New Delhi, Feb 22 (IANS) The tariffs collected from various jurisdictions by the US administration range from $160-175 billion (Chinese companies have paid the highest likely), and the refund could be a ‘mess’ but it would also be a psychological deterrent in imposition of future tariff structure, according to a new SBI Research report.US President Donald Trump has now raised global tariffs to 15 per cent, invoking Section 122 of the Trade Act of 1974, a move that escalates his trade offensi…
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Mumbai, Feb 16 (IANS) Currency in circulation (CiC) in India reached an all‑time high of about Rs 40 lakh crore by January 2026 end, with year‑on‑year growth accelerating to 11.1 per cent from 5.3 per cent last year, a report said on Monday.The report from SBI Research said on an incremental basis (YTD), the currency with public (CWP), accounting for 97.6 per cent of the circulated currency, reached an all time high of around Rs 39 lakh crore. Meanwhile, CiC surged Rs 2.76 lakh crore or 3….
New Delhi, Feb 12 (IANS) India’s trade surplus with the US may cross $90 billion annually after the trade deal, with at least a $45 billion annual additional trade surplus with the US, which is 1.1 per cent of the GDP, and savings of $3 billion in forex reserve, an SBI Research report said on Thursday.The trade deal with the US, back on the heels of wide arc of trade deals with the EU and the UK, catapults India to a unique strategic position wherein the country, as also its exporters, are poi…
New Delhi, Feb 6 (IANS) The RBI Monetary Policy Committee (MPC) is set to announce its decision on the key policy rate on Friday, with economists expecting Central Bank to take a pause in February after the December 2025 rate cut — with tone and forward guidance to be closely watched.The three-day RBI MPC, which began on Wednesday, is likely to signal a nimble, forward-looking response framework amid firm growth and easing external risks post US trade deal, according to Radhika Rao, Executive D…
New Delhi, Feb 5 (IANS) The Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming policy decision on Friday, as despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods, among other reasons.According to economists, the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged.“We believe that the choice of eligible securities i…
New Delhi, Feb 4 (IANS) India now has one of the lowest tariffs among key Asian countries, with the US-India trade deal resulting in a reduction in tariffs on Indian goods to 18 per cent from 50 per cent earlier, and this will help in improving the country’s export competitiveness, according to an SBI Research report released on Wednesday.The tariff rate for India is even lower than Vietnam, which is one of the major trading partners of the US, enabling Indian exports to regain competitiveness…
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, Jan 30 (ANS) The Consumer Price Index (CPI), with the new base year 2024, will increase marginally by 20-30 bps and in the months when food inflation is higher, the new CPI will be low by 20-30 bps, according to an SBI Research report.The government had formed an expert group to measure CPI accurately, with the changing consumption behaviour of the households and to incorporate latest global best practices including methodological developments.The first CPI series based on new base ye…
New Delhi, Jan 28 (IANS) Even as the RBI has cut repo rate by 125 basis points and has proactively injected/announced Rs 6.6 lakh crore in the current fiscal as part of open market operations (OMO), yields are refusing to budge down, as such level of liquidity management has resulted in asymmetric transmission across market segments, an SBI Research report said on Wednesday.This is unprecedented as this is the largest OMO in the history of monetary management. Factoring in the CRR injection, the…
New Delhi, Jan 26 (IANS) India continues to remain the bright spot supported by its strong macro fundamentals and the government capex may cross Rs 12 lakh crore in FY27, a year-on-year growth of 10 per cent, an SBI Research report said on Monday.The nominal GDP growth relevant for Budget math is expected at 10.5-11 per cent with the uptrend in global commodity prices may percolate in a higher WPI.A bit slower nominal growth may hurt tax revenues in FY27, requiring better expenditure planning. H…