Notwithstanding gross domestic product (GDP) growth plunging to 5.4 per cent in the July-September quarter, the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) is unlikely to lower interest rates in its review meeting scheduled this week, according to a Business Standard poll of 10 respondents.
Only one respondent, IDFC First Bank, has anticipated a 25-basis-point (bps) cut in the policy repo rate.
After raising the repo rate by 250 bps to 6.5 per cent between May 2022 and February 2023, the MPC has kept it unchanged in its last 10 reviews.
Most respondents, however, said both growth and inflation projections for the current financial year were likely to be revised.
The RBI may lower its growth projection from 7.2 per cent and raise its inflation forecast from 4.5 per cent.
Though interest rates are expected to remain unchanged, liquidity management is likely to be an important focus of the December review, which will be announced on Friday.
Diese Geschichte stammt aus der December 02, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 02, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Jay Shah takes over as ICC chairman
Indian cricket administrator Jay Shah on Sunday took charge as the chairman of the International Cricket Council (ICC) with an immediate goal of ending the impasse surrounding the Champions Trophy and a broader vision of making cricket a commercially viable Olympic sport.
Nine states bet $18 bn on women's empowerment
Nine Indian states with ongoing or proposed cash transfer schemes for women have collectively allocated $18 billion in their 2024-25 Budget Estimates, amounting to 0.5 per cent of India's gross domestic product (GDP) for the same financial year, according to research by Goldman Sachs.
Every couple should have at least three kids, says RSS chief
Expressing concern over declining population growth, RSS chief Mohan Bhagwat on Sunday said India's Total Fertility Rate (TFR), the average number of children a woman gives birth to in her lifetime, should be at least 3, well above the present one of 2.1.
Painkillers, anti-infective drugs fail quality tests most in 2024: CDSCO
Painkillers, anti-infectives and medications for type-2 diabetes were among the class of drugs flagged as not of standard quality (NSQ) and spurious the most in 2024, according to data collated from drug alerts issued by the Central Drug Standards Control Organisation (CDSCO).
Pollution rises while funds gather dust
The National Clean Air Programme (NCAP), launched in 2019 to improve air quality in 131 cities, has shown limited progress as rising pollution levels and underutilisation of funds raise concerns about its effectiveness.
Robust taxes ease burden of freebies on states
The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections.
Monetary policy: Hobson's choice before RBI
This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar
CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
SFBs: The canter on a chequered terrain
Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.
Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
