TAG: Expert Columns
RBI not yet ready for pivot, 100-150 bps repo rate cut likely by FY26, says this chief economist
By Indranil Pan, Chief Economist at Yes Bank“Last mile of disinflation to be challenging”, this is what the RBI governor had indicated at the February policy. And this probably continues to be the critical theme that continues into April’s policy and coul...
6 months ago
Rate cut cycle of RBI likely to be shallower than those of global central banks: Unmesh Kulkarni of Julius Baer India
By Unmesh Kulkarni, managing director senior advisor at Julius Baer IndiaThe RBI monetary policy announcement was completely on expected lines. Almost the entire market was expecting a status quo on policy rates, and RBI did just that. There were some exp...
6 months ago
RBI presents a balanced policy, change in stance likely in Q2FY25 with 50 bps rate cuts in current financial year
By Deepak Agrawal, CIO-Debt at Kotak Mahindra AMCThe Reserve Bank of India (RBI) announced the first monetary policy of FY25 on April 5, 2O24. The RBI’s Monetary Policy Committee (MPC) voted with 5-to-1 majority to keep the key policy repo rate unchanged...
6 months ago
Rate cut may not be soon as these 3 concerns pose upside risk to commodity prices and supply chains
By Deepak Jasani, head of retail research at HDFC SecuritiesThe RBI MPC (Monetary Policy Committee) voted 5-1 to keep policy repo rate unchanged at 6.5 percent on April 5, maintaining status quo for the seventh time. The MPC is resolute in its commitment...
6 months ago
Budget 2024 – Sanctity of macro preserved without populism!
By Hiren Ved, Director & Chief Investment Officer at Alchemy Capital ManagementAt first glance, the budget seemed populist, but it is not! Yes, there is a big push to try and fire up employment but incentivising the private sector to hire more and tac...
2 months ago
Focus on these 6 sectors post budget; pharma and IT could be dark horses
By Mohit Khanna, Fund Manager at Purnartha One StrategyIn general, the market's expectation was that the government will use the RBI’s dividend payout for welfare activities. However, the Government chose to use almost the entire payout to reduce the fisc...
2 months ago
RBI MPC meet: Turf war between hawkish RBI and global macro scenario
By Abhishek Bisen, Head- Fixed Income at Kotak Mahindra AMCThe Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is scheduled to announce its decision on August 8, 2024. It will be the third monetary policy of the FY25. The repo rate has remai...
2 months ago
Now, first rate cut seems to be more likely in December or February given RBI's hawkish tone
By Unmesh Kulkarni, Managing Director Senior Advisor at Julius Baer IndiaLike in the previous policy, there were no surprises in the August monetary policy, with the RBI Monetary Policy Committee (MPC) maintaining status quo on policy rates (repo rate @ 6...
2 months ago
RBI focuses on aligning CPI with target amid resilient domestic growth
By Shibani Kurian, Head- Equity Research and Fund Manager at Kotak Mahindra AMCThe Monetary Policy Committee (MPC) decided by 4:2 majority to keep the repo rate unchanged at 6.5 percent, in line with expectations. The MPC also decided by a majority of 4 o...
2 months ago
Change in RBI policy stance likely, but rate cut not expected in Oct MPC meet
By Abhishek Bisen, Head – Fixed Income at Kotak Mahindra AMCThe Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will be announcing its decision on the repo rate on October 9, 2024. The upcoming meeting will be keenly watched as it is the cen...
1 week ago
RBI keeps options open for a cut in December or February but rate cycle to be shallower
After a somewhat hawkish policy in August, the Reserve Bank of India's monetary policy committee's tone was more balanced in the October policy, with a bit of "dovish" tilt.The re-constituted MPC, with three new external members, voted 5:1 to keep the pol...
1 week ago
Rate cut can't be ruled out in December as RBI governor looks confident on inflation target
The Reserve Bank of India’s (RBI) monetary policy committee on October 9 voted 5:1 to keep the repo rate unchanged at 6.5 percent. One of the external members, Nagesh Kumar, voted to reduce the policy rate by 25 bps.The monetary policy committee (MPC), ho...
1 week ago
RBI MPC: Bit more clarity on inflation awaited, still no guarantee for December cut
By Indranil Pan, Chief Economist at Yes BankExpected by some and not expected by others – RBI’s newest MPC (Monetary Policy Committee) was unanimous in changing the stance of the monetary policy to “neutral” from “withdrawal of accommodation”. While doing...
6 days ago