NSO pegs India’s GDP growth at 5% for FY20
Advance estimates from the National Statistical Office (NSO) peg India’s GDP to grow at 5% in FY20 as compared to FY19’s 6.8%; manufacturing is projected to grow just 2%.
rbi monetary policy
January 2020
December 2019
October 2019
August 2019
Inflation nudged RBI to wait and watch
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
Caution is the investment mantra for 2020
While benchmark indices continue to hit new highs, the jury is divided on the fate of markets in the ensuing year.
RBI holds fire: No rate cut
After five straight rate cuts of 135 basis points, the MPC has hit the pause button for greater clarity on inflation and the scope of fiscal measures undertaken by the government recently.
India Inc. reacts to RBI’s rate cut decision
The MPC’s decision to continue its accommodative policy stance as long as it is necessary to revive growth cheers industry.
RBI slashes repo rate by 25 bps to 5.15%
The central bank, according to the policy statement, intends to continue with an accommodative stance as long as it is necessary to revive growth, while ensuring inflation remains within target.
RBI cuts repo rate to arrest slowdown
The 35 basis point repo rate cut is not the first unconventional rate action from the central bank as two repo rate actions in March 2003 saw a 40 and 10 basis points reduction in a matter of 13 days.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
Monday blues for equity markets
While broader indices Sensex and Nifty 50 fell over 701 and 214 points respectively in intraday trade, S&P BSE MidCap and SmallCap fell 2.15% and 2.59% to record new 52-week lows.
