- RBI manages monetary policy in response to global factors shaping Indian macroeconomic conditions.
- RBI manages monetary policy in response to global factors shaping Indian macroeconomic conditions.
- RBI manages monetary policy in response to global factors shaping Indian macroeconomic conditions.
- RBI actions are being assessed by SBI Research and Kotak Securities, factoring in El Nino risks and potential capital inflow impacts on the Indian Rupee.
SBI Research Forecasts 50 bps Repo Rate Hike Amid Inflationary Pressures
- Reports
- 35
- Developments
- 3
- Repetition
- 91%
New informationRepeats or wire copies
What happened
SBI Research forecasts that the Reserve Bank of India could raise the repo rate by 50 basis points in December, citing persistent inflationary pressures and elevated crude oil prices. The Reserve Bank of India recently raised the repo rate by 25 basis points to 5.50 percent and adopted a calibrated tightening stance. Meanwhile, SBI Funds Management noted that foreign investment flows into Indian government bonds are likely to remain muted due to global yields and rupee expectations.
Why it matters
The Reserve Bank of India is managing monetary policy in response to global factors and risks, such as El Nino and potential capital inflows. The Indian Rupee has been Asia's worst-performing currency this year, falling 7 percent against the dollar. Experts suggest the Reserve Bank of India should keep options open, including rate increases exceeding 25 basis points, to defend the currency.
The Reserve Bank of India manages monetary policy in response to global factors shaping Indian macroeconomic conditions.
Who's involved
- Reserve Bank of IndiaCentral bank of India that manages monetary policy and sets interest rates
- Sanjay MalhotraGovernor of the Reserve Bank of India who guided policy decisions
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FEDSpeculative
Foreign institutional investors might be limited in their funding of Indian bonds due to elevated global yields.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- RBI guidance may help stabilize rupee against dollar pressureRBI policy guidance aims to defend the rupee amid global pressure and FPI outflows.Likely
- Tighter RBI policy may prompt CRISIL to adjust credit ratingsTighter RBI policy stance may prompt CRISIL to adjust credit ratings and commentaryLikely
- Tightening monetary policy may pressure Nirmala Sitharaman's fiscal planningTightening monetary policy may pressure Nirmala Sitharaman's fiscal planningPossible
How it developed
Newest first. Tap a step to see who reported it.SBI Research forecasts RBI rate hikes, complementing Malhotra's guidance on policy.1 source
SBI Funds Management analyzes the Reserve Bank of India's monetary policy guidance.1 source
SBI Funds analyzes the Reserve Bank of India's monetary policy guidance.1 source
Keep exploring
The entities involved
-
Reserve Bank of India
central bank of India
Related events
- The Reserve Bank of India is managing monetary policy for the nation.
- Yes Bank published a report analyzing the monetary policy managed by the Reserve Bank of India.
- The Reserve Bank of India intervenes to manage currency stability amid external pressures, while policy reforms are advised by experts.
- The Reserve Bank of India assesses India's economic performance, with models analyzing the RBI's long annual report.
- India approached the IMF regarding a Balance of Payments crisis while the RBI managed its forex strategy.
Coverage
Newest first; wire copies grouped- caribbeanherald.com
- mainemirror.com
- econotimes.com
- deccanchronicle.com
- newyorktelegraph.com
- orlandoecho.com
- austinglobe.com
- londonmercury.com
- caribbeanherald.com
- newzealandstar.com
- japanherald.com
- afghanistansun.com
- birminghamstar.com
- ohiostandard.com
- middleeaststar.com
20 more outlets ran the same wire story
- calcuttanews.net
- arabherald.com
- russiaherald.com
- thehindubusinessline.com
- newzealandstar.com
- russiaherald.com
- indiagazette.com
- zimbabwestar.com
- aninews.in
- japanherald.com
- iranherald.com
- nepalnational.com
- greekherald.com
- thehindubusinessline.com
- afghanistansun.com
- myanmarnews.net
- chinanationalnews.com
- batonrougepost.com
- trinidadtimes.com
- zimbabwestar.com