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RBI MPC Meet LIVE updates: The Reserve Bank of India (RBI) governor Shaktikanta Das will announce the Monetary Policy Committee’s (MPC) resolution on key rates of interest right now. This marks the primary RBI MPC announcement within the Financial Year 2024-25 (FY25). The central financial institution has saved the repo price unchanged for the final six consecutive MPC conferences. The repo price at the moment is at 6.5 per cent. RBI MPC began its three-day assembly on April 3.
RBI financial coverage: What does the MPC do?
The MPC’s process is to maintain the nation’s retail inflation inside 4 per cent with a margin of two per cent on both facet. This committee meets at the least 4 instances a 12 months to debate the route which the central financial institution needs to absorb the monetary 12 months because it goals to strike a stability between sustaining progress and sustaining inflation goal. After this evaluation, the MPC decides whether or not to keep up, elevate, or decrease the repo price.
RBI financial coverage: What to anticipate?
The announcement will handle key rates of interest that it’s worthwhile to look out for together with repo price. You additionally want to have a look at Standing Deposit Facility (SDF) price, Marginal Standing Facility (MSF) price and financial coverage stance. These phrases have been defined intimately right here.
RBI financial coverage: What is repo price?
Repo price 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 Bank of India, in its analysis report, acknowledged that price cuts are usually not possible within the MPC as “strong evidence of emerging economy central bank rate actions are predicated by advanced economy central bank rate actions. India is an exception and the first RBI cut could 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:
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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.
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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.
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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.”
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Fri, 05 Apr 2024 09:16 AM
RBI MPC Meet LIVE updates: What ICRA expects from policy meet?
Aditi Nayar, chief economist ICRA, stated, “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.”
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Fri, 05 Apr 2024 09:10 AM
RBI MPC Meet LIVE updates: What Nirmala Sitharaman said on GDP growth?
Finance minister Nirmala Sitharaman expects Q4 (January-March 2024) GDP growth to be 8 per cent or above 8 per cent.
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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 today.
RBI MPC decides repo rate.
Too much talk about RBI MPC, right? So what is it?
Monetary Policy Committee’s objective is to keep the country’s retail inflation within four per cent with a margin of two per cent on either side. It meets at least four times a year to hold talks on the direction the central bank in the financial year. The objective is to strike a balance between sustaining growth and maintaining the inflation target.
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Fri, 05 Apr 2024 09:04 AM
RBI MPC Meet LIVE updates: Two things you need to know about Indian economy in Q3FY24
- India’s economy grew at 8.4 percent in Q3 of FY24, fastest among major economies.
- The growth was fuelled by a strong performance in the manufacturing and construction sectors.
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Fri, 05 Apr 2024 09:02 AM
RBI MPC Meet LIVE updates: What Goldman Sachs said on RBI decision?
Goldman Sachs said in its report, “We expect the RBI to take comfort from declining core inflation, slightly soften its hawkish forward guidance, but remain cautious given upside risks to food inflation from weather shocks, and repricing of the Fed funds rate easing path.”
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Fri, 05 Apr 2024 08:59 AM
RBI MPC Meet LIVE updates: What it’s worthwhile to learn about core inflation forward of coverage announcement?
Core inflation refers back to the non-food, non-oil a part of inflation. It is a key measure of worth tendencies used for coverage formulation. Currently, core inflation has eased to three.3 per cent.
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Fri, 05 Apr 2024 08:54 AM
RBI MPC Meet LIVE updates: 5 elements that will influence central financial institution’s repo price resolution
For the uninitiated, listed below are 5 elements that would influence RBI’s repo price resolution. Just a 2-minute read please.
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Fri, 05 Apr 2024 08:48 AM
RBI MPC Meet LIVE updates: RBI has to look out for crude oil costs too. Here’s why
Crude oil costs have been impacted by geopolitical tensions amid Israel-Hamas battle. As costs are anticipated to stay elevated, the RBI might want to account for the influence of the identical on inflation.
