New Delhi, June 21 (IANS) The Parliamentary Standing Committee on Finance will be meeting soon to discuss the evolving economic situation in the country amid the uncertainties due to the West Asia crisis.Committee Chairman Bhartruhari Mahtab said: “Despite the serious headwinds, India’s economy is emerging in a better way. There are certain very good indicators where household savings also increased in comparison to last year.” However, the challenge is that private investment is not picking up,…
Latest MPC News & Updates
New Delhi, June 5 (IANS) The reforms, rewards and resilience seen in the RBI MPC decisions can result in potential capital flows of $40 billion, which can pull back the rupee to 92-93 level against US dollar, an SBI Research report said on Friday, adding that it expects rate pause in RBI’s August policy.“We believe RBI will continue to look through inflation prints before taking a considerate call of a potential rate hike. We continue to believe that growth considerations could trump a more …
New Delhi, June 5 (IANS) The RBI’s repo rate decision reflects the wait-and-watch approach to assess the evolving impact of external developments and their implications for domestic growth and inflation before going for interest rate adjustments, industry leaders and economists said on Friday.Amid elevated energy prices, risk of below-normal monsoon and persistent supply-side bottlenecks, the RBI also revised its FY27 GDP growth forecast downward to 6.6 per cent, from 6.9 per cent earlier, wit…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, and maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting.The Standing Deposit Facility (SDF) rate has been kept unchanged at 5 per cent, while the Marginal Standing Facility (MSF) rate remains at 5.50 per cent, RBI Governor Sanjay Malhotra said while announcing the MPC decision.The RBI Governor described 2025 as a challenging year, but noted that infla…
New Delhi, March 24 (IANS) The Reserve Bank of India (RBI) may ‘stay on hold’ in its upcoming monetary policy review (April 6-8), with global developments expected to weigh more on growth than inflation in the near term, according to economists on Tuesday.As the central bank has announced the Monetary Policy Committee (MPC) meetings schedule for FY27, economists at leading investment bank HSBC noted in their report that the current situation is “likely to be more of a growth shock than a price…
New Delhi, March 9 (IANS) The impact of the rise in global crude oil prices on the rate of inflation in India is not estimated to be substantial at this point, as the country’s inflation is near the “lower bound”, Finance Minister Nirmala Sitharaman said in Parliament on Monday.The price of crude oil that India imports has been on a declining trajectory for the past one year, till the geopolitical clashes commenced in West Asia on February 28, 2026, the Finance Minister said in an answer to a …
New Delhi, Feb 6 (IANS) The recently concluded India-EU free trade agreement (FTA) and the prospective India-US trade deal, along with several other trade agreements, will support exports over the medium-term, RBI Governor Sanjay Malhotra said on Friday.Services exports should remain resilient, he said during the RBI MPC meeting which kept the key policy rate unchanged.However, “the spillovers emanating from geopolitical tensions, volatility in international financial markets and shifting trad…
New Delhi, Feb 4 (IANS) After the Union Budget 2026 and the historic India-US trade deal, all eyes are now on the three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting that begins from Wednesday, with the key repo rate decision on Friday.Economists believe RBI Governor Sanjay Malhotra-led MPC is likely to pause any further policy rate cut. The Central Bank is rather set to undertake direct measures to tackle liquidity, bond stability and currency-related risks.The RBI…
New Delhi, Feb 2 (IANS) The Reserve Bank of India (RBI) is set to hold its monetary policy committee (MPC) meeting from February 4-6 and according to economists, the MPC is expected to vote for a pause on a policy rate cut, while the central bank undertakes direct measures to tackle liquidity, bond stability and currency-related risks.The Central Bank has already lowered the repo rate by 125 basis points since February 2025 to 5.25 per cent.“With the government remaining on course its fiscal c…
New Delhi, Dec 22 (IANS) The Reserve Bank of India (RBI) may cut the policy repo rate by 25 basis points to 5 per cent in its February monetary policy meeting given the RBI’s dovish guidance, a new report has said.The Union Bank of India (UBI) said in the report that there is scope for a final 25 bps cut either in February or April 2026, also due to central bank’s repeated references to benign inflation and subdued underlying price pressures.If adjusted for around 50 bps inflation contribution…