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Earlier, RBI Governor Shaktikanta Das said despite the multiple shocks to the global economy from the pandemic, the worst of inflation is behind us 

RBI monetary policy: here's what experts predict  

Earlier, RBI Governor Shaktikanta Das said despite the multiple shocks to the global economy from the pandemic, the worst of inflation is behind us&nbsp;

The Reserve Bank of India (RBI) is expected to raise interest rates by 25 basis points, in line with recent increases by other major central banks as long as inflation stays high, according to the majority of D-Street analysts and experts. They also anticipate that the most recent increase, if it occurs, will be the final one in the cycle.
The Monetary Policy Committee (MPC) of the Reserve Bank is meeting for three days on April 3, 5 and 6 and will announce the policy on Thursday.
Analysts maintained that the policy tone will likely be balanced with the move to a neutral stance.
MPC will take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.
Along with elevated retail inflation in India, the other factor of consideration is the recent rate hike actions and hawkish stance taken be central banks of other countries including the U.S Fed and European Central bank.&nbsp;
The Reserve Bank on India (RBI) has been raising benchmark rates since May 2022 to contain inflation which has been largely driven by external factors, especially the disruption of the global supply chain following the outbreak of the Russia-Ukraine war.
In its last policy meeting held in February, RBI had raised the policy rate or repo by 25 basis points to 6.50 per cent.
Retail inflation was 6.52 per cent in January and 6.44 per cent in February.

The Reserve Bank of India has increased the key repo rate by 25 basis points to 6.5%. GDP growth projected at 6.4% for 2023-24 and the central bank will continue to keep a strong vigil on inflation. 

Highlights of RBI's monetary policy statement

The Reserve Bank of India has increased the key repo rate by 25 basis points to 6.5%. GDP growth projected at 6.4% for 2023-24 and the central bank will continue to keep a strong vigil on inflation.&nbsp;

Get ready to pay more for your loan EMIs. The Reserve Bank of India has hiked the key repo rate by 0.25% to 6.5%. This is the 6th rate hike by the central bank since May 2022. The RBI governor said that the impact of the rate hikes are still working their way through the system. Here are the key highlights of the governor&rsquo;s speech. INDIAN ECONOMIC OUTLOOK The Indian economy remains resilient. Sustained urban and rural demand, govt&rsquo;s thrust on capital expenditure among other things should sustain economic activity. In fact, several high frequency indicators point towards strengthening of activity. However, a weak external demand and uncertain global scenario could be a drag on India&rsquo;s growth. GDP growth for 2023-24 has been projected at 6.4%. ON INFLATION The governor pointed out that core inflation is sticky and that remains a matter of concern. The RBI will remain unwavering in the commitment to bring down inflation. Inflation is projected at 6.5% for 2022-23 and at 5.3% for 2023-24. From the governor&rsquo;s comments, it&rsquo;s clear that another rate hike has not been ruled out. The RBI will &ldquo;weigh all incoming data and forecasts to determine appropriate action and policy state going forward&rdquo;.
ON THE RUPEE The RBI governor highlighted that the Indian rupee was one of the least volatile currencies among other Asian currencies. He also pointed out that the depreciation and volatility of the Rupee is much lower than during the global financial crisis. GLOBAL OUTLOOK On the global scenario, the RBI governor said that things do not look as grim as they did a few months ago, however a high degree of uncertainty remains. Inflation, although has eased, still remains above the target in major economies.

RBI's starts 3-day MPC meet; likely to moderate interest hike?

The Reserve Bank since May has increased the repo or benchmark lending rates by 190 basis points, to calm down inflation which has remained above its comfort level of 6 per cent since January

As the Reserve Bank of India (RBI) begins its three-day monetary policy meeting, RBI Governor Shaktikanta Das is expected to announce the final rate hike of 2022 to curb inflation.&nbsp;
According to experts, after three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35 bps in lending rates at its coming monetary policy review amid retail inflation showing signs of moderation and the need to push growth.&nbsp;
In addition to the domestic factors, the RBI may also take some cues from the US Federal Reserve which hinted at a lower rate hike of 50 basis later in the month. In order to combat inflation, the Federal Reserve had earlier hiked the key interest rates four times by 75 basis points (bps) each.
The Reserve Bank of India (RBI) will come out with its next bi-monthly policy review on December 7 at the end of the three-day meeting of the MPC.

