Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors

The RBI has said that in the absence of a sharp cut in the policy repo rate, the slowdown in credit growth would have been far more severe

The domestic unit opened at 73.81 per US dollar at the interbank forex market and gained 16 paise to 73.77 against the greenback over its previous close

RBI Governor Shaktikanta Das says MPC voted unanimously to keep policy repo rate unchanged at 4 per cent; changes its FY21 real GDP target to 7.5 per cent as compared to 9.5% contraction projected earlier

India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

Apex bank could take steps to fasten India's economic recovery after the coronavirus, but high inflation will most likely force it to keep the rates unchanged

Though RBI cannot raise interest rates due to the effect of the Coronavirus (Covid-19) pandemic on economic activity, it would still consider the long-term impact of negative real interest rates on the Indian economy, economists believe

Consumer price inflation continued to rise in Ocotober as prices in food basket remained high during the month; vegetables, pulses and protein products remained costlier, driving inflation higher

Currently, financial conditions in India are easiest seen in two years, says CRISIL. As per the ratings agency, the RBI's sharp rate cuts and unconventional measures have helped ease financial conditions

The consumer confidence index (based on the current situation) recorded its third successive all-time low of 49.9 in September as compared to 53.8 in July and 63.7 in May, shows RBI survey

The RBI's decision broadly mirrors the stance adopted by a number of central banks in advanced economies (AE), while it diverges considerably from those of emerging market economies (EMEs) that continued to cut rates through Q2 and Q3 of 2020

The rupee opened at 73.21 per dollar at the interbank forex market, and gained further ground to touch 73.09, rising 15 paise from its previous close of 73.24 per US dollar

MPC meet today: Experts believe the policy rates are likely to remain unchanged, primarily due to high inflation levels for over five months now; RBI's panel to also give guidance on India's economic performance amid the coronavirus pandemic in India

MCLR-linked home loans come with a reset period of one year, which SBI has reduced to six months. Although it is wise to go with the reduced reset period, there could be some pitfalls

SBI report said that providing fiscal stimulus is the most effective solution in the current pandemic and it should be immediately provided in line with other countries

Following the reduction in rate, the bank's overnight MCLR stands at 7 per cent while the one-month MCLR is 7.05 per cent, whereas the three-month and six-month MCLRs will now be 7.10 per cent and 7.20 per cent

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

RBI Monetary Policy Committee has decided to keep the repo rate unchanged at 4 per cent citing enough liquidity in the economy

RBI enhanced gold loan limit: If the value of your gold is Rs 1 lakh you can now get a loan of up to a maximum of Rs 90,000 from earlier Rs 75,000, as per the decision taken by RBI's Monetary Policy Committee (MPC) on Thursday

RBI governor Shaktikanta Das announced setting up of an expert committee headed by veteran banker KV Kamath which would make recommendations to the RBI on the required financial parameters