
RBI MPC meet: Brace for 'prolonged' repo rate pause at 6.5%, says SBI
Policy meeting expected to see RBI continuing with "withdrawal of accommodation" stance as inflation is unlikely to tread below 5% in the rest of FY24
Policy meeting expected to see RBI continuing with "withdrawal of accommodation" stance as inflation is unlikely to tread below 5% in the rest of FY24
The RBI is widely expected to maintain a wait and watch approach and keep the policy repo rate unchanged for the third straight time at 6.5%.
RBI widens of scope of framework for resolution of stressed assets, streamlines BBPS processes and membership criteria, and issues guidelines on default loss guarantee arrangement in digital lending
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
With the latest rate hike, which was in line with the market expectations, the apex bank has raised the repo rate by over two percentage points in half a year.
The RBI is widely expected to opt for a lower rate hike of 35-50 bps in interest rates, along with a change in policy stance to “neutral”.
Investors will keep a close eye on macroeconomic data such as monthly GST collection, manufacturing and services PMI, while quarterly results by big players will also be watched.
India's retail inflation rate jumped to 7.4% in September from 7% in the month of August.
The rupee touches 81.94 against the dollar. It has already depreciated 9% against the US dollar in 2022 so far.
The RBI is widely expected to raise the policy rate by another 50 bps at its policy meeting at the end of this month