The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7.
The economists also recommended that the RBI maintain its current stance of remaining "focused on withdrawal of accommodation," sources said.
"Today, most people were recommending a 25-35 bp rate hike and for them (the RBI) to speak hawkish. Hike less but speak hawkish. They also recommended that the stance be kept the same. That was the general feedback. They (RBI) didn't say much, as usual, just heard them out," a source said.
"The rationale would be that it would be difficult for them to prematurely signal any softening of policy when you have such external volatilities and the trade balance being the way it is. Unless FPI flows show some sense of stability returning they would have to be cautious," the source said.
An email sent to the RBI did not receive a response by the time of going to press.
Denne historien er fra November 26, 2022-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 26, 2022-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Global hunger crisis deepens as major nations skimp on aid
It's a simple but brutal equation: The number of people going hungry or otherwise struggling around the world is rising, while the amount of money the world's wealthiest nations are contributing toward helping them is dropping.
Statesman who shaped India with his vision and resolve
Today, 25th December is a very special day for all of us. Our nation marks the 100th jayanti of our beloved former Prime Minister, Shri Atal Bihari Vajpayee Ji.
Bhaker accepts 'lapse' on her part amid Khel Ratna row
Paris Olympics' double bronze-medallist Manu Bhaker on Tuesday admitted that \"there has been a lapse maybe on my part\" while filing nominations for this year's National Sports Awards amid a raging controversy over her exclusion from the list of Dhyan Chand Khel Ratna awardees.
Consumer fickleness on the rise as phygital shopping takes root
Omnichannel shopping, or the phygital (physical and digital) experience, is gaining traction as the preferred way to shop among Indian consumers, who are increasingly forsaking physical stores. However, customer loyalty is becoming increasingly fickle, as consumers frequently switch brands and retailers.
The charts Indian policymakers should worry about
In a series of recent pieces, we have been arguing that the just-ended Reserve Bank of India (RBI) regime made a radical change in exchange rate policy, which reduced export competitiveness and rendered monetary policy inappropriate for a slowing economy.
Manipur, Bihar, other states get new governors
Former Union Home Secretary Ajay Kumar Bhalla has been appointed the governor of strife-torn Manipur, ex-Army chief Vijay Kumar Singh is the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar as part of gubernatorial appointments effected by President Droupadi Murmu on Tuesday.
BCs meet Irdai, seek consent to sell insurance products
The Business Correspondent Resource Council (BCRC) has made a pitch to the Insurance Regulatory and Development Authority of India (Irdai) that field agents be allowed to hawk insurance products.
Credit card spend falls 16% in Nov after festival high
Decline due to moderation in consumer spending; issuances come down
Caramelised popcorn in theatres may stay in 5% slab
Single rate on sale of all old, used vehicles, including EVs
Indo Farm Equipment listing to open for subscription on Dec 31
Indo Farm Equipment on Tuesday fixed a price band of ₹204 to ₹215 per share for its initial share sale that opens for public subscription on December 31.