Rbi Monetary Policy Highlights : Making it to the fourth consecutive rate hike, the Reserve Bank of India raised the benchmark lending rate by 50 basis points to 5.90 per cent in a bid to tame inflation.

Rbi Monetary Policy Highlights : RBI hikes repo rate to rein in inflation, lowers GDP forecast

RBI hikes repo rate to rein in inflation, lowers GDP forecast

Reserve Bank of India raised the benchmark lending rate by 50 basis points to 5.90 per cent

Rbi Monetary Policy : Making it to the fourth consecutive rate hike, the Reserve Bank of India raised the benchmark lending rate by 50 basis points to 5.90 per cent in a bid to tame inflation.
With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.In all, RBI has raised benchmark rate by 1.90 per cent since May this year.
The six-member <a href="https://www.editorji.com/business-news/rbi-increases-repo-rate-by-50-bps-to-5-9-1664513435505">Monetary Policy Committee (MPC) </a>headed by RBI Governor Shaktikanta Das decided in favour of the rate hike.The Consumer Price Index (CPI) based inflation, which RBI factors in while fixing its benchmark rate, stood at 7 per cent in August. Retail inflation has been ruling above the RBI's comfort level of 6 per cent since January this year. Das retained the inflation projection at 6.7 per cent for the current fiscal while slashing real GDP growth estimate to 7 per cent from earlier forecast of 7.2 per cent for FY'23.

The decision of RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) has been announced on Friday. The Reserve Bank of India (RBI) has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate.
RBI had slashed the repo rate in March, 2020 with an aim to cushion the impact of covid-induced lockdown, and maintained status-quo in the benchmark interest rate for almost two years before increasing it on May 4, 2022.

RBI increases Repo rate by 50 bps to 5.9%

RBI has maintained consumer price index (CPI) inflation forecast for FY23 at 6.7%
<div class="clearfix socialHolder Gplus">&nbsp;</div>

The decision of RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) has been announced on Friday. The Reserve Bank of India (RBI) has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate.
RBI had slashed the repo rate in March, 2020 with an aim to cushion the impact of covid-induced lockdown, and maintained status-quo in the benchmark interest rate for almost two years before increasing it on May 4, 2022.

RBI policy: central bank to fire the rate rage machine again

RBI to fire the rate rage machine again

India is closely knit to the global economy and had to take remedial actions to control inflation, which is driven by domestic as well as global factors

The Central Banks around the world have been raising interest rates since the middle of 2022 after the continuous hostilities between Russia-Ukraine led to initial higher inflation across the globe.&nbsp;
As the Federal Reserve raised rates by 75 basis points and the central banks of the UK and the EU have also gone for rate hikes to tame inflation, the Reserve Bank of India (RBI) may also take cues from its global counterparts.&nbsp;
The consumer price index (CPI) based on retail inflation, which had started showing signs of moderation in May, has again firmed up to 7 per cent in August. The RBI takes into account retail inflation while framing its bi-monthly monetary policy.
The RBI, which has since May raised the repo rate by 140 basis points (bps), may again go for a 50-bps increase to take it to a three-year high of 5.9 per cent, say experts.&nbsp;
The government has tasked the RBI to ensure the retail inflation remains at 4 per cent, with a margin of 2 per cent on either side.&nbsp;
RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May.
The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.&nbsp;

With Inflation being the biggest elephant in the room to fending off further attacks on the rupee, EJBIZ explains what are the key factors India’s central bank is expected to deliver in its main policy rate on Aug 5th: 

US Fed has made another aggressive rate hike by 75 basis points in the latest policy to tame inflation. RBI is also expected to hike the rate for the third consecutive time. Experts predict a rate hike of 25-50 basis points from RBI in this upcoming policy. 
As the meeting comes at a time when global central banks are tightening the monetary policy and raising interest rates, many experts now believe that the RBI is more likely to go for a 25-35 basis points (BPS) increase in policy rate than a 50 bps hike.
Currently, inflation is at 7.01% in June and has been above RBI's comfort zone of 6% for the sixth-consecutive month.
While the rupee has hit a series of lows in recent months, dropping past 80 to a dollar in July, it has pulled back amid signs of returning foreign fund inflows. It is advisable that RBI should keep a tab on interest rate differentials with the US to curb any build-up of speculative pressures on the INR, triggered by low implied yields that reduces the cost of shorting rupee. 


