India needs 'far more affordable' interest rates: FM
Nirmala Sitharaman says this is one of the requirements if India aspires to become a 'Viksit Bharat', not just an aspiration but a reality
Nirmala Sitharaman says this is one of the requirements if India aspires to become a 'Viksit Bharat', not just an aspiration but a reality
Food inflation drives surge as it has alone pushed the headline WPI print up by as much as 63 bps between September and October 2024
Union Commerce Minister advocates for a repo rate cut, questioning the inclusion of food inflation in interest rate decisions, citing it as a demand-supply issue
The change in stance provides flexibility to the MPC while enabling it to monitor the progress on disinflation which is still incomplete.
HSBC says some growth indicators are softening, though it may be rotation between sectors rather than a slowdown; core inflation remains low but food and fuel could fall
Historical trends suggest that the Reserve Bank of India often aligns its policy direction with the U.S. Federal Reserve.
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