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Inflation has been decelerating for the past four months, it touched a high of 7.78% in April.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, it remained above the \u003ca href=\\\\\\\"https://opoyi.com/india/rbis-first-set-of-rules-for-digital-lending-released-everything-to-know-722890/\\\\\\\"\u003eReserve Bank of India's\u003c/a\u003e tolerance band of 2%-6% for the seventh month in a row.\u0026nbsp;The government has directed the central bank to maintain retail inflation at 4% with a margin of 2% on either side for a five-year period ending March 2026.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/how-the-inflation-reduction-act-will-impact-rising-costs-in-us-724192/\\\\\\\"\u003eHow the Inflation Reduction Act will impact rising costs in US\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The overall food inflation was at 6.75% in July as compared to 7.75% in the preceding month. The inflation rate for vegetables came in at 10.9% in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key indicator of the Indian staple diet, pulses, witnesses a contraction of 0.18%. Fuel and electricity prices increased by 11.76% as compared to 10.39% in July while clothing and footwear gained 9.91% and the housing segment inched up 3.90%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/is-it-better-to-invest-in-real-estate-during-surging-inflation-711166/\\\\\\\"\u003eIs it better to invest in real estate during surging inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The supply-chain disruptions due to ongoing geopolitical crises and increasing \u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eglobal inflation\u003c/a\u003e rates are constantly driving the \u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003edomestic inflationary pressures\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI in its \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003emonetary policy committee\u003c/a\u003e\u0026nbsp;(MPC) had raised its key interest rates by 50 bps to 5.4% on August 5, 2022, higher than the pre-pandemic level. Rates have increased by 140 basis points since May 2022. RBI kept its inflation forecast for the country unchanged at 6.7% for this financial year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das said that inflation is likely to remain above the central bank’s 6% upper tolerance level in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilize inflation expectations and harm growth in the medium term. The central bank now sees inflation for Q2 at 7.1%, Q3 at 6.4% and Q4 at 5.8%.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-12T21:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"India's retail inflation eased to 6.71% in July from 7.01% in the previous month, helped by a lower rise in food prices, according to government data released on Friday. It has slipped lower than 7% for the first time in four months. Inflation has been decelerating for the past four months, it touched a high of 7.78% in April. However, it remained above the Reserve Bank of India's tolerance band of 2%-6% for the seventh month in a row. The government has directed the central bank to maintain retail inflation at 4% with a margin of 2% on either side for a five-year period ending March 2026. Also Read | How the Inflation Reduction Act will impact rising costs in US,The overall food inflation was at 6.75% in July as compared to 7.75% in the preceding month. The inflation rate for vegetables came in at 10.9% in July. The key indicator of the Indian staple diet, pulses, witnesses a contraction of 0.18%. Fuel and electricity prices increased by 11.76% as compared to 10.39% in July while clothing and footwear gained 9.91% and the housing segment inched up 3.90%. Also Read | Is it better to invest in real estate during surging inflation?,The supply-chain disruptions due to ongoing geopolitical crises and increasing global inflation rates are constantly driving the domestic inflationary pressures. RBI in its monetary policy committee (MPC) had raised its key interest rates by 50 bps to 5.4% on August 5, 2022, higher than the pre-pandemic level. Rates have increased by 140 basis points since May 2022. RBI kept its inflation forecast for the country unchanged at 6.7% for this financial year. Also Read | How Paul Volcker tamed inflation with two recessions in 1980s,RBI Governor Shaktikanta Das said that inflation is likely to remain above the central bank’s 6% upper tolerance level in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilize inflation expectations and harm growth in the medium term. The central bank now sees inflation for Q2 at 7.1%, Q3 at 6.4% and Q4 at 5.8%.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Inflation, India retail inflation, India CPI inflation, India inflation July, Inflation data July, Food price, vegetable price, Fuel prices,Economy news, business news","originalPublishedOn":"2022-08-12T18:55:07+05:30"}},{"node":{"id":"JRSwBMpzTJRI","slug":"english/what-is-consumer-price-index-cpi","slugV2":"business/what-is-consumer-price-index-cpi-707159/","title":"What is Consumer Price Index (CPI)?","postType":1,"coverMedia":"/opoyi_-IkQnfOWu.jpg","coverCaption":"CPI is studied by the Reserve Bank of India and other statistical agencies in order to understand price changes in various commodities and to keep track of inflation. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-12T20:30:53+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Consumer Price Index gives varying weights to different items in the basket\u003c/li\u003e\n \u003cli\u003eA country's economy's inflation rates are determined using the CPI\u003c/li\u003e\n \u003cli\u003eThe CPI is computed with reference to a base year that serves as a benchmark\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1660316450134,\\\"strCount\\\":3116,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Consumer Price Index (CPI) measures the change in retail prices of basic goods and services purchased by households. The index tracks these prices at the item level and their rural and urban price movements, as well as the price movement of the total basket of goods and services at the rural, urban, and all-India levels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indias-retail-inflation-drops-to-671-in-july-724507/\\\\\\\"\u003eIndia's retail inflation drops to 6.71% in July\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The index gives varying weights to different things in the basket. The weight of a single item might also differ between the urban and rural indexes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A country's\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003einflation\u003c/a\u003e rates are determined using the CPI. This may then be used to calculate the cost of living. This also reveals how much a consumer may pay to keep up with the price shift.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee\\\\\\\"\u003eExplained: Why has RBI allowed international trade settlement in Rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The CPI is computed with reference to a base year that serves as a benchmark. The price change is only for that year. When computing the CPI, remember that the price of the basket in one year must first be divided by the price of the market basket in the base year. It is then multiplied by 100.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCPI =\u0026nbsp;(Price of basket in current period / Price of basket in base period) x 100\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/what-is-insolvency-and-bankruptcy-code-2016\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code 2016?\u003c/a\u003e\u003cbr\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI is studied by the \u003ca href=\\\\\\\"https://opoyi.com/topic/reservebankofindia\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e and other statistical agencies in order to understand price changes in various commodities and to keep track of inflation. CPI is also useful in determining the true worth of wages, salaries, and pensions, as well as the purchasing power of a country's currency and in adjusting prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There are four consumer price index figures calculated in India:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI for Industrial Workers (IW)\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI for Agricultural Labourers (AL)\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI for Rural Labourers (RL) and\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI for Urban Non-Manual Employees (UNME).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-the-us-federal-reserves-rate-hike-impacts-rbi-policy-explained\\\\\\\"\u003eHow the US Federal Reserve's rate hike impacts RBI policy: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The CPI (UNME) data is compiled by the Ministry of Statistics and Program Implementation, while the Ministry of Labour's Labor Bureau gathers the data for the remaining three.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-12T20:20:53+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Consumer Price Index (CPI) measures the change in retail prices of basic goods and services purchased by households. The index tracks these prices at the item level and their rural and urban price movements, as well as the price movement of the total basket of goods and services at the rural, urban, and all-India levels. Also Read| India's retail inflation drops to 6.71% in July,The index gives varying weights to different things in the basket. The weight of a single item might also differ between the urban and rural indexes. Also Read| What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,A country's inflation rates are determined using the CPI. This may then be used to calculate the cost of living. This also reveals how much a consumer may pay to keep up with the price shift. Also Read| Explained: Why has RBI allowed international trade settlement in Rupee,The CPI is computed with reference to a base year that serves as a benchmark. The price change is only for that year. When computing the CPI, remember that the price of the basket in one year must first be divided by the price of the market basket in the base year. It is then multiplied by 100. Also Read| How inflation affects RBI’s interest rate policy,CPI = (Price of basket in current period / Price of basket in base period) x 100,Also Read| What is Insolvency and Bankruptcy Code 2016?,CPI is studied by the Reserve Bank of India and other statistical agencies in order to understand price changes in various commodities and to keep track of inflation. CPI is also useful in determining the true worth of wages, salaries, and pensions, as well as the purchasing power of a country's currency and in adjusting prices. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,There are four consumer price index figures calculated in India:,CPI for Industrial Workers (IW),CPI for Agricultural Labourers (AL),CPI for Rural Labourers (RL) and,CPI for Urban Non-Manual Employees (UNME). Also Read| How the US Federal Reserve's rate hike impacts RBI policy: Explained,The CPI (UNME) data is compiled by the Ministry of Statistics and Program Implementation, while the Ministry of Labour's Labor Bureau gathers the data for the remaining three.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the Reserve Bank of India,India,Agricultural Labourers (AL,Rural Labourers (RL,Urban Non-Manual Employees,UNME,the Ministry of Statistics and Program Implementation,the Ministry of Labour's,Labor Bureau","originalPublishedOn":"2022-07-22T12:33:01+05:30"}},{"node":{"id":"jGZzsmROXat0","slug":"english/rbis-first-set-of-rules-for-digital-lending-released-everything-to-know","slugV2":"india/rbis-first-set-of-rules-for-digital-lending-released-everything-to-know-722890/","title":"RBI's first set of rules for digital lending released: Everything to know","postType":1,"coverMedia":"/opoyi_Qg06pA4YZ.jpg","coverCaption":"According to law, the Reserve Bank must manage the nation's credit system in a way that benefits it.(Photo Credit: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-10T19:40:01+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Reserve Bank of India released the first set of regulations for digital lending\u003c/li\u003e\n \u003cli\u003eThe borrower's bank account and the regulated entity must be used for all loan disbursals\u003c/li\u003e\n \u003cli\u003eThe WGDL has recommended specific legislative and institutional changes\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1660137687398,\\\"strCount\\\":3954,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-monetary-policy-sensex-nifty-gain-after-reserve-bank-holds-rates-646987/\\\\\\\"\u003eThe Reserve Bank of India\u003c/a\u003e released the first set of regulations for digital lending on Wednesday in an effort to counter the rise in online fraud and illegal activity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The regulatory framework of the Reserve Bank is centered on the digital lending ecosystem that consists of the Regulated Entities (REs) of the RBI and the Lending Service Providers (LSPs) that are employed by them to extend various permitted credit facilitation services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/snapchat-setting-stage-to-lay-off-employees-721817/\\\\\\\"\u003eSnapchat setting stage to lay off employees\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The borrower's bank account and the regulated entity must be used exclusively for all loan disbursals and repayments under the new regulations. No pass-through or pool accounts of the lending service provider\u0026nbsp;or any other party are permitted.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"REs must ensure that they, as well as the LSPs they employ, have a suitable nodal grievance redressal officer to handle FinTech/digital lending-related complaints. Complaints against their respective DLAs must also be handled by such a grievance redressal officer. The contact information for the Grievance Redressal Officer shall be prominently displayed on the RE's website, its LSPs, and DLAs, as applicable.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to current RBI guidelines, if a borrower's complaint is not resolved by the RE within the stipulated period (currently 30 days), he or she may file a complaint with the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Data gathered by DLAs must be needed-based, have transparent audit trails, and be used only with the borrower's express prior consent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Borrowers may be given the choice of accepting or declining consent for the use of specific data, as well as the option to revoke previously granted consent, in addition to the choice of having their data deleted by the DLAs/LSPs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The controlling authority may consider constructing regulations on digital lending based on the recommendations of WGDL with regard to entities authorised to carry out lending pursuant to other statutory\u0026nbsp;provisions but not regulated by RBI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/hootsuite-latest-to-be-hit-by-layoffs-amid-silicon-valleys-recession-fears-722685/\\\\\\\"\u003eHootsuite latest to be hit by layoffs amid Silicon Valley's recession fears\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The WGDL has recommended specific legislative and institutional changes that the \u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003eCentral Government\u003c/a\u003e should take into account in order to stop these entities from engaging in illegal lending that is not authorised by any statute.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Through the use of digital lending, novel approaches to the creation, distribution, and servicing of credit products have gained popularity. However, some worries have also surfaced that, if not addressed, could erode the public's confidence in the ecosystem of online lending. The main issues are unrestrained use of third parties, mis-selling, privacy violations, unfair business practises, charging of astronomical interest rates, and unethical recovery methods.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/firs-against-nupur-sharma-clubbed-and-transferred-heres-what-it-means-722839/\\\\\\\"\u003eFIRs against Nupur Sharma clubbed and transferred: Here’s what it means\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On January 13, 2021, the Reserve Bank established the Working Group on \\\\\\\"Digital Lending, including Lending through Online Platforms and Mobile Apps\\\\\\\" (WGDL). A regulatory framework has been established, taking into account the feedback from a wide range of stakeholders from WGDL, to support the orderly expansion of credit delivery via \u003ca href=\\\\\\\"https://opoyi.com/technology/g7-countries-reach-agreement-on-data-use-and-digital-trade-624310/\\\\\\\"\u003edigital lending\u003c/a\u003e techniques while easing regulatory concerns.\\\"}}]}","relatedPosts":null,"location":{"name":"Mumbai, Maharashtra, India"},"createdBy":{"name":"Saisaranyya Menon","photo":"","username":"Saisaranyya","id":"fVbNC5l00zpX","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Saisaranyya Menon","id":"fVbNC5l00zpX","username":"Saisaranyya","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-10T19:40:01+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India released the first set of regulations for digital lending on Wednesday in an effort to counter the rise in online fraud and illegal activity. The regulatory framework of the Reserve Bank is centered on the digital lending ecosystem that consists of the Regulated Entities (REs) of the RBI and the Lending Service Providers (LSPs) that are employed by them to extend various permitted credit facilitation services. Also Read| Snapchat setting stage to lay off employees,The borrower's bank account and the regulated entity must be used exclusively for all loan disbursals and repayments under the new regulations. No pass-through or pool accounts of the lending service provider or any other party are permitted. REs must ensure that they, as well as the LSPs they employ, have a suitable nodal grievance redressal officer to handle FinTech/digital lending-related complaints. Complaints against their respective DLAs must also be handled by such a grievance redressal officer. The contact information for the Grievance Redressal Officer shall be prominently displayed on the RE's website, its LSPs, and DLAs, as applicable. According to current RBI guidelines, if a borrower's complaint is not resolved by the RE within the stipulated period (currently 30 days), he or she may file a complaint with the Reserve Bank - Integrated Ombudsman Scheme (RB-IOS). Data gathered by DLAs must be needed-based, have transparent audit trails, and be used only with the borrower's express prior consent. Borrowers may be given the choice of accepting or declining consent for the use of specific data, as well as the option to revoke previously granted consent, in addition to the choice of having their data deleted by the DLAs/LSPs. The controlling authority may consider constructing regulations on digital lending based on the recommendations of WGDL with regard to entities authorised to carry out lending pursuant to other statutory provisions but not regulated by RBI. Also Read| Hootsuite latest to be hit by layoffs amid Silicon Valley's recession fears,The WGDL has recommended specific legislative and institutional changes that the Central Government should take into account in order to stop these entities from engaging in illegal lending that is not authorised by any statute. Through the use of digital lending, novel approaches to the creation, distribution, and servicing of credit products have gained popularity. However, some worries have also surfaced that, if not addressed, could erode the public's confidence in the ecosystem of online lending. The main issues are unrestrained use of third parties, mis-selling, privacy violations, unfair business practises, charging of astronomical interest rates, and unethical recovery methods. Also Read| FIRs against Nupur Sharma clubbed and transferred: Here’s what it means,On January 13, 2021, the Reserve Bank established the Working Group on Digital Lending, including Lending through Online Platforms and Mobile Apps (WGDL). A regulatory framework has been established, taking into account the feedback from a wide range of stakeholders from WGDL, to support the orderly expansion of credit delivery via digital lending techniques while easing regulatory concerns.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"19.076","longitude":"72.8777","name":"Mumbai, Maharashtra, India","city":"Mumbai"},"keywords":"the Reserve Bank,The Reserve Bank of India,the Regulated Entities,RBI,the Lending Service Providers,Silicon Valley's,Nupur Sharma,the Working Group,\"Digital Lending","originalPublishedOn":"2022-08-10T18:51:03+05:30"}},{"node":{"id":"enmUzkLN12Yx","slug":"english/week-in-review-fpi-purchasing-easing-commodity-prices-boosts-sensex-nifty","slugV2":"business/week-in-review-fpi-purchasing-easing-commodity-prices-boosts-sensex-nifty-720567/","title":"Week in review: FPI purchasing, easing commodity prices boosts Sensex, Nifty","postType":1,"coverMedia":"/opoyi_Icn9uRYhY.jpg","coverCaption":"China's factory activity fell in July as new virus outbreaks weighed on demand. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-08T08:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Sensex gained 1.42% to close at 58,387.93, in the week ending Friday, July 29, 2022\u003c/li\u003e\n \u003cli\u003eRBI MPC hiked the policy repo rate by 50 bps to 5.40%\u003c/li\u003e\n \u003cli\u003eThe Bank of England (BoE) raised interest rates by 50 bps to 1.75%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659921777614,\\\"strCount\\\":10195,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The major \u003ca href=\\\\\\\"https://opoyi.com/topics/stockmarket/\\\\\\\"\u003eequity indices\u003c/a\u003e extended their winning streak for the third week. The \u003ca href=\\\\\\\"https://opoyi.com/topics/nifty/\\\\\\\"\u003eNifty\u003c/a\u003e finished just below the 17,400 mark. The major indices saw increases in four out of the last five trading days.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors' sentiment was boosted by falling commodity prices, easing supply-side constraints, and some solid purchasing from \u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003eforeign institutional investors (FIIs)\u003c/a\u003e in recent sessions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate-187387/\\\\\\\"\u003eRBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/sensex/\\\\\\\"\u003eSensex\u003c/a\u003e gained 817.68 points, or 1.42%, in the week ending Friday, July 29, 2022, to close at 58,387.93. The Nifty 50 index rose 239.25 points, or 1.39%, to 17,397.50. The BSE Mid-Cap index increased 1.78% to 24,479.05. The BSE Small-Cap index rose 2.03% to 27,605.08.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow equity benchmarks performed on a weekly basis:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-jumps-545-points-nifty-up-182-points-714938/\\\\\\\"\u003e\u003cb\u003eMonday, August 1, 2022\u0026nbsp;\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The equity benchmarks finished around the day's high after posting strong gains. The S\u0026amp;P BSE Sensex increased 545.25 points, or 0.95%, to 58,115.50. The Nifty 50 rose 181.80 points, or 1.06%, to 17,340.05.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/\\\\\\\"\u003eReal GDP growth projection for FY23 retained at 7.2%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-gains-21-points-nifty-up-5-points-716007/\\\\\\\"\u003e\u003cb\u003eTuesday, August 2, 2022\u0026nbsp;\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After a tumultuous day, the domestic equity gauges finished just above the flat line. The S\u0026amp;P BSE Sensex increased 20.86 points, or 0.04%, to 58,136.36. The Nifty 50 gained 5.40 points, or 0.03%, to 17,345.45.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/\\\\\\\"\u003eCPI inflation for FY23 projected at 6.7%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-jumps-214-points-nifty-up-42-points-ahead-of-mpc-meet-716955/\\\\\\\"\u003e\u003cb\u003eWednesday, August 3, 2022\u0026nbsp;\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The benchmark indices recovered intraday losses and closed with slight gains. The S\u0026amp;P BSE Sensex advanced 214.17 points, or 0.37%, to 58,350.53. The Nifty 50 index rose 42.70 points, or 0.25%, to 17,388.15.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eFDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-falls-52-points-nifty-down-6-points-ahead-of-mpc-meet-717834/\\\\\\\"\u003e\u003cb\u003eThursday, August 4, 2022\u0026nbsp;\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P BSE Sensex, the barometer index, fell 51.73 points, or 0.09%, to 58,298.80. The Nifty 50 fell 6.15 points, or 0.04%, to 17,382.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-nifty-end-higher-as-rbi-mpc-hikes-repo-rate-718836/\\\\\\\"\u003eFriday, August 5, 2022\u003c/a\u003e\u0026nbsp;\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P BSE Sensex increased 89.13 points, or 0.15%, to 58,387.93. The Nifty 50 index rose 15.50 points, or 0.9%, to 17,397.50.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat happened in the Global markets:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003e\u003cb\u003eIndia\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The finance ministry said on August 1, that India collected Rs 1,48,995 crore in \u003ca href=\\\\\\\"https://opoyi.com/topics/gst/\\\\\\\"\u003eGoods and Services Tax (GST)\u003c/a\u003e in July, a 28% increase over the same month the previous year. Since the implementation of the GST, this is the second-highest revenue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The July GST collection was 3% higher than in June. Furthermore, India's eight core sectors grew by 12.7% in June, dropping from an upwardly revised 19.3% in May, according to the commerce ministry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In June, output increased in seven of the eight core sectors. However, factory activity in India grew at its fastest rate in eight months in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Manufacturing Purchasing Managers' Index (PMI), compiled by S\u0026amp;P Global, jumped to 56.4 in July from June's 53.9, remaining above the 50-level separating growth from contraction for a thirteenth month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P Global India Services PMI Business Activity Index, which is seasonally adjusted, increased from 59.2 in June to 55.5 in July, marking the highest mark in more than 11 years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P Global India Composite PMI Output Index decreased to 56.6 in July from 58.2 in June, the slowest growth since March.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to official figures released on Tuesday, India's exports fell 0.76% to $35.24 billion in July, while the trade deficit tripled to $31.02 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In July, imports increased to $66.26 billion from $46.15 billion in the same month the previous year. From April-July 2022-23, the trade deficit was $100.01 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e's \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e voted unanimously on Friday to \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003ehike the policy repo rate by 50 basis points to 5.40%\u003c/a\u003e based on an assessment of the existing and emerging macroeconomic situation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result, the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-adjusted-standing-deposit-facility-sdf-rate-to-515-718558/\\\\\\\"\u003estanding deposit facility (SDF)\u003c/a\u003e rate has been adjusted to 5.15%, while the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-revises-marginal-standing-facility-msf-rate-to-565-718564/\\\\\\\"\u003emarginal standing facility (MSF)\u003c/a\u003e rate and the Bank Rate have been adjusted to 5.65%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In its policy statement on Friday, the MPC retained its 7.2% real GDP growth forecast for the current fiscal year 2022-23, as well as the quarterly growth forecast numbers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The committee also maintained its retail inflation forecast for the current fiscal year at 6.7%, up from 5.7% in the last monetary policy review in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003e\u003cb\u003eChina\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e's factory activity fell in July as the virus outbreak weighed on demand. The official manufacturing purchasing managers' Index (PMI) fell to 49.0 in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The official non-manufacturing PMI dipped to 53.8 in July from 54.7 in June. The official composite PMI, which covers manufacturing and services, dropped from 54.1 to 52.5.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A private-sector poll released on Wednesday revealed that China's services activity rose in July at the sharpest rate in 15 months as relaxed \u003ca href=\\\\\\\"https://opoyi.com/topics/covid/\\\\\\\"\u003eCOVID\u003c/a\u003e regulations increased consumer confidence.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Caixin Services Purchasing Managers' Index in \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e rose to 55.5 in July from 54.5 in June. It's also the highest level since April 20, 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence, Indian economy is island of stability: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/unitedkingdom/\\\\\\\"\u003e\u003cb\u003eUnited Kingdom\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In order to battle runaway inflation, the Bank of England (BoE) raised interest rates by 50 basis points to 1.75%. The move was largely anticipated by economists and financial markets, and it comes amid rising pressure to accelerate interest rate increases.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bank of England hiked interest rates by the highest in 27 years, despite warnings of a prolonged \u003ca href=\\\\\\\"https://opoyi.com/topics/recession/\\\\\\\"\u003erecession\u003c/a\u003e, as it hastened to contain a spike in \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e that is now expected to surpass 13%. Responding to an increase in energy costs caused by Russia's invasion of \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e, the Bank of England's Monetary Policy Committee voted 8-1 to raise the Bank Rate from 1.25% to 1.75%, its highest level since late 2008.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC now forecasts that the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedkingdom/\\\\\\\"\u003eUnited Kingdom\u003c/a\u003e will enter a five-quarter recession in 2022 and 2023, as real household post-tax income falls steeply in 2022 and 2023 and consumption begins to drop.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003e\u003cb\u003eUnited States\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The services industry in the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003eUnited States\u003c/a\u003e unexpectedly stepped up in July, with new orders increasing steadily. The ISM's non-manufacturing PMI increased to 56.7 in July from 55.3 in June, reversing a three-month dip.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"WeekInReview","slug":"weekinreview","id":"xhYRg6SQMNHj","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"UnitedKingdom","slug":"unitedkingdom","id":"ZT6urOP4Pu5S","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Covid","slug":"covid","id":"jtkufHpdTfkm","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Health","slug":"health","id":"2pSwu97y4loa","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-08T08:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The major equity indices extended their winning streak for the third week. The Nifty finished just below the 17,400 mark. The major indices saw increases in four out of the last five trading days. Investors' sentiment was boosted by falling commodity prices, easing supply-side constraints, and some solid purchasing from foreign institutional investors (FIIs) in recent sessions. Also Read| RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,The Sensex gained 817.68 points, or 1.42%, in the week ending Friday, July 29, 2022, to close at 58,387.93. The Nifty 50 index rose 239.25 points, or 1.39%, to 17,397.50. The BSE Mid-Cap index increased 1.78% to 24,479.05. The BSE Small-Cap index rose 2.03% to 27,605.08. Also Read| RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,How equity benchmarks performed on a weekly basis:,Monday, August 1, 2022 ,The equity benchmarks finished around the day's high after posting strong gains. The S\u0026P BSE Sensex increased 545.25 points, or 0.95%, to 58,115.50. The Nifty 50 rose 181.80 points, or 1.06%, to 17,340.05. Also Read| Real GDP growth projection for FY23 retained at 7.2%: RBI governor,Tuesday, August 2, 2022 ,After a tumultuous day, the domestic equity gauges finished just above the flat line. The S\u0026P BSE Sensex increased 20.86 points, or 0.04%, to 58,136.36. The Nifty 50 gained 5.40 points, or 0.03%, to 17,345.45. Also Read| CPI inflation for FY23 projected at 6.7%: RBI governor,Wednesday, August 3, 2022 ,The benchmark indices recovered intraday losses and closed with slight gains. The S\u0026P BSE Sensex advanced 214.17 points, or 0.37%, to 58,350.53. The Nifty 50 index rose 42.70 points, or 0.25%, to 17,388.15. ,Also Read| FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,Thursday, August 4, 2022 ,The S\u0026P BSE Sensex, the barometer index, fell 51.73 points, or 0.09%, to 58,298.80. The Nifty 50 fell 6.15 points, or 0.04%, to 17,382. Also Read| Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,Friday, August 5, 2022 ,The S\u0026P BSE Sensex increased 89.13 points, or 0.15%, to 58,387.93. The Nifty 50 index rose 15.50 points, or 0.9%, to 17,397.50. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,What happened in the Global markets:,India,The finance ministry said on August 1, that India collected Rs 1,48,995 crore in Goods and Services Tax (GST) in July, a 28% increase over the same month the previous year. Since the implementation of the GST, this is the second-highest revenue. The July GST collection was 3% higher than in June. Furthermore, India's eight core sectors grew by 12.7% in June, dropping from an upwardly revised 19.3% in May, according to the commerce ministry. Also Read| 50 bps rate hike has become new normal for Central Banks: RBI Governor,In June, output increased in seven of the eight core sectors. However, factory activity in India grew at its fastest rate in eight months in July. The Manufacturing Purchasing Managers' Index (PMI), compiled by S\u0026P Global, jumped to 56.4 in July from June's 53.9, remaining above the 50-level separating growth from contraction for a thirteenth month. The S\u0026P Global India Services PMI Business Activity Index, which is seasonally adjusted, increased from 59.2 in June to 55.5 in July, marking the highest mark in more than 11 years. Also Read| RBI monetary policy committee meet: Key highlights,The S\u0026P Global India Composite PMI Output Index decreased to 56.6 in July from 58.2 in June, the slowest growth since March. According to official figures released on Tuesday, India's exports fell 0.76% to $35.24 billion in July, while the trade deficit tripled to $31.02 billion. In July, imports increased to $66.26 billion from $46.15 billion in the same month the previous year. From April-July 2022-23, the trade deficit was $100.01 billion. The RBI's Monetary Policy Committee (MPC) voted unanimously on Friday to hike the policy repo rate by 50 basis points to 5.40% based on an assessment of the existing and emerging macroeconomic situation. Also Read| Explained: Impact of RBI's repo rate hike on deposits, loans,As a result, the standing deposit facility (SDF) rate has been adjusted to 5.15%, while the marginal standing facility (MSF) rate and the Bank Rate have been adjusted to 5.65%. In its policy statement on Friday, the MPC retained its 7.2% real GDP growth forecast for the current fiscal year 2022-23, as well as the quarterly growth forecast numbers. The committee also maintained its retail inflation forecast for the current fiscal year at 6.7%, up from 5.7% in the last monetary policy review in June. Also Read| Explained: Changes in repo rates and their impact on stock market,China,China's factory activity fell in July as the virus outbreak weighed on demand. The official manufacturing purchasing managers' Index (PMI) fell to 49.0 in July. The official non-manufacturing PMI dipped to 53.8 in July from 54.7 in June. The official composite PMI, which covers manufacturing and services, dropped from 54.1 to 52.5. ,A private-sector poll released on Wednesday revealed that China's services activity rose in July at the sharpest rate in 15 months as relaxed COVID regulations increased consumer confidence. The Caixin Services Purchasing Managers' Index in China rose to 55.5 in July from 54.5 in June. It's also the highest level since April 20, 2021. Also Read| In times of turbulence, Indian economy is island of stability: RBI Governor,United Kingdom,In order to battle runaway inflation, the Bank of England (BoE) raised interest rates by 50 basis points to 1.75%. The move was largely anticipated by economists and financial markets, and it comes amid rising pressure to accelerate interest rate increases. The Bank of England hiked interest rates by the highest in 27 years, despite warnings of a prolonged recession, as it hastened to contain a spike in inflation that is now expected to surpass 13%. Responding to an increase in energy costs caused by Russia's invasion of Ukraine, the Bank of England's Monetary Policy Committee voted 8-1 to raise the Bank Rate from 1.25% to 1.75%, its highest level since late 2008. The MPC now forecasts that the United Kingdom will enter a five-quarter recession in 2022 and 2023, as real household post-tax income falls steeply in 2022 and 2023 and consumption begins to drop. ,Also Read| Why interest rates are being hiked globally?,United States,The services industry in the United States unexpectedly stepped up in July, with new orders increasing steadily. The ISM's non-manufacturing PMI increased to 56.7 in July from 55.3 in June, reversing a three-month dip.