Search results for ' REPO'

Vegetable prices might ease from September led by tomato: RBI Governor Das

Vegetable prices might ease from September led by tomato: RBI Governor Das

Rediff.com24 Aug 2023

Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.

RBI keeps interest rates unchanged in hawkish policy

RBI keeps interest rates unchanged in hawkish policy

Rediff.com10 Aug 2023

The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.

Rising food prices may push July inflation up by 190 bps to 6.7%: Report

Rising food prices may push July inflation up by 190 bps to 6.7%: Report

Rediff.com7 Aug 2023

Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of the monthly inflation print and the Reserve Bank's monetary policy review, said that the July consumer price-based inflation index (CPI) is likely to print at 6.7 per cent on-year as against 4.8 per cent in June. The Reserve Bank is widely believed to leave the key interest rates unchanged for the fourth time in its upcoming bi-monthly monetary policy decision on August 10.

RBI may maintain status-quo on interest rate, say experts

RBI may maintain status-quo on interest rate, say experts

Rediff.com30 Jul 2023

The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.

As food prices spiral, fight against inflation not over: RBI report

As food prices spiral, fight against inflation not over: RBI report

Rediff.com18 Jul 2023

The spike in food prices at the onset of the monsoon season has corroborated the Reserve Bank of India's (RBI's) view that the fight against inflation is far from over, the State of the Economy report of the central bank said. At the same time, the report said that the country is poised to become the fastest-growing major economy in the world, notwithstanding some sequential moderation in economic activity in June. Consumer Price Index (CPI)-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation.

Retail inflation in June rises to 3-month high of 4.81%

Retail inflation in June rises to 3-month high of 4.81%

Rediff.com12 Jul 2023

Retail inflation rose to three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price Index (CPI) stood at 4.31 per per (revised upward from 4.25 per cent) in May and 7 per cent in June 2022. The inflation, however, remains within the RBI's comfort level of below 6 per cent.

HDFC Bank gets six months to move HDFC clients to external benchmark

HDFC Bank gets six months to move HDFC clients to external benchmark

Rediff.com12 Jul 2023

The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.

'Growth is fragile'

'Growth is fragile'

Rediff.com11 Jul 2023

'If all goes well, we may well hit or even surpass the forecast growth rate.'

India's services sector growth eases to 3-month low in June

India's services sector growth eases to 3-month low in June

Rediff.com5 Jul 2023

India's services sector growth eased to a three-month low in June but service providers continued to signal positive demand trends, which resulted in a stronger increase in new business volumes and further job creation, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 61.2 in May to 58.5 in June. Despite falling from May, the latest figure was consistent with a sharp pace of growth.

Investing In Shorter-Duration Debt Funds?

Investing In Shorter-Duration Debt Funds?

Rediff.com27 Jun 2023

'They can transition from short to long-duration funds when the yield curve normalises.'

What Cards Will BJP Play For Elections?

What Cards Will BJP Play For Elections?

Rediff.com26 Jun 2023

Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.

'India is fastest-growing large economy in the world'

'India is fastest-growing large economy in the world'

Rediff.com23 Jun 2023

'India has formed tremendous resilience and still a strong growth.'

India's inflation is higher than other key developing economies

India's inflation is higher than other key developing economies

Rediff.com20 Jun 2023

India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.

Want To Invest Money For Your Parents?

Want To Invest Money For Your Parents?

Rediff.com9 Jun 2023

Senior citizens should avoid putting their entire retirement corpus in SCSS.

Markets snap 4-day rally; auto, bank stocks fall

Markets snap 4-day rally; auto, bank stocks fall

Rediff.com8 Jun 2023

Kotak Mahindra Bank was the biggest loser in the Sensex pack, sliding 2.68 per cent, followed by Tech Mahindra, Mahindra & Mahindra, Axis Bank, Hindustan Unilever, Tata Motors, Tata Consultancy Services, Bajaj Finserv, Bajaj Finance, Nestle and Titan. In contrast, NTPC, Power Grid, Larsen & Toubro, HDFC, Reliance and HDFC Bank were the gainers.

