Reserve Bank of India (RBI) Governor Shaktikanta Das made it amply clear on Monday that the monetary policy committee (MPC) during its meeting in early June will look at increasing the policy rate or the repo rate once again, after the 40 basis points off-cycle hike in May, to bring down headline inflation that has remained above the central bank's upper tolerance limit for four months.
"I have said that one of the reasons for the off-cycle meeting in May was that we did not want a much stronger action in June. The expectation of a rate hike is a no-brainer. There will be some increase in the repo rate but by how much, I will not be able to tell now", said Das during an interview with CNBC TV18.
This story is from the May 24, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 24, 2022 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Crypto Firms Bank On Fair Play As Binance Logs Into FIU-IND
The regulatory gap between crypto firms registered with the Financial Intelligence UnitIndia (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.
Eyes On Earth: Data Helps Farming And Industry
Tremendous strides are being made in Earth observation (EO) and agriculture technology (agritech) as the world braces for the impact of climate change.
8 Delhi hospitals, IGI Airport receive bomb threats
Delhi Fire Services on Sunday said eight city hospitals and IGI Airport received bomb threats through emails, 11 days after over 150 schools in DelhiNCR received a bomb scare of unprecedented scale.
India yet to pull the plug on its Covid vaccination drive
Experts feel paid vaccine shots should continue to be available for elderly and comorbid
APEX CAPEX
How is govt capital expenditure driving India's growth? Will RBI's suggested provisioning affect it?
What ails public sector banks?
Two books written by public sector bankers flag symptoms that range from seemingly small episodes to serious, reputation- ruining actions
Over 250,000 Infosys employees are trained in GenAI
MOHAMMED RAFEE TARAFDAR, chief technology officer (CTO) of Infosys, is driving the information technology (IT) services firm's artificial intelligence (AI) strategy.
Chip service that suits all needs
GPUaaS makes an expensive piece of computing technology available to the wider world, reports ASHUTOSH MISHRA
Bank accountable for clearing forged cheque
Sameer Jain, proprietor of Net Solutions, held a Business Gold Account with IDBI Bank, Chandigarh Branch.
Diversify your bond portfolio across credit ratings, issuers
Examine financials and repayment track record of each promoter