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The S BSE Sensex,India,China,PMI,The Nifty 50,Monetary Policy Committee,the Bank Rate,MPC,The BSE Small-Cap,the commerce ministry,The Manufacturing Purchasing Managers',S Global,The S Global,RBI,COVID","originalPublishedOn":"2022-08-08T08:00:00+05:30"}},{"node":{"id":"rOeKY7GF0OmL","slug":"english/explained-functioning-of-rbis-monetary-policy-committee","slugV2":"business/explained-functioning-of-rbis-monetary-policy-committee-716546/","title":"Explained: Functioning of RBI’s Monetary Policy Committee","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"Monetary policy's key aim is to ensure price stability while still pursuing growth (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T21:02:13+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe MPC must meet at least four times each year\u003c/li\u003e\n \u003cli\u003eThe MPC meeting requires a quorum of four members\u003c/li\u003e\n \u003cli\u003eEach MPC member has one vote, and in the event of a tie, the Governor has a second vote\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659713529562,\\\"strCount\\\":4325,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Governor of Reserve Bank of India (RBI) \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday announced that the Monetary Policy Committee (MPC) voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The MPC is a committee formed by the Central Government and led by the Governor of RBI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy committee\u003c/a\u003e\u0026nbsp;is responsible for determining the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level. The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e\u0026nbsp;serves as a standard for all other interest rates in the system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Initially, the key decisions related to interest rates were taken by the Governor of RBI alone before the establishment of the committee. MPC was constituted under the Reserve Bank of India Act, 1934 as an initiative to bring more transparency and accountability in fixing the Monetary Policy of India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike-716704/\\\\\\\"\u003eRBI MPC meet begins today; analysts expect 50 bps interest rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Three of the group's six members are external. They serve a four-year term. One of the three internal members is the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor, who serves as the committee's chair. The second internal representative is the deputy governor of the RBI who is in charge of \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003emonetary policy\u003c/a\u003e. One RBI official, chosen by the central board of RBI, serves as the third member. In most cases, the third member is the executive director in charge of monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the amended RBI Act, the MPC must meet at least four times each year. The MPC meeting requires a quorum of four members. Each MPC member has one vote, and in the event of a tie, the Governor has a second or casting vote.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings-306488/\\\\\\\"\u003eRBI MPC meet: Here's an overview of the last 8 meetings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The minutes of the MPC meetings, which contain the resolution voted by the MPC, the vote of each member on the resolution, and the comment of each member on the resolution passed, are published on the 14th day. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI is obligated to issue a paper called the Monetary Policy Report once every six months to outline the sources of inflation and the inflation prediction for the next 6-18 months. Monetary policy's key aim is to ensure price stability while still pursuing growth. A key prerequisite for sustainable growth is price stability.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) Act, 1934 was amended in May 2016 to provide a legal foundation for the execution of the flexible inflation targeting framework. The revised RBI Act also requires the Government of India, in conjunction with the Reserve Bank, to determine the inflation objective once every five years.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result, the central government declared 4% \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e inflation as the objective for the period August 5, 2016, to March 31, 2021, with an upper tolerance limit of 6% and a lower tolerance limit of 2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central government on March 31, 2021, maintained the inflation target and tolerance zone for the next five years, from April 1, 2021, to March 31, 2026.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIGovernor","slug":"rbigovernor","id":"fbOGTq2WSmtE","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T21:00:27+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Governor of Reserve Bank of India (RBI) Shaktikanta Das on Friday announced that the Monetary Policy Committee (MPC) voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The MPC is a committee formed by the Central Government and led by the Governor of RBI. The monetary policy committee is responsible for determining the benchmark policy interest rate (repo rate) to restrain inflation within the particular target level. The repo rate serves as a standard for all other interest rates in the system. Initially, the key decisions related to interest rates were taken by the Governor of RBI alone before the establishment of the committee. MPC was constituted under the Reserve Bank of India Act, 1934 as an initiative to bring more transparency and accountability in fixing the Monetary Policy of India. Also Read| RBI MPC meet begins today; analysts expect 50 bps interest rate hike,Three of the group's six members are external. They serve a four-year term. One of the three internal members is the RBI Governor, who serves as the committee's chair. The second internal representative is the deputy governor of the RBI who is in charge of monetary policy. One RBI official, chosen by the central board of RBI, serves as the third member. In most cases, the third member is the executive director in charge of monetary policy. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,According to the amended RBI Act, the MPC must meet at least four times each year. The MPC meeting requires a quorum of four members. Each MPC member has one vote, and in the event of a tie, the Governor has a second or casting vote. Also Read | RBI MPC meet: Here's an overview of the last 8 meetings,The minutes of the MPC meetings, which contain the resolution voted by the MPC, the vote of each member on the resolution, and the comment of each member on the resolution passed, are published on the 14th day. ,The RBI is obligated to issue a paper called the Monetary Policy Report once every six months to outline the sources of inflation and the inflation prediction for the next 6-18 months. Monetary policy's key aim is to ensure price stability while still pursuing growth. A key prerequisite for sustainable growth is price stability. Also Read | Why RBI would be pushed to hike interest rates,The Reserve Bank of India (RBI) Act, 1934 was amended in May 2016 to provide a legal foundation for the execution of the flexible inflation targeting framework. The revised RBI Act also requires the Government of India, in conjunction with the Reserve Bank, to determine the inflation objective once every five years. Also Read | RBI expected to hike interest rate by 35-50 bps,As a result, the central government declared 4% Consumer Price Index (CPI) inflation as the objective for the period August 5, 2016, to March 31, 2021, with an upper tolerance limit of 6% and a lower tolerance limit of 2%. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,The central government on March 31, 2021, maintained the inflation target and tolerance zone for the next five years, from April 1, 2021, to March 31, 2026.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"MPC,RBI,RBI Act,India,the Reserve Bank,RBI monetary policy, RBI MPC, RBI Monetary policy committee,Reserve Bank of India,Monetary policy report","originalPublishedOn":"2022-08-03T15:30:00+05:30"}},{"node":{"id":"hD8O4r6jkpFS","slug":"english/how-inflation-affects-rbis-interest-rate-policy","slugV2":"business/how-inflation-affects-rbis-interest-rate-policy-329823/","title":"How inflation affects RBI’s interest rate policy","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"Interest rates will be raised later this year if concerns persist and there are no major shocks to the economy. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 2.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-08-05T17:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe June CPI inflation rate was 7.01%\u003c/li\u003e\n \u003cli\u003eHigher interest rates increase the cost of borrowing, reducing both consumption and investment\u003c/li\u003e\n \u003cli\u003eInflation that remains consistently high is quite concerning\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":2,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659695313007,\\\"strCount\\\":3727,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Over the last few months, \u003ca href=\\\\\\\"https://opoyi.com/topic/inflation\\\\\\\"\u003einflation\u003c/a\u003e has been a serious concern. The June \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eCPI\u003c/a\u003e inflation rate was 7.01%, the sixth consecutive month that the CPI data has breached the \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India's (RBI)\u003c/a\u003e upper margin of 6%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The fundamental indicator for monetary policy used by the majority of central banks is the country's rate of inflation. When prices increase faster than expected, central banks tighten monetary policy by raising interest rates or implementing other hawkish policies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-why-has-rbi-shifted-to-a-less-accommodative-policy\\\\\\\"\u003eExplained: Why has RBI shifted to a ‘less accommodative’ policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Higher interest rates increase the cost of borrowing, reducing both consumption and investment, both of which rely largely on credit. Similarly, if inflation and economic output decrease, the central bank will cut interest rates and make borrowing more affordable, among other feasible expansionary policy instruments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/united-kingdoms-inflation-rate-rises-at-highest-pace-in-three-decades\\\\\\\"\u003eUnited Kingdom's inflation rate rises at highest pace in three decades\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation targeting sees the central bank's core objective as ensuring price stability. A general approach to inflation targeting can make use of all of the monetary policy tools that a central bank has, such as open market operations and discount lending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/chinas-q1-gdp-grows-48-year-on-year-beating-expectations\\\\\\\"\u003eChina's Q1 GDP grows 4.8% year on year, beating expectations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rate changes have an influence on an economy's borrowing, saving, and spending patterns. When interest rates rise, for example, savers can earn more on-demand deposit accounts and are more likely to postpone current expenditure in favour of future consumption. Borrowing money, on the other hand, is more expensive, which discourages lending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-indias-new-crypto-tax-impacts-investors\\\\\\\"\u003eHow India's new crypto tax impacts investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rate of inflation later this year will be critical. Interest rates will be raised if concerns persist and there are no major shocks to the economy.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates\\\\\\\"\u003eRBI keeps lending rates unchanged: What are repo and reverse repo rates?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation that remains consistently high is quite concerning in an economy since it disproportionately affects low-income individuals.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/sugar-stocks-rush-why-indian-investors-are-high-on-ethanol\\\\\\\"\u003eSugar stocks rush: Why Indian investors are high on ethanol\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In other words, rising inflation robs the poor of the benefits of economic recovery. As a result, policymakers can no longer ignore persistently rising prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/why-crypto-donations-are-skyrocketing-worldwide-explained\\\\\\\"\u003eWhy crypto donations are skyrocketing worldwide: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To summarise, the RBI is currently up against rising inflation.\u0026nbsp; That indicates the period of ultra-accommodative monetary policy is finished, and more rate hikes are on the way. The only question is when and how it will happen.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"CPI","slug":"cpi","id":"PGyZ0vgnVF4L","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"barclays","slug":"barclays","id":"aFml5jUIYuwc","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T17:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Over the last few months, inflation has been a serious concern. The June CPI inflation rate was 7.01%, the sixth consecutive month that the CPI data has breached the Reserve Bank of India's (RBI) upper margin of 6%. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The fundamental indicator for monetary policy used by the majority of central banks is the country's rate of inflation. When prices increase faster than expected, central banks tighten monetary policy by raising interest rates or implementing other hawkish policies. Also Read| Explained: Why has RBI shifted to a ‘less accommodative’ policy,Higher interest rates increase the cost of borrowing, reducing both consumption and investment, both of which rely largely on credit. Similarly, if inflation and economic output decrease, the central bank will cut interest rates and make borrowing more affordable, among other feasible expansionary policy instruments. Also Read| United Kingdom's inflation rate rises at highest pace in three decades,Inflation targeting sees the central bank's core objective as ensuring price stability. A general approach to inflation targeting can make use of all of the monetary policy tools that a central bank has, such as open market operations and discount lending. Also Read| China's Q1 GDP grows 4.8% year on year, beating expectations,Interest rate changes have an influence on an economy's borrowing, saving, and spending patterns. When interest rates rise, for example, savers can earn more on-demand deposit accounts and are more likely to postpone current expenditure in favour of future consumption. Borrowing money, on the other hand, is more expensive, which discourages lending. Also Read| How India's new crypto tax impacts investors,The rate of inflation later this year will be critical. Interest rates will be raised if concerns persist and there are no major shocks to the economy. ,Also Read| RBI keeps lending rates unchanged: What are repo and reverse repo rates?,Inflation that remains consistently high is quite concerning in an economy since it disproportionately affects low-income individuals. ,Also Read| Sugar stocks rush: Why Indian investors are high on ethanol,In other words, rising inflation robs the poor of the benefits of economic recovery. As a result, policymakers can no longer ignore persistently rising prices. Also Read| Why crypto donations are skyrocketing worldwide: Explained,To summarise, the RBI is currently up against rising inflation. That indicates the period of ultra-accommodative monetary policy is finished, and more rate hikes are on the way. The only question is when and how it will happen.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,The Reserve Bank of India,MPC,Barclays,Shaktikanta Das","originalPublishedOn":"2022-04-19T14:00:14+05:30"}},{"node":{"id":"9eCvsmb6P3JB","slug":"english/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate","slugV2":"business/rbi-mpc-meet-home-loan-emis-to-get-costly-as-central-bank-hikes-repo-rate-187387/","title":"RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T16:30:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI raised the policy repo rate by 50 basis points\u003c/li\u003e\n \u003cli\u003eThe cost of financing for banks rises, when the repo rate rises\u003c/li\u003e\n \u003cli\u003eThe RBI repo rate rise has an immediate impact on retail loans like home loans\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659695176086,\\\"strCount\\\":3520,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e\u0026nbsp;(RBI) Governor\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e\u0026nbsp;on Friday announced that the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e\u0026nbsp;voted unanimously to hike the benchmark\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% with immediate effect.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp; \u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI had raised the policy repo rate by 50 basis points, during its June MPC meeting. Previously, the Monetary Policy Committee (MPC) convened its first meeting for the fiscal year 2022-23 in April 2022 and kept the policy repo rate at 4%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, in May 2022, the RBI surprised market participants by raising the policy rate from 4% to 4.4% after announcing a 0.4% hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the repo rate rises, the cost of financing for banks rises. This is due to the repo rate, which is the interest rate at which banks borrow money from the RBI. As a result, once the RBI raises the repo rate, the borrowing costs for retail and other borrowers rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/\\\\\\\"\u003eReal GDP growth projection for FY23 retained at 7.2%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many banks have already raised their lending rates, both for new and current customers, since the previous hike in May. Many NBFCs and housing financing providers have also raised their lending rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e rise has an immediate impact on retail loans like home loans, which are tied to the bank's external benchmark. Because most banks have tied their lending rates to the RBI repo rate, the impact on borrowers is immediate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the repo rate rises, so do the bank's repo rate linked lending rate (RLLR). This indicates that the borrower's home loan interest rate will rise. In fact, banks usually raise the loan duration rather than increase the EMI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In contrast, MCLR loan customers may not notice the immediate impact of a repo rate increase. Even if the increase in the RBI repo rate raises the cost of funds for banks, they may only adjust the EMI or Tenure when the re-set date occurs. The re-set date of MCLR linked loans is typically 12 months, while some banks may set it at 6-month intervals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rupee-treasury-yields-rise-after-rbi-raises-key-policy-rate-by-50-bps-718708/\\\\\\\"\u003eRupee, treasury yields rise after RBI raises key policy rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In general, the interest rate on a flexible home loan will fluctuate. The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T16:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,The RBI had raised the policy repo rate by 50 basis points, during its June MPC meeting. Previously, the Monetary Policy Committee (MPC) convened its first meeting for the fiscal year 2022-23 in April 2022 and kept the policy repo rate at 4%. Also Read | Why interest rates are being hiked globally?,However, in May 2022, the RBI surprised market participants by raising the policy rate from 4% to 4.4% after announcing a 0.4% hike. When the repo rate rises, the cost of financing for banks rises. This is due to the repo rate, which is the interest rate at which banks borrow money from the RBI. As a result, once the RBI raises the repo rate, the borrowing costs for retail and other borrowers rise. Also Read | Real GDP growth projection for FY23 retained at 7.2%: RBI governor,Many banks have already raised their lending rates, both for new and current customers, since the previous hike in May. Many NBFCs and housing financing providers have also raised their lending rates. Also Read | RBI monetary policy committee meet: Key highlights,The RBI repo rate rise has an immediate impact on retail loans like home loans, which are tied to the bank's external benchmark. Because most banks have tied their lending rates to the RBI repo rate, the impact on borrowers is immediate. When the repo rate rises, so do the bank's repo rate linked lending rate (RLLR). This indicates that the borrower's home loan interest rate will rise. In fact, banks usually raise the loan duration rather than increase the EMI. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,In contrast, MCLR loan customers may not notice the immediate impact of a repo rate increase. Even if the increase in the RBI repo rate raises the cost of funds for banks, they may only adjust the EMI or Tenure when the re-set date occurs. The re-set date of MCLR linked loans is typically 12 months, while some banks may set it at 6-month intervals. Also Read | Rupee, treasury yields rise after RBI raises key policy rate by 50 bps,In general, the interest rate on a flexible home loan will fluctuate. The only approach to reduce home loan EMI or interest load is to keep repaying the outstanding loan amount.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MCLR,The Reserve Bank of India,the Monetary Policy Committee,EMI","originalPublishedOn":"2022-06-08T11:59:41+05:30"}},{"node":{"id":"9vm5sOIDSFQB","slug":"english/why-interest-rates-are-being-hiked-globally","slugV2":"business/why-interest-rates-are-being-hiked-globally-192693/","title":"Why interest rates are being hiked globally?","postType":1,"coverMedia":"/opoyi_qsoiA5rex.jpg","coverCaption":"Australia’s central bank raised its cash rate by large 50 bps to 1.85% (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T15:20:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI increased its repo rate on August 5 by 50 bps to 5.4\u003c/li\u003e\n \u003cli\u003eUS Federal Reserve hiked its benchmark interest rate by 0.75%\u003c/li\u003e\n \u003cli\u003eInterest rates are increased to control rising inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685825445,\\\"strCount\\\":5153,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Amid \u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003esoaring inflationary\u003c/a\u003e pressures and uncertain\\\\ngeopolitical crises, central banks or monetary authorities from several\\\\ncountries have raised benchmark interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s central bank \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI)\u0026nbsp;\\\\n\\\\nhiked the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% on Friday.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003eRBI increased its repo rate\u003c/a\u003e on June 8 by 50 bps to\\\\n4.90%. The RBI Governor said that the MPC agreed unanimously to keep the focus\\\\non the withdrawal of accommodation in order to keep inflation within target in\\\\nthe future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last month, the \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eUS Federal Reserve hiked\u003c/a\u003e its benchmark\\\\ninterest rate by 0.75%, the biggest jump in three decades, to stem a surge in\\\\ninflation and flagged a slowing economy. The unusually large interest rate rise\\\\nwas approved unanimously by central bankers, and the policy-making Federal Open\\\\nMarket Committee suggested in its post-meeting statement that more is on the\\\\nway, adding that it \\\\\\\"anticipates that ongoing increases in the target\\\\nrange will be appropriate\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings-306488/\\\\\\\"\u003eRBI monetary policy committee meet: An overview\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Along with the US Fed, Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window\\\\nby 75 basis points to 2.75%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On August 2, Australia’s central bank raised its cash rate\\\\nby large 50 bps to 1.85%, marking an eye-watering 1.75 percentage point of\\\\nhikes since May in the most drastic tightening since the early 1990s. However,\\\\nthe Reserve Bank of Australia (RBA) tempered guidance on further hikes as it\\\\nforecast faster inflation but also a slowdown in the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eExplained: Functioning of RBI’s Monetary Policy Committee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat does a hike in interest rate mean?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/with-elections-nearing-australia-sees-first-interest-rate-hike-in-11-years\\\\\\\"\u003eWith elections near, Australia sees first interest rate hike in 11 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eIndia does not have problems like Sri Lanka, Pakistan: Raghuram Rajan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An increase in CRR also makes the loans a costly affair.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy are interest rates increased?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"SaudiArabia","slug":"saudiarabia","id":"kD3hYpeDW8F6","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"Australia","slug":"australia","id":"GHNRwuPQRAbw","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"UK","slug":"uk","id":"rBpj9Yi57Sni","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T15:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Amid soaring inflationary pressures and uncertain geopolitical crises, central banks or monetary authorities from several countries have raised benchmark interest rates. India’s central bank Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) to 5.4% on Friday. ,The RBI increased its repo rate on June 8 by 50 bps to 4.90%. The RBI Governor said that the MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep inflation within target in the future. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,Last month, the US Federal Reserve hiked its benchmark interest rate by 0.75%, the biggest jump in three decades, to stem a surge in inflation and flagged a slowing economy. The unusually large interest rate rise was approved unanimously by central bankers, and the policy-making Federal Open Market Committee suggested in its post-meeting statement that more is on the way, adding that it anticipates that ongoing increases in the target range will be appropriate. Also Read | RBI monetary policy committee meet: An overview,Along with the US Fed, Hong Kong Monetary Authority (HKMA) raised its base rate charged through the overnight discount window by 75 basis points to 2.75%. On August 2, Australia’s central bank raised its cash rate by large 50 bps to 1.85%, marking an eye-watering 1.75 percentage point of hikes since May in the most drastic tightening since the early 1990s. However, the Reserve Bank of Australia (RBA) tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy. Also Read | Explained: Functioning of RBI’s Monetary Policy Committee,What does a hike in interest rate mean?,The hike in interest rates, which the banks will pick up and eventually pass on to customers means that loan rates will increase. Interest rates on home, personal, car and gold loans will increase following the increase in benchmark rates. Also Read | With elections near, Australia sees first interest rate hike in 11 years,RBI’s repo rate is the rate at which commercial banks borrow money from the central bank to maintain liquidity. It is one of the primary measures to control inflation. ,A higher repo rate leads to a higher cost of borrowing. If inflation levels are high, which it is currently, the RBI hikes the repo rate to make borrowing expensive which will affect businesses and industries and slow down investment. This will hurt economic growth but help control inflation. Also Read | India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan,An increase in CRR also makes the loans a costly affair. According to SBI Ecowrap, the increase in repo rate and CRR Would increase the marginal cost of funds-based lending rate (MCLR) marginally. If banks increase deposit rates, then the cost of funds (CoF) will also increase, which will push MCLR as well. Also Read | RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,Why are interest rates increased?,Interest rates are increased to control rising inflation, which is currently at all-time high levels as supply chains are disrupted due to the Russia-Ukraine war. High key rates make borrowing a costly affair which will limit the money supply for the purchase of riskier assets. High rates slow down consumer and business spending, especially on expensive items, such as properties and other luxury goods. It reverses the wealth effect and also makes banks more careful about lending. Also Read | RBI monetary policy committee meet: Key highlights,Interest rates and inflation move in a similar direction. If inflation is rising, interest rates are increased. But economic slowdown lowers the inflation rate and may encourage rate cuts to revive growth.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,the US Fed,Australia,UK,India,The US Federal Reserve,Fed,Ukraine,China,Saudi Arabia,Hong Kong,the United Kingdom,The Saudi Central Bank,Reserve bank of Australia, RBA, CBUAE, Interest rate hike,Inflation,Interest rate hike,world economy","originalPublishedOn":"2022-05-05T22:37:00+05:30"}},{"node":{"id":"P9boB5aQXOXb","slug":"english/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor","slugV2":"business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/","title":"In times of turbulence, Indian economy is island of stability: RBI Governor","postType":1,"coverMedia":"/opoyi_aGVqMcBvr.jpg","coverCaption":"MPC has retained the Consumer Price Index (CPI) Inflation projection for FY23 at 6.7% (Photo credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T15:05:33+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eIndian economy is an island of growth and macroeconomic stability, said RBI Governor\u003c/li\u003e\n \u003cli\u003eHe further said that 50 bps has become a new normal\u003c/li\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659692134152,\\\"strCount\\\":3004,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e said in a post-\u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy\u003c/a\u003e press conference that the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e economy is an island of growth and macroeconomic stability. There are signs that the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eCPI\u003c/a\u003e has peaked, and it is expected to moderate in Q4FY23 \u0026amp; Q1FY24.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Addressing the media, RBI Governor Shaktikatna Das said that inflation still remains at uncomfortably high levels and there are some uncertainties or outlook to inflation. The RBI is bringing down excess liquidity in the system and the CAD is expected to remain within manageable limits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He further said that 50 bps has become a new normal and the focus will remain on a soft landing of the economy\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor on Friday announced that the \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect.\u0026nbsp; The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp;\\\\n\\\\nThe RBI Policy stance is retained at\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eWithdrawal of Accommodation\u003c/a\u003e. The repo rate is back to the pre-pandemic levels, highest since August 2019. \u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC has retained the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eIndia does not have problems like Sri Lanka, Pakistan: Raghuram Rajan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said Das.\u0026nbsp;\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T15:05:31+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India Governor Shaktikanta Das said in a post-monetary policy press conference that the Indian economy is an island of growth and macroeconomic stability. There are signs that the CPI has peaked, and it is expected to moderate in Q4FY23 \u0026 Q1FY24. Addressing the media, RBI Governor Shaktikatna Das said that inflation still remains at uncomfortably high levels and there are some uncertainties or outlook to inflation. The RBI is bringing down excess liquidity in the system and the CAD is expected to remain within manageable limits. Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,He further said that 50 bps has become a new normal and the focus will remain on a soft landing of the economy,The RBI Governor on Friday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. The RBI Policy stance is retained at Withdrawal of Accommodation. The repo rate is back to the pre-pandemic levels, highest since August 2019. ,The MPC has retained the Consumer Price Index (CPI) Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%. ,Also Read | India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan,The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das. Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said Das.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,The Reserve Bank of India,Indian,Shaktikatna Das,RBI,CAD,the Monetary Policy Committee,The Standing Deposit Facility,SDF,The Marginal Standing Facility,MPC,RBI press conference, RBI MPC press conference, RBI Governor Press conference,Shakt","originalPublishedOn":"2022-08-05T12:22:34+05:30"}},{"node":{"id":"skjobPHlQGqO","slug":"english/rupee-treasury-yields-rise-after-rbi-raises-key-policy-rate-by-50-bps","slugV2":"business/rupee-treasury-yields-rise-after-rbi-raises-key-policy-rate-by-50-bps-718708/","title":"Rupee, treasury yields rise after RBI raises key policy rate by 50 bps","postType":1,"coverMedia":"/opoyi_n52vgAdEg.jpg","coverCaption":"Rupee reached an intraday high of 78.98 immediately after the RBI's rate decision (Photo Credit: Representational/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T14:46:06+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI MPC raised the repo rate by 50 bps to 5.40%\u003c/li\u003e\n \u003cli\u003eThe RBI MPC retained its GDP growth projection for FY23 at 7.2%\u003c/li\u003e\n \u003cli\u003eIndia's 10-year benchmark bond yield rose to 7.25% after the policy decisionIndia's 10-year benchmark bond yield rose to 7.25% after the policy decision\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659690963010,\\\"strCount\\\":3050,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e rupee and bond yields firmed after the Reserve\\\\nBank of India (RBI) hiked its \u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003ekey policy rate\u003c/a\u003e for the third time. Indian shares\\\\nalso rose as rate-sensitive banking stocks climbed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI’s \u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e (MPC) raised the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo\\\\nrate\u003c/a\u003e by 50 basis points (bps) to 5.40%. as the central bank tries to control\\\\npersistently high inflation. \\\\\\\"With inflation expected to remain above the\\\\nupper tolerance threshold in Q2 and Q3 of the current financial year, the MPC\\\\nstressed that sustained high inflation could de-stabilize inflation\\\\nexpectations and harm growth in the medium term,\\\\\\\" \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta\\\\nDas\u003c/a\u003e said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI MPC retained its GDP growth projection for FY23 at\\\\n7.2%, and its inflation forecast was also unchanged at 6.7%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s annual \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index\u003c/a\u003e (CPI) inflation\\\\nremained above the 7% mark in June and beyond the RBI’s upper tolerance level\\\\nof 6% for the sixth month in a row.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India's 10-year benchmark bond yield rose to 7.25% after\\\\nthe policy decision. The rupee was trading at 79.24, up from 79.4650 on\\\\nThursday. The local unit reached an intraday high of 78.98 immediately after\\\\nthe RBI's rate decision.