Monetary policy review News
The RBI had cut the key short-term lending rate (repo) by 25 basis points each in its last two policy reviews. The central bank is slated to announce its next bi-monthly policy decision on June 6.
The Sensex touched a high of 34,666.33 points and a low of 34,059.59 points during intra-day trade.
In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.
Investments in the public provident fund (PPF) scheme will fetch annual rate of 7.8 per cent while Kisan Vikas Patra (KVP) investments will yield 7.5 per cent and mature in 115 months.
The RBI governor usually meets Union finance minister before the monetary policy review.
The Reserve Bank of India`s monetary policy review and the ongoing quarterly results season are expected to determine the trajectory of equity indices next week.
RBI's monetary policy review, macroeconomic data points and quarterly earnings would set the stock market trend in an eventful week ahead, say experts.
Benchmark equity indices hit an all time high on Thursday fuelled by steep drop in retail inflation and dovish comments from the US Fed on Wednesday.
Indian equities markets sustained their bull run for the third consecutive week as positive global cues, coupled with a strong rupee, higher crude prices and inflow of foreign funds, kept investors` sentiments upbeat.
The bull run at the Indian equities markets continued for the second consecutive week as sops announced in the Union Budget 2017-18, along with a strong rupee and inflow of foreign funds, buoyed investors` sentiments.
The monetary policy review on October 4 will be the first by the six-member MPC as well as Governor Patel, who as the deputy governor had described the RBI as an owl when it comes to inflation management.
Finance Minister Arun Jaitley on Friday expressed hope that the Reserve Bank will keep in mind the decline in retail inflation while deciding on interest rates at its policy review meeting on October 4.
Reserve Bank Governor Urjit Patel today called on Finance Minister Arun Jaitley here and is believed to have discussed the prevailing economic situation.
Reserve Bank of India (RBI) Governor Raghuram Rajan welcomed the appointment of Urjit Patel as his successor, saying it would ensure continuity in meeting the country`s inflation objectives.
Ahead of monetary policy review scheduled on August 9, Reserve Bank of India (RBI) governor Raghuram Rajan called on Finance Minister Arun Jaitley to discuss the macroeconomic situation ahead of his last monetary policy review on Tuesday.
RBI Governor Raghuram Rajan speaking on banking policies
Will the Reserve Bank of India slash the repo rate?
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