The RBI surprised the market with a cut in repo rate and may well follow up its inflation bet with another rate cut.

WPI inflation stood at 3.8% in December, 2018, and 3.02% in January 2018. The retail inflation, released earlier this week, too declined marginally to 2.05% in January on continued decline in food prices, including vegetables and eggs.

Leaked email about Airbus helicopter has no Rafale connection: Reliance Defence to Rahul GandhiReliance Defence on Tuesday said the 'proposed MoU' mentioned in a leaked email cited by Congress president Rahul Gandhi in his fresh allegations on the Rafale deal was about Airbus Helicopter and had no connection with the fighter jet contract. Rahul Gandhi has been constantly attacking Prime Minister Narendra Modi over alleged corruption in the Rafale deal Retail inflation cools further to 2....

Tepid earnings by some more companies and foreign fund outflows also dampened trading sentiments, brokers said. After opening on a positive note, the BSE Sensex advanced to hit an intraday high of 36,465.40 points in opening trade, driven by a firming trend at other Asian markets.

RBI may increase rates by 25 basis points each in Q4 of 2019 and Q1 of 2020, Goldman Sachs said in a research report.

The CG employees, who are currently getting a minimum pay of Rs 18,000, have been demanding an increase of Rs 8,000 or an increase in the fitment factor by 3.68 times from the existing 2.57 times.

RBI said the short-term outlook for food inflation appears particularly benign, despite adverse base effects.

The RBI has reduced the reverse repo rate to 6.0 per cent; the marginal standing facility rate and the bank rate have been kept at 6.5 per cent.

There is a consensus in the market for a 'hold' in the interest rate, but the MPC could also take a call for a 25 basis points cut in the repo rate. There are still inflationary risks on the horizon.

With Budget 2019 done and dusted, all eyes now rest on the central bank as to how it will react on Budget announcements in its policy review. Piyush Goyal is scheduled to address customary post Budget meeting with RBI board on February 9.

The bimonthly meeting of the MPC is scheduled from February 5 to 7. It would be the first MPC meeting under RBI Governor Shaktikanta Das.

Let's try to understand how much the country has gained or lost in the past year in terms of economic growth and issues matter to the common man.

This meeting assumes significance as it comes just days ahead of Budget 2019 and the sixth bi-monthly monetary policy review