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We expect the pace and quantum of rate hikes to moderate\\\\ngoing forward, led by falling commodity prices, global growth concerns, and\\\\neasing global supply constraints. In our view, the bond yields, especially in\\\\nthe 3-5 year segment, discount a large part of the expected rate hikes,” said\\\\nArun Kumar, Head of Research, FundsIndia\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee depreciated by 4.7% against the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e dollar this\\\\nfinancial year till August 4. “The depreciation of the Indian rupee is more on\\\\naccount of the appreciation of the US dollar rather than weakness in\\\\nmacroeconomic fundamentals of the Indian economy. Market interventions by the\\\\nRBI have helped in containing volatility and ensuring the orderly movement of\\\\nthe rupee. We remain watchful and focused on maintaining the stability of the\\\\nIndian rupee,” said Das.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"rupees","slug":"rupees","id":"vWXJN3VBs9Ut","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T14:46:02+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Indian rupee and bond yields firmed after the Reserve Bank of India (RBI) hiked its key policy rate for the third time. Indian shares also rose as rate-sensitive banking stocks climbed. The RBI’s Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40%. as the central bank tries to control persistently high inflation. With inflation expected to remain above the upper tolerance threshold in Q2 and Q3 of the current financial year, the MPC stressed that sustained high inflation could de-stabilize inflation expectations and harm growth in the medium term, RBI Governor Shaktikanta Das said. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,The RBI MPC retained its GDP growth projection for FY23 at 7.2%, and its inflation forecast was also unchanged at 6.7%. India’s annual Consumer Price Index (CPI) inflation remained above the 7% mark in June and beyond the RBI’s upper tolerance level of 6% for the sixth month in a row. Also Read | RBI monetary policy committee meet: Key highlights,India's 10-year benchmark bond yield rose to 7.25% after the policy decision. The rupee was trading at 79.24, up from 79.4650 on Thursday. The local unit reached an intraday high of 78.98 immediately after the RBI's rate decision. “We expect the pace and quantum of rate hikes to moderate going forward, led by falling commodity prices, global growth concerns, and easing global supply constraints. In our view, the bond yields, especially in the 3-5 year segment, discount a large part of the expected rate hikes,” said Arun Kumar, Head of Research, FundsIndia,Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,The rupee depreciated by 4.7% against the US dollar this financial year till August 4. “The depreciation of the Indian rupee is more on account of the appreciation of the US dollar rather than weakness in macroeconomic fundamentals of the Indian economy. Market interventions by the RBI have helped in containing volatility and ensuring the orderly movement of the rupee. We remain watchful and focused on maintaining the stability of the Indian rupee,” said Das.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Indian,RBI,India,the Reserve Bank of India,Monetary Policy Committee,MPC,Shaktikanta Das,US,Das","originalPublishedOn":"2022-08-05T14:46:02+05:30"}},{"node":{"id":"huMvXKQt1WzQ","slug":"english/explained-changes-in-repo-rates-and-their-impact-on-stock-market","slugV2":"business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/","title":"Explained: Changes in repo rates and their impact on stock market","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ajGKWZewU.jpg","coverCaption":"The link between the stock market and interest rates is inverse. (Photo Credit: Representational Image/ Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-08-05T14:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n \u003cli\u003eThe Nifty50 rose 74 points to trade at 17,456.15, the Sensex climbed 250 points to trade at 58,549.01\u003c/li\u003e\n \u003cli\u003eA rise in repo rate causes companies to scale back on expansion investment\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":1,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659689530489,\\\"strCount\\\":4722,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike-716704/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI) raised the\\\\nrepo rate by 50 basis points (bps) to 5.4% on Friday. The\\\\nthree-day \u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e (MPC) meeting started on August 3 and was chaired by RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e along with other MPC members.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major indices like Nifty50 rose 74 points to trade at 17,456.15, whereas the S\u0026amp;P BSE Sensex climbed over 250 points to trade at 58,549.01 after the announcement on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the previous meeting, which was held from June 6 to June\\\\n8, RBI MPC announced a 50 bps increase in \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e to 4.90%. The MPC agreed\\\\nunanimously to keep the focus on the withdrawal of accommodation in order to\\\\nkeep inflation within target in the future, the RBI Governor said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings-306488/\\\\\\\"\u003eRBI monetary policy committee meet: An overview\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In May 2022, the RBI\\\\nunexpectedly hiked the key interest rate by \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e40 basis points to 4.40%\u003c/a\u003e in a bid\\\\nto contain inflation, which has stayed persistently over goal in recent months.\\\\nThe announcement caused market indexes to fall substantially, with the BSE\\\\nSensex falling more than 1,400 points in intraday trade to settle at 55,669.03.\\\\nWhile the NSE Nifty finished below 16,700 following a 391-point loss.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move in May. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity\\\\\\\"\u003eRBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike in the repo rate, which is the rate at which the RBI lends to commercial banks, from a record low of 4% to 4.40% is the first since August 2018, as well as the first time the RBI governor-led monetary policy committee (MPC) has held an unscheduled meeting to raise interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/lic-ipo-live-updates-largest-public-issue-opens-for-subscription\\\\\\\"\u003eLIC IPO live updates: Largest public issue opens for subscription\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-thursday-may-5-2022\\\\\\\"\u003eGold, silver and other metal prices on Thursday, May 5, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Markets will eventually crash if more companies follow suit. In simple terms, an increase in interest rates leads to an increase in savings and a decrease in the flow of money into the economy, resulting in a stock market downturn.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Furthermore, the impact of a lower repo rate does not affect all sectors in the same way. Capital-intensive sectors such as capital goods, infrastructure, and so on, for example, are more exposed to these changes due to large capital or debt on these companies' books. While equities in sectors such as information technology (IT) and fast-moving consumer goods (FMCG) tend to be less affected.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings\\\\\\\"\u003eRBI MPC meeting: Here's an overview of the last 8 meetings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"By altering the repo rate, the RBI balances inflation risk and economic growth. The repo rate is one of the tools at the central bank's disposal for controlling the money supply. Stock markets respond strongly to any indication of such changes.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T14:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) raised the repo rate by 50 basis points (bps) to 5.4% on Friday. The three-day Monetary Policy Committee (MPC) meeting started on August 3 and was chaired by RBI Governor Shaktikanta Das along with other MPC members. Major indices like Nifty50 rose 74 points to trade at 17,456.15, whereas the S\u0026P BSE Sensex climbed over 250 points to trade at 58,549.01 after the announcement on Friday. In the previous meeting, which was held from June 6 to June 8, RBI MPC announced a 50 bps increase in repo rate to 4.90%. The MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep inflation within target in the future, the RBI Governor said. Also Read | RBI monetary policy committee meet: An overview,In May 2022, the RBI unexpectedly hiked the key interest rate by 40 basis points to 4.40% in a bid to contain inflation, which has stayed persistently over goal in recent months. The announcement caused market indexes to fall substantially, with the BSE Sensex falling more than 1,400 points in intraday trade to settle at 55,669.03. While the NSE Nifty finished below 16,700 following a 391-point loss. Also Read| Key announcements from RBI Governor Shaktikanta Das,Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move in May. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance. Also Read| RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity,The hike in the repo rate, which is the rate at which the RBI lends to commercial banks, from a record low of 4% to 4.40% is the first since August 2018, as well as the first time the RBI governor-led monetary policy committee (MPC) has held an unscheduled meeting to raise interest rates. Also Read| LIC IPO live updates: Largest public issue opens for subscription,The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices. Also Read| Gold, silver and other metal prices on Thursday, May 5, 2022,Markets will eventually crash if more companies follow suit. In simple terms, an increase in interest rates leads to an increase in savings and a decrease in the flow of money into the economy, resulting in a stock market downturn. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,Furthermore, the impact of a lower repo rate does not affect all sectors in the same way. Capital-intensive sectors such as capital goods, infrastructure, and so on, for example, are more exposed to these changes due to large capital or debt on these companies' books. While equities in sectors such as information technology (IT) and fast-moving consumer goods (FMCG) tend to be less affected. Also Read| RBI MPC meeting: Here's an overview of the last 8 meetings,By altering the repo rate, the RBI balances inflation risk and economic growth. The repo rate is one of the tools at the central bank's disposal for controlling the money supply. Stock markets respond strongly to any indication of such changes.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,The Reserve Bank of India,CRR,Nasdaq,Russell,Havells,ATGL,BSE, NSE, Sensex,MPC,Monetary Policy Committee,Shaktikanta Das,RBI MPC","originalPublishedOn":"2022-05-05T13:45:00+05:30"}},{"node":{"id":"3h0x2kmV0EPh","slug":"english/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans","slugV2":"business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/","title":"Explained: Impact of RBI's repo rate hike on deposits, loans","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI MPC hiked the repo rate by 50 basis points (bps) to 4.90% in its bi-monthly meeting (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T14:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n \u003cli\u003eBanks will have to raise deposit rates in the short term\u003c/li\u003e\n \u003cli\u003eNew home, personal and vehicle loans will become expensive\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685552076,\\\"strCount\\\":3718,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India’s (RBI)\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike-716704/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e (MPC) hiked the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e by 50 basis points (bps) to 5.4% on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With inflation running at a near-decade high and the rupee hitting record lows, the RBI, which only began increasing interest rates in May, is expected to announce subsequent hikes in future to catch up with its global peers. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI has raised rates thrice so far in this cycle, first catching markets off guard with a 40 bps hike at an unscheduled meeting, then a 50 bps hike to 4.90% in June, followed by another 50 bps hike to 5.4% in August.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meeting-heres-an-overview-of-the-last-8-meetings-306488/\\\\\\\"\u003eRBI monetary policy committee meet: An overview\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFive ways in which the RBI repo rate hike will impact you:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRise in deposit rates:\u003c/b\u003e Banks will have to raise deposit rates in the short term. Many banks have already increased interest rates on deposits after the RBI hiked the repo rate by 40 bps in May. Interest rates on deposits, including savings accounts, post office savings accounts and fixed deposits (FD) will most likely increase.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCostlier loans:\u003c/b\u003e The repo rate hike will force banks and non-banking finance companies to further increase repo-linked lending rates and minimum cost of funds-based lending rates. This is because the cost of funds for banks will rise with the repo rate hike. It will lead to a rise in equated monthly instalments (EMIs) for existing borrowers. Additionally, new home, personal and vehicle loans will also become expensive.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eAlso Read |\u0026nbsp;\u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDecline in bond yields:\u003c/b\u003e Bond prices and interest rates have an inverse relationship. If rates go up, yields on old bonds fall. Long-term debt investors will have a tough time but investors who have opted for short-term debt funds might recover their money and can reinvest it.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEquity market:\u003c/b\u003e Higher interest rates can also impact a company’s growth as cash flow dries up. Due to lowered expectations of growth from a company investors will expect lower stock price appreciation. If more companies see a fall in their stock prices, this can affect the equity market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence Indian economy is island of stability: RBI Governor\u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInflationary concerns:\u003c/b\u003e The projections indicate that inflation is expected to remain above the upper tolerance limit of 6% through the first three quarters of 2022-23, the MPC said in June. This signals further rate action from the RBI. Inflation is now projected at 6.7% in 2022-23, RBI Governor Shaktikanta Das had said.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Bank","slug":"bank","id":"3qqcXJ1ffKSS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T14:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repo rate by 50 basis points (bps) to 5.4% on Friday. With inflation running at a near-decade high and the rupee hitting record lows, the RBI, which only began increasing interest rates in May, is expected to announce subsequent hikes in future to catch up with its global peers. ,The RBI has raised rates thrice so far in this cycle, first catching markets off guard with a 40 bps hike at an unscheduled meeting, then a 50 bps hike to 4.90% in June, followed by another 50 bps hike to 5.4% in August. Also Read | RBI monetary policy committee meet: An overview,Five ways in which the RBI repo rate hike will impact you:,Rise in deposit rates: Banks will have to raise deposit rates in the short term. Many banks have already increased interest rates on deposits after the RBI hiked the repo rate by 40 bps in May. Interest rates on deposits, including savings accounts, post office savings accounts and fixed deposits (FD) will most likely increase. Also Read | RBI monetary policy committee meet: Key highlights,Costlier loans: The repo rate hike will force banks and non-banking finance companies to further increase repo-linked lending rates and minimum cost of funds-based lending rates. This is because the cost of funds for banks will rise with the repo rate hike. It will lead to a rise in equated monthly instalments (EMIs) for existing borrowers. Additionally, new home, personal and vehicle loans will also become expensive. Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,Decline in bond yields: Bond prices and interest rates have an inverse relationship. If rates go up, yields on old bonds fall. Long-term debt investors will have a tough time but investors who have opted for short-term debt funds might recover their money and can reinvest it. Also Read | RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,Equity market: Higher interest rates can also impact a company’s growth as cash flow dries up. Due to lowered expectations of growth from a company investors will expect lower stock price appreciation. If more companies see a fall in their stock prices, this can affect the equity market. Also Read | In times of turbulence Indian economy is island of stability: RBI Governor,Inflationary concerns: The projections indicate that inflation is expected to remain above the upper tolerance limit of 6% through the first three quarters of 2022-23, the MPC said in June. This signals further rate action from the RBI. Inflation is now projected at 6.7% in 2022-23, RBI Governor Shaktikanta Das had said.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Monetary Policy Committee,the Bank Rate,RBI,Shaktikanta Das,RBI Repo rate, Repo rate, Stock market,RBI policy panel, RBI repo rate hike impact,repo rate hike impact on loans,Rbi rate hike impact on inflation, RBI monetary policy","originalPublishedOn":"2022-06-08T20:12:09+05:30"}},{"node":{"id":"x208sCO2Ku5i","slug":"english/rbi-monetary-policy-committee-meet-key-highlights","slugV2":"business/rbi-monetary-policy-committee-meet-key-highlights-718641/","title":"RBI monetary policy committee meet: Key highlights","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"RBI will remain watchful and focused on maintaining the stability of the rupee (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T12:52:06+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eKey short-term lending rate was hiked by 50 bps to 5.4%\u003c/li\u003e\n \u003cli\u003eGDP growth projection for the financial year 2022-23 retained at 7.2%\u003c/li\u003e\n \u003cli\u003eRetail inflation forecast retained at 6.7% for the financial year 2022-23\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659684124118,\\\"strCount\\\":4297,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e (MPC) of the Reserve Bank of India (RBI) hiked the key lending rate, the repo rate, by 50 basis points, taking the policy rate back to the pre-pandemic levels, the highest since August 2019. With the latest hike, from the six-member rate-setting panel, the repo rate now stands at 5.4%. The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo rate\u003c/a\u003e is the rate at which the central bank lends short-term funds to banks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are the key highlights of the RBI’s fourth monetary policy review for financial year 2022-23 announced by Governor \u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e\u003cb\u003e:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e1.\u003c/b\u003e Key short-term lending rate (repo rate) was hiked by 50 basis points (bps) to 5.4%, the third consecutive hike this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e2.\u003c/b\u003e Overall, the repo rate has been increased by a 140 bps hike since May 2022 to control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e3.\u003c/b\u003e Gross Domestic Product (GDP) growth projection for the financial year 2022-23 retained at 7.2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e4. \u003c/b\u003eReal GDP growth projection for April-June seen at 16.2%, July-September GDP growth seen at 6.2%, October-December GDP growth seen at 4.1%, and January-March 2023 GDP growth seen at 4.0%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence Indian economy is island of stability: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e5.\u003c/b\u003e Real GDP growth for the April-June quarter of fiscal 2023-24 is projected at 6.7%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e6.\u003c/b\u003e RBI Governor said domestic economic activity is showing signs of broadening whereas rural demand shows mix trend.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e7.\u003c/b\u003e \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eRetail inflation\u003c/a\u003e forecast also retained at 6.7% for the financial year 2022-23. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e8.\u003c/b\u003e The July-September CPI is seen at 7.1% compared to 7.4% previously, while October-December CPI is seen at 6.4% against 6.2% projected earlier. The January-March CPI projection is retained at 5.8%. The April-June FY24 CPI is seen at 5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e9.\u003c/b\u003e India witnessed large portfolio outflows of USD 13.3 billion in FY23 up to August 3. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e10.\u003c/b\u003e Financial sector is well capitalized and sound. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e11.\u003c/b\u003e India’s foreign exchange reserves provide insurance against global spillovers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e12.\u003c/b\u003e Monetary Policy Committee decides to remain focused on the withdrawal of \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative stance\u003c/a\u003e to control inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e13.\u003c/b\u003e “Depreciation of rupee is due to strength of the dollar, rather than any weakness in India's macro fundamentals. Remain focused on maintaining the stability of the rupee,\\\\\\\" said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e14.\u003c/b\u003e RBI will remain watchful and focused on maintaining the stability of the rupee. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e15.\u003c/b\u003e Rupee depreciated by 4.7% against the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e dollar this financial year till August 4. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e16.\u003c/b\u003e Despite the resultant drawdown, India’s foreign exchange reserves remain the fourth largest globally.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/\\\\\\\"\u003eCPI inflation for FY23 projected at 6.7%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e17.\u003c/b\u003e Mechanism to be activated to allow NRIs to use Bharat Bill Payment System for payments of utility and education on behalf of their families in India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e18.\u003c/b\u003e Next meeting of the Monetary Policy Committee (MPC) is scheduled for September 28-30, 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBIGovernor","slug":"rbigovernor","id":"fbOGTq2WSmtE","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T12:48:08+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the key lending rate, the repo rate, by 50 basis points, taking the policy rate back to the pre-pandemic levels, the highest since August 2019. With the latest hike, from the six-member rate-setting panel, the repo rate now stands at 5.4%. The Repo rate is the rate at which the central bank lends short-term funds to banks. Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,Here are the key highlights of the RBI’s fourth monetary policy review for financial year 2022-23 announced by Governor Shaktikanta Das:,1. Key short-term lending rate (repo rate) was hiked by 50 basis points (bps) to 5.4%, the third consecutive hike this year. 2. Overall, the repo rate has been increased by a 140 bps hike since May 2022 to control inflation. 3. Gross Domestic Product (GDP) growth projection for the financial year 2022-23 retained at 7.2%. 4. Real GDP growth projection for April-June seen at 16.2%, July-September GDP growth seen at 6.2%, October-December GDP growth seen at 4.1%, and January-March 2023 GDP growth seen at 4.0%. Also Read | In times of turbulence Indian economy is island of stability: RBI Governor,5. Real GDP growth for the April-June quarter of fiscal 2023-24 is projected at 6.7%. 6. RBI Governor said domestic economic activity is showing signs of broadening whereas rural demand shows mix trend. 7. Retail inflation forecast also retained at 6.7% for the financial year 2022-23. ,8. The July-September CPI is seen at 7.1% compared to 7.4% previously, while October-December CPI is seen at 6.4% against 6.2% projected earlier. The January-March CPI projection is retained at 5.8%. The April-June FY24 CPI is seen at 5%. Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,9. India witnessed large portfolio outflows of USD 13.3 billion in FY23 up to August 3. ,10. Financial sector is well capitalized and sound. ,11. India’s foreign exchange reserves provide insurance against global spillovers. 12. Monetary Policy Committee decides to remain focused on the withdrawal of accommodative stance to control inflation. Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,13. “Depreciation of rupee is due to strength of the dollar, rather than any weakness in India's macro fundamentals. Remain focused on maintaining the stability of the rupee, said Das. 14. RBI will remain watchful and focused on maintaining the stability of the rupee. ,15. Rupee depreciated by 4.7% against the US dollar this financial year till August 4. ,16. Despite the resultant drawdown, India’s foreign exchange reserves remain the fourth largest globally. Also Read | CPI inflation for FY23 projected at 6.7%: RBI governor,17. Mechanism to be activated to allow NRIs to use Bharat Bill Payment System for payments of utility and education on behalf of their families in India. 18. Next meeting of the Monetary Policy Committee (MPC) is scheduled for September 28-30, 2022.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,The Monetary Policy Committee,the Reserve Bank of India,Shaktikanta Das,Monetary Policy Committee,Das,US,the Monetary Policy Committee","originalPublishedOn":"2022-08-05T12:46:25+05:30"}},{"node":{"id":"l8bbF0MgUO56","slug":"english/50-bps-has-become-the-new-normal-rbi-governor","slugV2":"business/50-bps-has-become-the-new-normal-rbi-governor-718629/","title":"50 bps rate hike has become new normal for Central Banks: RBI Governor","postType":1,"coverMedia":"/opoyi_Oz1RO2OSy.jpg","coverCaption":"The RBI is bringing down excess liquidity in the system and the CAD is expected to remain within manageable limits. (Photo Credit: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T12:54:15+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI Governor said that a large number of central banks are now hiking by 75-to-100 bps\u003c/li\u003e\n \u003cli\u003eHe said that the Indian economy is an island of growth and macroeconomic stability\u003c/li\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659684253043,\\\"strCount\\\":3070,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e said in a post-\u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy\u003c/a\u003e press conference that 50 bps (hike) has become the new normal and a large number of central banks are now hiking by 75-to-100 bps.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“If you look all around, 50 bps (hike) has become the new normal and a large number of central banks are now hiking by 75-to-100 bps. So there is a tendency that 75-to-100 bps will take over 50 bps. But in RBI, we take a very calibrated and measured view. We factor in the impact of the rate action on the aspect of growth and on our consumer urban and rural demand. Based on that we have taken a balanced call. Based on the prevailing and expected inflation-growth dynamics,” said RBI Governor Shaktikanta Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Addressing the media, RBI Governor said that the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e economy is an island of growth and macroeconomic stability. There are signs that the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eCPI\u003c/a\u003e has peaked, and it is expected to moderate in Q4FY23 \u0026amp; Q1FY24.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He added, that inflation still remains at uncomfortably high levels and there are some uncertainties or outlooks for inflation. The RBI is bringing down excess liquidity in the system and the CAD is expected to remain within manageable limits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence Indian economy is island of stability: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor on Friday announced that the \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect.\u0026nbsp; The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp; \u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It retained GDP growth projection at 7.2% for the current fiscal ending March 31, 2023, and kept the inflation outlook for the year unchanged at 6.7%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflationary pressures are broad-based and core inflation remains elevated. Inflation is projected to remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23, entailing the risk of destablishing inflation expectations and triggering second-round effects,\\\\\\\" said Governor Shaktikanta Das.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T12:36:49+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India Governor Shaktikanta Das said in a post-monetary policy press conference that 50 bps (hike) has become the new normal and a large number of central banks are now hiking by 75-to-100 bps. “If you look all around, 50 bps (hike) has become the new normal and a large number of central banks are now hiking by 75-to-100 bps. So there is a tendency that 75-to-100 bps will take over 50 bps. But in RBI, we take a very calibrated and measured view. We factor in the impact of the rate action on the aspect of growth and on our consumer urban and rural demand. Based on that we have taken a balanced call. Based on the prevailing and expected inflation-growth dynamics,” said RBI Governor Shaktikanta Das. Also Read | RBI monetary policy committee meet: Key highlights,Addressing the media, RBI Governor said that the Indian economy is an island of growth and macroeconomic stability. There are signs that the CPI has peaked, and it is expected to moderate in Q4FY23 \u0026 Q1FY24. He added, that inflation still remains at uncomfortably high levels and there are some uncertainties or outlooks for inflation. The RBI is bringing down excess liquidity in the system and the CAD is expected to remain within manageable limits. Also Read | In times of turbulence Indian economy is island of stability: RBI Governor,The RBI Governor on Friday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,It retained GDP growth projection at 7.2% for the current fiscal ending March 31, 2023, and kept the inflation outlook for the year unchanged at 6.7%. Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,Inflationary pressures are broad-based and core inflation remains elevated. Inflation is projected to remain above the upper tolerance level of 6 per cent through the first three quarters of 2022-23, entailing the risk of destablishing inflation expectations and triggering second-round effects, said Governor Shaktikanta Das.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,RBI,The Reserve Bank of India,Indian,the Monetary Policy Committee,The Standing Deposit Facility,SDF,The Marginal Standing Facility,RBI press conference, RBI MPC press conference, RBI MPC conference, RBI Governor press conference, RBI Gove","originalPublishedOn":"2022-08-05T12:32:28+05:30"}},{"node":{"id":"HbisWHRTZ6fB","slug":"english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance","slugV2":"business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/","title":"Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_BgyLSxefC.jpg","coverCaption":"Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T12:07:58+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI's accommodative stance indicates that it is willing to cut interest rates\u003c/li\u003e\n \u003cli\u003eA neutral stance implies that it can either cut or hike interest rates\u003c/li\u003e\n \u003cli\u003eA hawkish stance indicates that central bank is willing to hike interest rates\u0026nbsp;\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659681476885,\\\"strCount\\\":2839,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eReserve Bank of India's\u003c/a\u003e policy language is difficult to decipher and has a significant impact on financial markets. It gives vital hints about the central bank's policy thinking.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-inflation-affects-rbis-interest-rate-policy\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topic/rbimonetarypolicy\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e has finally moved past its extreme accommodative stance, per the latest policy announcement and following remarks by Governor Shaktikanta Das. Let's go through the fundamentals of the RBI's stances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/explained-why-has-rbi-shifted-to-a-less-accommodative-policy\\\\\\\"\u003eExplained: Why has RBI shifted to a ‘less accommodative’ policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAccommodative Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank's accommodative stance indicates that it is willing to increase the money supply in order to stimulate economic growth. During an accommodative policy phase, the central bank is willing to lower interest rates. The possibility of a rate hike has been ruled out. For the past two years, the Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. When growth requires policy support but inflation is not an immediate worry, the central bank normally adopts an accommodative policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-committee-keeps-repo-rate-unchanged-at-4\\\\\\\"\u003eRBI Monetary Policy Committee keeps repo rate unchanged at 4%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eNeutral Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank's 'neutral stance' implies that it can either cut or raise interest rates. When the policy priority is equal to both inflation and growth, this approach is often taken. During a neutral policy, the central bank does not commit to raising or lowering interest rates. Depending on the incoming data, the interest rate can fluctuate on either side. The market can expect rate action in any direction at any time, as per the guidance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/rbi-monetary-policy-10-year-bond-yield-surpasses-7-for-the-first-time-since-2019\\\\\\\"\u003eRBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHawkish Stance\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A hawkish stance indicates that keeping inflation low is the central bank's top priority. During this time, the central bank is willing to raise interest rates in order to limit demand by curbing the money supply. A tight monetary policy is also associated with a hawkish stance. During this time, a rate cut is almost inevitable. When the central bank raises interest rates or tightens monetary policy, banks raise interest rates on loans to end borrowers, reducing demand in the financial sector.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T12:07:56+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's policy language is difficult to decipher and has a significant impact on financial markets. It gives vital hints about the central bank's policy thinking. Also Read| How inflation affects RBI’s interest rate policy,The Monetary Policy Committee (MPC) has finally moved past its extreme accommodative stance, per the latest policy announcement and following remarks by Governor Shaktikanta Das. Let's go through the fundamentals of the RBI's stances. Also Read| Explained: Why has RBI shifted to a ‘less accommodative’ policy,Accommodative Stance,The central bank's accommodative stance indicates that it is willing to increase the money supply in order to stimulate economic growth. During an accommodative policy phase, the central bank is willing to lower interest rates. The possibility of a rate hike has been ruled out. For the past two years, the Reserve Bank of India (RBI) has maintained an accommodative approach in order to sustain the economy through the COVID-19 crisis. When growth requires policy support but inflation is not an immediate worry, the central bank normally adopts an accommodative policy. Also Read| RBI Monetary Policy Committee keeps repo rate unchanged at 4%,Neutral Stance,The central bank's 'neutral stance' implies that it can either cut or raise interest rates. When the policy priority is equal to both inflation and growth, this approach is often taken. During a neutral policy, the central bank does not commit to raising or lowering interest rates. Depending on the incoming data, the interest rate can fluctuate on either side. The market can expect rate action in any direction at any time, as per the guidance. Also Read| RBI monetary policy: 10-year bond yield surpasses 7% for the first time since 2019,Hawkish Stance,A hawkish stance indicates that keeping inflation low is the central bank's top priority. During this time, the central bank is willing to raise interest rates in order to limit demand by curbing the money supply. A tight monetary policy is also associated with a hawkish stance. During this time, a rate cut is almost inevitable. When the central bank raises interest rates or tightens monetary policy, banks raise interest rates on loans to end borrowers, reducing demand in the financial sector.