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RBI MPC Meet LIVE updates: The Reserve Financial institution of India (RBI) governor Shaktikanta Das introduced the Financial Coverage Committee’s (MPC) resolution on key rates of interest in the present day. This marks the primary RBI MPC announcement within the Monetary 12 months 2024-25 (FY25). The central financial institution has saved the repo fee unchanged for the final six consecutive MPC conferences. The repo fee at the moment is at 6.5 per cent. RBI MPC began its three-day assembly on April 3. RBI MPC Meet LIVE updates: RBI governor Shaktikanta Das will announce the repo fee after a gathering of the Financial Coverage Committee.(ANI) RBI financial coverage: What does the MPC do? The MPC’s job is to maintain the nation’s retail inflation inside 4 per cent with a margin of two per cent on both aspect. This committee meets no less than 4 instances a yr to debate the route which the central financial institution desires to soak up the monetary yr because it goals to strike a steadiness between sustaining development and sustaining inflation goal. After this evaluation, the MPC decides whether or not to keep up, elevate, or decrease the repo fee. RBI financial coverage: What to anticipate? The announcement will handle key rates of interest that it is advisable to look out for together with repo fee. You additionally want to take a look at Standing Deposit Facility (SDF) fee, Marginal Standing Facility (MSF) fee and financial coverage stance. These phrases have been defined intimately right here. RBI financial coverage: What’s repo fee? Repo fee is the speed at which the central financial institution lends short-term funds to banks. It at the moment stands at 6.5 per cent and has been unchanged since April 2023. The State Financial institution of India, in its analysis report, acknowledged that fee cuts usually are not doubtless within the MPC as “robust proof of rising financial system central financial institution fee actions are predicated by superior financial system central financial institution fee actions. India is an exception and the primary RBI lower could possibly be in Q3FY25.” RBI monetary policy: Could global macroeconomic conditions impact RBI’s decision? The RBI’s policy decision may be influenced by global economic trends as it comes ahead oft he US Federal Reserve decision on rate cut. US Fed is expected to deliver its first cut in June while risks remain for the cut to happen later in the year. Top things you need to know about RBI MPC Meeting dates: The MPC started its three-day meeting on April 3 which concludes with the RBI governor’s address.Date and time: The policy decision will be announced on April 5 by RBI governor Shaktikanta Das at 10 am.What happens after: A press conference will be held by Shaktikanta Das at noon.Where to watch: Shaktikanta Das’s speech can be streamed online on RBI’s official YouTube channel and official social media handle on X (formerly Twitter).What about other FY25 MPC meets: The next MPC meetings have been scheduled for: June 5-7, 2024, August 6-8, 2024, October 7-9, 2024, December 4-6, 2024 and February 5-7, 2025. Follow all the updates here: Fri, 05 Apr 2024 10:04 AM RBI MPC meet live updates: RBI MPC meet live updates: RBI keeps repo rate unchanged at 6.5 per cent RBI MPC meet live updates: RBI keeps repo rate unchanged at 6.5 per cent Fri, 05 Apr 2024 09:49 AM RBI MPC meet live updates: US Fed and Bank of Japan could have impact on RBI’s rate decision? RBI MPC meet live updates: The US Federal Reserve decided to hold its interest rate steady between 5.25% and 5.2%. The Bank of Japan (BoJ) raised its rate for the first time since 2007 and ended an eight-year negative interest rate regime. Fri, 05 Apr 2024 09:44 AM RBI MPC meet live updates: When and where to watch RBI governor’s speech? RBI MPC meet live updates: RBI Governor Shaktikanta Das is set to announce RBI MPC’s decision on key interest rates today at 10am.Where to watch? The RBI governor’s speech will streamed online on the RBI’s official YouTube channel.Alternatively? You can also watch it on RBI’s official social media handle on X.And…Follow Hindustan Times’ blog for all the LATEST updates. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 09:42 AM RBI MPC meet live updates: Why RBI may not reduce policy rates anytime soon? RBI MPC meet live updates: Owing to predicted heat conditions, agriculture output and food prices can be problematic. Because of this it is unlikely the RBI is going to reduce policy rates any time soon. Fri, 05 Apr 2024 09:40 AM RBI MPC meet live updates: How was MPC constituted and who are the members RBI MPC meet live updates: The Monetary Policy Committee was constituted under the Reserve Bank of India Act, 1934. It is a six-member committee comprising three members from RBI including RBI governor Shaktikanta Das and three members appointed by the Central government. Fri, 05 Apr 2024 09:39 AM RBI MPC meet live updates: What you need to know about SDF rate RBI MPC meet live updates: SDF rate is a rate at which the RBI accepts uncollateralised deposits, on an overnight basis, from banks. Currently, SDF rate is at 6.25 percent. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 09:33 AM RBI MPC 2024 Live Updates: Sensex down 120 points, Nifty below 22,500 ahead of RBI policy decision RBI MPC 2024 Live Updates: Sensex was down 120 points ahead of RBI policy decision while Nifty was below 22,500.  Fri, 05 Apr 2024 09:26 AM RBI MPC 2024 Live Updates: Other key dates for FY25 MPC meets RBI MPC 2024 Live Updates: The next MPC meetings will be held on these dates: June 5-7, 2024 August 6-8, 2024 October 7-9, 2024 December 4-6, 2024 February 5-7, 2025. Fri, 05 Apr 2024 09:24 AM RBI MPC 2024 Live Updates: Why RBI is likely to keep repo rate unchanged RBI MPC 2024 Live Updates: The RBI is likely to keep the policy rate unchanged, considering that growth is robust.  {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 09:20 AM RBI MPC 2024 Live Updates: Deutsche Bank’s analyst on RBI’s MPC meet outcome RBI MPC 2024 Live Updates: Kaushik Das, Chief Economist, India & South Asia, Deutsche Bank, said, “Both repo rate and stance (are) likely to remain unchanged under base case scenario; but can’t rule out the possibility of a change of stance to neutral, given past evidence of the central bank surprising with its decision, particularly in April.” Fri, 05 Apr 2024 09:16 AM RBI MPC Meet LIVE updates: What ICRA expects from policy meet? Aditi Nayar, chief economist ICRA, said, “ICRA believes the policy stance is unlikely to be changed before the August 2024 MPC review, until there is visibility on the monsoon turnout as well as the sustenance of growth momentum and the US Fed’s rate decisions.” Fri, 05 Apr 2024 09:10 AM RBI MPC Meet LIVE updates: What Nirmala Sitharaman mentioned on GDP development? Finance minister Nirmala Sitharaman expects This fall (January-March 2024) GDP development to be 8 per cent or above 8 per cent.  {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 09:07 AM RBI MPC Meet LIVE updates: What does MPC do? RBI MPC did this in February. RBI MPC will make an announcement in the present day. RBI MPC decides repo fee. An excessive amount of speak about RBI MPC, proper? So what’s it? Financial Coverage Committee’s goal is to maintain the nation’s retail inflation inside 4 per cent with a margin of two per cent on both aspect. It meets no less than 4 instances a yr to carry talks on the route the central financial institution within the monetary yr. The target is to strike a steadiness between sustaining development and sustaining the inflation goal. Fri, 05 Apr 2024 09:04 AM RBI MPC Meet LIVE updates: Two issues it is advisable to learn about Indian financial system in Q3FY24 India’s financial system grew at 8.4 p.c in Q3 of FY24, quickest amongst main economies. The expansion was fuelled by a robust efficiency within the manufacturing and development sectors. Fri, 05 Apr 2024 09:02 AM RBI MPC Meet LIVE updates: What Goldman Sachs mentioned on RBI resolution? Goldman Sachs mentioned in its report, “We anticipate the RBI to take consolation from declining core inflation, barely soften its hawkish ahead steering, however stay cautious given upside dangers to meals inflation from climate shocks, and repricing of the Fed funds fee easing path.” {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 08:59 AM RBI MPC Meet LIVE updates: What it is advisable to learn about core inflation forward of coverage announcement? Core inflation refers back to the non-food, non-oil a part of inflation. It’s a key measure of value developments used for coverage formulation. At the moment, core inflation has eased to three.3 per cent. Fri, 05 Apr 2024 08:54 AM RBI MPC Meet LIVE updates: 5 elements which will influence central financial institution’s repo fee resolution For the uninitiated, listed here are 5 elements that might influence RBI’s repo fee resolution. Only a 2-minute learn please. Fri, 05 Apr 2024 08:48 AM RBI MPC Meet LIVE updates: RBI has to look out for crude oil costs too. Here is why Crude oil costs have been impacted by geopolitical tensions amid Israel-Hamas warfare. As costs are anticipated to stay elevated, the RBI might want to account for the influence of the identical on inflation.Looks like the central financial institution has their work lower out for them. