Monetary Policy Committee

Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts

Economists expect 40-50 bps hike in repo rate by MPC next month

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said

Limited impact

Tax cuts will not lower inflation significantly

A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

'RBI rate hike was moderate as CRR was also raised': Ashima Goyal

Monetary policy committee says decision to cut repo rate was at the correct time.

MPC members argued for front-loading rate hikes in view of inflation

External member Jayanth Varma said 100 bps rate hike required 'very soon'

Central banks and the rule of law

In a constitutional democracy, the RBI is bound by the law to focus on its core mandate

RBI likely to hike rates by 75 bps by August, say SBI economists

The economists said they did a study of the Russian invasion's impact on inflation, which revealed that 59 per cent of the jump in prices is due to geopolitical events

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month

RBI not 'behind the curve' in hiking rate, says MPC member Ashima Goyal

While noting that Inflation has just exceeded RBI's tolerance band due to the protracted Ukraine-Russia war, Goyal said Indian demand and wages are 'soft'

RBI appoints Sitikantha Pattanaik and Rajiv Ranjan as executive directors

Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC)

HDFC Bank, Canara Bank, Indian Overseas Bank others raise lending rates

HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7

RBI falls in line with global central banks

Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or staggered over the next two meetings?

Govt bond auction for Rs 32,000 crore sails through as RBI accepts bids

The auction was scheduled for four securities - 5.74% GS 2026 (Rs 9,000 crore), GOI Floating Rate Bond 2028 (Rs 4,000 crore), 6.67% GS 2035 (Rs 10,000 crore), and 6.99% GS 2051 (Rs 9,000 crore)

Top headlines: Higher bond yields, WHO on Covid deaths in India, and more

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Bond yield shoots up; another interest rate hike likely in June

Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too

RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps

The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy

RBI shocker sends market into a tizzy; benchmark indices plunge 2.3%

The bond markets also saw a sell-off, and the yield on the 10-year government bond rose to 7.37 per cent, hitting a three-year high

Course correction

RBI has been slow in withdrawing accommodation

In a first, RBI may have to explain to govt why it couldn't curb inflation

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up