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,The Monetary Policy Committee,Shaktikanta Das,the Reserve Bank of India","originalPublishedOn":"2022-04-19T15:45:00+05:30"}},{"node":{"id":"hFcFxiiXfjl0","slug":"english/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps","slugV2":"business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/","title":"Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps","postType":1,"coverMedia":"/opoyi_ng5ZckyZu.jpg","coverCaption":"Sensex jumped more than 250 points on Friday. (Photo credit: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T11:39:24+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe SensexSensex climbed over 250 points to trade at 58,549.01, Nifty50 rose 74 points to trade at 17,456.15\u003c/li\u003e\n \u003cli\u003eThe rupee extended gains and was trading at 78.99 per dollar\u003c/li\u003e\n \u003cli\u003eBrent crude went higher by 0.15% to USD 94.26 per barrel\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659679763178,\\\"strCount\\\":5294,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Indian equity markets traded in a positive direction after the \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e hiked repo rates by 50 basis points (bps) to 5.4%. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major indices like Nifty50 rose 74 points to trade at 17,456.15, whereas the S\u0026amp;P BSE Sensex climbed over 250 points to trade at 58,549.01.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices were trading in green with the BSE Midcap index rising 0.44%, while the Small cap index was up by 0.58%. The top gaining sectoral indices on the BSE were Basic Materials up by 1.07%, Telecom up by 0.94%, Bankex up by 0.92%, TECK up by 0.84% and IT up by 0.71%, while Oil \u0026amp; Gas down by 0.56%, Energy down by 0.33%, Consumer Durables down by 0.12%, Utilities down by 0.11% and Auto down by 0.06% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eFDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The top gainers on the Sensex were Ultratech Cement up by 2.32%, ICICI Bank up by 1.88%, Bharti Airtel up by 1.25%, Wipro up by 1.22% and Axis Bank up by 1.18%. On the flip side, Reliance Industries down by 0.91%, Maruti Suzuki down by 0.68%, Power Grid Corporation down by 0.34% and HDFC down by 0.07% were the top losers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/\\\\\\\"\u003eCPI inflation for FY23 projected at 6.7%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The top gainers on Nifty were Ultratech Cement up by 2.59%, Grasim Industries up by 1.85%, ICICI Bank up by 1.73%, Wipro up by 1.25% and Bharti Airtel up by 1.18%. On the flip side, Hindalco down by 1.11%, Reliance Industries down by 0.94%, Hero MotoCorp down by 0.67%, Maruti Suzuki down by 0.64% and Cipla down by 0.53% were the top losers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/\\\\\\\"\u003eReal GDP growth projection for FY23 retained at 7.2%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets are trading mostly in green with Taiwan Weighted strengthened 330.67 points or 2.25% to 15,032.87, Nikkei 225 surged 234.96 points or 0.84% to 28,167.16, KOSPI rose 19.37 points or 0.78% to 2,492.48, Jakarta Composite soared 13.22 points or 0.19% to 7,070.57, Shanghai Composite gained 9.06 points or 0.28% to 3,198.10 and Straits Times advanced 5.62 points or 0.17% to 3,275.48. On the flip side, Hang Seng decreased by 6.25 points or 0.03% to 20,167.79.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-revises-marginal-standing-facility-msf-rate-to-565-718564/\\\\\\\"\u003eRBI MPC revises marginal standing facility (MSF) rate to 5.65%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The 50 bp repo rate hike came 15 bp higher than the majority expectation of a 35bp hike. It is evident that the MPC is frontloading the rate hikes since it feels that CPI inflation is above comfort levels. The MPC has been emboldened to go for this 50 bp hike since the economic activity is resilient and withdrawal of accommodation stance is necessary to anchor inflation expectations,\\\\\\\"\u0026nbsp;said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-adjusted-standing-deposit-facility-sdf-rate-to-515-718558/\\\\\\\"\u003eRBI MPC adjusted standing deposit facility (SDF) rate to 5.15%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The RBI governor went so far as to say that the Indian economy is holding steady in an ocean of turbulence. The capacity utilization in the industry at 75% is higher than the long-term average. This positive view on the economy has been well received by the stock market in spite of the higher at hand expected repo rate hike,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BSE Sensex ended 51.73 points or 0.09%t lower at 58,298.80 on Thursday. The Nifty dipped 6.15 points or 0.04% to finish at 17,382.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003eForeign institutional investors (FIIs)\u003c/a\u003e bought shares worth a net Rs 1474.77 crore, while \u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003edomestic institutional investors (DIIs)\u003c/a\u003e sold shares worth a net Rs 46.79 crore in the \u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e equity market on August 4, as per provisional data available on the \u003ca href=\\\\\\\"https://opoyi.com/topic/nse\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Meanwhile, international oil benchmark Brent crude went higher by 0.15% to USD 94.26 per barrel. The rupee extended gains on Friday and was trading at 78.99 per dollar, compared to 79.16 prior to the policy decision.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"EarlyTrade","slug":"earlytrade","id":"gsxZYQ7fvno9","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"ICICIBank","slug":"icicibank","id":"1yMaWjG140NK","isSection":0},{"name":"MarutiSuzuki","slug":"marutisuzuki","id":"j4RF2tcJ4KCJ","isSection":0},{"name":"Bhartiairtel","slug":"bhartiairtel","id":"YOuNxy4DtOwC","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"HeroMotoCorp","slug":"heromotocorp","id":"NCS1zGP2uR7a","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T11:39:20+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Indian equity markets traded in a positive direction after the Reserve Bank of India (RBI) hiked repo rates by 50 basis points (bps) to 5.4%. With this rate-hike cycle, the Indian central bank has raised interest rates by 140 bps so far. Major indices like Nifty50 rose 74 points to trade at 17,456.15, whereas the S\u0026P BSE Sensex climbed over 250 points to trade at 58,549.01. Also Read| Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,The broader indices were trading in green with the BSE Midcap index rising 0.44%, while the Small cap index was up by 0.58%. The top gaining sectoral indices on the BSE were Basic Materials up by 1.07%, Telecom up by 0.94%, Bankex up by 0.92%, TECK up by 0.84% and IT up by 0.71%, while Oil \u0026 Gas down by 0.56%, Energy down by 0.33%, Consumer Durables down by 0.12%, Utilities down by 0.11% and Auto down by 0.06% were the top losing indices on BSE. Also Read| FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,The top gainers on the Sensex were Ultratech Cement up by 2.32%, ICICI Bank up by 1.88%, Bharti Airtel up by 1.25%, Wipro up by 1.22% and Axis Bank up by 1.18%. On the flip side, Reliance Industries down by 0.91%, Maruti Suzuki down by 0.68%, Power Grid Corporation down by 0.34% and HDFC down by 0.07% were the top losers. Also Read| CPI inflation for FY23 projected at 6.7%: RBI governor,The top gainers on Nifty were Ultratech Cement up by 2.59%, Grasim Industries up by 1.85%, ICICI Bank up by 1.73%, Wipro up by 1.25% and Bharti Airtel up by 1.18%. On the flip side, Hindalco down by 1.11%, Reliance Industries down by 0.94%, Hero MotoCorp down by 0.67%, Maruti Suzuki down by 0.64% and Cipla down by 0.53% were the top losers. Also Read| Real GDP growth projection for FY23 retained at 7.2%: RBI governor,Asian markets are trading mostly in green with Taiwan Weighted strengthened 330.67 points or 2.25% to 15,032.87, Nikkei 225 surged 234.96 points or 0.84% to 28,167.16, KOSPI rose 19.37 points or 0.78% to 2,492.48, Jakarta Composite soared 13.22 points or 0.19% to 7,070.57, Shanghai Composite gained 9.06 points or 0.28% to 3,198.10 and Straits Times advanced 5.62 points or 0.17% to 3,275.48. On the flip side, Hang Seng decreased by 6.25 points or 0.03% to 20,167.79. Also Read| RBI MPC revises marginal standing facility (MSF) rate to 5.65%,“The 50 bp repo rate hike came 15 bp higher than the majority expectation of a 35bp hike. It is evident that the MPC is frontloading the rate hikes since it feels that CPI inflation is above comfort levels. The MPC has been emboldened to go for this 50 bp hike since the economic activity is resilient and withdrawal of accommodation stance is necessary to anchor inflation expectations, said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Also Read| RBI MPC adjusted standing deposit facility (SDF) rate to 5.15%,The RBI governor went so far as to say that the Indian economy is holding steady in an ocean of turbulence. The capacity utilization in the industry at 75% is higher than the long-term average. This positive view on the economy has been well received by the stock market in spite of the higher at hand expected repo rate hike,” he added. The BSE Sensex ended 51.73 points or 0.09%t lower at 58,298.80 on Thursday. The Nifty dipped 6.15 points or 0.04% to finish at 17,382. Also Read| RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,Foreign institutional investors (FIIs) bought shares worth a net Rs 1474.77 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 46.79 crore in the Indian equity market on August 4, as per provisional data available on the NSE. ,Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,Meanwhile, international oil benchmark Brent crude went higher by 0.15% to USD 94.26 per barrel. The rupee extended gains on Friday and was trading at 78.99 per dollar, compared to 79.16 prior to the policy decision.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Indian,ICICI Bank,Reliance Industries,Maruti Suzuki,the Reserve Bank of India,Nifty50,the S BSE Sensex,Bankex,Utilities,Bharti Airtel,Axis Bank,Power Grid Corporation,Grasim Industries,Hindalco,Hero MotoCorp","originalPublishedOn":"2022-08-05T11:39:20+05:30"}},{"node":{"id":"XLg4WAxmObM4","slug":"english/who-is-shaktikanta-das","slugV2":"business/who-is-shaktikanta-das-633549/","title":"Who is Shaktikanta Das?","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_-ZOu-ugAb.jpg","coverCaption":"Shaktikanta Das is the first RBI governor to receive an extension under the current BJP administration (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:18:06+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eShaktikanta Das is a retired 1980 batch IAS officer of the Tamil Nadu cadre\u003c/li\u003e\n \u003cli\u003eHe was born on February 26, 1957 in Bhubaneswar\u003c/li\u003e\n \u003cli\u003eHe was appointed as the Governor of RBI in December 2018\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685683796,\\\"strCount\\\":3468,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shaktikanta Das is currently serving as the 25th Governor of the \u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI). He is a retired 1980 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. He was a member of the Fifteenth Finance Commission and India's Sherpa to the G20 before becoming the 25th Governor of the RBI. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shaktikanta Das was born on February 26, 1957 in Bhubaneswar. He attended the Demonstration Multipurpose School before earning bachelor's (BA) and master's (MA) degrees in history from the University of Delhi's St. Stephen's College. In 2021, Utkal University awarded him a D.Litt.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Das, unlike his predecessors, does not have an academic background in Economics or Finance. However, he has a vast experience and understanding of economic and financial affairs as a veteran of Indian Administrative Services. During his tenure as an IAS officer, Shaktikanta Das served the Indian and Tamil Nadu governments in various capacities, including as economic affairs secretary, revenue secretary, and fertilizers secretary. During his tenure as Union Economic Affairs Secretary, he was widely regarded as one of the most powerful civil servants in India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/\\\\\\\"\u003eHow Indian economy could suffer from a US Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He has also served as India’s representative at the World Bank, the Asian Development Bank, the National Development Bank, and the Asian Infrastructure Investment Bank. Das has also represented India in international forums such as the International Monetary Fund (IMF), G20, BRICS, and SAARC.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/india-on-track-to-release-cbdc-says-rbi-official-709199/\\\\\\\"\u003eIndia on track to release CBDC says RBI official\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On December 11, 2018, the central government appointed Shaktikanta Das as Governor of the RBI for a three-year term, succeeding Urjit Patel, who had resigned the day before. For his efforts to make the banking system more robust, he was awarded the 'Central Banker of the Year, Asia-Pacific 2020' award by the London-based magazine The Banker.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-the-difference-between-wpi-and-cpi-707211/\\\\\\\"\u003eWhat is the difference between WPI and CPI?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In October 2021, the Appointments Committee of the Cabinet approved the reappointment of Shaktikanta Das as RBI governor for a period of three years starting from December 10, 2021 \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He is the first RBI governor to receive an extension under the current BJP administration, as previous governors either resigned or chose to return to academics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-ready-to-spend-up-to-100-billion-more-to-protect-rupee-report-705566/\\\\\\\"\u003eRBI ready to spend up to $100 billion more to protect rupee: report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In its \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003eJune monetary policy review\u003c/a\u003e, the RBI raised benchmark interest rates by 50 basis points to 4.90% and remained focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Priyadarshini Bishnoi","photo":null,"username":"priyadarshni","id":"HcQzmMvtvqXX","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"RBIGovernor","slug":"rbigovernor","id":"fbOGTq2WSmtE","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T11:17:04+05:30","publisher":0,"sourceFeed":null,"cleanText":"Shaktikanta Das is currently serving as the 25th Governor of the Reserve Bank of India (RBI). He is a retired 1980 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. He was a member of the Fifteenth Finance Commission and India's Sherpa to the G20 before becoming the 25th Governor of the RBI. ,Shaktikanta Das was born on February 26, 1957 in Bhubaneswar. He attended the Demonstration Multipurpose School before earning bachelor's (BA) and master's (MA) degrees in history from the University of Delhi's St. Stephen's College. In 2021, Utkal University awarded him a D.Litt. Also Read | RBI expected to hike interest rate by 35-50 bps,Das, unlike his predecessors, does not have an academic background in Economics or Finance. However, he has a vast experience and understanding of economic and financial affairs as a veteran of Indian Administrative Services. During his tenure as an IAS officer, Shaktikanta Das served the Indian and Tamil Nadu governments in various capacities, including as economic affairs secretary, revenue secretary, and fertilizers secretary. During his tenure as Union Economic Affairs Secretary, he was widely regarded as one of the most powerful civil servants in India. Also Read | How Indian economy could suffer from a US Fed rate hike,He has also served as India’s representative at the World Bank, the Asian Development Bank, the National Development Bank, and the Asian Infrastructure Investment Bank. Das has also represented India in international forums such as the International Monetary Fund (IMF), G20, BRICS, and SAARC. Also Read | India on track to release CBDC says RBI official,On December 11, 2018, the central government appointed Shaktikanta Das as Governor of the RBI for a three-year term, succeeding Urjit Patel, who had resigned the day before. For his efforts to make the banking system more robust, he was awarded the 'Central Banker of the Year, Asia-Pacific 2020' award by the London-based magazine The Banker. Also Read | What is the difference between WPI and CPI?,In October 2021, the Appointments Committee of the Cabinet approved the reappointment of Shaktikanta Das as RBI governor for a period of three years starting from December 10, 2021 ,He is the first RBI governor to receive an extension under the current BJP administration, as previous governors either resigned or chose to return to academics. Also Read | RBI ready to spend up to $100 billion more to protect rupee: report,In its June monetary policy review, the RBI raised benchmark interest rates by 50 basis points to 4.90% and remained focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":" Who is Shaktikanta Das,Shaktikanta Das,Shaktikanta Das profile,India,RBI,IAS,G20,the Reserve Bank of India,Indian Administrative Service,the Fifteenth Finance Commission,Bhubaneswar,St. Stephen's College,Utkal University,Indian Administrative Services,RB","originalPublishedOn":"2021-10-29T10:58:14+05:30"}},{"node":{"id":"Q1wPmzc4sy0g","slug":"english/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor","slugV2":"business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/","title":"Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor","postType":1,"coverMedia":"/opoyi_V7588MFmg.jpg","coverCaption":"Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:08:11+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe surplus liquidity has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May\u003c/li\u003e\n \u003cli\u003eA a rise in term deposit rates should increase liquidity for the financial sector\u003c/li\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685088884,\\\"strCount\\\":3261,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e\u0026nbsp;(\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday said that the surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, adding that a rise in term deposit rates should increase liquidity for the financial sector.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The sharp moderation in surplus liquidity from July 20, mainly on account of tax and capital outflows, resulted in money market rates firming up above the repo rate.\u0026nbsp;To alleviate the liquidity stress, the RBI conducted a variable rate repo auction of Rs 50,000 crore of 3 days maturity on July 26, 2022.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI will remain vigilant on the liquidity front and conduct two-way fine-tuning operations as and when warranted – both variable rate repo (VRR) and variable rate reverse repo (VRRR) operations of different tenors, depending on the evolving liquidity and financial conditions,\\\\\\\" said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e\u0026nbsp;Governor announced that the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e\u0026nbsp;voted unanimously to hike the benchmark\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% with immediate effect.\u0026nbsp;\u0026nbsp;The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eForeign Direct Investment\u003c/a\u003e (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said RBI Governor Shaktikanta Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC\u0026nbsp;has retained the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e\u0026nbsp;Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/\\\\\\\"\u003eReal GDP growth projection\u003c/a\u003e for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das.\u0026nbsp; \u0026nbsp;\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Bank","slug":"bank","id":"3qqcXJ1ffKSS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T11:15:38+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, adding that a rise in term deposit rates should increase liquidity for the financial sector. ,The sharp moderation in surplus liquidity from July 20, mainly on account of tax and capital outflows, resulted in money market rates firming up above the repo rate. To alleviate the liquidity stress, the RBI conducted a variable rate repo auction of Rs 50,000 crore of 3 days maturity on July 26, 2022. ,Also Read | RBI monetary policy committee meet: Key highlights,The RBI will remain vigilant on the liquidity front and conduct two-way fine-tuning operations as and when warranted – both variable rate repo (VRR) and variable rate reverse repo (VRRR) operations of different tenors, depending on the evolving liquidity and financial conditions, said Das. The RBI Governor announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said RBI Governor Shaktikanta Das. The MPC has retained the Consumer Price Index (CPI) Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%. ,Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,TheReserve Bank of India(RBI,GovernorShaktikanta Das,theMonetary Policy Committee,The Marginal Standing Facility,RBI","originalPublishedOn":"2022-08-05T11:15:38+05:30"}},{"node":{"id":"MjoBxuYLesMj","slug":"english/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor","slugV2":"business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/","title":"FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor","postType":1,"coverMedia":"/opoyi_cWQcH1jYiMJ.jpg","coverCaption":"FIIs and DIIs can impact the economy’s net investment flows (Photo credits: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T12:21:20+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eFDI improved to 13.6 billion dollars in Q1FY23 as compared to 11.6 billion dollars in Q1FY22\u003c/li\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps to 5.4%\u003c/li\u003e\n \u003cli\u003eFIIs sold shares worth a net Rs 6,567.71 crore while DIIs bought shares worth a net Rs 10,546.02 crore in July 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659682279000,\\\"strCount\\\":3212,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said RBI Governor\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003eForeign institutional investors (FIIs)\u003c/a\u003e\u0026nbsp;bought shares worth a net Rs 1474.77 crore, while\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003edomestic institutional investors (DIIs)\u003c/a\u003e\u0026nbsp;sold shares worth a net Rs 46.79 crore in the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topic/indian\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;equity market on August 4, as per provisional data available on the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topic/nse\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the month of July 2022, FIIs sold shares worth a net Rs 6,567.71 crore while DIIs bought shares worth a net Rs 10,546.02 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Despite the drawdown of foreign exchange reserves to limit rupee volatility, India’s reserves remain the fourth largest globally said RBI Governor.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India is facing USD 13.3 billion capital outflow in last few months.\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer price inflation\u003c/a\u003e\u0026nbsp;has eased from its surge in April but remains uncomfortably high and above upper threshold of target, he added.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e\u0026nbsp;Governor on Friday announced that the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e\u0026nbsp;voted unanimously to hike the benchmark\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% with immediate effect.\u0026nbsp;\u0026nbsp;The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp; \u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC\u0026nbsp;has retained the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e\u0026nbsp;Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"FIIandDII","slug":"fiianddii","id":"qa43Lh57XVNz","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T11:00:04+05:30","publisher":0,"sourceFeed":null,"cleanText":"Foreign Direct Investment (FDI) improved to 13.6 billion dollars in the first quarter of the current financial year as compared to 11.6 billion dollars in the first quarter of last year said RBI Governor Shaktikanta Das. Foreign institutional investors (FIIs) bought shares worth a net Rs 1474.77 crore, while domestic institutional investors (DIIs) sold shares worth a net Rs 46.79 crore in the Indian equity market on August 4, as per provisional data available on the NSE. ,Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,In the month of July 2022, FIIs sold shares worth a net Rs 6,567.71 crore while DIIs bought shares worth a net Rs 10,546.02 crore. Despite the drawdown of foreign exchange reserves to limit rupee volatility, India’s reserves remain the fourth largest globally said RBI Governor. Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,India is facing USD 13.3 billion capital outflow in last few months. Consumer price inflation has eased from its surge in April but remains uncomfortably high and above upper threshold of target, he added. ,The RBI Governor on Friday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,The MPC has retained the Consumer Price Index (CPI) Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%. ,Also Read | Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das. ,","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,Foreign Direct Investment,RBI,theIndian,TheReserve Bank of India(RBI,GovernorShaktikanta Das,theMonetary Policy Committee,The Marginal Standing Facility","originalPublishedOn":"2022-08-05T11:00:04+05:30"}},{"node":{"id":"vbp5dXhDBzYq","slug":"english/cpi-inflation-for-fy23-projected-at-67-rbi-governor","slugV2":"business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/","title":"CPI inflation for FY23 projected at 6.7%: RBI governor","postType":1,"coverMedia":"/opoyi_xZ7Y2Tdr5.jpg","coverCaption":"Consumer price inflation has eased from its surge in April but remains uncomfortably high (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:03:20+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI MPC has retained the \u003ca href=\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\"\u003eCPI\u003c/a\u003e Inflation projection for FY23 at 6.7%\u003c/li\u003e\n \u003cli\u003eThe MPC sees second-quarter CPI \u0026nbsp;at 7.1% compared to 7.4% previously\u003c/li\u003e\n \u003cli\u003eStanding Deposit Facility (SDF) rate is adjusted to 5.15%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659684798284,\\\"strCount\\\":3304,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e\u0026nbsp;(RBI)\u0026nbsp;Monetary Policy Committee\u0026nbsp;has retained the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI Governor\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e\u0026nbsp;on Friday announced that the rate-setting panel voted unanimously to hike the benchmark\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e\u0026nbsp;by 50 basis points (bps) to 5.4% with immediate effect. The policy stance is retained at \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eWithdrawal of Accommodation\u003c/a\u003e to check inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das while delivering his MPC statement said, the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;economy is impacted by global situations. The globalisation of inflation coincides with the de-globalisation of trade, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer price inflation has eased from its surge in April but remains uncomfortably high and above the upper threshold of the target, said Das.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium,\\\\\\\" he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governor Shaktikanta Das also said that RBI will remain vigilant on the liquidity front, and conduct two-way fine-tuning ops as warranted (VRR and VRRR). Will do fine-tuning ops on both fronts depending on evolving liquidity conditions, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence Indian economy is island of stability: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The RBI continued to 'front-load' its rate hikes in line with our expectations. The central bank highlighted that while inflation might moderate in the coming months, uncertainty around these pressures continues to remain high, necessitating the need for a 50-bp rate hike. Expect the RBI to take the repo rate to 5.75% in this cycle,\\\\\\\" said Sakshi Gupta, Principal Economist, HDFC Bank\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T10:48:29+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Monetary Policy Committee has retained the Consumer Price Index (CPI) Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1FY24 CPI is seen at 5%. The RBI Governor Shaktikanta Das on Friday announced that the rate-setting panel voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The policy stance is retained at Withdrawal of Accommodation to check inflation. Also Read | RBI monetary policy committee meet: Key highlights,The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,RBI Governor Shaktikanta Das while delivering his MPC statement said, the Indian economy is impacted by global situations. The globalisation of inflation coincides with the de-globalisation of trade, he said. Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,Consumer price inflation has eased from its surge in April but remains uncomfortably high and above the upper threshold of the target, said Das. ,Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium, he added. Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,Governor Shaktikanta Das also said that RBI will remain vigilant on the liquidity front, and conduct two-way fine-tuning ops as warranted (VRR and VRRR). Will do fine-tuning ops on both fronts depending on evolving liquidity conditions, he added. Also Read | In times of turbulence Indian economy is island of stability: RBI Governor,The RBI continued to 'front-load' its rate hikes in line with our expectations. The central bank highlighted that while inflation might moderate in the coming months, uncertainty around these pressures continues to remain high, necessitating the need for a 50-bp rate hike. Expect the RBI to take the repo rate to 5.75% in this cycle, said Sakshi Gupta, Principal Economist, HDFC Bank","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Monetary Policy Committee,MPC,RBI MPC meet, RBI rate setting panel, RBI announcements, RBI Inflation projection, Inflation, India inflation, India retail inflation, India CPI inflation,RBI meeting, Shaktikanta Das","originalPublishedOn":"2022-08-05T10:48:29+05:30"}},{"node":{"id":"MIObvtgVc22n","slug":"english/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor","slugV2":"business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/","title":"Real GDP growth projection for FY23 retained at 7.2%: RBI governor","postType":1,"coverMedia":"/opoyi_ADsSh0nrS.jpg","coverCaption":"Repo rate is now back to the pre pandemic levels, highest since 2019 (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:14:08+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps\u003c/li\u003e\n \u003cli\u003eStanding Deposit Facility (SDF) rate is adjusted to 5.15%.\u003c/li\u003e\n \u003cli\u003eMarginal Standing Facility (MSF) and bank rate are revised at 5.65%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685445638,\\\"strCount\\\":3674,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday announced that the FY23 GDP growth forecast has been retained at 7.2%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-April-June GDP growth seen at 16.2%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-July-September GDP growth seen at 6.2%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-October-December GDP growth seen at 4.1%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-January-March 2023 GDP growth seen at 4.0%\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect. It is now back to the pre pandemic levels, highest since 2019. The RBI Policy stance is retained at \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eWithdrawal of Accommodation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Finance Minister \u003ca href=\\\\\\\"https://opoyi.com/topics/nirmalasitharaman/\\\\\\\"\u003eNirmala Sitharaman\u003c/a\u003e earlier this week\\\\nsaid that due to the measures taken by the government, India is in a much\\\\nbetter position than most countries. Citing to a survey, Sitharaman said there\\\\nis zero possibility of India getting into recession. Sitharaman said the GDP of\\\\nthe US fell 0.9% in the second quarter following a 1.6% decline in the first\\\\nquarter. \\\\\\\"They start calling it an unofficial recession. There is no\\\\nquestion of India getting into recession or stagflation,\\\\\\\" said the\\\\nMinister.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/50-bps-has-become-the-new-normal-rbi-governor-718629/\\\\\\\"\u003e50 bps rate hike has become new normal for Central Banks: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Delivering\u0026nbsp;his\u0026nbsp;bi-monthly address\u0026nbsp;announcing the Monetary Policy Committee's (MPC) interest rate decision, Das said\u0026nbsp;Indian economic activity was showing signs of broadening, with high-frequency\u0026nbsp;indicators suggesting improvement in urban demand.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The picture for rural demand, however, is mixed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/in-times-of-turbulence-indian-economy-is-island-of-stability-rbi-governor-718623/\\\\\\\"\u003eIn times of turbulence Indian economy is island of stability: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium,\\\\\\\" RBI Governor Shaktikanta Das said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das while delivering his MPC statement said, the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e economy is impacted by global situations. The globalisation of inflation coincides with the de-globalisation of trade, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer price inflation has eased from its surge in April but remains uncomfortably high and above the upper threshold of the target, said Das.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T10:36:21+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the FY23 GDP growth forecast has been retained at 7.2%,-April-June GDP growth seen at 16.2%,-July-September GDP growth seen at 6.2%,-October-December GDP growth seen at 4.1%,-January-March 2023 GDP growth seen at 4.0%,The RBI Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. It is now back to the pre pandemic levels, highest since 2019. The RBI Policy stance is retained at Withdrawal of Accommodation. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,Also Read | RBI monetary policy committee meet: Key highlights,The Finance Minister Nirmala Sitharaman earlier this week said that due to the measures taken by the government, India is in a much better position than most countries. Citing to a survey, Sitharaman said there is zero possibility of India getting into recession. Sitharaman said the GDP of the US fell 0.9% in the second quarter following a 1.6% decline in the first quarter. They start calling it an unofficial recession. There is no question of India getting into recession or stagflation, said the Minister. Also Read | 50 bps rate hike has become new normal for Central Banks: RBI Governor,Delivering his bi-monthly address announcing the Monetary Policy Committee's (MPC) interest rate decision, Das said Indian economic activity was showing signs of broadening, with high-frequency indicators suggesting improvement in urban demand. The picture for rural demand, however, is mixed. Also Read | In times of turbulence Indian economy is island of stability: RBI Governor,Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium, RBI Governor Shaktikanta Das said. Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,RBI Governor Shaktikanta Das while delivering his MPC statement said, the Indian economy is impacted by global situations. The globalisation of inflation coincides with the de-globalisation of trade, he said. Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,Consumer price inflation has eased from its surge in April but remains uncomfortably high and above the upper threshold of the target, said Das.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,The Reserve Bank of India,the Monetary Policy Committee,The Standing Deposit Facility,SDF,The Marginal Standing Facility,Withdrawal of Accommodation,Indian,Das","originalPublishedOn":"2022-08-05T10:36:21+05:30"}},{"node":{"id":"sHt9zTTusv3J","slug":"english/rbi-mpc-revises-marginal-standing-facility-msf-rate-to-565","slugV2":"business/rbi-mpc-revises-marginal-standing-facility-msf-rate-to-565-718564/","title":"RBI MPC revises marginal standing facility (MSF) rate to 5.65%","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI Policy stance is retained at Withdrawal of Accommodation (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:17:43+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI revised the marginal standing facility (MSF) and the bank rate to 5.65%\u003c/li\u003e\n \u003cli\u003eThe standing deposit facility (SDF) has been raised to 5.15% from 4.65% earlier\u003c/li\u003e\n \u003cli\u003eThe MPC voted unanimously to hike the interest rate by 50 basis points (bps) to 5.4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685661447,\\\"strCount\\\":3012,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday revised the marginal standing facility (MSF) and the bank rate to 5.65%. The standing deposit facility (SDF), which represents the lower band of the interest rate corridor, has been raised to 5.15% from 4.65% earlier.