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There will be four things to watch out for in the RBI's monetary policy statement today -- GDP forecast, fiscal deficit, inflation outlook and repo rate

MPC Meet: Reserve Bank of India Governor Shaktikanta Das-headed MPC has cut interest rates on every bi-monthly meet since he joined the apex bank last December

The rating action comes days after India's GDP growth hit a six-and-half-year low of 4.5 per cent in the second quarter of the current fiscal

RBI MPC meet: If the Reserve Bank of India cuts the repo rate on Thursday, it would be the sixth reduction in the short-term lending rate in 2019

At the interbank foreign exchange, the rupee opened at 71.66, then gained some momentum and touched a high of 71.58 against the dollar, showing a rise of 8 paise over its last close

In five reductions by RBI's monetary policy committee (MPC) so far in 2019, interest rates have been lowered by a total of 135 basis points over concerns that growth momentum is slowing down and also to try to boost liquidity in the financial system

Analysts expect the MPC slashing interest rates by 25 basis points (bps), along with a marginal cut in gross domestic product (GDP) growth forecast for FY20

Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report

High level of slippages is making the Reserve Bank of India jittery. RBI Governor Shaktikanta Das had earlier advised banks to be cautious and prudent in lending to small borrowers

From an unaccounted system of how much money came into a political party and where it was spent, these bonds have put a leash on income and expenditure on elections by a political party

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The Reserve Bank is closely monitoring the situation at the bank and a forensic audit is underway, governor Shaktikanta Das had said earlier amid persisting uncertainty over depositors' funds

This development comes a day after RBI Governor Shaktikanta Das chaired a high-level meeting with Enforcement Directorate, Mumbai Police, Economic Offences Wing and the administrator of PMC Bank

The RBI has already created a unified department of supervision and a unified department of regulation from November 1 this year

The Company Law committee constituted by the ministry of corporate affairs in September this year has also recommended amending 46 penal provisions under the Companies Act to either remove criminality or to restrict the punishment to only fine in case of certain defaults committed by companies

The primary agenda of the meeting was to discuss the disposal of attached assets and associated legal procedure to raise funds for repaying the depositors and reconstructing the crisis-hit PMC Bank

The bank argued that such issuing electoral bonds would encourage money laundering and would undermine the faith in Indian currency

While the level of NPAs has declined recently, the provision coverage ratio has risen to 60.5% from 48.3% a year ago, Das said

The sharp rise in CPI is scary for borrowers both individual and corporate as the Reserve Bank of India targets retail inflation to fix the short-term repo rate