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MPC Members Were Divided On Rate Cut

MPC Members Were Divided On Rate Cut

Rediff.com23 Aug 2024

Deputy Governor Michael Patra warned about the spillover effects of food inflation.

Wholesale inflation falls to 3-month low of 2.04% in July

Wholesale inflation falls to 3-month low of 2.04% in July

Rediff.com14 Aug 2024

Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.

When To Invest In Debt Funds

When To Invest In Debt Funds

Rediff.com9 Aug 2024

To minimise risk, invest in a debt fund whose duration matches your investment timeframe.

RBI policy spooks markets; Sensex tanks 582 points

RBI policy spooks markets; Sensex tanks 582 points

Rediff.com8 Aug 2024

Among the 30 Sensex firms, Asian Paints, Infosys, JSW Steel, UltraTech Cement, Power Grid, Larsen & Toubro, HCL Technologies and Tata Steel were the biggest laggards. Tata Motors, HDFC Bank, Bharti Airtel, ITC, IndusInd Bank and Axis Bank were the gainers.

RBI retains repo rate at 6.5%

RBI retains repo rate at 6.5%

Rediff.com8 Aug 2024

The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.

Is It Right Time For An FD?

Is It Right Time For An FD?

Rediff.com8 Aug 2024

FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.

India's manufacturing sector growth eases slightly in Jul

India's manufacturing sector growth eases slightly in Jul

Rediff.com1 Aug 2024

India's manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) moderated slightly from 58.3 in June to 58.1 in July.

What Are Money Market Funds?

What Are Money Market Funds?

Rediff.com15 Jul 2024

MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.

Can the 'new' HDFC Bank reclaim its old glory?

Can the 'new' HDFC Bank reclaim its old glory?

Rediff.com8 Jul 2024

For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.

'High real repo rate can have adverse effects on demand as well as supply'

'High real repo rate can have adverse effects on demand as well as supply'

Rediff.com6 Jul 2024

'The real repo rate is very high in terms of core inflation.'

Should You Invest In Gilt Funds?

Should You Invest In Gilt Funds?

Rediff.com4 Jul 2024

By taking the mutual fund route, investors can take exposure to gilts with small amounts. Over a decade or more, returns from these funds tend to be sound.

Loan growth may drive further gains for LIC Housing

Loan growth may drive further gains for LIC Housing

Rediff.com4 Jul 2024

LIC Housing Finance (LICHF) delivered a healthy FY24 with improvements in net interest margin (NIM) and credit costs and an improved return on assets of 1.7 per cent compared to an average of 1.3 per cent between FY14-FY23. Loan growth was low due to technology upgrades to the platform in H1FY24, though momentum improved in H2FY24. In Q4FY24, the net interest income (NII) came in at Rs 2,250 crore.

C S Setty: SBI's New Boss

C S Setty: SBI's New Boss

Rediff.com1 Jul 2024

'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'

In home and office, India's real estate market is charting a course for growth

In home and office, India's real estate market is charting a course for growth

Rediff.com8 Jun 2024

India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).

Markets hit all-time closing high; Sensex jumps 1,721 points

Markets hit all-time closing high; Sensex jumps 1,721 points

Rediff.com7 Jun 2024

IT and interest rate-sensitive bank, realty, and auto stocks ended with sharp gains.

Govt borrowing cut expectations fade as coalition govt takes shape

Govt borrowing cut expectations fade as coalition govt takes shape

Rediff.com6 Jun 2024

The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.

Planning To Buy A House? Read This

Planning To Buy A House? Read This

Rediff.com5 Jun 2024

'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'

RBI unlikely to cut interest rate on June 7, say experts

RBI unlikely to cut interest rate on June 7, say experts

Rediff.com2 Jun 2024

Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.

Inflation seen closer to target in FY26: RBI report

Inflation seen closer to target in FY26: RBI report

Rediff.com22 May 2024

The Reserve Bank of India's (RBI's) state of the economy report observed that any durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year. The report, authored by RBI staffers, including Deputy Governor in charge of monetary policy Michael Patra, said though headline numbers may fall in July and August due to base effect, it is likely to reverse in September.

'Election results not to have long-term effect on markets'

'Election results not to have long-term effect on markets'

Rediff.com15 May 2024

'If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.'

MPC refuses to drop its guard on inflation

MPC refuses to drop its guard on inflation

Rediff.com22 Apr 2024

Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.

Consumption story gets a facelift as rural demand shows promise

Consumption story gets a facelift as rural demand shows promise

Rediff.com16 Apr 2024

Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Expectations of a bumper rabi crop harvest have helped turn the tide. The Reserve Bank of India's (RBI's) Monetary Policy Committee kept the repo rate unchanged last week, noting that as rural demand catches up, consumption is expected to support economic growth in 2024-25.