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect.\u0026nbsp;It is now back to the pre pandemic levels and highest since 2019. The RBI Policy stance is retained at Withdrawal of Accommodation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-monetary-policy-committee-meet-key-highlights-718641/\\\\\\\"\u003eRBI monetary policy committee meet: Key highlights\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das announced that the FY23 GDP growth forecast has been retained at 7.2%.\u0026nbsp;Real GDP growth projection for April-June seen at 16.2%, July-September GDP growth seen at 6.2%, October-December GDP growth seen at 4.1% and January-March 2023 GDP growth seen at 4.0%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer price index\u003c/a\u003e (CPI) inflation remains uncomfortably high and is expected to remain above 6%, said RBI Governor. CPI forecast for FY23 kept unchanged at 6.7% on assumption of normal monsoon and crude oil at USD 105 per barrel. CPI inflation for April-June FY24 is projected at 5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-250-points-nifty-74-points-as-rbi-mpc-hikes-repo-rate-by-50-bps-718595/\\\\\\\"\u003eSensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governor said \\\\\\\"Indian economy faces headwinds from global factors like geo-political risks. Domestic economic activity showing signs of broadening whereas rural demand shows mix trend\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Edible oil prices likely to soften further, a development that may come as a relief for the common man.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, said Das, adding that rise in term deposit rates should increase liquidity for financial sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eFDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While announcing the monetary policy decision, RBI Governor Das said that credit info companies will have their own internal ombudsmen system and the central bank will set up a panel to examine MIBOR benchmark, alternatives.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T10:29:38+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday revised the marginal standing facility (MSF) and the bank rate to 5.65%. The standing deposit facility (SDF), which represents the lower band of the interest rate corridor, has been raised to 5.15% from 4.65% earlier. ,The Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. It is now back to the pre pandemic levels and highest since 2019. The RBI Policy stance is retained at Withdrawal of Accommodation. Also Read | RBI monetary policy committee meet: Key highlights,RBI Governor Shaktikanta Das announced that the FY23 GDP growth forecast has been retained at 7.2%. Real GDP growth projection for April-June seen at 16.2%, July-September GDP growth seen at 6.2%, October-December GDP growth seen at 4.1% and January-March 2023 GDP growth seen at 4.0%. The Consumer price index (CPI) inflation remains uncomfortably high and is expected to remain above 6%, said RBI Governor. CPI forecast for FY23 kept unchanged at 6.7% on assumption of normal monsoon and crude oil at USD 105 per barrel. CPI inflation for April-June FY24 is projected at 5%. Also Read | Sensex surges 250 points, Nifty 74 points as RBI MPC hikes repo rate by 50 bps,Governor said Indian economy faces headwinds from global factors like geo-political risks. Domestic economic activity showing signs of broadening whereas rural demand shows mix trend. Edible oil prices likely to soften further, a development that may come as a relief for the common man. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, said Das, adding that rise in term deposit rates should increase liquidity for financial sector. Also Read | FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,While announcing the monetary policy decision, RBI Governor Das said that credit info companies will have their own internal ombudsmen system and the central bank will set up a panel to examine MIBOR benchmark, alternatives.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Shaktikanta Das,SDF,The Monetary Policy Committee","originalPublishedOn":"2022-08-05T10:29:38+05:30"}},{"node":{"id":"LwnIL98u2boS","slug":"english/rbi-mpc-adjusted-standing-deposit-facility-sdf-rate-to-515","slugV2":"business/rbi-mpc-adjusted-standing-deposit-facility-sdf-rate-to-515-718558/","title":"RBI MPC adjusted standing deposit facility (SDF) rate to 5.15%","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"Repo rate is now back to the pre pandemic levels and highest since 2019 (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T11:42:08+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe standing deposit facility (SDF) has been raised to 5.15% from 4.65% earlier\u003c/li\u003e\n \u003cli\u003eThe marginal standing facility (MSF) and bank rate were revised to 5.65%\u003c/li\u003e\n \u003cli\u003eThe RBI Policy stance is retained at Withdrawal of Accommodation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659679925607,\\\"strCount\\\":3005,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday announced that the standing deposit facility (SDF), which represents the lower band of the interest rate corridor, has been raised to 5.15% from 4.65% earlier. The \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-revises-marginal-standing-facility-msf-rate-to-565-718564/\\\\\\\"\u003emarginal standing facility\u003c/a\u003e (MSF) and bank rate were revised to 5.65%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect. It is now back to the pre pandemic levels and highest since 2019. The RBI Policy stance is retained at \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eWithdrawal of Accommodation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/\\\\\\\"\u003eRBI MPC hikes repo rate by 50 bps as inflationary pressures intensify\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das said\u0026nbsp;India is facing USD 13.3 billion capital outflow in last\\\\nfew months. \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer price inflation\u003c/a\u003e has eased from its surge in April but remains uncomfortably high and above upper threshold of target, said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He added \\\\\\\"volatility in global financial markets is impinging upon domestic financial markets leading to imported inflation\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/real-gdp-growth-projection-for-fy23-retained-at-72-rbi-governor-718568/\\\\\\\"\u003eReal GDP growth projection for FY23 retained at 7.2%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, said Das, adding that rise in term deposit rates should increase liquidity for financial sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/\\\\\\\"\u003eInflation\u003c/a\u003e is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium,\\\\\\\" said Governor in his statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eFDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rupee has fared much better than many reserve currencies or Asian currencies, said Das. He added, \\\\\\\"depreciation of rupee is due to strength of the dollar, rather than any weakness in India's macro fundamentals. Remain focused on maintaining the stability of the rupee\\\\\\\".\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T10:25:07+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the standing deposit facility (SDF), which represents the lower band of the interest rate corridor, has been raised to 5.15% from 4.65% earlier. The marginal standing facility (MSF) and bank rate were revised to 5.65%. The Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. It is now back to the pre pandemic levels and highest since 2019. The RBI Policy stance is retained at Withdrawal of Accommodation. Also Read | RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,RBI Governor Shaktikanta Das said India is facing USD 13.3 billion capital outflow in last few months. Consumer price inflation has eased from its surge in April but remains uncomfortably high and above upper threshold of target, said Das. He added volatility in global financial markets is impinging upon domestic financial markets leading to imported inflation. Also Read | Real GDP growth projection for FY23 retained at 7.2%: RBI governor,Surplus liquidity in the banking system has come down to Rs 3.8 lakh crore, from Rs 6.7 lakh crore in April-May, said Das, adding that rise in term deposit rates should increase liquidity for financial sector. Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium, said Governor in his statement. Also Read | FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,Rupee has fared much better than many reserve currencies or Asian currencies, said Das. He added, depreciation of rupee is due to strength of the dollar, rather than any weakness in India's macro fundamentals. Remain focused on maintaining the stability of the rupee.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Shaktikanta Das,SDF,The Monetary Policy Committee,RBI MPC meeting, RBI SDF, RBI MSF, RBI interest rates, RBI announcement, RBI MPC meeting,Standing deposit facility rate,SDF rate, RBI inflation projection","originalPublishedOn":"2022-08-05T10:25:07+05:30"}},{"node":{"id":"H4AmiQjrtFD7","slug":"english/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify","slugV2":"business/rbi-mpc-hikes-repo-rate-by-50-bps-as-inflationary-pressures-intensify-718537/","title":"RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify","postType":1,"coverMedia":"/opoyi_AAqPbpW-s.jpg","coverCaption":"The RBI Policy stance is retained at Withdrawal of Accommodation. (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T11:36:21+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI MPC voted unanimously to hike the benchmark interest rate by 50 bps\u003c/li\u003e\n \u003cli\u003eStanding Deposit Facility (SDF) rate is adjusted to 5.15%.\u003c/li\u003e\n \u003cli\u003eMarginal Standing Facility (MSF) and bank rate are revised at 5.65%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659679577243,\\\"strCount\\\":3188,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on Friday announced that the \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e voted unanimously to hike the benchmark \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/surplus-liquidity-in-banking-system-has-come-down-to-rs-38-lakh-crore-rbi-governor-718586/\\\\\\\"\u003eSurplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI Policy stance is retained at \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eWithdrawal of Accommodation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor Shaktikanta Das while delivering his MPC statement said, the Indian economy is impacted by global situations. The globalisation of inflation coincides with de-globalisation of trade, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer price inflation\u003c/a\u003e has eased from its surge in April but remains uncomfortably high and above upper threshold of target, Das said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fdi-inflows-have-improved-to-136-billion-in-q1fy23-rbi-governor-718579/\\\\\\\"\u003eFDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Volatility in global financial markets is impinging upon domestic financial markets leading to imported inflation. \\\\\\\"Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium,\\\\\\\" he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cpi-inflation-for-fy23-projected-at-67-rbi-governor-718573/\\\\\\\"\u003eCPI inflation for FY23 projected at 6.7%: RBI governor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced.\u0026nbsp;The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI MPC has retained the CPI Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1 FY24 CPI is seen at 5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Governor Shaktikanta Das also said that RBI will remain vigilant on the liquidity front, and conduct two-way fine-tuning ops as warranted (VRR and VRRR). Will do fine-tuning ops on both fronts depending on evolving liquidity conditions, he added.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T10:06:49+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 basis points (bps) to 5.4% with immediate effect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF) and bank rate are revised at 5.65%. ,Also Read | Surplus liquidity in banking system has come down to Rs 3.8 lakh crore: RBI Governor,The RBI Policy stance is retained at Withdrawal of Accommodation. RBI Governor Shaktikanta Das while delivering his MPC statement said, the Indian economy is impacted by global situations. The globalisation of inflation coincides with de-globalisation of trade, he said. Consumer price inflation has eased from its surge in April but remains uncomfortably high and above upper threshold of target, Das said. Also Read | FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,Volatility in global financial markets is impinging upon domestic financial markets leading to imported inflation. Inflation is expected to remain above the central bank's 6% threshold in the second and third quarters of this fiscal year, for which the MPC stressed that sustained high inflation could destabilise inflation expectations and harm growth in the medium, he added. Also Read | CPI inflation for FY23 projected at 6.7%: RBI governor,The Real GDP growth projection for FY23 retained at 7.2% with Q1 at 16.2%, Q2 at 6.2%, Q3 at 4.1% and Q4 at 4% with risks broadly balanced. The real GDP growth for Q1 FY24 is projected at 6.7% said RBI Governor Shaktikanta Das. ,The RBI MPC has retained the CPI Inflation projection for FY23 at 6.7%. The second quarter CPI is seen at 7.1% compared to 7.4% previously, while Q3 CPI is seen at 6.4% against 6.2% projected earlier. The Q4 CPI projection is retained at 5.8%. The Q1 FY24 CPI is seen at 5%. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,Governor Shaktikanta Das also said that RBI will remain vigilant on the liquidity front, and conduct two-way fine-tuning ops as warranted (VRR and VRRR). Will do fine-tuning ops on both fronts depending on evolving liquidity conditions, he added.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,Shaktikanta Das,the Monetary Policy Committee,RBI MPC Meeting, RBI repo rate, repo rate, RBI,Inflation, Indian economy, RBI announcement, RBI MPC","originalPublishedOn":"2022-08-05T10:06:49+05:30"}},{"node":{"id":"pBgwGSlqa7We","slug":"english/rbi-expected-to-hike-interest-rate-by-35-50-bps","slugV2":"business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/","title":"RBI expected to hike interest rate by 35-50 bps","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"The monetary policy committee (MPC) will meet from August 3 to 5 (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T09:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMPC is expected to cut its inflation projection for FY23 to 6.7%\u003c/li\u003e\n \u003cli\u003eDecline in system liquidity has caused a jump in the short-term money market rates\u003c/li\u003e\n \u003cli\u003eThe strengthening US dollar is putting pressure on the rupee\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659666109020,\\\"strCount\\\":3875,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (\u003ca href=\\\\\\\"https://opoyi.com/india/india-on-track-to-release-cbdc-says-rbi-official-709199/\\\\\\\"\u003eRBI\u003c/a\u003e) is expected to hike the repo rate by 35-50 basis points (bps) during its policy meeting this week, according to most economists. The monetary policy committee (MPC) will meet from August 3 to 5.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI MPC meet: When and where to watch RBI Governor's address live\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts expect the MPC to cut its inflation projection for FY23 to 6.7% from 7.01% since \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price inflation\u003c/a\u003e (CPI) fell to 7.01% in June. Inflation looks to have peaked, the governor of the Reserve Bank of India, \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, stated earlier this month, but he also cautioned that despite June's softening trends, commodity prices remain high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to analysts, the gradual tightening of liquidity conditions in the banking sector over the last several weeks is aiding a speedier achievement of the central bank's policy aims, and this might entail a shorter rate-hiking cycle than previously predicted.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Rahul Bajoria, MD and chief India economist at \u003ca href=\\\\\\\"https://opoyi.com/topics/barclays/\\\\\\\"\u003eBarclays\u003c/a\u003e, system liquidity has fallen below the central bank's targeted 1.5% of net demand and time liabilities (NDTL), causing a jump in the short-term money market rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Liquidity shrinkage and external benchmarking of loans continue to fuel the faster and complete transmission of rate hikes. That should make the MPC’s job easier, as it negates the need for a higher terminal rate,” he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Madan Sabnavis, the chief economist of the Bank of Baroda (BoB), believes the MPC would back down from its commitment to withdraw accommodation because there is now insufficient liquidity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“They will indicate the use of OMO (open market operations) to provide liquidity,” he said. Sabnavis expects a 25-bps hike in the repo rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The latent liquidity, which is believed to be between Rs 3.5 trillion and Rs 4 trillion in the form of government balances with the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e, has been highlighted by economists despite the fact that system liquidity has nominally declined far below Rs 1 trillion. As a result, the MPC's decisions may be influenced by the government's predicted spending behaviour.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rate-setting committee may take note of worries about the external environment as consumer inflation shows signs of slowing down. The dollar has been strengthening as the US \u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-hikes-interest-rate-by-75-basis-points-to-fight-inflation-711312/\\\\\\\"\u003eFederal Reserve raises interest rates\u003c/a\u003e, putting pressure on the rupee, which has already crossed the 80-mark against the greenback.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"barclays","slug":"barclays","id":"aFml5jUIYuwc","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T09:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) is expected to hike the repo rate by 35-50 basis points (bps) during its policy meeting this week, according to most economists. The monetary policy committee (MPC) will meet from August 3 to 5. Also Read| RBI MPC meet: When and where to watch RBI Governor's address live,Analysts expect the MPC to cut its inflation projection for FY23 to 6.7% from 7.01% since consumer price inflation (CPI) fell to 7.01% in June. Inflation looks to have peaked, the governor of the Reserve Bank of India, Shaktikanta Das, stated earlier this month, but he also cautioned that despite June's softening trends, commodity prices remain high. Also Read | RBI expected to hike interest rate by 35-50 bps,According to analysts, the gradual tightening of liquidity conditions in the banking sector over the last several weeks is aiding a speedier achievement of the central bank's policy aims, and this might entail a shorter rate-hiking cycle than previously predicted. Also Read| Why RBI would be pushed to hike interest rates,According to Rahul Bajoria, MD and chief India economist at Barclays, system liquidity has fallen below the central bank's targeted 1.5% of net demand and time liabilities (NDTL), causing a jump in the short-term money market rates. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,“Liquidity shrinkage and external benchmarking of loans continue to fuel the faster and complete transmission of rate hikes. That should make the MPC’s job easier, as it negates the need for a higher terminal rate,” he said. Madan Sabnavis, the chief economist of the Bank of Baroda (BoB), believes the MPC would back down from its commitment to withdraw accommodation because there is now insufficient liquidity. Also Read | Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,“They will indicate the use of OMO (open market operations) to provide liquidity,” he said. Sabnavis expects a 25-bps hike in the repo rate. The latent liquidity, which is believed to be between Rs 3.5 trillion and Rs 4 trillion in the form of government balances with the RBI, has been highlighted by economists despite the fact that system liquidity has nominally declined far below Rs 1 trillion. As a result, the MPC's decisions may be influenced by the government's predicted spending behaviour. Also Read | Explained: Changes in repo rates and their impact on stock market,The rate-setting committee may take note of worries about the external environment as consumer inflation shows signs of slowing down. The dollar has been strengthening as the US Federal Reserve raises interest rates, putting pressure on the rupee, which has already crossed the 80-mark against the greenback.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MPC,The Reserve Bank of India,the Reserve Bank of India,Shaktikanta Das,India,Barclays,Madan Sabnavis,the Bank of Baroda,RBI,Federal Reserve,RBI MPC, CPI, Consumer price inflation, India inflation","originalPublishedOn":"2022-08-02T15:12:08+05:30"}},{"node":{"id":"Ul7lpvSYTvEb","slug":"english/why-rbi-would-be-pushed-to-hike-interest-rates","slugV2":"business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/","title":"Why RBI would be pushed to hike interest rates","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI increased the repo rate by 50 basis points on June 8. (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:18:50+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI may raise the repo rate by 35-50 basis points during its meeting this week\u003c/li\u003e\n \u003cli\u003eInflation has been over the RBI's upper tolerance level of 6% for the past six months\u003c/li\u003e\n \u003cli\u003eHowever, inflation has slowed since the RBI began raising the policy rates in May\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659685728312,\\\"strCount\\\":3066,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Monetary Policy Committee (MPC) of the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI) will meet from August 3 to 5. The RBI governor, \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, is expected to announce policy decisions on Friday, August 5. The RBI’s focus on the withdrawal of its \u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative policy\u003c/a\u003e\u0026nbsp;in response to rising inflation is expected to lead to a further rise in interest rates in the banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI MPC meet: When and where to watch RBI Governor's address live\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI may raise the repo rate by 35-50 basis points, according to analysts. The objective of this is to curb inflation, which has been over the RBI's upper tolerance level of 6% for the past six months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Additionally, for the past three months, inflation has been above 7%. The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price index\u003c/a\u003e (CPI)-based inflation rate was 7.01% in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, inflation has slowed since the RBI began raising the policy rates in May. In an unexpected move, the RBI raised the benchmark interest rate by 40 basis points on May 4.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"CPI inflation for April was 7.79% prior to the policy announcement. In May, inflation fell marginally to 7.04%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI increased the repo rate by 50 basis points on June 8. The cash reserve ratio (CRR) was also increased to 4.5% from 4% previously. Consequently, a number of banks raised their interest rates on saving accounts and fixed deposits (FDs). In June, \u003ca href=\\\\\\\"https://opoyi.com/business/retail-inflation-drops-marginally-to-701-percent-in-june-699528/\\\\\\\"\u003einflation fell\u003c/a\u003e further to 7.01%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, as the \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e war entered its sixth month, oil and other commodity prices remained high. Brent crude oil was priced at $102.9 per barrel on August 1.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve of the United States has maintained its hawkish stance. Fed Chair \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-jerome-powell-302598/\\\\\\\"\u003eJerome Powell\u003c/a\u003e raised interest rates by 75 basis points in his policy announcement on July 28. The RBI is also anticipated to adopt a similar approach, but the increase may not be as big.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T09:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet from August 3 to 5. The RBI governor, Shaktikanta Das, is expected to announce policy decisions on Friday, August 5. The RBI’s focus on the withdrawal of its accommodative policy in response to rising inflation is expected to lead to a further rise in interest rates in the banking system. Also Read| RBI MPC meet: When and where to watch RBI Governor's address live,The RBI may raise the repo rate by 35-50 basis points, according to analysts. The objective of this is to curb inflation, which has been over the RBI's upper tolerance level of 6% for the past six months. Also Read | RBI expected to hike interest rate by 35-50 bps,Additionally, for the past three months, inflation has been above 7%. The consumer price index (CPI)-based inflation rate was 7.01% in June. However, inflation has slowed since the RBI began raising the policy rates in May. In an unexpected move, the RBI raised the benchmark interest rate by 40 basis points on May 4. CPI inflation for April was 7.79% prior to the policy announcement. In May, inflation fell marginally to 7.04%. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,The RBI increased the repo rate by 50 basis points on June 8. The cash reserve ratio (CRR) was also increased to 4.5% from 4% previously. Consequently, a number of banks raised their interest rates on saving accounts and fixed deposits (FDs). In June, inflation fell further to 7.01%. However, as the Ukraine war entered its sixth month, oil and other commodity prices remained high. Brent crude oil was priced at $102.9 per barrel on August 1. Also Read | Explained: Changes in repo rates and their impact on stock market,The Federal Reserve of the United States has maintained its hawkish stance. Fed Chair Jerome Powell raised interest rates by 75 basis points in his policy announcement on July 28. The RBI is also anticipated to adopt a similar approach, but the increase may not be as big.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"RBI,The Monetary Policy Committee,the Reserve Bank of India,Shaktikanta Das,Ukraine,the United States,Fed,Jerome Powell, RBI monetary policy, stock market, Inflation, India inflation,RBI MPC august","originalPublishedOn":"2022-08-02T15:56:29+05:30"}},{"node":{"id":"k67u4uHVGcfJ","slug":"english/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live","slugV2":"business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/","title":"RBI MPC meet: When and where to watch RBI Governor's address live","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"In June, the RBI MPC raised the policy repo rate by 50 basis points to 4.9%. (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T07:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI said the decision of the MPC will be announced on August 5\u003c/li\u003e\n \u003cli\u003eIt is likely to hike the repo rate by 35-50 basis points\u003c/li\u003e\n \u003cli\u003eThe announcements will be made by RBI Governor Shaktikanta Das on Friday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659665053466,\\\"strCount\\\":2893,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e had rescheduled the meeting of its rate-setting \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee\u003c/a\u003e by a day to August 3 due to some administrative exigencies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e said the decision of the MPC will be announced on August 5 against the earlier schedule of August 4.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Due to administrative exigencies, it has been decided to reschedule the MPC meeting from August 2-4, 2022 to August 3-5, 2022,” RBI said in a statement. The announcement is being made under Section 45ZI (4) of the Reserve Bank of India Act, 1934, RBI Chief General Manager Yogesh Dayal said.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"others\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eMeeting of the Monetary Policy Committee – Rescheduling \u003ca href=\\\\\\\"https://twitter.com/hashtag/RBItoday?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#RBItoday\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/RBIgovernor?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#RBIgovernor\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/monetaryPolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#monetaryPolicy\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/U71CK5zzyH\\\\\\\"\u003ehttps://t.co/U71CK5zzyH\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1550080934384648193?ref_src=twsrc%5Etfw\\\\\\\"\u003eJuly 21, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eMeeting of the Monetary Policy Committee – Rescheduling \u003ca href=\\\\\\\"https://twitter.com/hashtag/RBItoday?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#RBItoday\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/RBIgovernor?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#RBIgovernor\u003c/a\u003e \u003ca href=\\\\\\\"https://twitter.com/hashtag/monetaryPolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#monetaryPolicy\u003c/a\u003e \u003ca href=\\\\\\\"https://t.co/U71CK5zzyH\\\\\\\"\u003ehttps://t.co/U71CK5zzyH\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1550080934384648193?ref_src=twsrc%5Etfw\\\\\\\"\u003eJuly 21, 2022\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI is likely to hike the repo rate by 35-50 basis points during its upcoming monetary policy meeting, according to most economists.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The announcements will be made by RBI Governor Shaktikanta Das on Friday, August 5, 2022. His address and post-policy conference will be aired live on RBI’s official \u003ca href=\\\\\\\"https://opoyi.com/topics/youtube/\\\\\\\"\u003eYouTube\u003c/a\u003e channel.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/2VXCSN9Ypes\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/2VXCSN9Ypes\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Post policy press conference will be aired live on Youtube at 12:00 noon on the same day.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/Koxi9RMCsvo\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/Koxi9RMCsvo\\\\\\\" title=\\\\\\\"YouTube video player\\\\\\\" frameborder=\\\\\\\"0\\\\\\\" allow=\\\\\\\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\\\\\\\" allowfullscreen\u003e\u003c/iframe\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Monetary Policy Committee meets once every two months. In the previous meeting held from June 6 to 8, the RBI MPC decided to raise the policy repo rate by 50 basis points to 4.9% and also raised the inflation projection for the current financial year to 6.7%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-rbi-mpc-meet-quarterly-results-to-weigh-on-sensex-nifty-714406/\\\\\\\"\u003eWeek ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC announced the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The rate-setting panel, headed by \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eRBI Governor Shaktikanta Das\u003c/a\u003e, has two representatives from the central bank and three external members.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retail inflation based on \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e, which RBI factors in while arriving at its monetary policy, is above 6% since January 2022. It was 7.01% in June. The central government has directed the RBI to ensure that inflation remains at 4% with a margin of 2% on either side.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"RBIGovernor","slug":"rbigovernor","id":"fbOGTq2WSmtE","isSection":0},{"name":"YouTube","slug":"youtube","id":"TbAHiTPPrQfl","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-05T07:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) had rescheduled the meeting of its rate-setting Monetary Policy Committee by a day to August 3 due to some administrative exigencies. The RBI said the decision of the MPC will be announced on August 5 against the earlier schedule of August 4. Also Read | Why RBI would be pushed to hike interest rates,“Due to administrative exigencies, it has been decided to reschedule the MPC meeting from August 2-4, 2022 to August 3-5, 2022,” RBI said in a statement. The announcement is being made under Section 45ZI (4) of the Reserve Bank of India Act, 1934, RBI Chief General Manager Yogesh Dayal said. The RBI is likely to hike the repo rate by 35-50 basis points during its upcoming monetary policy meeting, according to most economists. Also Read | RBI expected to hike interest rate by 35-50 bps,The announcements will be made by RBI Governor Shaktikanta Das on Friday, August 5, 2022. His address and post-policy conference will be aired live on RBI’s official YouTube channel. Post policy press conference will be aired live on Youtube at 12:00 noon on the same day. The Monetary Policy Committee meets once every two months. In the previous meeting held from June 6 to 8, the RBI MPC decided to raise the policy repo rate by 50 basis points to 4.9% and also raised the inflation projection for the current financial year to 6.7%. Also Read | Week ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty,The MPC announced the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The rate-setting panel, headed by RBI Governor Shaktikanta Das, has two representatives from the central bank and three external members. Also Read | Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The retail inflation based on Consumer Price Index (CPI), which RBI factors in while arriving at its monetary policy, is above 6% since January 2022. It was 7.01% in June. The central government has directed the RBI to ensure that inflation remains at 4% with a margin of 2% on either side.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"RBI,Shaktikanta Das,Monetary Policy Committee,Section 45ZI,the Reserve Bank of India Act,Yogesh Dayal,The Monetary Policy Committee,MPC,Reserve Bank of India,RBI MPC meeting, RBI MPC, RBI MPC meeting august","originalPublishedOn":"2022-08-03T13:09:18+05:30"}},{"node":{"id":"zHzGmeD9sZ6c","slug":"english/closing-bell-sensex-falls-52-points-nifty-down-6-points-ahead-of-mpc-meet","slugV2":"business/closing-bell-sensex-falls-52-points-nifty-down-6-points-ahead-of-mpc-meet-717834/","title":"Closing Bell: Sensex falls 52 points, Nifty down 6 points ahead of MPC meet","postType":1,"coverMedia":"/opoyi_B5BNpmKjI.jpg","coverCaption":"Brent crude slipped 0.28% to $96.51 per barrel (Photo Credits: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-04T16:44:32+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 51.73 points or 0.09% to close at 58,298.80\u003c/li\u003e\n \u003cli\u003eNifty dipped 6.15 points or 0.04% to settle at 17,382\u003c/li\u003e\n \u003cli\u003eThe rupee depreciated 17 paise to close at 79.32 against the US dollar\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659611669779,\\\"strCount\\\":4306,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/india/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks broke their six-session rally to\\\\nclose marginally lower on Thursday amid profit booking in banking and energy\\\\ncounters. Investors also stayed on the sidelines ahead of the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI's policy\\\\nmeeting\u003c/a\u003e outcome on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a volatile session, the Sensex fell 51.73 points or\\\\n0.09% to close at 58,298.80. During the day, it touched a low of 57,577.05 and\\\\na high of 58,712.66.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader NSE Nifty dipped 6.15 points or 0.04% to settle\\\\nat 17,382.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/zilingo-timeline-rise-and-fall-of-the-fashion-ecommerce-startup-717666/\\\\\\\"\u003eZilingo timeline: Rise and fall of the fashion ecommerce startup\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Profit-taking finally came into play after 6-session\\\\ngains, as rate-sensitive sectors like banking and realty faltered ahead of the\\\\nRBI's policy meet the outcome on Friday. Key indices pared most of their losses\\\\ntowards the end as strength in other \u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e and European indices aided\\\\nsentiment,\\\\\\\" said Shrikant Chouhan, Head of Equity Research (Retail), Kotak\\\\nSecurities Ltd..