Top 10 Manufacturing Trends & Innovations for 2023
August 8, 2026
RBI monetary policy meeting LIVE updates: RBI MPC holds repo rate at 6.5%
The RBI revised the FY24 CPI inflation projection a tad lower at 5.1 per cent from the earlier projection of 5.2 per cent even as it kept the FY24 GDP growth projection at 6.5 per cent unchanged.
The Reserve Bank of India’s monetary policy decision is set to be announced today. Watch the real-time updates on RBI Governor Shaktikanta Das’s statements, live market reactions, effects on bond yields, real estate sector reaction, etc. in this LIVE feed
Monetary Policy Committee continues status quo on repo rate at 6.5%
The six-member Monetary Policy Committee (MPC) on Thursday voted unanimously to keep the policy repo rate unchanged at 6.50 per cent in the backdrop of retail inflation for April 2023 easing to a 19-month low and FY23 GDP growth accelerating more than the earlier estimates. The MPC also decided by a majority of five out of six members “to remain focussed on withdrawal of accommodation” stance. Read more.
RBI revises FY24 inflation projection slightly lower at 5.1%, keeps GDP growth unchanged at 6.5%
The RBI revised the FY24 CPI inflation projection a tad lower at 5.1 per cent from the earlier projection of 5.2 per cent even as it kept the FY24 GDP growth projection at 6.5 per cent unchanged.
CPI inflation is now projected to moderate to 5.1 per cent for 2023-24 (against 5.2 per cent projection earlier); with Q1 at 4.6 per cent (5.1 per cent); Q2 at 5.2 per cent (5.4 per cent); Q3 at 5.4 per cent (5.4 per cent); and Q4 at 5.2 per cent (5.2 per cent), with risks evenly balanced.
June 8, 2023 11:22
Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities said, “RBI staying on a pause and maintaining its stance was in line with expectations.”
Rakshit said, “The RBI remains cautious on the inflation trajectory especially as inflation will remain above the 4 per cent target for the foreseeable future... We believe there are some downside risks to growth and that rate cuts will be contingent on significant divergence in growth-inflation prospects. We maintain our call that the RBI will be on an extended pause.”
June 8, 2023 11:13
Urban co-op banks get a two-year breather to achieve priority sector lending target
The phase-in time for the achievement of PSL targets by UCBs has been extended up to March 31, 2026. This is to ease the implementation challenges faced by the UCBs. Read more.
June 8, 2023 11:08
India bond yields rise after RBI holds rates, says inflation above target
Indian government bond yields moved higher on Thursday, with the benchmark yield rising above 7 per cent, after the Reserve Bank of India maintained status quo on policy rates and its stance, but said headline inflation will stay above target this financial year. Read more.
June 08, 2023 10:40
RBI Governor Das completes his statement on the monetary policy decision.
June 08, 2023 10:38
RBI to remain watchful and proactive to recognise risks: Governor Das
June 08, 2023 10:38
FLDG will issue guidelines on default loss for digital lending
A regulatory framework for FLDG (First Loss Default Guarantee) model is expected to be issued as a part of the second round of digital lending norms, and is likely to be more enabling than prohibitive, according to industry sources.
June 08, 2023 10:37
Indian shares hold gains after RBI keeps rates unchanged
Indian shares held gains on Thursday, with the benchmarks closing in on all-time highs, after the Reserve Bank of India (RBI) maintained key policy rates, said Reuters. The blue-chip Nifty 50 index was up 0.21 per cent at 18,765.30 as of 10:19 a.m. IST, while the benchmark S&P BSE Sensex rose 0.22 per cent to 63,286.91. Read more.
June 08, 2023 10:36
The last leg of the journey is the toughest: Das
June 08, 2023 10:36
we need to move to our primary target of 4 per cent inflation: Das
June 08, 2023 10:35
Good progress made in containing inflation: Das
India’s growth has bounced back and headline CPI inflation is easing
June 08, 2023 10:35
Ru pay debit, credit cards are gaining acceptance internationally: Das
RBI allows banks to issue Rupay prepaid forex cards, Das says
June 08, 2023 10:34
Propose to ease membership criteria of Bharat bill payments system: Das
June 08, 2023 10:33
PPI issuers to issue E-rupee vouchers: RBI Governor says
Permitted non-bank payment issuers can issue e-rupee vouchers.
June 08, 2023 10:32
Decided to rationalise licensing framework under FEMA: RBI’s Das
June 08, 2023 10:32
Urban Co-op Banks: timeframe for achieving 75 per cent priority sector lending target extended by two more years to 2026: Das
June 08, 2023 10:32
PSL targets for primary & UCBs - Glide path upto March 2024 was earlier provided for glidepath for PSL norms; time frame extended up to March 2026, says Das
June 08, 2023 10:30
We will issue norms on technical write-off for all banks: Das
June 08, 2023 10:29
Scheduled commercial banks can set their own borrowing limits in the call money markets for interbank settlements: RBI Governor
This excludes small finance banks.
June 08, 2023 10:28
Forex reserves are comfortable at $595.1 billion as of June 2, 2023: Das
Forex reserves are well above $600 billion including forward assets, he added.
June 08, 2023 10:27
Rupee has been stable since January 2023: RBI’s Das in his statement
June 08, 2023 10:27
April preliminary data suggests that FDI flows have improved: RBI’s Das
June 08, 2023 10:27
Net FPI inflows stand at $8.4 billion on June 6, against net outflows of $14.1 billion in FY22 and 5.9 billion in FY23: Das
Source By:-The Hindu Business Line
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