The Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.15 percent in its sixth bio-monthly policy meeting while retaining accommodative stance. The central bank consistently cut the repo rate by 135 bps in the last five meetings before this."The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture," the RBI said in its note.Accordingly, the MPC has decided to keep the policy repo rate unchanged and continue with the accommodative stance as long as it is necessary to revive growth while ensuring that inflation remains within the target.Close The BSE Sensex was down 86.40 points at 40,763.89 and the Nifty fell 32.50 points to 12,010.70 amid volatility as the market was expecting a repo rate cut by 25bps. related news Experts say RBI may cut repo rate by 60-70 bps in 2020; 15 rate-sensitive stocks to bet on … [Read more...] about RBI Credit Policy | Analysts expect RBI to cut rate in Feb
San antonio citizens federal credit union
Indian markets reversed gains on December 5 after the Reserve Bank of India’s monetary policy committee (MPC) in a surprise move left the rates unchanged.The Sensex, which was trading above 41,000, slipped 200 points, while the Nifty pared gains to turn negative but found some support around 12,000 levels.Close The MPC kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 5.15 percent against wide expectations of at least 25 bps rate cut. related news Won't hesitate to prevent collapse of any large NBFC, says RBI's Shaktikanta Das Why RBI's status quo was in the offing The MPC also decided to continue with an accommodative stance as long as it was necessary to revive growth while ensuring that inflation remained within the target.These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent, while supporting growth.“A … [Read more...] about Top 5 reasons why Sensex fell after RBI leaves rates unchanged
In the December 5 episode of In The News podcast, host Dustin Yarde talks to Moneycontrol's Ruchira Kondepudi, Shraddha Sharma and M Saraswathy to delve deeper into the top news stories of the day.Kondepudi gives an update of the RBI's policy meeting, where its Monetary Policy Committee (MPC) unanimously decided not to cut interest rates.Close Sharma later discusses former Union Minister P Chidambaram's press conference where he takes a swipe at Finance Minister Nirmala Sitharaman on the current economic situation in India. related news MC Special podcast | RBI’s credit policy review raises concerns over economic recovery MC Special podcast | Greed, revenge or power play: What is the motive behind frauds? On the Ball podcast| IND vs WI T20I series preview: Windies are underdogs but could be a tough team to beat She gives us the latest update on PNB scam accused Nirav Modi, who has been declared a fugitive offender under the Fugitive Economic Offenders Act, by … [Read more...] about In The News podcast | Chidambaram mocks Sitharaman, MPC keeps key rate; Unnao rape victim burnt and more
The controversial Citizenship (Amendment) Bill, which has sparked widespread protests from the northeastern states and Opposition parties, has been passed by the Cabinet and is likely to be tabled in the Lok Sabha on December 9.The Bill was passed by the Lok Sabha in January but lapsed without being cleared in Rajya Sabha. The Modi government has made passing of the Bill top priority and the process to ease the concerns of the Northeastern states is underway with Home Minister Amit Shah meeting with representatives of those states.Here we look at the major talking points of an amendment which seeks to redefine the definition of nationality of a nation which has been grappling with influx of illegal immigrants:Close What is the Citizenship (Amendment) Bill, 2019? related news India's air passenger traffic grows 3.6% in October; pace slower than seen in 2018: IATA Canada Pension Plan Investment Board to invest up to $600 mn in India through NIIF MHA sanctions Rs 100 cr to set … [Read more...] about What is the Citizenship (Amendment) Bill 2019 and why is it in the news?
Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document