Mumbai: The Reserve Bank of India (RBI) Friday maintained policy interest rates and its monetary stance for the seventh straight review meeting citing an uncertain food prices trajectory and the elbow room provided by robust economic growth, thus pushing back the start of a much-anticipated rate easing cycle while extending a status quo to at … Read more
MUMBAI – Indian government bond yields stayed higher on Friday, with the benchmark yield touching a nearly two-month high, as the Reserve Bank of India maintained rates and stance as widely expected while sounding cautious on inflation. The yield on the benchmark 10-year was at 7.1069% as of 11:10 a.m. IST, after closing at 7.0934% … Read more
Mumbai: Temporary food shocks, fiscal consolidation and high real interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a … Read more
Mumbai: Temporary food shocks, fiscal consolidation and high real interest rates have created the scope for reduction in policy interest rates, said external members of the Monetary Policy Committee, but those from the Reserve Bank of India (RBI) believe that the markets are running ahead of policy makers. Prof. J.R. Varma, who voted for a … Read more
The Reserve Bank of India (RBI) Thursday maintained the policy interest rate and monetary stance for the sixth straight meeting citing geopolitical tensions and an uncertain food price trajectory, but forecast robust economic growth next fiscal on sustained capital expenditure by both the public and private sectors. Hopes of an early reduction in rates have, … Read more
