23,550 region continues to serve as a key imm…
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased.Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs, he remarked during his speech after the Monetary Policy Committee (MPC) meeting.“Third, a facility of concessional forex swap w…
Mumbai, June 5 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday unanimously decided to keep the policy repo rate unchanged at 5.25 per cent, in line with the expectations from economists. The Standing Deposit Facility (SDF) rate was set at 5 per cent, while the Marginal Standing Facility (MSF) rate and the bank rate stood at 5.5 per cent.Announcing the decision of the second bi-monthly monetary policy meeting for FY27, held from June 3-June 5, RBI Governor San…
New Delhi, June 5 (IANS) The Reserve Bank of India is set to announce its monetary policy decision on Friday after the three-day Monetary Policy Committee meeting — chaired by Governor Sanjay Malhotra — with experts widely expecting the repo rate to remain unchanged amid geopolitical tensions and rising crude oil prices.The policy decision comes against the backdrop of escalating geopolitical tensions in West Asia, which have pushed up crude oil prices.Experts largely anticipate a status quo o…
Mumbai, June 4 (IANS) Indian equity markets ended largely flat in a range-bound session on Thursday as investors remained cautious ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) decision, which is set to be announced on Friday.The Nifty closed 10.95 points or 0.05 per cent higher at 23,416.55, while the Sensex ended marginally up by 13.84 points or 0.02 per cent at 74,360.01.Commenting on technical outlook, experts said that 23,500 remains the critical decision zone for t…