Articles / Market Updates

• 08 Jun

  2nd Bimonthly Monetary Policy 2017-18

  The Monetary Policy committee (MPC) presented its second monetary policy for the fiscal year on June 07, 2017. In line with our expectations, the MPC voted (5 – 1) in favour of keeping the policy repo rate unchanged at 6.25%, while maintaining the ‘neutral’ stance of the monetary policy and remaining watchful of incoming data.

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• 07 Apr

  1st Bimonthly Monetary Policy 2017-18

  The Monetary Policy committee (MPC) presented its first monetary policy for the fiscal year on April 06, 2017. The MPC kept the policy repo rate unchanged at 6.25%, while maintaining the ‘neutral’ stance of the monetary policy, with all of the six members of the MPC unanimously voting in favor of the monetary policy decision. … Continue reading 1st Bimonthly Monetary Policy 2017-18

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• 13 Feb

  6th Bimonthly Monetary Policy 2016-17

  The Monetary Policy committee (MPC) presented its third monetary policy on Feb 08, 2017. In an unexpected move, the MPC kept the key policy rates unchanged and changed the stance of monetary policy from ‘accommodative’ to ‘neutral’, with all of the six members of the MPC unanimously voting in favor of the monetary policy decision.

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• 05 Oct

  4th Bimonthly Monetary Policy 2016-17

  Dr. Urjit Patel, the new RBI governor and the recently formulated Monetary Policy committee (MPC) and presented their first monetary policy on 04-Oct-2016. The committee comprises of 6 members, 3 members from the RBI and 3 members appointed by the Government.

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• 05 Oct

  3rd Bimonthly Monetary Policy 2016-17

  The Reserve Bank of India came out with the 3rd Bimonthly Monetary Policy statement of this fiscal today. As expected by us, the RBI maintained its repo rate at 7.25% and kept the CRR and SLR unchanged at 4% and 21.5% respectively.

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• 08 Jun

  2nd Bimonthly Monetary Policy 2016-17

  In line with our expectations, the RBI has kept key policy rates unchanged in its 2nd Bi-monthly Monetary Policy statement of this fiscal. However, the underlying tone of the policy remains accommodative, and would be guided by macro-economic data including the implementation of 7th Pay Commission recommendations, monetary transmission and the monsoons.

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• 18 Apr

  1st Bimonthly Monetary Policy 2016-17

  In line with our expectations, the RBI has reduced the benchmark repo rate by 0.25% to 6.5% in its first Bi-monthly Monetary Policy statement of the new fiscal year.

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• 18 Mar

  Post Budget FY 17 Analysis – Indian Stocks Gain as Budget Deficit Plan Spurs Rate Cut

  In Budget FY17 the finance minister maintained the fiscal consolidation roadmap as outlined in 2015 with the fiscal deficit target for the coming year at 3.5% of GDP.

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• 15 Feb

  6th Bimonthly credit policy – Remain invested to grow

  In line with our expectations, the RBI has kept the policy rates unchanged in its 6th Bi-monthly Monetary Policy statement of this fiscal today. The underlying tone of the policy shifted to become more balanced from the dovish December policy as perceived by the market. However, RBI reiterated its accommodative stance, while noting that further … Continue reading 6th Bimonthly credit policy – Remain invested to grow

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• 15 Feb

  5th Bimonthly credit policy – Remain invested to grow

  In line with our expectations, the RBI has kept the policy rates unchanged in its 5th Bi-monthly Monetary Policy statement of this fiscal today. RBI mentioned that the 50 bps cut in its previous policy in Sep 2015 was front loaded in response to weak domestic and global demand that was holding back investment.

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