Seems just like the central financial institution has their work minimize out for them.
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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, notably impacting the central and western peninsular areas, could possible influence the agricultural economic system, resulting in inflationary pressures as commodity costs rise.
So heatwave does play a job. How a lot? That stays to be seen.
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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 largely unchanged from a month in the past. The Consumer Price Index-based inflation stood at 5.09% in February. It was 5.1% in January.
Why does this matter?
Because it’s inside the RBI’s goal band of 2-6% inflation that has been set for it by the federal government.
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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. In the Nifty 50 record, 31 shares closed in inexperienced whereas 19 closed in pink.
How will markets react after the announcement of outcomes, you ask?
That will depend on the MPC outcomes.
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Fri, 05 Apr 2024 08:19 AM
RBI MPC Meet LIVE updates: While we’re at it, let us take a look at GDP numbers too. Because why not?
The Reserve Bank of India could revise its projection of India’s GDP after a shock enhance within the third quarter of the present monetary 12 months.
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.
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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 tendencies and comes forward of the US Federal Reserve’s anticipated first minimize in June, as per a Reuters ballot. Owing to this, the RBI may maintain off on any vital price cuts till at the least July, JPMorgan predicted.
It’s all associated, in any case.
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Fri, 05 Apr 2024 08:08 AM
RBI MPC Meet LIVE updates: What Morgan Stanley stated on RBI price minimize
Morgan Stanley expects RBI to behave in October as a substitute of June.
Why? India’s better-than-expected progress, it stated.
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Fri, 05 Apr 2024 08:00 AM
RBI MPC Meet LIVE updates: Is central financial institution’s resolution impacted by state of Indian economic system?
The quick reply is: Yes.
The lengthy reply is: Indian economic system is on an upswing and progress forecasts counsel a sturdy efficiency forward which can outcome within the RBI adopting a cautious stance on price changes.
On India’s economic system, the World Bank stated in its latest report, “In India, which accounts for the majority of the area’s economic system, output progress 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.”
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Fri, 05 Apr 2024 07:53 AM
RBI MPC Meet LIVE updates: What happened in the last MPC meeting? Here’s a one line throwback
In the last policy announcement which was held on February 8, the MPC left key repo rate unchanged at 6.5% for the sixth consecutive time.
A similar announcement today as well?
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Fri, 05 Apr 2024 07:51 AM
RBI MPC Meet LIVE updates: You are going to hear monetary policy stance today, a lot. So what is it?
There are various monetary policy stances.
Accommodative stance means the central bank is prepared to expand the money supply to boost economic growth.
Neutral stance means that the central bank can either cut rate or increase rate.
Hawkish stance means that the central bank’s top priority is to keep the inflation low.
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Fri, 05 Apr 2024 07:42 AM
RBI MPC Meet LIVE updates: What is repo rate?
Before the RBI announces its decision on repo rate, here’s what it means. Repo rate is the rate at which RBI provides liquidity to banks against collateral of government and other approved securities.
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Fri, 05 Apr 2024 07:37 AM
RBI MPC Meet LIVE updates: What are the current rates?
Repo Rate is 6.5%, Standing Deposit Facility Rate is 6.25%, Marginal Standing Facility Rate is 6.75%, Bank Rate is at 6.75% and Fixed Reverse Repo Rate is at 3.35%.
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Fri, 05 Apr 2024 07:34 AM
RBI MPC Meet LIVE updates: Will repo rate be changed?
The RBI’s Monetary Policy Committee is expected to keep the key policy rates unchanged for the seventh consecutive meeting.
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Fri, 05 Apr 2024 07:10 AM
RBI MPC Meet LIVE updates: RBI to announce monetary policy today
The Reserve Bank of India (RBI) governor Shaktikanta Das will announce the first monetary policy of the financial year 2024-25 today as the review meeting of the central bank’s Monetary Policy Committee (MPC) ends.
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