At its upcoming meeting, which is set for April 6–8, the monetary policy committee (MPC) is expected to vote in favour of a 25 basis point increase in the policy repo rate, according to economists, as the February MPC review minutes highlighted internal members’ elevated concerns over core inflation and hawkish communication. The February MPC…
The recovery in local markets helped the rupee trim its initial losses and end the day unchanged at 82.54 (provisional) vs the US dollar. The local currency started the day at 82.59 versus the dollar on the interbank foreign exchange market and fluctuated during the day between a low of 82.66 and a high of…
The majority of financial industry professionals anticipate the Monetary Policy Committee (MPC) to opt for a moderate repo rate increase of 25 basis points during its policy review meeting this week. Monday marks the beginning of the MPC’s three-day deliberations, and February 8 marks the announcement of the result. In his most recent bimonthly monetary…
The central bank should first try and bring down retail inflation to 6% – the upper band of its medium-term target – before modifying the pace of its rate increases Said C Rangarajan, the best-known economist and former governor of the Reserve Bank of India (RBI) Although the central bank does not set a specific…
Shaktikanta Das, governor of the Reserve Bank of India (RBI), aimed to soothe worries on Wednesday that the Monetary Policy Committee’s explanation to the government on a breach of the inflation target would not be made public. Das claimed that because this was sensitive material, the RBI was not authorized to reveal the contents, but…
