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New Delhi: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) could consider a rate cut in February if food inflation declines in January, according to a report by ICICI Bank.The report emphasized that a deceleration in food prices may strengthen the case for easing policy rates to support economic growth. It said, “Expected…
RBI Collateral-Free Agricultural Loan: The Reserve Bank of India (RBI) has announced an increase in the limit for collateral-free agricultural loans, raising it from Rs 1.6 lakh to Rs 2 lakh per borrower, effective from January 1, 2025. This move, according to the Ministry of Agriculture and Farmers Welfare, is designed to help address rising…
Mumbai: The surge in the Indian stock market on Friday helped the Indian benchmark indices end the week on a positive note. A strong 2,000-point rebound from the lows suggests that the buy-on-dips strategy is working well in the market, experts said on Saturday. “With inflation coming within the RBI’s tolerance level and an expectation…
Mumbai: Newly appointed RBI Governor Sanjay Malhotra on Wednesday said the central bank will maintain continuity and stability in policy matters with a greater use of technology to promote financial inclusion. Addressing his first press conference after taking charge at the central bank, the IIT-Kanpur graduate said he would work toward further use of technology…
Mumbai: Outgoing Reserve Bank Governor Shaktikanta Das said on Tuesday that restoring inflation-growth balance is the most important task ahead of the central bank. Addressing a press conference on his last day as the central bank chief, Das said his successor will have to navigate the changing world order, effectively deal with cyber threats, and…
RBI Podcast Service: In the latest move towards effective communication, the Reserve Bank of India has decided to launch podcasts for wider dissemination of information that is of interest to the public. Over the years, the RBI has expanded its communication toolkit and techniques to enhance transparency and better connect with the people. In continuance…
New Delhi: Reserve Bank of India Governor Shaktikanta Das who is nearing the end of his second term, recently avoided a question about his future during a press interaction. When asked about it, he responded, “I am not giving you any headline and I think it is better we stick to monetary policy,” during his…
New Delhi: The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report. Inflation is expected to ease towards the end of this fiscal,…
Mumbai: Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday. FIIs returning to India in expectation of a dovish monetary policy…
New Delhi: Leading industry chambers on Friday welcomed the RBI decisions especially around the repo and cash reserve ratio (CRR) rates, saying that these measures would ensure a better balance between growth and inflation management. They appreciated the calibrated steps undertaken by the central bank during its three-day Monetary Policy Committee (MPC) meeting, including cutting…