RBI monetary policy preview: What to expect from rates

RBI set to hike rates back to the pre-pandemic level. Gear up for further pressure on you EMIs. 

RBI monetary policy: The key expectations

RBI monetary policy preview : Highly likely the six-member panel will go for another interest rate hike to curb rising inflation

RBI monetary policy preview: The <a href="https://www.editorji.com/business-news/rbi-monetary-policy-preview-what-to-expect-from-rates-1659612114383">Reserve Bank of India's Monetary Policy</a> Committee will announce its decision on rates at 10 am on August 5 and the street is betting yet again on hike in rates. The bets vary from 25-50 bps as Governor Shaktikanta Das continues to attempt slaying the impact of imported inflation.
<h3>Here are the factors at play on the MPC's agenda:&nbsp;&nbsp;</h3>
<ul>
<li>As US Fed has made another aggressive rate hike by 75 basis points in the latest policy to tame inflation.</li>
<li>The pace of hikes by the Fed is the fastest in 40 years last seen in the era of Paul Volcker</li>
<li>Currently, inflation is at 7.01% in June and has been above RBI's comfort zone of 6% for the sixth-consecutive month.</li>
<li>Reserve Bank of India&rsquo;s six-member monetary policy committee will now likley increase the repurchase rate by 50 basis points to 5.40%, a level last seen in August 2019.</li>
<li>Commentary on currency also remains critical as the rupee languishes at record low and India's trade deficit also hitting record high.&nbsp;</li>
</ul>
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As inflation continues to haunt the common man, the RBI is warning it is going to be painful for a long time. The central bank raised their inflation forecast for the year sharply and now expects the full-year CPI to average above its tolerance level. Here are the projections-:FY 23 CPI projected at 6.7% vs 5.7% earlierQ1 CPI seen 7.5% at vs 6.3% earlierQ2 CPI seen 7.4 % at vs 5.8% earlierQ3 CPI seen 6.2% at vs 5.4% earlierQ4 CPI seen 5.8% at vs 5.1% earlier

RBI raises inflation forecast sharply, price pain to remain

As inflation continues to haunt the common man, the RBI is warning it is going to be painful for a long time.

The global economy continues to grapple with multi-decadal high inflation and slowing growth

As inflation continues to haunt the common man, the RBI is warning it is going to be painful for a long time. The central bank raised their inflation forecast for the year sharply and now expects the full-year CPI&nbsp;to average above its tolerance level. Here are the projections-:
Also read/watch| <a title="RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike" href="https://www.editorji.com/business-news/markets/rbi-monetary-policy-repo-rate-hike-again-shocks-with-50-bps-hike-1654662962773">RBI Monetary Policy: Repo rate hike again, shocks with 50 bps hike</a> FY 23 CPI projected at 6.7% vs 5.7% earlier Q1 CPI seen 7.5% at vs 6.3% earlier Q2 CPI seen 7.4 % at vs 5.8% earlier Q3 CPI seen 6.2% at vs 5.4% earlier Q4 CPI seen 5.8% at vs 5.1% earlier 
RBI Governor Shaktikanta Das said the upside risk to inflation persists and the recent spike in tomato prices would fuel food inflation. Also, high global crude oil prices would add to the upside pressure on inflation.
The upward revision in inflation projection comes as domestic retail inflation has remained above RBI's comfort level of 6 per cent for four months in a row, mainly due to the Russia-Ukraine war which has impacted the prices of commodities across the globe. Das said normal south-west monsoon would boost kharif sowing and agri output. However, global geo-political situation remains fluid and commodity market remains on the edge.
A rise in price across all items from fuel to vegetables and cooking oil pushed WPI or Wholesale Price Inflation to a record high of 15.08 per cent in April and retail inflation to a near eight-year high of 7.79 per cent.
RBI has the mandate to keep inflation at 4 per cent with a bias of 2 per cent on either side. - With inputs from PTI