\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/gold-silver-and-other-metal-prices-on-thursday-august-4-2022-717673/\\\\\\\"\u003eGold, silver and other metal prices on Thursday, August 4, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Midcap\\\\nindex up by 0.29%, while the Small cap index was up by 0.25%. The top gaining\\\\nsectoral indices on the BSE were \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e up by 1.93%, IT up by 1.23%, TECK\\\\nup by 1.05%, Metal up by 1.01%, and Consumer Durables up by 0.68%, while Telecom\\\\ndown by 1.14%, Realty down by 1.11%, PSU down by 1.05%, Bankex down by 0.71%\\\\nand Utilities down by 0.70% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-is-walmart-laying-off-200-workers-717510/\\\\\\\"\u003eWhy is Walmart laying off 200 workers?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major laggards from the Sensex pack were NTPC down by\\\\n3.10%, SBI down by 1.46%, \u003ca href=\\\\\\\"https://opoyi.com/business/5g-spectrum-auction-concludes-reliance-jio-biggest-acquirer-715205/\\\\\\\"\u003eReliance \u003c/a\u003edown by 1.32%, Axis Bank down by 1.17%,\\\\nPower Grid Corp down by 1.10%, Kotak Mahindra down by 0.88%, IndusInd Bank down\\\\nby 0.77% and \u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-q1-results-net-profit-rose-22-to-rs-3669-crore-712988/\\\\\\\"\u003eHDFC \u003c/a\u003edown by 0.68%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among the gainers were Sun Pharma up by 2.46%, \u003ca href=\\\\\\\"https://opoyi.com/topics/nestle/\\\\\\\"\u003eNestle\u003c/a\u003e up by\\\\n2.39%, Infosys up by 2.20%, Dr. Reddy’s Labs up by 1.33%, and Wipro up by\\\\n0.76%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee depreciated 17 paise to close at 79.32 against\\\\nthe \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e dollar.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Taking positive momentum from the robust US economic\\\\ndata, the domestic market opened with gains, while worries over the US-China\\\\nconflict kept investors on the defensive, leading to heavy volatility. Weak PMI\\\\nand trade deficit data witnessed downside pressure on the Indian rupee and\\\\nequity market,\\\\\\\" said Vinod Nair, Head of Research at Geojit Financial\\\\nServices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-functioning-of-rbis-monetary-policy-committee-716546/\\\\\\\"\u003eExplained: Functioning of RBI’s Monetary Policy Committee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In Asian markets, Seoul, \u003ca href=\\\\\\\"https://opoyi.com/topics/tokyo/\\\\\\\"\u003eTokyo\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topics/shanghai/\\\\\\\"\u003eShanghai\u003c/a\u003e, and Hong Kong\\\\nended in the green.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European stock markets were trading mostly higher during\\\\nmid-session deals. The US stock markets had ended significantly higher on\\\\nWednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eIndia does not have problems like Sri Lanka, Pakistan: Raghuram Rajan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Brent crude, the international oil benchmark slipped 0.28%\\\\nto $96.51 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to stock exchange data, foreign institutional\\\\ninvestors remained net buyers in the capital markets as they bought shares\\\\nworth Rs 765.17 crore on Wednesday.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ClosingBell","slug":"closingbell","id":"Rt7OWl3ugE5l","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"Nestle","slug":"nestle","id":"XdSP1y035Mw0","isSection":0},{"name":"Seoul","slug":"seoul","id":"IKa02lK4rMhn","isSection":0},{"name":"Tokyo","slug":"tokyo","id":"Ee9xq687hhH0","isSection":0},{"name":"Shanghai","slug":"shanghai","id":"xMXKjwe1VUvc","isSection":0},{"name":"HongKong","slug":"hongkong","id":"NjExvisxSkdf","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-04T16:44:28+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks broke their six-session rally to close marginally lower on Thursday amid profit booking in banking and energy counters. Investors also stayed on the sidelines ahead of the RBI's policy meeting outcome on Friday. In a volatile session, the Sensex fell 51.73 points or 0.09% to close at 58,298.80. During the day, it touched a low of 57,577.05 and a high of 58,712.66. The broader NSE Nifty dipped 6.15 points or 0.04% to settle at 17,382. Also Read | Zilingo timeline: Rise and fall of the fashion ecommerce startup,Profit-taking finally came into play after 6-session gains, as rate-sensitive sectors like banking and realty faltered ahead of the RBI's policy meet the outcome on Friday. Key indices pared most of their losses towards the end as strength in other Asian and European indices aided sentiment, said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.. Also Read | Gold, silver and other metal prices on Thursday, August 4, 2022,The broader indices ended in green with the BSE Midcap index up by 0.29%, while the Small cap index was up by 0.25%. The top gaining sectoral indices on the BSE were Healthcare up by 1.93%, IT up by 1.23%, TECK up by 1.05%, Metal up by 1.01%, and Consumer Durables up by 0.68%, while Telecom down by 1.14%, Realty down by 1.11%, PSU down by 1.05%, Bankex down by 0.71% and Utilities down by 0.70% were the top losing indices on BSE. Also Read | Why is Walmart laying off 200 workers?,Major laggards from the Sensex pack were NTPC down by 3.10%, SBI down by 1.46%, Reliance down by 1.32%, Axis Bank down by 1.17%, Power Grid Corp down by 1.10%, Kotak Mahindra down by 0.88%, IndusInd Bank down by 0.77% and HDFC down by 0.68%. Among the gainers were Sun Pharma up by 2.46%, Nestle up by 2.39%, Infosys up by 2.20%, Dr. Reddy’s Labs up by 1.33%, and Wipro up by 0.76%. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,The rupee depreciated 17 paise to close at 79.32 against the US dollar. Taking positive momentum from the robust US economic data, the domestic market opened with gains, while worries over the US-China conflict kept investors on the defensive, leading to heavy volatility. Weak PMI and trade deficit data witnessed downside pressure on the Indian rupee and equity market, said Vinod Nair, Head of Research at Geojit Financial Services. Also Read | Explained: Functioning of RBI’s Monetary Policy Committee,In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong ended in the green. European stock markets were trading mostly higher during mid-session deals. The US stock markets had ended significantly higher on Wednesday. Also Read | India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan,Brent crude, the international oil benchmark slipped 0.28% to $96.51 per barrel. According to stock exchange data, foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 765.17 crore on Wednesday.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Sensex,US,RBI,Kotak Securities Ltd.,Healthcare,Bankex,Utilities,Axis Bank,Power Grid Corp,IndusInd Bank","originalPublishedOn":"2022-08-04T16:44:28+05:30"}},{"node":{"id":"wM5FVDTrDBR5","slug":"english/trade-setup-top-14-things-to-know-before-market-opens-on-august-4-2022","slugV2":"business/trade-setup-top-14-things-to-know-before-market-opens-on-august-4-2022-717498/","title":"Trade Setup: Top 14 things to know before market opens on August 4, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in green with the BSE mid-cap index increasing 0.60%, while small-cap index was up by 0.28% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-04T07:02:42+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 214.17 points, 0.37%, to 58,350.53 while the Nifty was up by 42.70 points, 0.25%, to 17,388.15\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 0.43% to 18.45 on Wednesday\u003c/li\u003e\n \u003cli\u003eNasdaq Composite rose 319.40 points or 2.59% to 12,668.16\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659576759444,\\\"strCount\\\":9178,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In volatile trading session, Indian \u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-jumps-214-points-nifty-up-42-points-ahead-of-mpc-meet-716955/\\\\\\\"\u003eequity benchmarks\u003c/a\u003e erased\\\\ninitial losses and ended in green terrain on Wednesday, amid continuous foreign\\\\nfund inflows and a largely positive trend in global markets.\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty Bank needs to take out 38,200 decisively for the\\\\ncontinuation of an uptrend towards the 38,500-38,700 zone, said Kunal Shah,\\\\nSenior Technical Analyst at LKP Securities. \\\\\\\"A breach of support at 37,500\\\\nwill lead to further selling pressure towards 37,000 in the Nifty Bank,\\\\\\\"\\\\nsaid Shah, who believes the banking index will only give a clear direction\\\\nafter the RBI's upcoming policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/\\\\\\\"\u003eIndia does not have problems like Sri Lanka, Pakistan: Raghuram Rajan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/closingbell\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex rose 214.17 points, 0.37%, to 58,350.53 while\\\\nthe Nifty was up by 42.70 points, 0.25%, to 17,388.15 at close of trading on Wednesday.\\\\nThe Sensex moved in a high and low band of 58,415.63 and 57,788.78. There were 18\\\\nstocks advancing against 12 declining stocks on the index. The Nifty traded in\\\\na range of 17,407.50 and 17,225.85. There were 25 stocks advancing against 25\\\\nstocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-when-and-where-to-watch-rbi-governors-address-live-716549/\\\\\\\"\u003eRBI MPC meet: When and where to watch RBI Governor's address live\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE mid-cap\\\\nindex increasing 0.60%, while small-cap index was up by 0.28%. On the sectoral\\\\nfront, IT was up by 1.28% and TECK was up by 1.13%, while Telecom down by 1.26%,\\\\nCapital Goods down by 0.82%, Auto down by 0.78%, Realty down by 0.73%,\\\\n\u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e down by 0.65% were the losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/5g-spectrum-auction-concludes-reliance-jio-biggest-acquirer-715205/\\\\\\\"\u003e5G spectrum auction concludes, Reliance Jio biggest acquirer\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of\\\\nvolatility over the near term, fell 0.43% to 18.45 on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,273,\\\\nfollowed by 17,159. If the index moves up, the key resistance levels to watch\\\\nout for are 17,455 and 17,522, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-rbi-mpc-meet-quarterly-results-to-weigh-on-sensex-nifty-714406/\\\\\\\"\u003eWeek ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/nasdaq\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 63.98 points or 1.56% to 4,155.17.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 416.33 points or 1.29%\\\\nto 32,812.50.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq Composite rose 319.40 points or 2.59% to 12,668.16.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 26.48\\\\npoints or 1.41% to 1,908.93.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets ended mostly higher on Wednesday. The Nikkei\\\\n225 rose 0.53%, the Hang Seng rose 0.40%, the KOSPI Composite rose 0.89%, while\\\\nthe Shanghai Composite fell 0.71%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/recession-fear-grips-the-us-after-economy-shrinks-for-2nd-quarter-712363/\\\\\\\"\u003eRecession fear grips the US after economy shrinks for 2nd quarter\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended mostly higher on Wednesday. France's\\\\nCAC 40 was up by 0.97%, Germany’s DAX was up by 1.03% and London's FTSE 100 was\\\\nup by 0.49%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI MPC meet begins today; analysts expect 50\\\\nbps interest rate hike\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The three-day Monetary Policy Committee (MPC) meeting is\\\\nset to begin on August 3 and will be chaired by \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor Shaktikanta Das\\\\nand other MPC members. The MPC's decision on the bi-monthly monetary policy for\\\\nFY23 will be made public on August 5. The most pressing concern is inflation,\\\\nwhich has hit multi-year highs and is putting pressure on major central banks\\\\nacross the globe to hike interest rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/yang-huiyan-asias-richest-woman-loses-half-her-fortune-711821/\\\\\\\"\u003eYang Huiyan, Asia’s richest woman, loses half her fortune\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India began the rate hike cycle this\\\\nyear with a surprise 40-basis-point rise in the repo rate in May and another of\\\\n50 basis points in June. Currently, the Central Bank has raised the repo rate\\\\nby 90 basis points, whereas the US Fed has raised its key rate by 225 basis\\\\npoints to fight rising inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eVodafone Idea Q1 Results: Net loss narrows to\\\\nRs 7,297 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The telecom operator has reported a loss of Rs 7,296.7\\\\ncrore for the quarter ended June 30, 2022, against a loss of Rs 6,563.1 crore\\\\nin the previous quarter following a hike in interest and financing costs and\\\\nEBIT loss. Revenue from operations surged by 1.6% quarter-on-quarter to Rs\\\\n10,410.10 crore for the reported quarter. EBITDA declined by 7% from the\\\\nprevious quarter to Rs 4,328.4 crore. EBITDA margin declined by 380 basis\\\\npoints quarter-on-quarter to 41.6% for the first quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInterGlobe Aviation Q1 Results: Net loss narrows\\\\nto Rs 1,064 crore, revenue surges 328%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The aviation major recorded a net loss of Rs 1,064.3 crore\\\\nfor the quarter ended June 30, 2022, which narrowed from a loss of Rs 3,174.2\\\\ncrore in the same quarter of fiscal 2022 as the year-ago quarter was affected\\\\nby the second Covid wave. Revenue rose by 327.5% to Rs 12,855.3 crore during\\\\nthe same period. EBITDAR stood at Rs 716.9 crore with an EBITDAR margin of 5.6%\\\\nimproved significantly compared to a negative EBITDAR of Rs 1,360.2 crore with\\\\na negative EBITDAR margin of 45.2% in the year-ago period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAdani Wilmar Q1 Results: Net profit rises 10%\\\\nto Rs 194 crore on higher sales\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company reported a 10.2% year-on-year growth in\\\\nconsolidated profit at Rs 193.59 crore for the first quarter of fiscal 2023 on\\\\nstring growth in the top line. Revenue surged 30.2% year-on-year to Rs\\\\n14,731.62 crore during the same period with overall volumes rising 15%\\\\nyear-on-year to 1.19 MMT. EBITDA increased by 14% year-on-year to Rs 496 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/bulkdeal\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sixth Sense India Opportunities bought 1,50,000 shares in ADF Foods\\\\nLimited at Rs 710.05 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNse\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Yuga Stocks and Commodities Private Limited bought 1,00,000 shares\\\\nin Agni Green Power Limited at Rs 28.90 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IndusInd Bank Limited sold 8,01,168 shares in Agni Green Power\\\\nLimited at Rs 5.59 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Norges Bank on account of the Government Pension Fund Global sold 31,63,054\\\\nshares in EPL Limited for Rs 168.02 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-us-housing-market-entering-a-recession-means-711205/\\\\\\\"\u003eWhat US housing market entering a recession means\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ketan V Thakkar sold 23,80,000 shares in Indiabulls Housing Finance\\\\nLimited for 118.76 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Deepa Devi bought 50,663 shares in Kshitij Polyline Limited for 43.34\\\\nper share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Victus Enterprise LLP sold 2,15,000 shares in Likhitha Infrastructure\\\\nLimited for 284.30 per share on the Nse. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Niraj Rajnikant Shah sold 3,70,812 shares in Moksh Ornaments\\\\nLimited for 16.81 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/is-it-better-to-invest-in-real-estate-during-surging-inflation-711166/\\\\\\\"\u003eIs it better to invest in real estate during surging inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/fiianddii\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) have net bought\\\\nshares worth Rs 765.17 crore, whereas domestic institutional investors (DIIs)\\\\nnet sold shares worth Rs 518.42 crore on August 3, as per provisional data\\\\navailable on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fed-rate-hike-sees-us-stocks-jump-while-tech-shares-surge-711523/\\\\\\\"\u003eFed rate hike sees US stocks jump while tech shares surge\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/foban\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Escorts has been placed under the F\u0026amp;O ban for August 4.\\\\nSecurities in the ban period under the F\u0026amp;O segment include companies in\\\\nwhich the security has crossed 95% of the market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-04T07:02:38+05:30","publisher":0,"sourceFeed":null,"cleanText":"In volatile trading session, Indian equity benchmarks erased initial losses and ended in green terrain on Wednesday, amid continuous foreign fund inflows and a largely positive trend in global markets. The Nifty Bank needs to take out 38,200 decisively for the continuation of an uptrend towards the 38,500-38,700 zone, said Kunal Shah, Senior Technical Analyst at LKP Securities. A breach of support at 37,500 will lead to further selling pressure towards 37,000 in the Nifty Bank, said Shah, who believes the banking index will only give a clear direction after the RBI's upcoming policy. Also Read | India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan,Indian Indices,The Sensex rose 214.17 points, 0.37%, to 58,350.53 while the Nifty was up by 42.70 points, 0.25%, to 17,388.15 at close of trading on Wednesday. The Sensex moved in a high and low band of 58,415.63 and 57,788.78. There were 18 stocks advancing against 12 declining stocks on the index. The Nifty traded in a range of 17,407.50 and 17,225.85. There were 25 stocks advancing against 25 stocks declining on the index. Also Read | RBI MPC meet: When and where to watch RBI Governor's address live,Broader Indices,The broader indices ended in green with the BSE mid-cap index increasing 0.60%, while small-cap index was up by 0.28%. On the sectoral front, IT was up by 1.28% and TECK was up by 1.13%, while Telecom down by 1.26%, Capital Goods down by 0.82%, Auto down by 0.78%, Realty down by 0.73%, Healthcare down by 0.65% were the losing indices on BSE. Also Read | 5G spectrum auction concludes, Reliance Jio biggest acquirer,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 0.43% to 18.45 on Wednesday. Support and Resistance levels,The key support level for the Nifty is placed at 17,273, followed by 17,159. If the index moves up, the key resistance levels to watch out for are 17,455 and 17,522, according to pivot charts. Also Read | Week ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty,US Markets,The S\u0026P 500 rose 63.98 points or 1.56% to 4,155.17. The Dow Jones Industrial Average rose 416.33 points or 1.29% to 32,812.50. The Nasdaq Composite rose 319.40 points or 2.59% to 12,668.16. The Russell 2000 index of smaller companies fell 26.48 points or 1.41% to 1,908.93. Asian Markets,Asian markets ended mostly higher on Wednesday. The Nikkei 225 rose 0.53%, the Hang Seng rose 0.40%, the KOSPI Composite rose 0.89%, while the Shanghai Composite fell 0.71%. Also Read | Recession fear grips the US after economy shrinks for 2nd quarter,European Markets,European markets ended mostly higher on Wednesday. France's CAC 40 was up by 0.97%, Germany’s DAX was up by 1.03% and London's FTSE 100 was up by 0.49%. Major News Headlines,RBI MPC meet begins today; analysts expect 50 bps interest rate hike,The three-day Monetary Policy Committee (MPC) meeting is set to begin on August 3 and will be chaired by RBI Governor Shaktikanta Das and other MPC members. The MPC's decision on the bi-monthly monetary policy for FY23 will be made public on August 5. The most pressing concern is inflation, which has hit multi-year highs and is putting pressure on major central banks across the globe to hike interest rates. Also Read | Yang Huiyan, Asia’s richest woman, loses half her fortune,The Reserve Bank of India began the rate hike cycle this year with a surprise 40-basis-point rise in the repo rate in May and another of 50 basis points in June. Currently, the Central Bank has raised the repo rate by 90 basis points, whereas the US Fed has raised its key rate by 225 basis points to fight rising inflation. Also Read | How to survive a market crash,Vodafone Idea Q1 Results: Net loss narrows to Rs 7,297 crore,The telecom operator has reported a loss of Rs 7,296.7 crore for the quarter ended June 30, 2022, against a loss of Rs 6,563.1 crore in the previous quarter following a hike in interest and financing costs and EBIT loss. Revenue from operations surged by 1.6% quarter-on-quarter to Rs 10,410.10 crore for the reported quarter. EBITDA declined by 7% from the previous quarter to Rs 4,328.4 crore. EBITDA margin declined by 380 basis points quarter-on-quarter to 41.6% for the first quarter. Also Read | Where to invest during high inflation?,InterGlobe Aviation Q1 Results: Net loss narrows to Rs 1,064 crore, revenue surges 328%,The aviation major recorded a net loss of Rs 1,064.3 crore for the quarter ended June 30, 2022, which narrowed from a loss of Rs 3,174.2 crore in the same quarter of fiscal 2022 as the year-ago quarter was affected by the second Covid wave. Revenue rose by 327.5% to Rs 12,855.3 crore during the same period. EBITDAR stood at Rs 716.9 crore with an EBITDAR margin of 5.6% improved significantly compared to a negative EBITDAR of Rs 1,360.2 crore with a negative EBITDAR margin of 45.2% in the year-ago period. Also Read | Why global economy is not in recession yet,Adani Wilmar Q1 Results: Net profit rises 10% to Rs 194 crore on higher sales,The company reported a 10.2% year-on-year growth in consolidated profit at Rs 193.59 crore for the first quarter of fiscal 2023 on string growth in the top line. Revenue surged 30.2% year-on-year to Rs 14,731.62 crore during the same period with overall volumes rising 15% year-on-year to 1.19 MMT. EBITDA increased by 14% year-on-year to Rs 496 crore. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,Bulk Deal data,Sixth Sense India Opportunities bought 1,50,000 shares in ADF Foods Limited at Rs 710.05 per share on the Nse. Yuga Stocks and Commodities Private Limited bought 1,00,000 shares in Agni Green Power Limited at Rs 28.90 per share on the Nse. IndusInd Bank Limited sold 8,01,168 shares in Agni Green Power Limited at Rs 5.59 per share on the Nse. Norges Bank on account of the Government Pension Fund Global sold 31,63,054 shares in EPL Limited for Rs 168.02 per share on the Nse. Also Read | What US housing market entering a recession means,Ketan V Thakkar sold 23,80,000 shares in Indiabulls Housing Finance Limited for 118.76 per share on the Nse. Deepa Devi bought 50,663 shares in Kshitij Polyline Limited for 43.34 per share on the Nse. Victus Enterprise LLP sold 2,15,000 shares in Likhitha Infrastructure Limited for 284.30 per share on the Nse. ,Niraj Rajnikant Shah sold 3,70,812 shares in Moksh Ornaments Limited for 16.81 per share on the Nse. Also Read | Is it better to invest in real estate during surging inflation?,DII and FII data,Foreign institutional investors (FIIs) have net bought shares worth Rs 765.17 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 518.42 crore on August 3, as per provisional data available on the NSE. Also Read | Fed rate hike sees US stocks jump while tech shares surge,NSE F\u0026O Ban,Escorts has been placed under the F\u0026O ban for August 4. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,Asian,MPC,Agni Green Power Limited,The Nifty Bank,LKP Securities,the Nifty Bank,Healthcare,India,the Singaporean Exchange,US Markets,Russell,Hang Seng,Trade Setup August 4, Trade setup today, stock market, share market, NSE, BSE","originalPublishedOn":"2022-08-04T07:02:38+05:30"}},{"node":{"id":"G0IGycoJ7wVe","slug":"english/rbi-monetary-policy-committee-meet-an-overview","slugV2":"business/rbi-monetary-policy-committee-meet-an-overview-306488/","title":"RBI monetary policy committee meet: An overview","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"Before May 2022, the last time the RBI changed the repo rate was on March 27, 2020 (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T13:07:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI monetary policy committee on August 3 started its three-day deliberations\u003c/li\u003e\n \u003cli\u003eGovernor Das will announce the policy decision on Friday\u003c/li\u003e\n \u003cli\u003eRBI is expected to hike the repo rate by 35-50 basis points\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659512733518,\\\"strCount\\\":5371,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eReserve Bank of India’s \u003c/a\u003e(RBI) monetary policy committee\\\\n(MPC) started its three-day deliberations on August 3, amid expectations of\\\\nanother round of hikes in policy lending rates to contain inflation. The\\\\nsix-member committee, headed by RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, will announce the\\\\npolicy decision on Friday. The \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI is expected\u003c/a\u003e to hike the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e by 35-50\\\\nbasis points (bps) during its policy meeting started from August 3 to 5. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the previous meeting, which was held from June 6 to June\\\\n8, the RBI increased the repo rate by 50 bps to 4.90%. The standing deposit\\\\nfacility (SDF) rate was adjusted to 4.65% and the marginal standing facility\\\\n(MSF) rate and the Bank Rate to 5.15%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In May month’s unscheduled meeting, the RBI increased the\\\\nrepo rate by 40 basis points (bps). Before May 2022, the last time the RBI changed\\\\nthe repo rate was on March 27, 2020, during the first wave of the COVID-19\\\\npandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the highly anticipated meeting heads to a conclusion,\\\\nhere is an overview of what happened in the last nine MPC meetings:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eJune 6- June 8, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 36th MPC meeting commenced from June 6 to June 8. RBI\\\\nGovernor Shaktikanta Das announced a 50 basis points hike in the policy repo\\\\nrate to 4.90%. The monetary policy committee's decision was unanimous and it\\\\nhad decided to keep the stance of \\\\\\\"withdrawal from accommodative\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMay 2- May 4, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 35th off-cycle MPC meeting commenced from May 2 to May 4. Governor Shaktikanta Das announced a \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\\\\\"\u003e40 basis points hike\u003c/a\u003e in the policy \u003ca href=\\\\\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\\\\\"\u003erepo rate\u003c/a\u003e to 4.40%. The rate hike was announced to ensure that inflation stays within the RBI tolerance level as well as to support growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/liquidity-tightening-expected-with-rbi-rate-hike-on-june-8\\\\\\\"\u003eLiquidity tightening expected with RBI rate hike on June 8\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eApril 6- April 8, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The first MPC meeting for fiscal 2022-23 was held from April 6 to April 8. During the 34th meet, the MPC kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0%. The committee also maintained an accommodative stance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eFebruary 8- February 10, 2022\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 33rd MPC meeting was held from February 8 to February 10. The rate-setting panel reviewed surveys conducted by the RBI to measure consumer confidence. While maintaining its \u003ca href=\\\\\\\"https://opoyi.com/english/explained-difference-between-rbis-accommodative-neutral-hawkish-stance\\\\\\\"\u003eaccommodative stance\u003c/a\u003e, the MPC announced that the policy repo rate would remain unchanged at 4.0%. The reverse repo rate also remained the same at 3.35%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/week-ahead-rbi-policy-global-indications-to-weigh-on-sensex-nifty\\\\\\\"\u003eWeek ahead: RBI policy, global indications to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDecember 6 - December 8, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a meeting held from December 6 to December 8, 2021, the rate-setting panel discussed the macroeconomic projections of RBI staff. Based on evaluation and assessment, the committee decided to keep the policy repo rate unchanged at 4.0%. The \u003ca href=\\\\\\\"https://opoyi.com/english/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates\\\\\\\"\u003ereverse repo rate\u003c/a\u003e also remained unchanged and the bank rate was kept unaltered at 4.25%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eOctober 6 - October 8, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC kept the policy repo rate unchanged at 4.00% while maintaining its accommodative stance to mitigate the impact of Covid-19 on the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/walmart-heir-rob-walton-could-buy-denver-broncos-for-45-billion-report\\\\\\\"\u003eWalmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAugust 4 - August 6, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the 30th MPC meeting, the Reserve Bank of India's rate-setting panel announced that the policy repo rate would remain unchanged at 4.0%, along with the Bank Rate at 4.25%. The decision was announced to ensure that inflation remained within target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eJune 2- June 4, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC kept the repo rate unchanged at 4.00% and the marginal standing facility rate was also unchanged at 4.25%. The MPC said it would achieve its medium-term target for the Consumer Price Index (CPI).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/english/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eApril 5- April 7, 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The MPC decided to keep the repo rate unchanged at 4.0% in the 28th meeting. The reverse repo rate was also unchanged at 3.35%. The objective of keeping the repo rate unchanged was to ensure economic growth amid the backdrop of the COVID-19 pandemic.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-03T13:15:30+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s (RBI) monetary policy committee (MPC) started its three-day deliberations on August 3, amid expectations of another round of hikes in policy lending rates to contain inflation. The six-member committee, headed by RBI Governor Shaktikanta Das, will announce the policy decision on Friday. The RBI is expected to hike the repo rate by 35-50 basis points (bps) during its policy meeting started from August 3 to 5. ,In the previous meeting, which was held from June 6 to June 8, the RBI increased the repo rate by 50 bps to 4.90%. The standing deposit facility (SDF) rate was adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. Also Read | Harshad Mehta scam: How Big Bull shook the Indian stock market,In May month’s unscheduled meeting, the RBI increased the repo rate by 40 basis points (bps). Before May 2022, the last time the RBI changed the repo rate was on March 27, 2020, during the first wave of the COVID-19 pandemic. As the highly anticipated meeting heads to a conclusion, here is an overview of what happened in the last nine MPC meetings:,June 6- June 8, 2022,The 36th MPC meeting commenced from June 6 to June 8. RBI Governor Shaktikanta Das announced a 50 basis points hike in the policy repo rate to 4.90%. The monetary policy committee's decision was unanimous and it had decided to keep the stance of withdrawal from accommodative. May 2- May 4, 2022,The 35th off-cycle MPC meeting commenced from May 2 to May 4. Governor Shaktikanta Das announced a 40 basis points hike in the policy repo rate to 4.40%. The rate hike was announced to ensure that inflation stays within the RBI tolerance level as well as to support growth. Also Read | Liquidity tightening expected with RBI rate hike on June 8,April 6- April 8, 2022,The first MPC meeting for fiscal 2022-23 was held from April 6 to April 8. During the 34th meet, the MPC kept the repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0%. The committee also maintained an accommodative stance. February 8- February 10, 2022,The 33rd MPC meeting was held from February 8 to February 10. The rate-setting panel reviewed surveys conducted by the RBI to measure consumer confidence. While maintaining its accommodative stance, the MPC announced that the policy repo rate would remain unchanged at 4.0%. The reverse repo rate also remained the same at 3.35%. Also Read | Week ahead: RBI policy, global indications to weigh on Sensex, Nifty,December 6 - December 8, 2021,In a meeting held from December 6 to December 8, 2021, the rate-setting panel discussed the macroeconomic projections of RBI staff. Based on evaluation and assessment, the committee decided to keep the policy repo rate unchanged at 4.0%. The reverse repo rate also remained unchanged and the bank rate was kept unaltered at 4.25%. October 6 - October 8, 2021,The MPC kept the policy repo rate unchanged at 4.00% while maintaining its accommodative stance to mitigate the impact of Covid-19 on the economy. Also Read | Walmart heir Rob Walton could buy Denver Broncos for $4.5 billion: Report,August 4 - August 6, 2021,In the 30th MPC meeting, the Reserve Bank of India's rate-setting panel announced that the policy repo rate would remain unchanged at 4.0%, along with the Bank Rate at 4.25%. The decision was announced to ensure that inflation remained within target. June 2- June 4, 2021,The MPC kept the repo rate unchanged at 4.00% and the marginal standing facility rate was also unchanged at 4.25%. The MPC said it would achieve its medium-term target for the Consumer Price Index (CPI). Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,April 5- April 7, 2021,The MPC decided to keep the repo rate unchanged at 4.0% in the 28th meeting. The reverse repo rate was also unchanged at 3.35%. The objective of keeping the repo rate unchanged was to ensure economic growth amid the backdrop of the COVID-19 pandemic.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"MPC,RBI,Shaktikanta Das,The Reserve Bank of India,Russia,the Bank Rate,RBI MPC, Monetary policy, RBI Monetary Policy, repo rate , CRR, Cash Reserve Ratio,RBI MPC meetings, RBI monetary policy meetings","originalPublishedOn":"2022-06-07T20:55:17+05:30"}},{"node":{"id":"5eV2KvY7iCo3","slug":"english/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan","slugV2":"business/india-does-not-have-problems-like-sri-lanka-pakistan-raghuram-rajan-716742/","title":"India does not have problems like Sri Lanka, Pakistan: Raghuram Rajan","postType":1,"coverMedia":"/opoyi_H70rmzZlh.jpg","coverCaption":"Former Reserve Bank of India Governor Raghuram Rajan. (Photo Credit: Facebook/@Raghuramrajan)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-03T13:05:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRaghuram Rajan said that the RBI has done a good job in increasing the forex reserves\u003c/li\u003e\n \u003cli\u003eRajan is currently in the economic advisory council to Tamil Nadu chief minister\u003c/li\u003e\n \u003cli\u003eRajan also discussed how the RBI's policy rate hikes will aid in reducing inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659512069207,\\\"strCount\\\":4081,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Former \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/topics/raghuramrajan/\\\\\\\"\u003eRaghuram Rajan\u003c/a\u003e on Tuesday said that the country’s \u003ca href=\\\\\\\"https://opoyi.com/topics/forex/\\\\\\\"\u003eforeign exchange\u003c/a\u003e reserves are sufficient and \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e is not facing problems like \u003ca href=\\\\\\\"https://opoyi.com/topics/pakistan/\\\\\\\"\u003ePakistan\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/topics/srilanka/\\\\\\\"\u003eSri Lanka\u003c/a\u003e because of \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e’s consistent efforts to combat \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike-716704/\\\\\\\"\u003eRBI MPC meet begins today; analysts expect 50 bps interest rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We have sufficient foreign exchange reserves. The RBI has done a good job in increasing the reserves. We are not having problems like Sri Lanka and Pakistan. Our foreign debts are also less” Raghuram Rajan told NDTV.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rajan, who presently serves on the Tamil Nadu chief minister's economic advisory council, believes that India's strong foreign exchange reserves and low external debt make it more resilient to price shocks.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the week ended July 22, India's forex reserves were $571.6 billion. According to RBI statistics, India's foreign debt obligations were at $620.7 billion at the end of March. The external debt-to-GDP ratio declined to 19.9% in March of this year, down from 21.2% the previous year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rajan also discussed how the RBI's \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rate\u003c/a\u003e hikes will aid in reducing inflationary pressures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts expect the Reserve Bank of India (RBI) to hike the \u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003erepo rate\u003c/a\u003e by 35-50 basis points (bps) during its policy meeting this week. The \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy committee (MPC)\u003c/a\u003e will meet from August 3 to 5.