RBI keeps repo rate and FY24 GDP growth forecast unchanged at 6.5%

RBI keeps repo rate and FY24 GDP growth forecast unchanged at 6.5%

Rediff.com8 Jun 2023

The Reserve Bank of India on Thursday opted for a pause second time in a row, maintaining key benchmark policy rate at 6.5 per cent as inflation moderates. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5 per cent.

'The story of inflation is not yet over'

'The story of inflation is not yet over'

Rediff.com6 Jun 2023

'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'

RBI likely to hold repo rate at 6.5% on June 8

RBI likely to hold repo rate at 6.5% on June 8

Rediff.com4 Jun 2023

The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.

Pausing interest rate hike not in my hands: RBI Guv

Pausing interest rate hike not in my hands: RBI Guv

Rediff.com24 May 2023

Reserve Bank Governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per cent. Prior to it, the Reserve Bank of India (RBI) was on a rate hiking spree, raising the repo rate by 250 basis points since May 2022.

'Don't Stop Your SIPs!'

'Don't Stop Your SIPs!'

Rediff.com12 May 2023

'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'

If Inflation Is Here, Can Social Conflict Be Behind?

If Inflation Is Here, Can Social Conflict Be Behind?

Rediff.com9 May 2023

For all its claims to economic glory, the majority of India's population lives vulnerable lives, a situation that has only worsened over the past 15 years, to the extent that the government now fears to release economic data or even conduct a proper Census, notes Rathin Roy.

Medium Or Long-Duration Funds?

Medium Or Long-Duration Funds?

Rediff.com8 May 2023

Investors who decide to enter medium to long-duration funds should be cognisant of the risk.

Differing Tenures FDs: Time To Lock In

Differing Tenures FDs: Time To Lock In

Rediff.com2 May 2023

Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.

MFs sell PSB stocks worth Rs 1,800 cr in Q4

MFs sell PSB stocks worth Rs 1,800 cr in Q4

Rediff.com27 Apr 2023

Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the previous eight quarters, fund houses had invested more than Rs 10,000 in PSBs amid deep discounts in valuation vis--vis their private sector peers.

War against inflation has not yet been won: RBI

War against inflation has not yet been won: RBI

Rediff.com20 Apr 2023

The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.

Where Will You Invest This Year?

Where Will You Invest This Year?

Rediff.com19 Apr 2023

Avoid discontinuing your SIPs. Persist for at least 7-10 years.

Pause now, lower later: Repo rate cuts may start by year-end

Pause now, lower later: Repo rate cuts may start by year-end

Rediff.com18 Apr 2023

Higher for longer' may be the narrative in the developed markets, but interest rates might not stay high for very long in India, with a section of the market expecting rate cuts to begin this year. The six-member Monetary Policy Committee of Reserve Bank of India (RBI) decided to keep interest rates unchanged at 6.5 per cent in the April review - after hiking the policy repo rate in six previous meetings. RBI Governor Shaktikanta Das emphasised that the pause was only for the April policy and that the central bank was ready to act if the situation demanded.

Time To Ladder Up Your FD Deposits

Time To Ladder Up Your FD Deposits

Rediff.com18 Apr 2023

'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'

Better net interest margins likely to help bottom line of banks in Q4

Better net interest margins likely to help bottom line of banks in Q4

Rediff.com15 Apr 2023

Benefitting from the economic rebound, banks are expected to report a healthy bottom-line and asset quality profile in the quarter ended March 2023 (Q4FY23). The net profit of listed commercial banks is projected to grow by an average 43.6 per cent year-on-year (YoY) in Q4FY23 amid better net interest margins (NIMs) and declining credit costs. This is based on a combined assessment of analyst estimates for 17 banks on Bloomberg database.

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Share of low-cost money in bank deposits dips in FY23 amid clamour for FDs

Rediff.com12 Apr 2023

The share of low-cost money in total deposits continued to take a knock at the close of FY23 as banks engaged in intense competition by offering higher interest rates on term money to garner funds amid tight liquidity conditions. The share of current accounts and saving accounts (CASA) in total deposits declined by 2-4 per cent by end of March 2023 from March 2022 figure, according to BSE filings by private banks. The ease of movement of funds on digital platforms and the deployment of money by businesses from current accounts also played a role in dwindling the share of CASA money.

