INSUBCONTINENT EXCLUSIVE:
RBI Policy: All six members of the MPC voted in favour of maintaining the status quo on policyRBI Monetary Policy Highlights: Reserve Bank
of India (RBI) Governor Shaktikanta Das-led Monetary Policy Committee announced its decision to keep the key lending rates at existing
All six members of the MPC voted in favour of maintaining the status quo on monetary policy, which was in line with economists' expectations
lowest level recorded in more than nine years
The Monetary Policy Committee decided to continue with an "accommodative" policy stance "as long as it is necessary to revive growth, while
ensuring that inflation remains within the target"
All six members of the Monetary Policy Committee voted in favour of maintaining the status quo on policy.RBI Policy: Sensex Rises Over 250
Points, Nifty Touches 12,150Domestic stock markets rose after the announcement of policy decision with the S-P BSE Sensex index adding as
1:59 pm, the Sensex traded 249.72 points - or 0.61 per cent - higher at 41,392.38 while the Nifty was up 25.80 points - or 0.21 per cent -
Gains in financial and pharmaceutical sectors pushed the markets higher however losses in consumer goods and automobile shares capped the
(Read More On How Markets Read RBI Policy Decision Here)RBI Policy: Consumer Inflation Projections Raised The Reserve Bank of India said it
expects consumer inflation to hit 6.5 per cent in the quarter ending March
That meant an upwards revision in its projection of 5.1-4.7 per cent for the second half of the current fiscal year.The RBI forecast
consumer inflation to be in the range of 5.4-5 per cent in the first half of fiscal year 2020-21, higher than its earlier projection of
4-3.8 per cent.RBI Policy: Central Bank Leaves Key Rates Unchanged, Maintains "Accommodative" StanceThe Reserve Bank of India left the repo
rate at the existing level of 5.15 per cent while maintaining an "accommodative" stance of policy
All six members of the Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, voted in favour of maintaining the status quo on
- or 0.10 per cent - higher at 41,181.92 while the Nifty was up 15.55 points - or 0.13 per cent - at 12,104.70
(Read More On Stock Markets Here)RBI Policy: Analysts Say Some Room Available For RBI To Cut Rates After Today's PauseThe RBI is forecast to
next cut rates by 25 basis points to 4.90 per cent in the October-December quarter, though some analysts reckon the central bank will keep
rates on hold for longer.According to CARE Ratings chief economist Madan Sabnavis, consumer inflation appears to have peaked for the time
being and there is scope for further easing of repo rate by 25-50 basis points going forward; however, any such move will be
data-dependent.RBI Policy: Central Bank Seen Staying "Accommodative" In Today's StatementThe RBI is widely expected to continue with an
"accommodative" policy stance without reducing the repo rate in today's policy
According to a poll of economists by news agency Reuters conducted before the Budget announcements, the RBI is expected to keep the repo
rate unchanged until at least October, when it is seen resuming its easing path.RBI Policy: Consumer Inflation Worsened To Highest In Over 5
Years In DecemberConsumer inflation, or the rate of increase in consumer prices, worsened to 7.35 per cent in December - its highest level
recorded in more than five years - primarily driven by food prices.That marked the third consecutive month in which consumer inflation
breached the RBI's medium-term goal of 4 per cent.November: 5.54%October: 4.62%September: 3.99%RBI Policy: RBI Repo Rate Currently Stands At
5.15%Repo rate is the key lending rate at which the Reserve Bank of India lends short-term funds to commercial banks
Currently the repo rate is at 5.15 per cent, following five reductions (four of 25 basis points each and one of 35 basis points) last
Rates Steady In December ReviewIn its last bi-monthly review in December, the RBI surprised the Street by keeping the key lending rates on
after reducing them by a total 135 basis points over past five bi-monthly reviews.RBI Policy: RBI Policy Statement Comes Amid Prolonged
Economic SlowdownThe RBI's policy review comes at a time when the country's economy is staring at a more than 11-year low pace of expansion
estimates, the economy is forecast to grow 5 per cent in the year ending in March.RBI Policy: RBI Top Brass To Hold Press Conference At
12:00 NoonThe RBI's top management will interact with the media in Mumbai from 12:00 noon to 12:45 pm
RBI Governor Shaktikanta Das will address the media 15 minutes after the release of the sixth bi-monthly policy statement of the current
fiscal year.RBI Policy: MPC To Release Statement At 11:45 AMThe Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, will
release a policy statement at 11:45 am
monetary policy statement of the current financial year.
