Citing geo-political uncertainties and elevated food prices, the RBI revised inflation projection upward to 3.4 per cent for Q2FY20, while projections were retained at 3.5-3.7 per cent for H2FY20
Decisions from here on will need to be more considered
The core sector growth stood at 2.4 per cent during the first five months of the current financial year, lower than the 5.7 per cent a year ago
There are limits to what monetary policy can achieve
SBI reduced its marginal cost of funds-based lending rate from 8.4% to 8.25%
The MPC has also brought down the projection of GDP growth of 6.9 per cent from 7 per cent, which is not significant but definitely does affect sentiment
The rupee had opened on a weak note at 70.92 at the interbank forex market, then fell further to 70.99 against the dollar
From Sitharaman's first RBI rate cut to all-India protest by CPI(M), Business Standard brings you top events to look forward to on Wedneday
In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
Lending rates did not move down much after the first two rate cuts of 2019
Under the current government, the consumer food price inflation (CFPI) rate steadily declined from 6.4 per cent in FY15 to near price stagnation in FY19
As inflation is expected to undershoot the Monetary Policy Committee's target of 4% plus/minus 2%
September fuel inflation is likely to be high, since crude prices have moved up. Food inflation would remain moderate
Typically, an interest rate defence of currency is meant to protect the real interest rate differential between countries
Funds could flow into stocks of pharma, FMCG and tech sectors
These accrual-oriented funds can give sound returns with low volatility
The meeting's outcome will be announced on Wednesday, August 1.
Deputy governor Viral Acharya said headline inflation will most likely cross 4% rather soon
The revival of private investment holds the key for growth, says Michael Patra
Inflation is down, growth is headed for recovery. RIL and subsidiary Jio are on an upswing. Stressed loans, impending job losses are dark clouds