RBI Policy: MPC cuts repo rate by 25 basis points to 6.25%
RBI Policy: MPC cuts repo rate by 25 basis points to 6.25%
RBI Policy: MPC Cuts Repo Rate by 25 Basis Points to 6.25%
07 February, 2019, 20:12
Rajiv Kumar, vice chairman of government think-tank NITI Aayog, said the bank should act to help spur "higher growth rates". It also stayed below RBI's inflation target of 4 per cent for five consecutive months.
It can be noted that the RBI had hiked rates twice in quick succession in 2018 but has been cutting its inflation projections ever since, leading to the rate cut Thursday-the first since the middle of 2017.
The central bank also sounded bullish about the prospects in the real sector, only marginally reducing its 2019-20 GDP growth forecast to 7.4 percent from 7.5 percent earlier, amid sprouting investment revival signs.
The central bank's surprise cut in interest rate could work well with the Narendra Modi government at the Centre which wants to boost growth in an election year.
RBI has decided enhancement of collateral free agriculture loan from Rs 1 lakh to Rs 1.6 lakhs. This is the first policy statement issued by the RBI under its newly appointed governor Shaktikanta Das.
Some politicians and stock market analysts said the rate cut decision may not improve Modi's chances in the election as the banks could take time to pass on rate cut benefits. "The need is to strengthen private investment activity and buttress private consumption". The MPC expects inflation to ease from this point (2.8 percent for ongoing quarter; 3.2-3.4 percent for first half of next fiscal).
Trade tensions and associated uncertainties appear to be moderating global growth, the bank said.
Brandon Ingram Taunted With "LeBron's Gonna Trade You" Chants In the loss, James became just the fifth player in National Basketball Association history to record 32,000 career points. Bojan Bogdanovic was Indiana's chief shooter, scoring a game-high 24 points, including his team's first 10 of the night.
Crude oil prices have also moderated sharply over the last six weeks, which could push down headline inflation rate even further.
In another measure, resolution applicants under corporate insolvency resolution process (CIRP) will also be allowed to avail of external commercial borrowings (ECBs) to repay existing lenders.
The RBI had maintained status quo on the key lending rate (repo) in its last three bi-monthly policy reviews after raising the rate twice by 25 basis points each in the fiscal.
"Inflation in the prices of farm inputs and industrial raw materials remain elevated, despite some softening".
Mumbai: The Reserve Bank of India (RBI) on Thursday unexpectedly lowered interest rates and as anticipated, shifted its stance to "neutral" from "calibrated tightening" to boost a slowing economy after a sharp fall in the inflation rate.
Dr Ravindra H. Dholakia, Dr Pami Dua, Dr Michael Debabrata Patra and Shri Shaktikanta Das voted in favour of rate cut decision while Dr Chetan Ghate and Dr Viral V. Acharya voted to keep the policy rate unchanged.
Imposing tariffs make US-made products cheaper than imported ones, and encourage consumers to buy American. Japan and Canada will see exports increase by more than United States dollars 20 billion each, it said.
The coroner's report lists the cause of death as "acute intracranial hemorrhage due to history of blunt force trauma". A 79-year-old woman was killed when a foul ball struck her in the head at a Dodgers game during the 2018 season.
Through the first two-and-a-half seasons of his career, Matthews has 178 points, with 97 of those points coming on goals. Matthews joins fellow Toronto youngster William Nylander who was also signed by the Maple Leafs long term in December.
With that success, it's not uncommon to receive a ton of fan feedback, with cross-play being on the minds of many players. We absolutely are looking into that in the context of Apex , and we'll be looking at that across our portfolio over time.
Needing an imposing 220 for victory on Wednesday night, India were all out for just 139 in the final over of the match. Hardik Pandya and Krunal Pandya became the only second pair of brothers to play for India in a same T20I match.
Before that, she had dated several high-profile men in the past, including actor Nicholas Hoult and Coldplay singer Chris Martin . It was first reported in June that Lawrence and Maroney were seeing each other, although it's unclear when they began dating.
Warren, who rarely gives hallway interviews in the Capitol, did so Wednesday to address the Washington Post report. She said her recent apologies were a recognition that she should have been more aware of how she was identifying.
After placing the ball on the bank, Fowler walked up to the green to survey the shot, when the ball rolled into the water. Fowler opened with four birdies in six holes and navigated a hard two-putt on the par-4 18th hole to reach 20-under 193.
After his meeting with the Irish prime minister , Mr Tusk also agreed that the EU27 would make no further offers to Britain. The eight week delay is a last-ditch attempt to solve the Brexit issue ahead of the European elections.
Kings send Iman Shumpert to Rockets in 3-team trade with Cavs
For the Cavs, they're scooping up yet another future draft pick for taking on bad contracts and sending out a useful bench scorer. Knight has two seasons, including 2019, and about $30 million left on the five-year, $70 million deal he signed with the Suns.
Kings Acquire Forward Harrison Barnes
On the screen, it was displayed that he had been sent to Sacramento by the Mavs. Barnes is no sure bet to opt-in next season. James' post was liked by Anthony Davis .
Washington Wizards' $235 million injury nightmare, John Wall
The Wizards have tried to build a roster around him, and Wall's $170-million, four-year contract extension kicks in next season . The Wizards say Wall is expected to return to full basketball activity in approximately 12 months from the time of the surgery.
Raiders going across the Bay for 2019
During the 2011 season, California played Pac-12 games in AT&T Park while their home stadium in Berkley was under renovation. The Raiders also considered sharing Levi Stadium in Santa Clara with the Niners, but that backup plan failed to materialize.
Google launches Password Checkup Chrome extension - Software
For those anxious that Google will be getting a copy of all of your usernames and passwords, Google's got some good news for you. If you're one of the many people using Chrome as your main browser, it certainly seems like it's worth installing.
Ariana Grande not performing at The Grammys 2019
Grande also likely wants to use the platform to promote her new album " Thank U, Next ", featuring that track. They wouldn't let her sing a song from her Melodrama album which was nominated for album of the year.
USB stick found in frozen seal poo in New Zealand
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