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2 August 2017, 16:28 PM
Rupee zoomed past the 64-mark against USD.
2 August 2017, 15:54 PM
Finance Ministry welcomes RBI rate cut saying it is important step for sustained growth, consistent with India's potential.
Secretary,DEA, Shri S.C. Garg: Govt welcomes 25 basis points cut in the repo rate announced today by the MPC in its 3rd Bi-Monthly Meeting.
— Ministry of Finance (@FinMinIndia) August 2, 2017
2 August 2017, 15:38 PM
Markets closed at day's low as RBI maintained neutral policy stance. Sensex ended 98.43 points lower at 32,476.74; Nifty fell 33.15 points to 10,081.50.
2 August 2017, 15:36 PM
A time-bound single window clearance needed at state government level for faster approval to affordable housing projects: Patel
2 August 2017, 15:36 PM
Reserve Bank working on next list of large loan defaulters for resolution: Deputy Governor N S Vishwanathan
2 August 2017, 15:36 PM
There is scope for banks to cut rates further, especially for those sectors which have not benefited in the past rate cuts: Patel
2 August 2017, 15:30 PM
Performance of sectoral indices post RBI policy announcement
2 August 2017, 15:28 PM
The evolving momentum of inflation would be determined by the impact on the CPI of the implementation of house rent allowances (HRA) under the 7th central pay commission (CPC): RBI
2 August 2017, 15:13 PM
Next MPC meeting on October 3 and 4, 2017.
2 August 2017, 15:11 PM
Farm loan waivers by states may lead to fiscal slippages and undermine quality of public spending, entailing inflationary spillovers: RBI
2 August 2017, 15:10 PM
Both Sensex and Nifty were down after policy announcement. The BSE Sensex was down 93.61 points or 0.29% at 32,481.56. Similarly, NSE Nifty was lower by 33.10 points or 0.33 percent at 10,081.55.
2 August 2017, 15:10 PM
The 0.25% rate cut is a calibrated move keeping all the key issues about inflation prints in mind: Patel
2 August 2017, 15:00 PM
This is the first rate cut since October 2016 and the interest rate is now at 6-year low.
2 August 2017, 14:59 PM
RBI to review MCLR system of benchmarking lending rate by banks: RBI Deputy Governor Viral Acharya.
2 August 2017, 14:59 PM
Growth forecast unchanged at 7.3% for the current fiscal: Patel
2 August 2017, 14:55 PM
Inflation, excluding food & fuel, has fallen significantly in the last 3 months: RBI Governor Urjit Patel
2 August 2017, 14:52 PM
4 MPC members voted for 0.25% cut. MPC Member Ravindra Dholakia voted for 0.25% cut. ED Michael Patra voted for status quo in Repo Rate.
2 August 2017, 14:49 PM
RBI retained GVA growth forecast for FY18 at 7.3%.
2 August 2017, 14:46 PM
On the state of the economy, the MPC is of the view that there is an urgent need to reinvigorate private investment, remove infrastructure bottlenecks and provide a major thrust to the Pradhan Mantri Awas Yojana for housing needs of all.
2 August 2017, 14:38 PM
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent within a band of +/- 2 percent, while supporting growth.
2 August 2017, 14:32 PM
Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 percent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 percent.
2 August 2017, 14:30 PM
RBI slashed repo rate (interest rates) by 0.25% to 6%.
2 August 2017, 14:06 PM
RBI is likely to keep CRR unchanged at 4%.
2 August 2017, 13:53 PM
Current Policy Rates
Repo Rate- 6.25%
Reverse Repo Rate- 6%
Marginal Standing Facility Rate (MSF)- 6.50%
Bank Rate- 6.50%
Cash Reserve Ratio (CRR)- 4%
Statutory Liquidity Ratio (SLR)- 20%
2 August 2017, 13:35 PM
Performance of sectoral indices on NSE ahead of policy announcement.
2 August 2017, 13:23 PM
Both Sensex and Nifty were slightly lower ahead of policy announcement. Interest rate sensitive bank, realty and auto stocks are in focus.
2 August 2017, 13:19 PM
RBI’s monetary policy committee (MPC) is scheduled to announce its decision on interest rates at 2.30 pm today.
2 August 2017, 12:59 PM
The Reserve Bank of India (RBI) is likely to cut its main policy rate (repo) by 0.25 percent to 6 percent - the lowest since November 2010 (6.5-year low).
Also Read: RBI Monetary Policy Review: Why MPC should vote for rate cut today?
2 August 2017, 12:58 PM
The central bank last cut its key interest rate in October 2016.
2 August 2017, 12:57 PM
At its second bi-monthly monetary policy review of the fiscal on June 7, the RBI maintained status quo on its repo or short-term rate for lending to commercial banks, at 6.25 percent.
