RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
Fall in global crude oil prices also leads to a sharp decline in bond yields
'The markets should not assume we will guide them, because the data is coming without warning', said Varma
Rajiv Ranjan likely to replace Mridul Saggar in rate-setting panel
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
Prepare for rate hikes faster than expected
RBI monetary Policy: As the central bank keeps the repo rate unchanged at 4 per cent, here is what the industry experts has to say
On Thursday, overseas investors sold shares worth Rs 5,009 crore, while domestic institutions invested Rs 1,775 crore
The yield on the 10-year benchmark government bond closed at 6.92 per cent on Wednesday, up from the previous close of 6.90 per cent
Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily
The comfort provided by the expected improvement in inflation was the anchor for the super-dovish February policy
The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations
The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in FY24, the ratings agency said
On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22
Global uncertainty will weaken recovery
Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy
RBI governor says accommodative stance based on our domestic growth-inflation dynamics
'The time to ditch the Covid stuff from the monetary policy has come,' says Jayanth Rama Varma.
The Ukraine situation is a shock both to growth and to inflation, and it is too early to say which of these two shocks will be bigger, says Jayanth R Varma
The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10