Thursday, 23 May, 2019
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RBI Governor Shaktikanta Das

RBI governor Shaktikanta Das’s idea of a 10 basis points rate cut would be meaningless

A 10 basis points cut would hardly have any impact on the Indian market. Instead, RBI needs to consider bigger cuts to impact interest rates.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

RBI’s second rate cut comes amid slowdown of world’s fastest growing economy

The RBI is on course for its most aggressive monetary policy easing in more than 3 years, as it seeks to support the economy in the face of risks both at home and abroad.
RBI

RBI is right to cut, luckily

India's interest-rate cut was justified, given that Inflation is well below target and growth is slowing across all major economies.
RBI Headquarters in Mumbai

Weakening economy adds to case for RBI to hold rates this week

After breaking 8% mark in June quarter, growth eased to 7.1% on back of rate hikes in June & August, funding squeeze & subdued farm growth.
RBI logo

Equity investors hold cash as they fear another RBI rate increase today

Investors expect RBI to increase borrowing costs & want to have plenty of money to deploy when it’s time to invest again.
Urijit Patel

RBI may hike interest rates to rein in inflation, boost the rupee

Inflation has been rising steeply, as it peaked at 5% in June, especially in the backdrop of a weak rupee and higher oil prices, India’s primary import commodity.

Rising inflation worries could push RBI to raise interest rates again

Surge in oil prices & a falling rupee are mounting pressure on the central bank to act soon while inflation keeps rising.
In June, the Reserve Bank of India had raised rates for the first time since 2014 | Adeel Halim/Bloomberg

Surging housing costs may prompt RBI to raise rates again

The central bank has been vocal on the need to curb inflation. It will surely raise interest rates by 50 basis points in next 12 months.
RBI logo

Minutes of RBI policy meeting indicate an interest rate increase, not a cut

Despite lowering inflation projections just two weeks ago, the tone of the minutes show the debate was veering toward a possible interest rate increase and the next meeting could see the split deepening.  The most hawkish member of India’s monetary policy panel is likely to get support from an influential colleague, signaling an interest rate increase is more probable than a cut. At the April 4-5 policy meeting, Deputy Governor Viral Acharya said there was a revival in investment activity and an improvement in capacity utilization, which boded well for the economy. As a result, he was switching from a neutral stance to shift “decisively to vote for a beginning of ‘withdrawal of accommodation’ in the next monetary policy meeting in June.” Minutes of the policy meeting this month showed most members of India’s monetary policy committee are optimistic that Asia’s third-largest economy will rebound this year with the output gap closing, a...

On Camera

2019 result

What can we expect from Narendra Modi in his second term?

The BJP-led NDA is set to come back to power as Narendra Modi’s party registers a landslide victory in the 2019 Lok Sabha elections.

Defence

Pakistan sends a ‘message’ to Modi, test-fires nuclear missile on day of his poll sweep

Pakistan tested ballistic missile Shaheen-II, which has a range of 1,500 km. Indian security experts say timing of the test clear signal to new govt.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.