What To Do With Investments In FY24

What To Do With Investments In FY24

Rediff.com12 Apr 2023

Avoid discontinuing your SIPs. Persist for at least 7-10 years.

Sensex pares early losses; ends up 144 points

Sensex pares early losses; ends up 144 points

Rediff.com6 Apr 2023

Among the Sensex firms, Bajaj Finance emerged as the biggest gainer by climbing 2.95 per cent. Tata Motors, Bajaj Finserv, IndusInd Bank, Sun Pharma, Mahindra & Mahindra, State Bank of India, Larsen & Toubro, HDFC, HDFC Bank, Maruti, Reliance Industries and Bharti Airtel were the other major winners. HCL Technologies, Axis Bank, ICICI Bank, Tech Mahindra and Titan were among the laggards.

RBI springs a surprise, keeps repo rates unchanged at 6.5%

RBI springs a surprise, keeps repo rates unchanged at 6.5%

Rediff.com6 Apr 2023

After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept benchmark rate unchanged as global banking woes added uncertainty to the economic outlook. Five out of six members of MPC voted to remain focused on the withdrawal of accommodation to ensure inflation aligns with target while focusing on growth, RBI Governor Shaktikanta Das said on Thursday. The Monetary Policy Committee of the central bank decided to take a pause after a rate hike seen in previous six consecutive policies.

Market valuations attractive; buy selectively for long term

Market valuations attractive; buy selectively for long term

Rediff.com6 Apr 2023

The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.

Lessons For Banks To Learn From SVB Collapse

Lessons For Banks To Learn From SVB Collapse

Rediff.com5 Apr 2023

The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.

Manufacturing activities hit 3-month high in Mar

Manufacturing activities hit 3-month high in Mar

Rediff.com3 Apr 2023

Manufacturing activities in India touched a three-month high in March boosted by faster expansions in new orders and output amid demand resilience and easing of cost pressures, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 55.3 in February to 56.4 in March, signalling the strongest improvement in operating conditions in 2023 so far. The March PMI data pointed to an improvement in overall operating conditions for the 21st straight month.

Govt's liabilities rise 2.6% to Rs 150.95 lakh cr in October-December 2022

Govt's liabilities rise 2.6% to Rs 150.95 lakh cr in October-December 2022

Rediff.com1 Apr 2023

The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.

Interest rates on most small saving schemes hiked

Interest rates on most small saving schemes hiked

Rediff.com31 Mar 2023

The government on Friday raised interest rates on most post office saving schemes by up to 0.7 per cent for the April-June 2023 quarter in line with the firming of interest rates in the economy. While the interest rates for popular PPF and savings deposits have been retained at 7.1 per cent and 4 per cent, respectively, there has been an increase between 0.1 per cent and 0.7 per cent in other saving schemes, a finance ministry statement said. The highest increase was in the interest rate of the National Savings Certificate (NSC), which will now attract 7.7 per cent, up from 7 per cent, for the April 1 to June 30, 2023 period.

RBI likely to hike rate by 25 bps on Apr 6

RBI likely to hike rate by 25 bps on Apr 6

Rediff.com29 Mar 2023

The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter have suggested the central bank to go for a 25 basis points hike in key rates. Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenors extending beyond their working lives as a result of the hikes.

Silicon Valley Bank crisis unlikely to affect Indian banks: Analysts

Silicon Valley Bank crisis unlikely to affect Indian banks: Analysts

Rediff.com20 Mar 2023

The recent run on the US-based Silicon Valley Bank (SVB) and the subsequent seizure of its assets by the regulators may have sparked a global wave of risk aversion, particularly for start-ups. However, the Indian banking sector is unlikely to be a victim of any contagion effects, said analysts. he bank, which played a big role in financing start-ups and technology players, faced stress after incurring huge losses on its holdings of US bonds, following the most-aggressive monetary tightening cycle by the Federal Reserve in around four decades.

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