MPC meet: RBI hikes repo rate by 50 bps to 5.4% to tame inflation
The 3rd hike in a row pushes the key policy rate to the pre-pandemic levels; RBI's FY23 forecast on inflation and GDP remains unchanged at 6.7% and 7.2%, respectively
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RBI governor defends rupee; says zero tolerance for bumpy movements
RBI says the rupee is holding up “well” relative to both advanced and EME peers, and the movement of the rupee has been smooth despite global spillovers
'No change’: RBI on reports about changing Mahatma Gandhi’s photo on banknotes
There is no such proposal, says the RBI; the apex bank supplies banknotes in denominations of ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2,000 in the country.
Quantum of rate hike proves RBI was behind the curve
After being sanguine about inflation, out-of-turn MPC meet endorses 40-bps repo rate hike.
High inflation, declining forex forces RBI to hike rates
While a majority of indices tanked today due to rate hike by RBI, LIC IPO was saved from dampening spirit of the Indian stock markets in the nick of time.
RBI hikes repo rate by 40 bps in surprise MPC meet
The monetary panel has decided to retain its accommodative stance from its meeting in April, with an eye accommodation withdrawal.
Why RBI is coy about raising interest rates
It is no secret that RBI is more worried about managing central government's mounting debt – up from 45.7% of the GDP in FY19 to 59.3% in FY21 – more than 90% of which is from internal sources.
Eye on inflation, RBI goes after liquidity with Standing Deposit Facility
Governor Shaktikanta Das has said that RBI will undertake a gradual, multi-year exercise to withdraw the ₹8.5 lakh crore liquidity overhang in the economy.
RBI monetary policy: Repo, reverse repo rates unchanged
The six-member monetary policy committee maintained an "accommodative" stance "as long as necessary".
Economy showing signs of revival: SBI chairman Khara
Dinesh Khara took over as chairman of the State Bank of India at the peak of the pandemic. Talking to Fortune India, Khara says he believes that FY22 is already showing signs of a revival.