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He also said that the country’s economic growth of 7% for the current fiscal year is “insufficient for the kind of jobs” it needs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“A lot of this growth is jobless growth. Jobs are essentially Task One for the economy. We don’t need everybody to be a software programmer or consultant but we need decent jobs,” he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rajan explained that there are no quick routes to creating jobs for all Indians. “We have to increase the skill base and education of our people,” he continued. “If we can create the skill base, the jobs will come.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a report by the Centre for Monitoring Indian Economy (CMIE), the total jobless rate decreased to 6.80% in July, down 1% from June and the lowest level since 6.56% in January.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rural India's unemployment rate decreased to 6.14% in July, down from 8.03% the previous month. The explanation for this growth is attributed to 9% above-average rainfall in July. According to reports, the rural unemployment rate climbed last month as rainfall was below average and patchy in June.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to figures for urban areas, unemployment grew in July to 8.21% from 7.30% in June, indicating that this development may only be a temporary relief for India.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RaghuramRajan","slug":"raghuramrajan","id":"sKQ0BvEjJKYg","isSection":0},{"name":"SriLanka","slug":"srilanka","id":"mjdE0zWttiL5","isSection":0},{"name":"Pakistan","slug":"pakistan","id":"wizuXkuQ3rL8","isSection":0},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Unemployment","slug":"unemployment","id":"GGAvMRbN3j1m","isSection":0},{"name":"Tamilnadu","slug":"tamilnadu","id":"gnnFxaHIC2iq","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-03T13:05:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Former Reserve Bank of India Governor Raghuram Rajan on Tuesday said that the country’s foreign exchange reserves are sufficient and India is not facing problems like Pakistan and Sri Lanka because of RBI’s consistent efforts to combat inflation. Also Read| RBI MPC meet begins today; analysts expect 50 bps interest rate hike,“We have sufficient foreign exchange reserves. The RBI has done a good job in increasing the reserves. We are not having problems like Sri Lanka and Pakistan. Our foreign debts are also less” Raghuram Rajan told NDTV. Rajan, who presently serves on the Tamil Nadu chief minister's economic advisory council, believes that India's strong foreign exchange reserves and low external debt make it more resilient to price shocks. Also Read| Why RBI would be pushed to hike interest rates,For the week ended July 22, India's forex reserves were $571.6 billion. According to RBI statistics, India's foreign debt obligations were at $620.7 billion at the end of March. The external debt-to-GDP ratio declined to 19.9% in March of this year, down from 21.2% the previous year. Rajan also discussed how the RBI's interest rate hikes will aid in reducing inflationary pressures. Also Read| RBI expected to hike interest rate by 35-50 bps,Analysts expect the Reserve Bank of India (RBI) to hike the repo rate by 35-50 basis points (bps) during its policy meeting this week. The monetary policy committee (MPC) will meet from August 3 to 5. He also said that the country’s economic growth of 7% for the current fiscal year is “insufficient for the kind of jobs” it needs. Also Read| To fight inflation, Asian economies must raise rates rapidly: IMF,“A lot of this growth is jobless growth. Jobs are essentially Task One for the economy. We don’t need everybody to be a software programmer or consultant but we need decent jobs,” he added. Rajan explained that there are no quick routes to creating jobs for all Indians. “We have to increase the skill base and education of our people,” he continued. “If we can create the skill base, the jobs will come.”,Also Read| How post-pandemic markets have behaved historically,According to a report by the Centre for Monitoring Indian Economy (CMIE), the total jobless rate decreased to 6.80% in July, down 1% from June and the lowest level since 6.56% in January. Rural India's unemployment rate decreased to 6.14% in July, down from 8.03% the previous month. The explanation for this growth is attributed to 9% above-average rainfall in July. According to reports, the rural unemployment rate climbed last month as rainfall was below average and patchy in June. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,According to figures for urban areas, unemployment grew in July to 8.21% from 7.30% in June, indicating that this development may only be a temporary relief for India.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Pakistan,Sri Lanka,Reserve Bank of India,Raghuram Rajan,the Reserve Bank of India,Indians,the Centre for Monitoring Indian Economy","originalPublishedOn":"2022-08-03T13:05:00+05:30"}},{"node":{"id":"kHhhG9EvIVAk","slug":"english/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike","slugV2":"business/rbi-mpc-meet-begins-today-analysts-expect-50-bps-interest-rate-hike-716704/","title":"RBI MPC meet begins today; analysts expect 50 bps interest rate hike","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"The RBI began the rate hike cycle this year with a surprise 40-basis-point rise in the repo rate in May. (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-03T12:06:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe meeting will be chaired by RBI Governor Shaktikanta Das and other MPC members\u003c/li\u003e\n \u003cli\u003eThe MPC's decision will be made public on August 5, 2022\u003c/li\u003e\n \u003cli\u003eThe Central Bank has raised the repo rate by 90 basis points this year\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659508559115,\\\"strCount\\\":3142,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The three-day \u003ca href=\\\\\\\"https://opoyi.com/topic/rbimonetarypolicy\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e meeting is set to begin on August 3 and will be chaired by \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor Shaktikanta Das and other MPC members. The MPC's decision on the bi-monthly monetary policy for FY23 will be made public on August 5. The most pressing concern is \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e, which has hit multi-year highs and is putting pressure on major central banks across the globe to hike \u003ca href=\\\\\\\"https://opoyi.com/topics/interestrates/\\\\\\\"\u003einterest rates\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-rbi-would-be-pushed-to-hike-interest-rates-715918/\\\\\\\"\u003eWhy RBI would be pushed to hike interest rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e began the rate hike cycle this year with a surprise 40-basis-point rise in the \u003ca href=\\\\\\\"https://opoyi.com/english/what-is-repo-rate\\\\\\\"\u003erepo rate\u003c/a\u003e in May and another of 50 basis points in June. Currently, the Central Bank has raised the repo rate by 90 basis points, whereas the \u003ca href=\\\\\\\"https://opoyi.com/topics/federalreserve/\\\\\\\"\u003eUS Fed\u003c/a\u003e has raised its key rate by 225 basis points to fight rising inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-expected-to-hike-interest-rate-by-35-50-bps-715841/\\\\\\\"\u003eRBI expected to hike interest rate by 35-50 bps\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Currently, the policy repo rate is 4.90%. The Bank Rate has been adjusted to 5.15%, the marginal standing facility rate has been set at 4.65%, and the standing deposit facility rate at 4.65%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/\\\\\\\"\u003eHow Indian economy could suffer from a US Fed rate hike\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts expect that the MPC will reduce its inflation forecast for FY23 to 6.7% from 7.01% after \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer price index (CPI)\u003c/a\u003e decreased to 7.01% in June. The governor of the Reserve Bank of India, Shaktikanta Das, stated that inflation appears to have peaked, but he also cautioned that, despite June's moderating trends, commodity prices remain high.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Lakshmi Iyer, Chief Investment Officer (Debt) and Head Products, Kotak Mahindra Asset Management Company, the key worry for policymakers now, rather than whether to increase rates or not earlier this year, is how much to hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-the-difference-between-wpi-and-cpi-707211/\\\\\\\"\u003eWhat is the difference between WPI and CPI?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We expect RBI MPC to hike the benchmark repo rate by 50bps as CPI continues to rule above RBIs threshold band. Commentary may be neutral/dovish as CPI trend seems to be following RBIs forecast for FY 2023. Key to watch also would be the guidance if any in the future course of rate moves,\\\\\\\" she said.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-03T12:05:58+05:30","publisher":0,"sourceFeed":null,"cleanText":"The three-day Monetary Policy Committee (MPC) meeting is set to begin on August 3 and will be chaired by RBI Governor Shaktikanta Das and other MPC members. The MPC's decision on the bi-monthly monetary policy for FY23 will be made public on August 5. The most pressing concern is inflation, which has hit multi-year highs and is putting pressure on major central banks across the globe to hike interest rates. Also Read| Why RBI would be pushed to hike interest rates,The Reserve Bank of India began the rate hike cycle this year with a surprise 40-basis-point rise in the repo rate in May and another of 50 basis points in June. Currently, the Central Bank has raised the repo rate by 90 basis points, whereas the US Fed has raised its key rate by 225 basis points to fight rising inflation. Also Read| RBI expected to hike interest rate by 35-50 bps,Currently, the policy repo rate is 4.90%. The Bank Rate has been adjusted to 5.15%, the marginal standing facility rate has been set at 4.65%, and the standing deposit facility rate at 4.65%. Also Read| How Indian economy could suffer from a US Fed rate hike,Analysts expect that the MPC will reduce its inflation forecast for FY23 to 6.7% from 7.01% after consumer price index (CPI) decreased to 7.01% in June. The governor of the Reserve Bank of India, Shaktikanta Das, stated that inflation appears to have peaked, but he also cautioned that, despite June's moderating trends, commodity prices remain high. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,According to Lakshmi Iyer, Chief Investment Officer (Debt) and Head Products, Kotak Mahindra Asset Management Company, the key worry for policymakers now, rather than whether to increase rates or not earlier this year, is how much to hike. Also Read| What is the difference between WPI and CPI?,“We expect RBI MPC to hike the benchmark repo rate by 50bps as CPI continues to rule above RBIs threshold band. Commentary may be neutral/dovish as CPI trend seems to be following RBIs forecast for FY 2023. Key to watch also would be the guidance if any in the future course of rate moves, she said.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shaktikanta Das,MPC,RBI,the Central Bank,the US Fed,The Bank Rate,the Reserve Bank of India,Lakshmi Iyer,Kotak Mahindra Asset Management Company","originalPublishedOn":"2022-08-03T12:05:58+05:30"}},{"node":{"id":"MuxboDeWmNmY","slug":"english/week-ahead-rbi-mpc-meet-quarterly-results-to-weigh-on-sensex-nifty","slugV2":"business/week-ahead-rbi-mpc-meet-quarterly-results-to-weigh-on-sensex-nifty-714406/","title":"Week ahead: RBI MPC meet, quarterly results to weigh on Sensex, Nifty","postType":1,"coverMedia":"/opoyi_jcxBqn8wU.jpg","coverCaption":"Auto companies will begin reporting monthly sales statistics for July beginning on August 1, 2022. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-01T08:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI's MPC will meet on August 3-5 to discuss interest rate hike\u003c/li\u003e\n \u003cli\u003eITC and UPL will release their quarterly results on August 1\u003c/li\u003e\n \u003cli\u003eChine will release the NBS Manufacturing PMI for June 2022 on June 30\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659316587295,\\\"strCount\\\":3534,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The major event, investors will be keeping an eye on will be the \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India's (RBI)\u003c/a\u003e rate-setting \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e meeting this week. Due to administrative issues, the MPC meeting has been rescheduled. According to the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e, the MPC will now meet on August 3-5, rather than the originally scheduled August 2-4.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While a 25 basis point increase is ruled out, market sentiment appears to be split between a 35 basis point increase and a 50 basis point increase. The trading week ahead will be dominated by earnings reports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/where-to-invest-during-high-inflation-710394/\\\\\\\"\u003eWhere to invest during high inflation?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the short term, the trend in global stock markets, the movement of the rupee against the dollar, and \u003ca href=\\\\\\\"https://opoyi.com/topics/crudeoil/\\\\\\\"\u003ecrude oil prices\u003c/a\u003e will drive the trend on the bourses. \u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003eForeign portfolio investors (FPIs) and domestic institutional investors (DIIs)\u003c/a\u003e would be monitored in their investments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ITC and UPL will release their quarterly results on August 1, 2022. On August 2, 2022, Adani Green Energy, Bosch, and Voltas will release their quarterly results. On August 3, 2022, Adani Power, Adani Transmission, Interglobe Aviation, and Lupin will release their quarterly results.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On August 4, 2022, Adani Enterprises, Britannia Industries, GAIL (India), and Hindustan Petroleum Corporation will release their quarterly results. On August 5, 2022, Mahindra \u0026amp; Mahindra, Pfizer, and Titan Company will release their quarterly results.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Auto companies will begin reporting monthly sales statistics for July beginning on August 1, 2022, putting a spotlight on auto stocks. The S\u0026amp;P Global Composite PMI data for July will be released on August 1, 2022. The July S\u0026amp;P Global Services PMI will be released on August 3, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e will release the NBS Manufacturing PMI for June 2022 on June 30, 2022. On August 1, 2022, China will release the Caixin Manufacturing PMI for July. The July ISM Manufacturing PMI statistics for the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003eUnited States\u003c/a\u003e will be released on August 1, 2022. The July ISM Non-Manufacturing PMI statistics for the United States will be released on August 3, 2022. The July US Nonfarm Payrolls statistics will be released on August 5, 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"WeekAhead","slug":"weekahead","id":"R30eiXm1O2LO","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"AdaniGroup","slug":"adani","id":"2RlWuYcsBzI0","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-01T08:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The major event, investors will be keeping an eye on will be the Reserve Bank of India's (RBI) rate-setting Monetary Policy Committee (MPC) meeting this week. Due to administrative issues, the MPC meeting has been rescheduled. According to the RBI, the MPC will now meet on August 3-5, rather than the originally scheduled August 2-4. Also Read| To fight inflation, Asian economies must raise rates rapidly: IMF,While a 25 basis point increase is ruled out, market sentiment appears to be split between a 35 basis point increase and a 50 basis point increase. The trading week ahead will be dominated by earnings reports. Also Read| Where to invest during high inflation?,In the short term, the trend in global stock markets, the movement of the rupee against the dollar, and crude oil prices will drive the trend on the bourses. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be monitored in their investments. Also Read| How post-pandemic markets have behaved historically,ITC and UPL will release their quarterly results on August 1, 2022. On August 2, 2022, Adani Green Energy, Bosch, and Voltas will release their quarterly results. On August 3, 2022, Adani Power, Adani Transmission, Interglobe Aviation, and Lupin will release their quarterly results. Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,On August 4, 2022, Adani Enterprises, Britannia Industries, GAIL (India), and Hindustan Petroleum Corporation will release their quarterly results. On August 5, 2022, Mahindra \u0026 Mahindra, Pfizer, and Titan Company will release their quarterly results. Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,Auto companies will begin reporting monthly sales statistics for July beginning on August 1, 2022, putting a spotlight on auto stocks. The S\u0026P Global Composite PMI data for July will be released on August 1, 2022. The July S\u0026P Global Services PMI will be released on August 3, 2022. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,China will release the NBS Manufacturing PMI for June 2022 on June 30, 2022. On August 1, 2022, China will release the Caixin Manufacturing PMI for July. The July ISM Manufacturing PMI statistics for the United States will be released on August 1, 2022. The July ISM Non-Manufacturing PMI statistics for the United States will be released on August 3, 2022. The July US Nonfarm Payrolls statistics will be released on August 5, 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"MPC,Mahindra,China,the United States,the Reserve Bank of India,Monetary Policy Committee,RBI,UPL,Adani Green Energy,Bosch,Voltas,Adani Power,Interglobe Aviation,Adani Enterprises,Britannia Industries","originalPublishedOn":"2022-08-01T08:00:00+05:30"}},{"node":{"id":"cd7ASous4cOI","slug":"english/trending-stocks-yes-bank-cipla-bank-of-baroda-and-others-in-news-today","slugV2":"business/trending-stocks-yes-bank-cipla-bank-of-baroda-and-others-in-news-today-714624/","title":"Trending Stocks: Yes Bank, Cipla, Bank of Baroda, and others in news today","postType":1,"coverMedia":"/opoyi_SsPBhGsSj.jpg","coverCaption":"Stock prices on a digital screen on the facade of BSE building, as sensex crosses 50000 mark for the first time, in Mumbai, Thursday, Jan. 21, 2021. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-01T07:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBank of Baroda 79.4% growth in profit at Rs 2,168 crore for the June quarter\u003c/li\u003e\n \u003cli\u003eYes Bank will raise $1.1 billion from Carlyle and Advent International\u003c/li\u003e\n \u003cli\u003eCipla reported a 4% decline in net profit at Rs 686 crore for June quarter\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659316427562,\\\"strCount\\\":5526,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBank of Baroda \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The public sector bank reported 79.4% year-on-year growth\\\\nin standalone profit at Rs 2,168 crore for the quarter ended June 2022, despite\\\\na decline in other income and pre-provision operating profit. The significant\\\\ndip in bad loan provisions supported the bottom line. Net interest income (NII)\\\\nrose by 12% year-on-year to Rs 8,838.4 crore in April to June quarter, with\\\\ncredit growth at 18% and a 10.9% year-on-year increase in global deposits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/offbeat/why-battlegrounds-mobile-india-has-been-taken-down-from-google-apple-app-stores-712786/\\\\\\\"\u003eWhy Battlegrounds Mobile India has been taken down from Google, Apple app stores?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eYes Bank\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bank announced raising equity capital of $1.1 billion\\\\n(Rs 8,898.47 crore) through funds affiliated with global private equity\\\\ninvestors Carlyle and Advent International. Each investor will potentially\\\\nacquire up to a 10% stake, Yes Bank said in a \u003ca href=\\\\\\\"https://opoyi.com/topics/bse/\\\\\\\"\u003eBSE\u003c/a\u003e filing. The board of directors\\\\nhas approved to allot 369.61 crore equity shares at a price of Rs 13.78 per\\\\nshare and 256.75 crore warrants exchangeable into equity shares, at a price of\\\\nRs 14.82 per share, through preferential allotment on a private placement\\\\nbasis, which is subject to the approval of shareholders and \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e. The Carlyle\\\\nGroup and Verventa Holdings (affiliated with Advent) will pour money into the\\\\nbank against 184.8 equity shares each and 128.37 crore warrants each.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCipla\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The pharma major reported a 4% year-on-year decline in consolidated net profit at Rs 686 crore for the quarter ended June 2022 as EBITDA plunged 15% year-on-year to Rs 1,143 crore. Revenue declined by 2.3% to Rs 5,375 crore in the reported quarter. India business decreased 8.4% to Rs 2,483 crore and North America business grew by 15.5% to Rs 1,199 crore in the April-June quarter of fiscal 2023.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/apple-privacy-measures-leads-to-woes-at-meta-as-tiktok-surges-ahead-712527/\\\\\\\"\u003eApple privacy measures leads to woes at Meta as TikTok surges ahead\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDr. Reddy's Laboratories\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The pharma company signed a licensing agreement with Slayback Pharma to obtain exclusive rights in the first-to-file ANDA for the private label version of Lumify in the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e. Lumify is an over-the-counter (OTC) eyedrop that can be used to relieve redness in the eye due to minor irritations. The agreement also provides Dr. Reddy’s exclusive rights to the product outside the US.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/moscow-goes-after-big-tech-for-storing-user-data-abroad-712525/\\\\\\\"\u003eMoscow goes after Big Tech for storing user data abroad\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIDFC First Bank\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The private sector lender posted a highest-ever standalone\\\\nprofit of Rs 474.33 crore in the quarter ended June 2022, against a loss of Rs\\\\n630 crore in the same quarter of the previous financial year. The increase in\\\\ncore operating income and decline in provisions aided the profitability, with sequential\\\\ngrowth in profit at 38%. Net interest income (NII) rose by 26% to Rs 2,751.1\\\\ncrore year-on-year during the quarter. Net interest margin improved by 39 basis\\\\npoints to 5.89% for the reported quarter. Sequentially, the net interest\\\\nmargins declined by 38 basis points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/recession-fear-grips-the-us-after-economy-shrinks-for-2nd-quarter-712363/\\\\\\\"\u003eRecession fear grips the US after economy shrinks for 2nd quarter\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRain Industries\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The chemical company reported a 184% year-on-year increase\\\\nin consolidated profit at Rs 668.50 crore for the April-June quarter of fiscal\\\\n2023, on the back of a healthy top line and operating performance. Revenue\\\\nsurged by 52% to Rs 5,540.6 crore due to solid growth in average blended\\\\nrealization for carbon and advanced material sales, though volumes declined.\\\\nOperating profit increased 78.5% to Rs 1,210.5 crore during the same period.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/yang-huiyan-asias-richest-woman-loses-half-her-fortune-711821/\\\\\\\"\u003eYang Huiyan, Asia’s richest woman, loses half her fortune\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eZee Entertainment Enterprises\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has secured no objection letters from BSE and\\\\nthe National Stock Exchange of India, for the proposed Composite Scheme of\\\\nArrangement amongst Zee Entertainment, Bangla Entertainment, and Culver Max\\\\nEntertainment (formerly \u003ca href=\\\\\\\"https://opoyi.com/topics/sony/\\\\\\\"\u003eSony\u003c/a\u003e Pictures Networks India). These observation\\\\nletters allow the company to file a Composite Scheme of Arrangement with\\\\nNational Company Law Tribunal, \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e. Last December, the companies had signed\\\\ndefinitive agreements to merge Zee into Sony and combine their linear TV\\\\nnetworks, digital assets, production operations and programme libraries.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDLF\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The real estate major recorded a 36% year-on-year increase\\\\nin profit at Rs 470 crore for the first quarter of fiscal 2023. Consolidated\\\\nrevenue jumped 22% year-on-year to Rs 1,516 crore in the same period. Net sales\\\\nbooking rose 1015 year-on-year to Rs 2,040 crore.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"TrendingStocks","slug":"trendingstocks","id":"XNl0sRQ1kcCJ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"Sony","slug":"sony","id":"WQLcwztJDm9y","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-01T07:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Bank of Baroda ,The public sector bank reported 79.4% year-on-year growth in standalone profit at Rs 2,168 crore for the quarter ended June 2022, despite a decline in other income and pre-provision operating profit. The significant dip in bad loan provisions supported the bottom line. Net interest income (NII) rose by 12% year-on-year to Rs 8,838.4 crore in April to June quarter, with credit growth at 18% and a 10.9% year-on-year increase in global deposits. Also Read | Why Battlegrounds Mobile India has been taken down from Google, Apple app stores?,Yes Bank,The bank announced raising equity capital of $1.1 billion (Rs 8,898.47 crore) through funds affiliated with global private equity investors Carlyle and Advent International. Each investor will potentially acquire up to a 10% stake, Yes Bank said in a BSE filing. The board of directors has approved to allot 369.61 crore equity shares at a price of Rs 13.78 per share and 256.75 crore warrants exchangeable into equity shares, at a price of Rs 14.82 per share, through preferential allotment on a private placement basis, which is subject to the approval of shareholders and RBI. The Carlyle Group and Verventa Holdings (affiliated with Advent) will pour money into the bank against 184.8 equity shares each and 128.37 crore warrants each. Also Read | To fight inflation, Asian economies must raise rates rapidly: IMF,Cipla,The pharma major reported a 4% year-on-year decline in consolidated net profit at Rs 686 crore for the quarter ended June 2022 as EBITDA plunged 15% year-on-year to Rs 1,143 crore. Revenue declined by 2.3% to Rs 5,375 crore in the reported quarter. India business decreased 8.4% to Rs 2,483 crore and North America business grew by 15.5% to Rs 1,199 crore in the April-June quarter of fiscal 2023. Also Read | Apple privacy measures leads to woes at Meta as TikTok surges ahead,Dr. Reddy's Laboratories,The pharma company signed a licensing agreement with Slayback Pharma to obtain exclusive rights in the first-to-file ANDA for the private label version of Lumify in the US. Lumify is an over-the-counter (OTC) eyedrop that can be used to relieve redness in the eye due to minor irritations. The agreement also provides Dr. Reddy’s exclusive rights to the product outside the US. Also Read | Moscow goes after Big Tech for storing user data abroad,IDFC First Bank,The private sector lender posted a highest-ever standalone profit of Rs 474.33 crore in the quarter ended June 2022, against a loss of Rs 630 crore in the same quarter of the previous financial year. The increase in core operating income and decline in provisions aided the profitability, with sequential growth in profit at 38%. Net interest income (NII) rose by 26% to Rs 2,751.1 crore year-on-year during the quarter. Net interest margin improved by 39 basis points to 5.89% for the reported quarter. Sequentially, the net interest margins declined by 38 basis points. Also Read | Recession fear grips the US after economy shrinks for 2nd quarter,Rain Industries,The chemical company reported a 184% year-on-year increase in consolidated profit at Rs 668.50 crore for the April-June quarter of fiscal 2023, on the back of a healthy top line and operating performance. Revenue surged by 52% to Rs 5,540.6 crore due to solid growth in average blended realization for carbon and advanced material sales, though volumes declined. Operating profit increased 78.5% to Rs 1,210.5 crore during the same period. Also Read | Yang Huiyan, Asia’s richest woman, loses half her fortune,Zee Entertainment Enterprises,The company has secured no objection letters from BSE and the National Stock Exchange of India, for the proposed Composite Scheme of Arrangement amongst Zee Entertainment, Bangla Entertainment, and Culver Max Entertainment (formerly Sony Pictures Networks India). These observation letters allow the company to file a Composite Scheme of Arrangement with National Company Law Tribunal, Mumbai. Last December, the companies had signed definitive agreements to merge Zee into Sony and combine their linear TV networks, digital assets, production operations and programme libraries. Also Read | How to survive a market crash,DLF,The real estate major recorded a 36% year-on-year increase in profit at Rs 470 crore for the first quarter of fiscal 2023. Consolidated revenue jumped 22% year-on-year to Rs 1,516 crore in the same period. Net sales booking rose 1015 year-on-year to Rs 2,040 crore.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bank of Baroda,The Carlyle Group,Verventa Holdings,EBITDA,Slayback Pharma,IDFC First Bank,Rain Industries,Advent international, Trending stocks, Trending stocks today, Stocks in news today, Share market,Trending stocks august 1, Stock market, Stock market","originalPublishedOn":"2022-08-01T07:15:00+05:30"}},{"node":{"id":"FeU4GNIeHNOl","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-august-1-2022","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-august-1-2022-714622/","title":"Trade Setup: Top 15 things to know before market opens on August 1, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in green with the BSE mid-cap index increasing 1.01%, while the small-cap index was up by 1.38% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-01T07:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Sensex rose 712.46 points, 1.25%, to 57,570.25 while the Nifty was up by 228.65 points, 1.35%, to 17,158.25\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 2.72% to 16.55 on Friday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a positive opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1659316396665,\\\"strCount\\\":8661,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks extended their gaining run to the\\\\nthird day and ended with gains of over a percent on Friday, following buying in\\\\nindex majors Tata Steel, Sun Pharma, and Bajaj Finserv. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bull candle on the daily\\\\nchart with a gap-up opening, after taking out crucial resistance at 16,800,\\\\naccording to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He believes the underlying trend in the 50-scrip index is\\\\nsharply positive.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/offbeat/why-battlegrounds-mobile-india-has-been-taken-down-from-google-apple-app-stores-712786/\\\\\\\"\u003eWhy Battlegrounds Mobile India has been taken down from Google, Apple app stores?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/closingbell\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex rose 712.46 points, 1.25%, to 57,570.25 while\\\\nthe Nifty was up by 228.65 points, 1.35%, to 17,158.25 at the close of trading\\\\non Friday. The Sensex moved in a high and low band of 57,619.27 and 57,104.81.\\\\nThere were 25 stocks advancing against 5 declining stocks on the index. The\\\\nNifty traded in a range of 17,172.80 and 17,018.15. There were 43 stocks\\\\nadvancing against 7 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-post-pandemic-markets-have-behaved-historically-711192/\\\\\\\"\u003eHow post-pandemic markets have behaved historically\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the \u003ca href=\\\\\\\"https://opoyi.com/topics/bse/\\\\\\\"\u003eBSE\u003c/a\u003e mid-cap\\\\nindex increasing 1.01%, while the small-cap index was up by 1.38%. On the\\\\nsectoral front, Metal was up by 4.59%, Energy up by 2.41%, Basic Materials up\\\\nby 2.30%, Oil \u0026amp; Gas up by 2.21%, and IT up by 1.71%, while there were no\\\\nlosing sectoral indices on the BSE.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-paul-volcker-tamed-inflation-with-two-recessions-in-1980s-711126/\\\\\\\"\u003eHow Paul Volcker tamed inflation with two recessions in 1980s\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a gauge of the market's expectation of\\\\nvolatility over the near term, fell 2.72% to 16.55 on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a positive opening for the\\\\nindex in India with a 48 points gain. The\\\\nNifty futures were trading at\u0026nbsp;17,280.00 on the\\\\nSingaporean Exchange around 06:40 hours IST.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level for the Nifty is placed at 17,060,\\\\nfollowed by 16,962. If the index moves up, the key resistance levels to watch\\\\nout for are 17,215 and 17,271, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/nasdaq\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 rose 57.86 points, or 1.4%, to 4,130.29.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 315.50 points, or 1%, to 32,845.13.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 228.09 points, or 1.9%, to 12,390.69.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 12.20, or 0.7%, to 1,885.23.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets ended mostly lower on Friday. The Shanghai\\\\nComposite fell 0.89%, Nikkei 225 fell 0.05%, the Hang Seng fell 2.26% while the\\\\nKOSPI Composite rose 0.67%. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended mostly higher on Friday. France's\\\\nCAC 40 was up by 1.72%, Germany’s DAX was up by 1.52% and London's FTSE 100 was\\\\nup by 1.06%.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-to-survive-a-market-crash\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCarlyle, Advent to invest $1.1 billion in Yes Bank for a\\\\n10% stake each \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bank announced raising equity capital of $1.1 billion\\\\n(Rs 8,898.47 crore) through funds affiliated with global private equity\\\\ninvestors Carlyle and Advent International. Each investor will potentially\\\\nacquire up to a 10% stake, Yes Bank said in a BSE filing. The board of\\\\ndirectors has approved to allot 369.61 crore equity shares at a price of Rs\\\\n13.78 per share and 256.75 crore warrants exchangeable into equity shares, at a\\\\nprice of Rs 14.82 per share, through preferential allotment on a private\\\\nplacement basis, which is subject to the approval of shareholders and \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e. The\\\\nCarlyle Group and Verventa Holdings (affiliated with Advent) will pour money\\\\ninto the bank against 184.8 equity shares each and 128.37 crore warrants each.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-global-economy-is-not-in-recession-yet-709207/\\\\\\\"\u003eWhy global economy is not in recession yet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eZee-Sony mergers secure BSE, \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e approval after agreement\\\\nsigned last December\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company has secured no objection letters from BSE and\\\\nthe National Stock Exchange of India, for the proposed Composite Scheme of\\\\nArrangement amongst Zee Entertainment, Bangla Entertainment, and Culver Max\\\\nEntertainment (formerly \u003ca href=\\\\\\\"https://opoyi.com/topics/sony/\\\\\\\"\u003eSony\u003c/a\u003e Pictures Networks India). These observation\\\\nletters allow the company to file a Composite Scheme of Arrangement with\\\\nNational Company Law Tribunal, \u003ca href=\\\\\\\"https://opoyi.com/topics/mumbai/\\\\\\\"\u003eMumbai\u003c/a\u003e. Last December, the companies signed\\\\ndefinitive agreements to merge Zee into Sony and combine their linear TV\\\\nnetworks, digital assets, production operations, and program libraries.