
Policy action pause by RBI a pleasant surprise: Khara
With uncertainty looming large, this decision was perfectly timed, says SBI chairman Dinesh Khara
With uncertainty looming large, this decision was perfectly timed, says SBI chairman Dinesh Khara
Between Apr 2022 till Feb 2023, the spread between the Fed funds rate and the RBI's repo rate of cumulative increases has now declined to 192 bps, which has been constant since Dec 2022.
To start with, this facility will be extended to travellers from the G-20 countries arriving at select international airports.
ANAROCK chairman Anuj Puri says though 25 bps rate hike is along expected lines, repo rate at 6.5% could have some repercussions on housing uptake as home loan interest rates will head further north.
RBI Governor Shaktikanta Das says the global economic outlook doesn't look as grim now as it did a few months ago.
The RBI may "pause" the repo rate hike in February policy, though it could still guide the markets with a rate action in future that will be purely data dependent, says SBI Research
Q3 FY23 GDP growth revised down to 4.4% . Shaktikanta Das says GDP growth in India remains resilient and inflation is expected to moderate, but the battle against inflation is not over.
The RBI may likely hike rates in smaller magnitude in December policy, attuned to emerging market central banks and the overall rate-setting tone, the SBI Research report says.
The unscheduled meeting on November 3 is only a part of the regulatory obligation, SBI Research says.
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.