Two central bankers almost the same action and two very different reactions. Federal Reserve hikes rates by the most in 20 years and Wall Street witnessed a 3% rally vs Dalal Street that was whipsawed down by over 1000 points on the benchmark 30 stock index. So what where is the gap - between action and reaction Editorji explains. US Federal Reserve had braced the market for over a year for a turn in the rate cycle and also through dots and plots adjusted the bulls and bears for imminent rate hike of 50 bps. This in comparison to the shocker of a hike from RBI that came via an emergency meeting making traders wonder if the situation is more dire than they are evaluating as the central bank did not even wait for a month for it's June policy where a 25 bps rate hike was largely anticipated. The other part signal came from commentary while Governor Das portrayed a grim outlook for inflation and prices thus setting the stage for aggressive hikes, Fed chief Powell did the opposite as he dispelled worries of a 75 basis point hike from the Fed and indicated it would just be 50 bps or possibly even 25 bps as he sees inflation already cooling. 

Tale of two reactions: Why the US market rallied despite the big rate hike

Two central bankers almost the same action and two very different reactions. Federal Reserve hikes rates by the most in 20 years and Wall Street witnessed a 3% rally vs Dalal Street that was whipsawed down by over 1000 points on the benchmark 30 stock index. So what where is the gap - between action and reaction Editorji explains. 


Editorji Explains tale of two rate reactions: Dalal Street vs Wall Street

Two central bankers (2 shot of Shaktikanta, Jerome Powell) (can use black and white filter and please use the dot plots from the fed meetings from last year) US Federal Reserve had braced the market for over a year for a turn in the rate cycle and also through dots and plots adjusted the bulls and bears for imminent rate hike of 50 bps.&nbsp; (use push out transition of fed with RBI) - use many question marks with a cut out of a bull&nbsp; This in comparison to the shocker of a hike from RBI&nbsp;that came via an emergency meeting making traders wonder if the situation is more dire than they are evaluation as the central bank did not even wait for a month for it's June policy where a 25 bps rate hike was largely anticipated.&nbsp; (use image of empty podium of Fed - shutter stock has it) The stage was set and the words are what made the difference&nbsp;.The RBI&nbsp;governor raised the red flag "&nbsp;There is the collateral risk that if inflation remains elevated at these levels for too long, it can de-anchor inflation expectations which, in turn, can become self-fulfilling and detrimental to growth and financial stability" The fed chief calmed nerves as he took a 75 bps point hike off the table as he saw inflation cooling&nbsp;: &ldquo;a broad sense that additional 50 bps increases should be on the table at the next couple of meetings&rdquo;

Dow Jones Industrial Average rose 932.27 points, or 2.81%, to close at 34,061.06

Two central bankers almost the same action and two very different reactions. Federal Reserve hikes rates by the most in 20 years and Wall Street witnessed a 3% rally vs Dalal&nbsp;Street that was whipsawed down by over 1000 points on the benchmark 30 stock index. So what where is the gap - between action and reaction Editorji&nbsp;explains.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/rbi-shocks-with-a-rate-hike-40-bps-with-immediate-effect-1651653562235" target="_blank">RBI shocks with repo rate hike, CRR hike</a> US Federal Reserve had braced the market for over a year for a turn in the rate cycle and also through dots and plots adjusted the bulls and bears for imminent rate hike of 50 bps. This in comparison to the shocker of a hike from RBI&nbsp;that came via an emergency meeting making traders wonder if the situation is more dire than they are evaluating as the central bank did not even wait for a month for it's June policy where a 25 bps rate hike was largely anticipated.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/is-there-a-social-army-riding-online-to-defend-ola-1651731458442" target="_blank">Is there a social army riding online to defend Ola?</a> The other part signal came from commentary while Governor Das&nbsp;portrayed a grim outlook for inflation and prices thus setting the stage for aggressive hikes, Fed chief Powell did the opposite as he dispelled worries of a 75 basis point hike from the Fed and indicated it would just be 50 bps or possibly even 25 bps as he sees inflation already cooling.&nbsp;

rbi rate hike

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