RBI's rate setting committee likely to maintain status quo on policy rates
The New Indian Express|April 04, 2024
ANALYSTS and Mint Road observers expect the Reserve Bank-led rate-setting panel (MPC), which began its first three-day meeting of the new fiscal here on Wednesday, to maintain status quo on policy rates given the still sticky inflation and the more-than-expected economic growth in the December quarter.
BENN KOCHUVEEDAN
RBI's rate setting committee likely to maintain status quo on policy rates

RBI will announce its policy move and stance Friday. The meeting comes against the backdrop of a stronger-thanexpected growth numbers (8.4% in Q3FY24) despite pressures in some sectors. The latest PMI reading shows manufacturing sector is red hot and is at a 16-year high of 59.1% in March.

The MPC, which has increased the policy rates by 250 bps to 6.5% from the pandemic driven easing to 4%, since May 2022, has been maintaining status quo since February 2023 when it had last hiked rates.

Esta historia es de la edición April 04, 2024 de The New Indian Express.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

Esta historia es de la edición April 04, 2024 de The New Indian Express.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.

MÁS HISTORIAS DE THE NEW INDIAN EXPRESSVer todo
The New Indian Express

Popularity test for VIPs in final phase of polls

Prime Minister Narendra Modi seeking third consecutive term; five ministers in the fray

time-read
1 min  |
June 01, 2024
Power Demand Reaches Record High Of 250 GW
The New Indian Express

Power Demand Reaches Record High Of 250 GW

AS mercury touches new highs in the vast swathes of the country, power demand has grown significantly and hit a record high of 250 GW on Thursday (30 May 2024).

time-read
1 min  |
May 31, 2024
Straightforward victory for defending champion Djokovic
The New Indian Express

Straightforward victory for defending champion Djokovic

NOVAK Djokovic reached the French Open last 32 for the 19th successive year on Thursday as Roland Garros organisers banned alcohol from the stands in an effort to counter growing complaints from players over disrespectful, rowdy fans.

time-read
1 min  |
May 31, 2024
The New Indian Express

OLY QUALIFIERS Jaismine makes promising start

JAISMINE Lamboria is on an important quest at the moment.

time-read
1 min  |
May 31, 2024
The New Indian Express

Pragg claims maiden classical win vs Carlsen

INDIAN Grandmaster R Praggnanandhaa crushed world number one Magnus Carlsen for the first time in Classical format to emerge as the sole leader in the Norway chess tournament here.

time-read
1 min  |
May 31, 2024
SMALL NATION, BIG DREAM
The New Indian Express

SMALL NATION, BIG DREAM

Uganda's Alpesh is set to fulfil his father's dream, Firoz Mirza traces his journey so far.

time-read
4 minutos  |
May 31, 2024
The New Indian Express

Muthoot Finance profit up 17% on higher loan sales

RECORD gold prices leading to higher loan sales and the good show by its subsidiaries boosted the consolidated earnings of largest pureplay gold loan player Muthoot Finance, booking a 17% growth in net income at 1,182 crore for the March quarter over 1,009 crore in the year ago period.

time-read
1 min  |
May 31, 2024
Trade pacts help India cut deficits with UAE, Aus
The New Indian Express

Trade pacts help India cut deficits with UAE, Aus

THE trade pacts with Australia and the UAE seem to be working in India's favour as the trade deficit with both countries in FY24 declined vis-a-vis previous year.

time-read
1 min  |
May 31, 2024
RBI balance sheet expands 11% to
The New Indian Express

RBI balance sheet expands 11% to

Increase on assets side in book is due to rise in foreign investments, gold, loans and advances

time-read
3 minutos  |
May 31, 2024
The New Indian Express

Household liabilities hit high of 5.7%; savings at record low of 5.2% in FY23

DRIVEN by rising indebtedness, which hit an all-time high of 5.7% of GNDI in FY23, the net financial savings of the households, which has been the mainstay of savings in the economy, has hit a record low of 5.2% in FY23, shows the RBI annual report for FY24.

time-read
2 minutos  |
May 31, 2024