For What Duration Must I Invest?

For What Duration Must I Invest?

Rediff.com5 Apr 2024

Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.

RBI holds repo rate at 6.5% for 7th consecutive time

RBI holds repo rate at 6.5% for 7th consecutive time

Rediff.com5 Apr 2024

The Reserve Bank of India on Friday decided to keep policy rate unchanged for the seventh time in a row and said that it remains vigilant towards upside risks to food inflation. The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022.

Sensex, Nifty hit record highs as HDFC, TCS rise

Sensex, Nifty hit record highs as HDFC, TCS rise

Rediff.com4 Apr 2024

Among the Sensex constituents, 20 stocks ended the session in green with HDFC Bank, Titan, Tech Mahindra, and Asian Paints being the major gainers. TCS, Maruti, Kotak Mahindra Bank and Bajaj Finserve were the other gainers. In contrast, SBI, Bharti Airtel, JSW Steel, PowerGrid, ITC and Reliance closed the trading with losses.

Battle for short term money likely to turn more intense in March

Battle for short term money likely to turn more intense in March

Rediff.com13 Mar 2024

The need for money among banks, especially for short-term funds, may turn more intense in the last month of the financial year to feed the demand for capital for tax payments and meet year-end targets. The mobilisation of funds via the certificate of deposits (CDs) has seen a threefold increase to over Rs 60,000 crore in the fortnight that ended February 23 from around Rs 20,000 crore in the fortnight of January 26, 2024, according to the Reserve Bank of India (RBI) data.

The 58-year-old woman overseeing India's $4.7 trillion equities market

The 58-year-old woman overseeing India's $4.7 trillion equities market

Rediff.com12 Mar 2024

Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.

Banking system liquidity goes into surplus mode after 3 months

Banking system liquidity goes into surplus mode after 3 months

Rediff.com6 Mar 2024

The liquidity in the banking system moved into surplus almost after three months as the Reserve Bank of India (RBI) absorbed over Rs 40,000 crore from the market on Monday, predominantly on the back of increased government spending. However, this situation may be short-lived given the higher demand for funds to pay taxes and year-end targets, treasury executives said. Meanwhile, two variable reverse repo rate (VRRR) auctions held on Tuesday received weak response.

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Rediff.com27 Feb 2024

Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.

RBI's job to bring down inflation is not over: Das

RBI's job to bring down inflation is not over: Das

Rediff.com22 Feb 2024

The Reserve Bank of India's (RBI's) job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. RBI's rate setting panel, Monetary Policy Committee (MPC), had met for three days from February 6-8. The panel decided to leave the key policy rate unchanged at 6.5 per cent for the sixth time in row.

What Funds Should You Invest In?

What Funds Should You Invest In?

Rediff.com20 Feb 2024

'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

Rediff.com14 Feb 2024

SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.

Sensex tumbles 724 points; bank stocks drag

Sensex tumbles 724 points; bank stocks drag

Rediff.com8 Feb 2024

Among the Sensex firms, ITC, Kotak Mahindra Bank, ICICI Bank, Nestle, Axis Bank, IndusInd Bank, UltraTech Cement, Bajaj Finance, Maruti and HDFC Bank were the major laggards.

From GDP to inflation: Key highlights of RBI's monetary policy

From GDP to inflation: Key highlights of RBI's monetary policy

Rediff.com8 Feb 2024

The highlights of RBI's bi-monthly monetary policy announced by Governor Shaktikanta Das:

RBI keeps repo rate unchanged at 6.5% once again

RBI keeps repo rate unchanged at 6.5% once again

Rediff.com8 Feb 2024

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

'Disinflationary stance allows for rate cuts'

'Disinflationary stance allows for rate cuts'

Rediff.com8 Feb 2024

'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'

In a first: RBI conducts two VRRR auctions in one day

In a first: RBI conducts two VRRR auctions in one day

Rediff.com7 Feb 2024

The Reserve Bank of India (RBI) conducted two overnight variable rate reverse repo (VRRR) auctions on Tuesday, marking the first instance of such action in a single day. The move aimed to reduce liquidity from the banking system, which has been largely in deficit mode for the past four months. Market participants noted that the central bank held the second VRRR auction due to its awareness of funds being released to banks during the day.

RBI conducts 4-day VRRR auction as overnight rates fall below repo

RBI conducts 4-day VRRR auction as overnight rates fall below repo

Rediff.com6 Feb 2024

The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo rate, said market participants. The repo rate is 6.50 per cent. Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent.

Time To Invest In Floating-Rate Funds?

Time To Invest In Floating-Rate Funds?

Rediff.com27 Jan 2024

Opinions vary, but fund managers remain bullish.

How To Align Your Portfolio This Year

How To Align Your Portfolio This Year

Rediff.com23 Jan 2024

The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.

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