RBI may hold rates, issue FY25 outlook
Mint Mumbai|February 05, 2024
Economists polled by Mint expect little change in MPC stance
Gopika Gopakumar
RBI may hold rates, issue FY25 outlook

The Reserve Bank of India’s (RBI’s) rate-setting panel may keep the key policy rate unchanged at 6.5% in its monetary policy review this week, a Mint poll of 10 economists showed.

The economists expect the Monetary Policy Committee (MPC) to sound optimistic on growth and to reiterate its commitment to the central bank’s 4% headline inflation target.

Most economists polled also expect the MPC to keep inflation and GDP growth forecasts unchanged at 5.4% and 7%, respectively, for FY24. They also expect RBI to announce its growth forecast for FY25.

The committee is scheduled to meet for three days beginning 6 February and announce its review on 8 February. In a report released on 2 February, Goldman Sachs’s assessment of the MPC’s position on the repo rate and headline inflation target was similar to the predictions of Mint’s poll of economists.

In addition, the report said: "We further expect RBI to retain its tight liquidity stance as signalled by the comment that they will ‘remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth’."

هذه القصة مأخوذة من طبعة February 05, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 05, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
World Bank calls for reforming skills training in India
Mint Mumbai

World Bank calls for reforming skills training in India

India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.

time-read
2 mins  |
November 23, 2024
Mint Mumbai

FCPA cases take long to conclude after indictment

For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.

time-read
2 mins  |
November 23, 2024
Short-covering, relief rally add ₹7.27 trillion wealth
Mint Mumbai

Short-covering, relief rally add ₹7.27 trillion wealth

Markets up 2.39% to hit the highest in six months, a day after Adani's indictment

time-read
2 mins  |
November 23, 2024
Wetter monsoon slows pace of adding new transmission lines
Mint Mumbai

Wetter monsoon slows pace of adding new transmission lines

India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.

time-read
2 mins  |
November 23, 2024
COP29's $1.3 tn fund plan disappoints Global South
Mint Mumbai

COP29's $1.3 tn fund plan disappoints Global South

The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.

time-read
3 mins  |
November 23, 2024
Jaguar rebrand is pink, diverse and doesn't feature any cars
Mint Mumbai

Jaguar rebrand is pink, diverse and doesn't feature any cars

Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.

time-read
3 mins  |
November 23, 2024
Mint Mumbai

Services up as manufacturing slows in Nov

The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2

time-read
1 min  |
November 23, 2024
MSMED may protect medium firms too
Mint Mumbai

MSMED may protect medium firms too

The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.

time-read
1 min  |
November 23, 2024
Europe boosts Indian textile exports in FY25
Mint Mumbai

Europe boosts Indian textile exports in FY25

Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis

time-read
2 mins  |
November 23, 2024
Mint Mumbai

RBI nudges banks to cut speculative bet in rupee

The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.

time-read
1 min  |
November 23, 2024