RBI MPC LIVE Today: RBI Likely To Hold Repo Rate At 6.5%; GDP Forecast To Be Watched Closely

RBI Monetary Policy 2023 Live: Upgrade in GDP Projection Likely: SBI Research The Reserve Bank of India (RBI) is again expected to keep the repo rate unchanged and will go for a “prolonged pause” in its bi-monthly monetary policy. The central bank is likely to downgrade inflation projections for FY24 and a possibility of a GDP growth upgrade, said SBI Research in a report. RBI Monetary Policy 2023 Live: All Eyes on Policy Stance RBI Monetary Policy 2023 Live: RBI Governor Shaktikanta Das to Reveal Repo Rate Decision at 10 am Today Coming up:Monetary Policy statement by #RBI Governor @DasShaktikanta at 10:00 am on June 08, 2023.

https://t. co/QWMUNpWMS1 Post policy press conference telecast at 12:00 pm on same day. https://t.

co/z0TVeoSLMV #rbipolicy #rbigovernor #rbitoday #MonetaryPolicy pic. twitter. com/Thzwh2DW7X — ReserveBankOfIndia (@RBI) June 7, 2023 RBI Monetary Policy 2023 Live: Rumki Majumdar, Economist, Deloitte On expectations from the MPC, Rumki Majumdar, Economist, Deloitte India said, “We expect a pause in this meeting as growth concerns cannot be overlooked.

With the global economy slowing down, there are risks that the slowdown contagion may impact us”. Globally, there are signs that the Central Banks may also take a pause or go with fewer hikes as runaway inflation takes a breather, Majumdar said, and added this will further help the RBI to maintain the status quo. ” RBI Monetary Policy 2023 Live: When, Where And How To Watch Shaktikanta Das Address How to Watch RBI Monetary Policy Decisions LIVE Today YouTube : You can watch the LIVE address of RBI governor on YouTube in the below-given link.

https://www. youtube. com/watch?v=E_mXqRBy4V4 Facebook : The address will be simultaneously streamed on the Reserve Bank of India’s Facebook page.

Twitter : RBI Governor Shaktikanta Das’ address to the country will also be streamed on the Central Bank’s official Twitter handle @RBI . RBI Monetary Policy 2023 Live: Sonam Srivastava, Founder, Wright Research Ahead of the RBI bi-monthly monetary policy review, Indian stock indices, including the Nifty, have been trading steady. Most analysts anticipate that the RBI will maintain the repo rate at 6.

5% due to declining inflation, currently at an 18-month low. This comes after a period of consistent tightening of monetary policy since mid-2022, which has significantly lowered inflation. Despite a pause in April, the RBI has raised the repo rate cumulatively by 250 basis points since May 2022 to combat inflation and that puts pressure on economic growth.

Given the absence of a clear market trend, investors and traders are advised to closely monitor market developments and adapt their strategies as necessary. RBI Monetary Policy 2023 Live: All Eyes on Policy Stance, Says Radhika Rao Radhika Rao, senior economist at DBS said the decision on holding rates is likely to be unanimous, but the question of whether to maintain the current policy stance, which the RBI terms “withdrawal of accommodation”, could be more contentious. The doves on the committee would prefer to close the door on further tightening as inflation has been easing, she told Reuters.

RBI MPC Meeting Live: A Pause Again RBI Monetary Policy 2023 Live: Santosh Meena, Head of Research, Swastika Investmart Ltd The Nifty continues to demonstrate its strong bullish momentum, while the Banknifty is exhibiting some underperformance in anticipation of the RBI policy. Although the market is currently pricing in an unchanged policy, there is speculation that the governor’s comments might adopt a hawkish tone due to robust economic growth coupled with persistent inflation concerns. Additionally, there are emerging concerns regarding potential delays in the monsoon season, which could be addressed in the governor’s commentary and potentially lead to some profit booking in the market.

However, despite these potential headwinds, the overall market structure remains bullish, and any corrections that may occur are viewed as buying opportunities. If the Nifty manages to surpass the 18,700 level, it is likely to pave the way for a further move toward its all-time high of 18,888. On the downside, key support levels to watch are 18,450 and 18,180.

RBI Monetary Policy 2023 Live: Sonal Badhan, Economist, Bank of Baroda In the upcoming credit policy meet of RBI, we expect MPC to remain on hold and keep the rates unchanged. We also expect no change in stance or any future rate hikes. In fact, we anticipate the earliest possible rate cut in October 2023.

Downward revision to RBI’s CPI forecast for FY24 can be expected, by 10-20 bps. However GDP forecasts are estimated to remain unchanged. RBI Monetary Policy 2023 Live: India’s GDP Growth India’s GDP growth for FY23 is estimated at 7%, as per advanced estimates of National Income for 2022-23 revealed by the National Statistical Office (NSO).

RBI has estimated GDP growth of 6. 5% for fiscal 2023-2024. RBI Monetary Policy 2023 Live: Inflation Data Most recent CPI print shows that retail inflation has fallen to 18-month low of 4.

7% in April 2023, below RBI’s upper tolerance limit, as compared to 5. 7% in March 2023. RBI MPC LIVE Updates: What has Changed Since the Last RBI Policy Outcome? Since the last policy, RBI will be evaluating trends in inflation, monsoon and sowing, changes in oil prices, movement of high frequency indicators and global developments.

RBI MPC LIVE Updates: RBI Kept Repo Rate Unchanged During The April Meeting RBI MPC LIVE News Updates: MPC Meeting Outcome Today The Reserve Bank of India (RBI) is set to announce its monetary policy decision later today after the three-day meeting of its rate-setting panel, Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das. .