Thursday, 30 June, 2022
TopicInterest rate cut

Topic: Interest rate cut

RBI’s new MPC should focus on transmission. Without that, more rate cuts can be pointless

RBI must work towards better transmission mechanism, for which India needs deep & liquid bond market, competitive banking sector & regulatory framework.

High inflation expected to prevent ‘dovish’ RBI from cutting interest rates tomorrow

While RBI Governor Shaktikanta Das led the previous monetary policy committee in cutting rates by 115 basis points, he’s taken a more cautious approach recently as consumer prices spiked.

Interest rate cut to counter coronavirus could backfire for economies like India

Interest rate cuts could push emerging economies such as India into a quagmire of runaway inflation and currency weakness.

How India has become an economy facing stagflation from one that was a world-beater

At the heart of India’s problems is a slump in consumption following a combination of policy missteps. Now, stagflation is looming.

RBI needs to take unconventional steps as rate cuts aren’t helping economy: Bond manager

RBI should pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, says IDFC AMC’s Suyash Choudhary.

HDFC Bank sees signs of economy reviving in rural and semi-urban areas

Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.

RBI’s 5th repo rate cut this year decade’s lowest, making home and auto loans cheaper

The repo rate cut, the 5th in a year the economy has seen a slowdown, is aimed at pushing up consumption during festival season by lowering borrowing costs.

Growth, inflation, financial stability – issues to watch as RBI is set to cut rates today

While all 33 economists surveyed by Bloomberg News expect a reduction, their forecasts range from 20 basis points to 40 basis points.

On Camera

YourTurn

Representational image | Islam devotees offer Friday prayers during Ramadan, Patna, April 2022 | PTI

Quran says no one can limit others’ freedom. Udaipur killing violates Islam’s golden rule

Throughout history, Islamic scholars have uniformly agreed that respecting and obeying the law of the land is an essential aspect of faith.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
×