Real estate lobby urges RBI to stop repo rate hike
CREDAI has urged the RBI to not increase the repo rate any further.
CREDAI has urged the RBI to not increase the repo rate any further.
The world's biggest economy will go through a mild recession, says Andrew Sheets of Morgan Stanley.
Monetary policy can only hope to address future inflation, not today's inflation, says RBI deputy governor Michael Patra.
Central banks across the globe, except the Bank of Japan, have hiked interest rates as inflation roils their economies.
The unscheduled meeting on November 3 is only a part of the regulatory obligation, SBI Research says.
With its own sectoral growth prospects and capex iffy, India's expectation of 7.2% growth is largely dependent on good luck on external and internal fronts
The bond market gave up all their gains after the policy announcement and pushed yields of benchmark 10-year government bonds higher at 7.25%.
In recent months, demand-led CPI inflation has moved up a bit, while supply-led CPI inflation continues to moderate, SBI says.
Crisil expects the RBI to raise the repo rate by at least 75 bps this fiscal, on top of the 90 bps it has already done.
It would be prudent to invest in shorter duration debt funds as accruals are decent and duration risk is contained.