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 08:41 AM RBI MPC Meet LIVE updates: Will heatwave warning in India influence RBI’s resolution? Heatwave warning India for the April-June interval, significantly impacting the central and western peninsular areas, could doubtless influence the agricultural financial system, resulting in inflationary pressures as commodity costs rise.So heatwave does play a task. How a lot? That continues to be to be seen. Fri, 05 Apr 2024 08:30 AM RBI MPC Meet LIVE updates: A take a look at retail inflation in February India’s retail inflation in February remained principally unchanged from a month in the past. The Shopper Value Index-based inflation stood at 5.09% in February. It was 5.1% in January.Why does this matter?As a result of it’s inside the RBI’s goal band of 2-6% inflation that has been set for it by the federal government. Fri, 05 Apr 2024 08:22 AM RBI MPC Meet LIVE updates: How inventory markets closed forward of RBI resolution? Indian inventory market closed in inexperienced on April 5 as Nifty surged 80 factors to shut at 22,514. Sensex additionally gained 350 factors to shut at 74, 227. Within the Nifty 50 listing, 31 shares closed in inexperienced whereas 19 closed in crimson. How will markets react after the announcement of outcomes, you ask?That relies on the MPC outcomes. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 08:19 AM RBI MPC Meet LIVE updates: Whereas we’re at it, let us take a look at GDP numbers too. As a result of why not? The Reserve Financial institution of India could revise its projection of India’s GDP after a shock enhance within the third quarter of the present monetary yr. You ask what’s the GDP in February? India’s gross home product (GDP) grew 8.4 per cent within the December quarter, information confirmed. Fri, 05 Apr 2024 08:13 AM RBI MPC Meet LIVE updates: Will RBI get impacted by US Fed? The RBI’s coverage resolution could also be influenced by international financial developments and comes forward of the US Federal Reserve’s anticipated first lower in June, as per a Reuters ballot. Owing to this, the RBI may maintain off on any important fee cuts till no less than July, JPMorgan predicted.It is all associated, in any case. Fri, 05 Apr 2024 08:08 AM RBI MPC Meet LIVE updates: What Morgan Stanley mentioned on RBI fee lower Morgan Stanley expects RBI to behave in October as an alternative of June. Why? India’s better-than-expected development, it mentioned.  {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 08:00 AM RBI MPC Meet LIVE updates: Is central financial institution’s resolution impacted by state of Indian financial system? The quick reply is: Sure. The lengthy reply is: Indian financial system is on an upswing and development forecasts recommend a sturdy efficiency forward which can outcome within the RBI adopting a cautious stance on fee changes.On India’s financial system, the World Financial institution mentioned in its current report, “In India, which accounts for the majority of the area’s financial system, output development is anticipated to succeed in 7.5% in FY23/24 earlier than returning to six.6% over the medium time period, with exercise in providers and trade anticipated to stay sturdy.” Fri, 05 Apr 2024 07:53 AM RBI MPC Meet LIVE updates: What occurred within the final MPC assembly? Here is a one line throwback Within the final coverage announcement which was held on February 8, the MPC left key repo fee unchanged at 6.5% for the sixth consecutive time.An identical announcement in the present day as properly? Fri, 05 Apr 2024 07:51 AM RBI MPC Meet LIVE updates: You’re going to hear financial coverage stance in the present day, so much. So what’s it? There are numerous financial coverage stances. Accommodative stance means the central financial institution is ready to increase the cash provide to spice up financial development. Impartial stance implies that the central financial institution can both lower fee or enhance fee.Hawkish stance implies that the central financial institution’s high precedence is to maintain the inflation low. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 07:42 AM RBI MPC Meet LIVE updates: What’s repo fee? Earlier than the RBI declares its resolution on repo fee, here is what it means. Repo fee is the speed at which RBI gives liquidity to banks towards collateral of presidency and different accepted securities. Fri, 05 Apr 2024 07:37 AM RBI MPC Meet LIVE updates: What are the present charges? Repo Fee is 6.5%, Standing Deposit Facility Fee is 6.25%, Marginal Standing Facility Fee is 6.75%, Financial institution Fee is at 6.75% and Fastened Reverse Repo Fee is at 3.35%. Fri, 05 Apr 2024 07:34 AM RBI MPC Meet LIVE updates: Will repo fee be modified? The RBI’s Financial Coverage Committee is anticipated to maintain the important thing coverage charges unchanged for the seventh consecutive assembly. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Fri, 05 Apr 2024 07:10 AM RBI MPC Meet LIVE updates: RBI to announce financial coverage in the present day The Reserve Financial institution of India (RBI) governor Shaktikanta Das will announce the primary financial coverage of the monetary yr 2024-25 in the present day because the evaluate assembly of the central financial institution’s Financial Coverage Committee (MPC) ends. Information / Enterprise / RBI MPC meet stay updates: RBI retains repo fee unchanged at 6.5 per cent

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