RBI prioritises inflation over growth; rate cut likely by Dec, say experts
The RBI maintains status quo for the 9th straight time, keeps repo rates unchanged at 6.5% and the MSF at 6.75%
The RBI maintains status quo for the 9th straight time, keeps repo rates unchanged at 6.5% and the MSF at 6.75%
RBI Governor Shaktikanta Das says MPC is committed to ensuring price stability, which results in a period of sustained growth
Jayanth Varma voted to reduce the repo rate by 25 basis points and to change the stance to neutral.
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley
Higher U.S. inflation will keep rates higher for longer worldwide including India, warns Uday Kotak.
GDP growth for the current financial year 2024-25 is projected at 7%
The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.2 last month, surpassing February's 60.6 reading.
The strong evidence of emerging economy central bank rate actions is predicated by advanced economy actions, but India is an exception, says SBI
There has been a stable downward movement in core inflation and moderation in food prices; core inflation for FY24 lowest since FY21, says the ministry
The rate-sensitive stocks witnessed choppy trade after the RBI policy announcement, with auto realty, and bankex indices sliding up to 1%.