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBank of Baroda Q1 Results: Net profit rose 79% to Rs 2,168\\\\ncrore, NII jumps 12%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The public sector bank reported 79.4% year-on-year growth\\\\nin standalone profit at Rs 2,168 crore for the quarter ended June 2022, despite\\\\na decline in other income and pre-provision operating profit. The significant\\\\ndip in bad loan provisions supported the bottom line. Net interest income (NII)\\\\nrose by 12% year-on-year to Rs 8,838.4 crore in April to June quarter, with\\\\ncredit growth at 18% and a 10.9% year-on-year increase in global deposits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/hdfc-q1-results-net-profit-rose-22-to-rs-3669-crore-712988/\\\\\\\"\u003eHDFC Q1 results: Net profit rose 22% to Rs 3,669 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCipla Q1 Results: Net profit fell 4% to Rs 686 crore, revenue\\\\ndeclined 2%\u0026nbsp; \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The pharma major reported a 4% year-on-year decline in\\\\nconsolidated net profit at Rs 686 crore for the quarter ended June 2022 as\\\\nEBITDA plunged 15% year-on-year to Rs 1,143 crore. Revenue declined by 2.3% to\\\\nRs 5,375 crore in the reported quarter. India business decreased 8.4% to Rs\\\\n2,483 crore and North America business grew by 15.5% to Rs 1,199 crore in the\\\\nApril-June quarter of fiscal 2023.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/to-fight-inflation-asian-economies-must-raise-rates-rapidly-imf-712542/\\\\\\\"\u003eTo fight inflation, Asian economies must raise rates rapidly: IMF\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/bulkdeal\\\\\\\"\u003e\u003cb\u003eBulk Deal\\\\ndata\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Infront Enterprises Private Limited 2,91,000 shares in\\\\nAutoline Industries Limited at Rs 75.93 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Aditya Achanta sold 1,67,252 shares in Coastal Corporation\\\\nLimited at Rs 287.71 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Niraj Rajnikant Shah bought 75,000 shares in Hilton Metal\\\\nForging Limited at Rs 47.10 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Dhoot Ramniwas Ramdayal sold 56,305 shares in IMP Powers\\\\nLimited at Rs 9.50 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Aditya Kumar Halwasiya bought 2,51,400 shares in Speciality\\\\nRest Limited at Rs 177.27 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/apple-privacy-measures-leads-to-woes-at-meta-as-tiktok-surges-ahead-712527/\\\\\\\"\u003eApple privacy measures leads to woes at Meta as TikTok surges ahead\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/fiianddii\\\\\\\"\u003e\u003cb\u003eDII and FII\\\\ndata\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) have net bought\\\\nshares worth Rs 1,046.32 crore, whereas domestic institutional investors (DIIs)\\\\nnet sold shares worth Rs 0.91 crore on July 29, as per provisional data\\\\navailable on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topic/foban\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Zero stocks/securities have been placed under the F\u0026amp;O\\\\nban for August 01. Securities in the ban period under the F\u0026amp;O segment\\\\ninclude companies in which the security has crossed 95% of the market-wide\\\\nposition limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"TataSteel","slug":"tatasteel","id":"fwaz5zdvBeK4","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Mumbai","slug":"mumbai","id":"1AypZlXpkqv3","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-08-01T07:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks extended their gaining run to the third day and ended with gains of over a percent on Friday, following buying in index majors Tata Steel, Sun Pharma, and Bajaj Finserv. ,The Nifty50 has formed a long bull candle on the daily chart with a gap-up opening, after taking out crucial resistance at 16,800, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He believes the underlying trend in the 50-scrip index is sharply positive. Also Read | Why Battlegrounds Mobile India has been taken down from Google, Apple app stores?,Indian Indices,The Sensex rose 712.46 points, 1.25%, to 57,570.25 while the Nifty was up by 228.65 points, 1.35%, to 17,158.25 at the close of trading on Friday. The Sensex moved in a high and low band of 57,619.27 and 57,104.81. There were 25 stocks advancing against 5 declining stocks on the index. The Nifty traded in a range of 17,172.80 and 17,018.15. There were 43 stocks advancing against 7 stocks declining on the index. Also Read| How post-pandemic markets have behaved historically,Broader Indices,The broader indices ended in green with the BSE mid-cap index increasing 1.01%, while the small-cap index was up by 1.38%. On the sectoral front, Metal was up by 4.59%, Energy up by 2.41%, Basic Materials up by 2.30%, Oil \u0026 Gas up by 2.21%, and IT up by 1.71%, while there were no losing sectoral indices on the BSE. , Also Read| How Paul Volcker tamed inflation with two recessions in 1980s,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.72% to 16.55 on Friday. SGX Nifty,The trends on SGX Nifty indicate a positive opening for the index in India with a 48 points gain. The Nifty futures were trading at 17,280.00 on the Singaporean Exchange around 06:40 hours IST. , Also Read| The 2008 market crash: Inside the doomsday machine and a brief history,Support and Resistance levels,The key support level for the Nifty is placed at 17,060, followed by 16,962. If the index moves up, the key resistance levels to watch out for are 17,215 and 17,271, according to pivot charts. US Markets,The S\u0026P 500 rose 57.86 points, or 1.4%, to 4,130.29. The Dow Jones Industrial Average rose 315.50 points, or 1%, to 32,845.13. The Nasdaq rose 228.09 points, or 1.9%, to 12,390.69. The Russell 2000 index of smaller companies rose 12.20, or 0.7%, to 1,885.23. Also Read| Great Depression to COVID: Top 5 market crashes in American history,Asian Markets,Asian markets ended mostly lower on Friday. The Shanghai Composite fell 0.89%, Nikkei 225 fell 0.05%, the Hang Seng fell 2.26% while the KOSPI Composite rose 0.67%. ,European Markets,European markets ended mostly higher on Friday. France's CAC 40 was up by 1.72%, Germany’s DAX was up by 1.52% and London's FTSE 100 was up by 1.06%. , Also Read| How to survive a market crash,Major News Headlines,Carlyle, Advent to invest $1.1 billion in Yes Bank for a 10% stake each ,The bank announced raising equity capital of $1.1 billion (Rs 8,898.47 crore) through funds affiliated with global private equity investors Carlyle and Advent International. Each investor will potentially acquire up to a 10% stake, Yes Bank said in a BSE filing. The board of directors has approved to allot 369.61 crore equity shares at a price of Rs 13.78 per share and 256.75 crore warrants exchangeable into equity shares, at a price of Rs 14.82 per share, through preferential allotment on a private placement basis, which is subject to the approval of shareholders and RBI. The Carlyle Group and Verventa Holdings (affiliated with Advent) will pour money into the bank against 184.8 equity shares each and 128.37 crore warrants each. Also Read| Why global economy is not in recession yet,Zee-Sony mergers secure BSE, NSE approval after agreement signed last December,The company has secured no objection letters from BSE and the National Stock Exchange of India, for the proposed Composite Scheme of Arrangement amongst Zee Entertainment, Bangla Entertainment, and Culver Max Entertainment (formerly Sony Pictures Networks India). These observation letters allow the company to file a Composite Scheme of Arrangement with National Company Law Tribunal, Mumbai. Last December, the companies signed definitive agreements to merge Zee into Sony and combine their linear TV networks, digital assets, production operations, and program libraries. , Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Bank of Baroda Q1 Results: Net profit rose 79% to Rs 2,168 crore, NII jumps 12%,The public sector bank reported 79.4% year-on-year growth in standalone profit at Rs 2,168 crore for the quarter ended June 2022, despite a decline in other income and pre-provision operating profit. The significant dip in bad loan provisions supported the bottom line. Net interest income (NII) rose by 12% year-on-year to Rs 8,838.4 crore in April to June quarter, with credit growth at 18% and a 10.9% year-on-year increase in global deposits. Also Read | HDFC Q1 results: Net profit rose 22% to Rs 3,669 crore,Cipla Q1 Results: Net profit fell 4% to Rs 686 crore, revenue declined 2% ,The pharma major reported a 4% year-on-year decline in consolidated net profit at Rs 686 crore for the quarter ended June 2022 as EBITDA plunged 15% year-on-year to Rs 1,143 crore. Revenue declined by 2.3% to Rs 5,375 crore in the reported quarter. India business decreased 8.4% to Rs 2,483 crore and North America business grew by 15.5% to Rs 1,199 crore in the April-June quarter of fiscal 2023. Also Read | To fight inflation, Asian economies must raise rates rapidly: IMF,Bulk Deal data,Infront Enterprises Private Limited 2,91,000 shares in Autoline Industries Limited at Rs 75.93 per share on the Nse. Aditya Achanta sold 1,67,252 shares in Coastal Corporation Limited at Rs 287.71 per share on the Nse. Niraj Rajnikant Shah bought 75,000 shares in Hilton Metal Forging Limited at Rs 47.10 per share on the Nse. Dhoot Ramniwas Ramdayal sold 56,305 shares in IMP Powers Limited at Rs 9.50 per share on the Nse. Aditya Kumar Halwasiya bought 2,51,400 shares in Speciality Rest Limited at Rs 177.27 per share on the Nse. Also Read | Apple privacy measures leads to woes at Meta as TikTok surges ahead,DII and FII data,Foreign institutional investors (FIIs) have net bought shares worth Rs 1,046.32 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 0.91 crore on July 29, as per provisional data available on the NSE. NSE F\u0026O Ban,Zero stocks/securities have been placed under the F\u0026O ban for August 01. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Asian,NSE,Tata Steel,Sun Pharma,Bajaj Finserv,the Singaporean Exchange,Russell,The Shanghai Composite,Nikkei 225,Stock market, share market, sensex, Nifty, NSE, BSE,Trade setup, Trade setup August 1, Trade Setup for monday, Trade setup today,Busines","originalPublishedOn":"2022-08-01T07:00:00+05:30"}},{"node":{"id":"ht3KxHYt6hai","slug":"english/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market","slugV2":"business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/","title":"Harshad Mehta scam: How Big Bull shook the Indian stock market","postType":1,"coverMedia":"/opoyi_NmF6T4lnk.jpg","coverCaption":"Harshad Mehta had formed strong relationships in the financial system throughout his climb during the 1980s. (Photo credits: harshadmehta.in)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-28T05:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHarshad Mehta was frequently referred to as the Big Bull or the Amitabh Bachchan of Dalal Street\u003c/li\u003e\n \u003cli\u003eHe managed to influence equities by unlawfully collecting money from many banks using fake bank receipts\u003c/li\u003e\n \u003cli\u003eHis downfall began when it was revealed that SBI had Rs 500 crore missing from its accounts\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658953937111,\\\"strCount\\\":6906,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/english/who-was-harshad-mehta\\\\\\\"\u003eHarshad Mehta\u003c/a\u003e also known as the 'Big Bull' had become a popular figure on Dalal Street in the early 90s until being charged with a securities scam in 1992, thereby ending his bull run.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a result of his extravagant lifestyle after rising to the rank of a celebrity stockbroker, Harshad Mehta was frequently referred to as the \\\\\\\"Big Bull\\\\\\\" of Dalal Street or the \\\\\\\"Amitabh Bachchan\\\\\\\" of the Indian \u003ca href=\\\\\\\"https://opoyi.com/topic/stockmarket\\\\\\\"\u003estock market\u003c/a\u003e.\u0026nbsp;The securities scam of 1992 was worth nearly Rs 4,000 crore\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism\\\\\\\"\u003eHarshad Mehta's wife Jyoti brings Big Bull's side of story to light\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta effectively managed to influence equities by unlawfully collecting money from many banks using fake bank receipts, as several financial journalists who covered the scandal recall. He set up a vicious circle of fraud that included large names like the State Bank of India (SBI) and the National Housing Bank (NHB).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-to-survive-a-market-crash\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Large-scale modifications were made to the stock market, including a shorter settlement cycle, a minimum balance requirement, and online transactions, among other things.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The fraud, however, consisted of more than simply that. Mehta had also exploited flaws in the country's banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/who-is-jyoti-mehta\\\\\\\"\u003eWho is Jyoti Mehta?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose from approximately 1,000 points to over 4,500 points between April 1991 and 1992. During this time, Harshad Mehta moved thousands of crores from banks into the stock market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/great-depression-to-covid-top-5-market-crashes-in-american-history\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the fraud was uncovered by veteran journalist Sucheta Dalal, it came to light how Harshad Mehta had manipulated stocks using banking loopholes. Shortly after the scam was discovered, the stock market had a massacre that severely harmed Mehta's assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta's downfall began when it was revealed that \u003ca href=\\\\\\\"https://opoyi.com/topic/sbi\\\\\\\"\u003eSBI\u003c/a\u003e had Rs 500 crore missing from its accounts in the form of a Subsidiary General Ledger (SGL) at the RBI's public debt office.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This inconsistency prompted the Janakiraman Committee, a Joint Parliamentary Committee created by the central bank, to conduct a more thorough inquiry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta had formed strong relationships in the financial system throughout his climb during the 1980s. Mehta had taken a \\\\\\\"shortcut\\\\\\\" that the banks used while dealing in government securities, much like many other brokers at the time.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Although \u003ca href=\\\\\\\"https://opoyi.com/topic/rbi\\\\\\\"\u003eRBI\u003c/a\u003e norms required banks to engage directly with other banks in security transactions, they decided to depend on brokers since it was faster and easier. Many banks adopted a practice known as ready-forward deals (RFD) to improve the value of their government bond holdings. RFDs were secured, 15-day short-term loans given by one bank to another.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/how-india-can-fight-ransomware-attacks\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The loans were made in exchange for government securities. As a result, the borrower bank was required to sell securities to the lending bank and then repurchase them at the end of the term at a somewhat higher price.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Harshad Mehta worked as a broker for a number of banks interested in dealing in government securities. He would act as a go-between for banks looking to sell or purchase securities, thereby benefiting himself.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/impact-of-us-feds-biggest-rate-hike-since-1994-on-india\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bank receipts (BRs) were issued at the time by borrower banks to lender banks eager to purchase securities. This meant that no real securities were exchanged, and only BRs were produced.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For example, if one bank wanted to purchase and another wanted to sell securities, Harshad Mehta would contact both banks as a broker. The cycle grew as Mehta increased his dealings with several banks by using forged bank receipts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It should be emphasised that Harshad Mehta partnered with officials from the Bank of Karad and the Metropolitan Cooperative Bank to obtain fake bank receipts. Mehta utilised these fraudulent bank receipts to steal money from banks, which he subsequently redirected to the stock market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/english/wall-street-enters-bear-market-what-does-it-mean-for-investors\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following Sucheta Dalal's revelation, Mehta's investors lost trust in him, and a slew of investigating authorities, including the \u003ca href=\\\\\\\"https://opoyi.com/topic/cbi\\\\\\\"\u003eCBI\u003c/a\u003e, began looking into him. After spending three months in prison with his brother Ashwin Mehta, he hinted that securities fraud may be connected to a bigger issue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following the securities fraud, Harshad Mehta made numerous outrageous statements. One of the assertions was that he obtained government assistance from prominent people. He even claimed to have paid one crore rupees to then-Prime Minister PV Narasimha Rao. The allegations were never proven.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He was later charged and convicted of diverting funds from the public sector Maruti Udyog Limited (MUL) to his own accounts, as well as misappropriating about Rs 2.5 billion. He was detained again by the CBI in 2001 for the latter offence and did not get bail till his death later that year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/scam-1992-grabs-place-in-imdbs-top-10-indian-web-series-of-2020-list\\\\\\\"\u003e'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many bank employees, brokerage firms, bureaucrats, and even politicians were implicated in the high-profile swindle. Numerous people, including R Sitaraman, who was the focal point of the irregularities at SBI, were found guilty on numerous charges of fraud.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Following the scam, the majority of Harshad Mehta's and his family's assets were seized by various agencies, and he was hit with massive income tax fines.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More than 600 civil lawsuits were filed against Harshad Mehta and his family members in addition to 76 criminal charges. All criminal actions against Mehta were dropped shortly after his death in Tihar prison, but a large number of civil suits to recover debts from his family remain intact.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"HarshadMehta","slug":"harshadmehta","id":"Kj2bTG7j1Jyt","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"SEBI","slug":"sebi","id":"3nLmnZjR2Qlg","isSection":0},{"name":"IncomeTax","slug":"incometax","id":"a4k43w03cK0B","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"SBI","slug":"sbi","id":"oR8rR2OsbTVW","isSection":0},{"name":"CBI","slug":"cbi","id":"QukEgfyZhmT2","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"PVNarasimharao","slug":"pvnarasimharao","id":"0nIiKNin1arF","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-28T05:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Harshad Mehta also known as the 'Big Bull' had become a popular figure on Dalal Street in the early 90s until being charged with a securities scam in 1992, thereby ending his bull run. As a result of his extravagant lifestyle after rising to the rank of a celebrity stockbroker, Harshad Mehta was frequently referred to as the Big Bull of Dalal Street or the Amitabh Bachchan of the Indian stock market. The securities scam of 1992 was worth nearly Rs 4,000 crore,Also Read| Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,Harshad Mehta effectively managed to influence equities by unlawfully collecting money from many banks using fake bank receipts, as several financial journalists who covered the scandal recall. He set up a vicious circle of fraud that included large names like the State Bank of India (SBI) and the National Housing Bank (NHB). Also Read| How to survive a market crash,Large-scale modifications were made to the stock market, including a shorter settlement cycle, a minimum balance requirement, and online transactions, among other things. The fraud, however, consisted of more than simply that. Mehta had also exploited flaws in the country's banking system. Also Read| Who is Jyoti Mehta?,Sensex rose from approximately 1,000 points to over 4,500 points between April 1991 and 1992. During this time, Harshad Mehta moved thousands of crores from banks into the stock market. Also Read| Great Depression to COVID: Top 5 market crashes in American history,When the fraud was uncovered by veteran journalist Sucheta Dalal, it came to light how Harshad Mehta had manipulated stocks using banking loopholes. Shortly after the scam was discovered, the stock market had a massacre that severely harmed Mehta's assets. Harshad Mehta's downfall began when it was revealed that SBI had Rs 500 crore missing from its accounts in the form of a Subsidiary General Ledger (SGL) at the RBI's public debt office. This inconsistency prompted the Janakiraman Committee, a Joint Parliamentary Committee created by the central bank, to conduct a more thorough inquiry. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Harshad Mehta had formed strong relationships in the financial system throughout his climb during the 1980s. Mehta had taken a shortcut that the banks used while dealing in government securities, much like many other brokers at the time. Although RBI norms required banks to engage directly with other banks in security transactions, they decided to depend on brokers since it was faster and easier. Many banks adopted a practice known as ready-forward deals (RFD) to improve the value of their government bond holdings. RFDs were secured, 15-day short-term loans given by one bank to another. Also Read| How India can fight ransomware attacks,The loans were made in exchange for government securities. As a result, the borrower bank was required to sell securities to the lending bank and then repurchase them at the end of the term at a somewhat higher price. Harshad Mehta worked as a broker for a number of banks interested in dealing in government securities. He would act as a go-between for banks looking to sell or purchase securities, thereby benefiting himself. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Bank receipts (BRs) were issued at the time by borrower banks to lender banks eager to purchase securities. This meant that no real securities were exchanged, and only BRs were produced. For example, if one bank wanted to purchase and another wanted to sell securities, Harshad Mehta would contact both banks as a broker. The cycle grew as Mehta increased his dealings with several banks by using forged bank receipts. It should be emphasised that Harshad Mehta partnered with officials from the Bank of Karad and the Metropolitan Cooperative Bank to obtain fake bank receipts. Mehta utilised these fraudulent bank receipts to steal money from banks, which he subsequently redirected to the stock market. Also Read| Wall Street enters bear market: What does it mean for investors,Following Sucheta Dalal's revelation, Mehta's investors lost trust in him, and a slew of investigating authorities, including the CBI, began looking into him. After spending three months in prison with his brother Ashwin Mehta, he hinted that securities fraud may be connected to a bigger issue. Following the securities fraud, Harshad Mehta made numerous outrageous statements. One of the assertions was that he obtained government assistance from prominent people. He even claimed to have paid one crore rupees to then-Prime Minister PV Narasimha Rao. The allegations were never proven. He was later charged and convicted of diverting funds from the public sector Maruti Udyog Limited (MUL) to his own accounts, as well as misappropriating about Rs 2.5 billion. He was detained again by the CBI in 2001 for the latter offence and did not get bail till his death later that year. Also Read| 'Scam 1992' grabs place in IMDb's 'Top 10 Indian Web Series of 2020' list,Many bank employees, brokerage firms, bureaucrats, and even politicians were implicated in the high-profile swindle. Numerous people, including R Sitaraman, who was the focal point of the irregularities at SBI, were found guilty on numerous charges of fraud. Following the scam, the majority of Harshad Mehta's and his family's assets were seized by various agencies, and he was hit with massive income tax fines. More than 600 civil lawsuits were filed against Harshad Mehta and his family members in addition to 76 criminal charges. All criminal actions against Mehta were dropped shortly after his death in Tihar prison, but a large number of civil suits to recover debts from his family remain intact.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Harshad Mehta,Dalal Street,SBI,CBI,the \"Big Bull\",the \"Amitabh Bachchan,Indian,the State Bank of India,the National Housing Bank,Sucheta Dalal,Mehta,Harshad Mehta's,RBI,the Janakiraman Committee,Joint Parliamentary Committee","originalPublishedOn":"2022-07-07T14:40:00+05:30"}},{"node":{"id":"VJNHgpIzt41q","slug":"english/how-indian-economy-could-suffer-from-a-us-fed-rate-hike","slugV2":"business/how-indian-economy-could-suffer-from-a-us-fed-rate-hike-710610/","title":"How Indian economy could suffer from a US Fed rate hike","postType":1,"coverMedia":"/opoyi_hwsj6gGPs.jpg","coverCaption":"The US consumer prices inflation surged to a new 40-year high in June, up 9.1% year-on-year (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-27T19:45:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eUS Federal Reserve is raising the key interest rates to contain the soaring inflation\u003c/li\u003e\n \u003cli\u003eRate hikes could could accelerate the foreign fund outflows\u003c/li\u003e\n \u003cli\u003eForeign investors have withdrawn over $30 billion from Indian markets so far in 2022\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658931348633,\\\"strCount\\\":4488,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The United States \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003econsumer prices inflation\u003c/a\u003e surged to a new 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics. The \u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-hit-91-in-june-highest-in-40-years-700349/\\\\\\\"\u003ehigh inflation\u003c/a\u003e is likely to have a cascading impact across emerging market economies such as India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US Federal Reserve is raising the key \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-the-us-fed-reserve-hiking-interest-rates-710352/\\\\\\\"\u003einterest rates\u003c/a\u003e to contain the soaring inflation. With the central bank set to hike rates further outflows from \u003ca href=\\\\\\\"https://opoyi.com/business/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eemerging markets\u003c/a\u003e are likely to continue, putting pressure on the currencies and markets. Specifically for India, it could accelerate the foreign fund outflows, increase the rupee’s woes and weaken domestic macros.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-worried-after-bad-news-from-walmart-710598/\\\\\\\"\u003eWall Street worried after bad news from Walmart\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are five ways in which a sharp Fed rate hike could impact India:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIncrease in risk aversion\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If the Fed increases interest rates sharply, it could raise expectations that the \u003ca href=\\\\\\\"https://opoyi.com/business/us-economy-sending-mixed-signals-heres-what-it-all-means-710478/\\\\\\\"\u003eUS economy\u003c/a\u003e is headed into a recession. If recessionary concerns deepen, investors are likely to stick to safer assets like gold and avoid riskier assets. Foreign investors have already withdrawn over $30 billion from \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e bond and equity markets so far in 2022. This trend will accelerate if risk aversion sets in and foreign investors become further bearish on India.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-meeting-when-and-where-to-watch-the-fomc-press-conference-710515/\\\\\\\"\u003eUS Fed meeting: When and where to watch the FOMC press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eShrinking interest rate difference\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During \u003ca href=\\\\\\\"https://opoyi.com/topics/covid/\\\\\\\"\u003eCOVID\u003c/a\u003e, interest rates in the US were close to zero, due to which emerging market asset classes, like India, were attractive to foreign investors. Now if the Fed’s rate increases are faster than that of the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e, it could narrow the interest rate differential between the two economies and accelerate the outflow of dollars from India’s debt and equity markets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/biden-fights-talk-of-recession-as-key-economic-report-looms-710509/\\\\\\\"\u003eBiden fights talk of recession as key economic report looms\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWeaker rupee\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The narrowing interest rate differential is likely to negatively \u003ca href=\\\\\\\"https://opoyi.com/amp/india/how-us-fed-rate-hike-impacts-the-indian-rupee-332980/\\\\\\\"\u003eimpact the Indian rupee\u003c/a\u003e. The rupee has been on a downward slope against the dollar, with the Indian currency hitting record lows. If the interest rate differential between India and the US shrinks, it will lead to a decline in forwarding points, and the incentive to take on carry trades will be low. In addition, a widening trade deficit, a global dollar shortage, and an increase in foreign portfolio outflows will put pressure on the Indian currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/the-2008-market-crash-inside-the-doomsday-machine-and-a-brief-history-710488/\\\\\\\"\u003eThe 2008 market crash: Inside the doomsday machine and a brief history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWidening trade deficit\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Trade deficit is the difference between a country’s exports and imports. A weakening rupee can further increase India’s trade deficit and also make imports costlier. This could consequently raise the current account deficit further.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-fed-begins-policy-meeting-with-the-goal-of-taming-inflation-710425/\\\\\\\"\u003eUS Fed begins policy meeting with the goal of taming inflation\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUpward pressure on bond yields\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Global oil prices and wild swings in the US bond market typically affect Indian bond yields. An aggressive Fed rate hike can push the 10-year US Treasury bond yield higher. Consequently, India’s 10-year bond yield will also see upward pressure, in the backdrop of a weakening rupee and heavy debt supply. As a result, the government’s borrowing costs are set to rise.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"FederalReserve","slug":"federalreserve","id":"nAfUON56zYbS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"rupees","slug":"rupees","id":"vWXJN3VBs9Ut","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-27T12:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The United States consumer prices inflation surged to a new 40-year high in June, up 9.1% year-on-year, according to data released by the Bureau of Labor Statistics. The high inflation is likely to have a cascading impact across emerging market economies such as India. The US Federal Reserve is raising the key interest rates to contain the soaring inflation. With the central bank set to hike rates further outflows from emerging markets are likely to continue, putting pressure on the currencies and markets. Specifically for India, it could accelerate the foreign fund outflows, increase the rupee’s woes and weaken domestic macros. Also Read | Wall Street worried after bad news from Walmart,Here are five ways in which a sharp Fed rate hike could impact India:,Increase in risk aversion,If the Fed increases interest rates sharply, it could raise expectations that the US economy is headed into a recession. If recessionary concerns deepen, investors are likely to stick to safer assets like gold and avoid riskier assets. Foreign investors have already withdrawn over $30 billion from Indian bond and equity markets so far in 2022. This trend will accelerate if risk aversion sets in and foreign investors become further bearish on India. Also Read | US Fed meeting: When and where to watch the FOMC press conference,Shrinking interest rate difference,During COVID, interest rates in the US were close to zero, due to which emerging market asset classes, like India, were attractive to foreign investors. Now if the Fed’s rate increases are faster than that of the Reserve Bank of India, it could narrow the interest rate differential between the two economies and accelerate the outflow of dollars from India’s debt and equity markets. Also Read | Biden fights talk of recession as key economic report looms,Weaker rupee,The narrowing interest rate differential is likely to negatively impact the Indian rupee. The rupee has been on a downward slope against the dollar, with the Indian currency hitting record lows. If the interest rate differential between India and the US shrinks, it will lead to a decline in forwarding points, and the incentive to take on carry trades will be low. In addition, a widening trade deficit, a global dollar shortage, and an increase in foreign portfolio outflows will put pressure on the Indian currency. Also Read | The 2008 market crash: Inside the doomsday machine and a brief history,Widening trade deficit,Trade deficit is the difference between a country’s exports and imports. A weakening rupee can further increase India’s trade deficit and also make imports costlier. This could consequently raise the current account deficit further. Also Read | US Fed begins policy meeting with the goal of taming inflation,Upward pressure on bond yields,Global oil prices and wild swings in the US bond market typically affect Indian bond yields. An aggressive Fed rate hike can push the 10-year US Treasury bond yield higher. Consequently, India’s 10-year bond yield will also see upward pressure, in the backdrop of a weakening rupee and heavy debt supply. As a result, the government’s borrowing costs are set to rise.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"India,Fed,United States,the Bureau of Labor Statistics,The US Federal Reserve,COVID,the Reserve Bank of India,US Treasury,US Fed rate hike, stock market, Indian economy,US Fed hike Impact on India","originalPublishedOn":"2022-07-27T12:40:00+05:30"}},{"node":{"id":"8YeFxeciKfJB","slug":"english/india-on-track-to-release-cbdc-says-rbi-official","slugV2":"india/india-on-track-to-release-cbdc-says-rbi-official-709199/","title":"India on track to release CBDC says RBI official","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"The CBDC is likely to be introduced in 2023 (Photo Credit: Twitter/ @ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-25T15:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Central Bank Digital Currency was announced during the Union Budget 2022-2023\u003c/li\u003e\n \u003cli\u003eThe Reserve Bank of India is set to test CBDC via proof of concept, and then pilot programs\u003c/li\u003e\n \u003cli\u003eThe CBDC is likely to launch in 2023.\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658740786364,\\\"strCount\\\":2329,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The implementation of the Central Bank Digital Currency will be done in stages for the wholesale and retail segments, a Reserve Bank of India official told News18. The CBDC was announced earlier this year in the Union Budget 2022-2023 by \u003ca href=\\\\\\\"https://opoyi.com/topics/finance/\\\\\\\"\u003eFinance\u003c/a\u003e Minister Nirmala Sitharaman.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Part of the graded approach to introducing the CBDC will be initially via Proof of Concept tests, followed by pilots and finally the launch says the RBI’s Annual Report. Proof of Concept refers to the implementation of a suggested exercise to determine viability of a product or system, essentially, to see whether it can be turned into reality.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/limited-privacy-while-using-digital-yuan-says-pboc-709178/\\\\\\\"\u003e'Limited privacy' while using digital Yuan, says PBOC\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A CBDC is a cash-like digital currency that is supposed to be used for retail transactions by users. While they are not meant to replace the current system of bank notes and coins immediately, they will certainly change the way current financial systems operate. In addition, a CBDC is a sovereign-backed currency which is the 1 to 1 equivalent to the fiat currency of a country.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The requisite amendments to the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Act, 1934 have been via the Finance Bill 2022, the executive director (fintech) of the RBI, Ajay Kumar Choudhary, told News18. The RBI has launched a pilot and issued the CBDC with the passage of the Finance Bill 2022, Choudhary said at an event last week. “RBI is also working on phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segment,\\\\\\\" Choudhary said at the PICUP Fintech Conference \u0026amp; Awards by \u003ca href=\\\\\\\"https://opoyi.com/topics/ficci/\\\\\\\"\u003eFICCI\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the central banking institution, the digital currency will have to be at par with the bank’s policy towards financial stability while keeping in mind the efficiency of existing currency and payment systems. In addition to introducing the CBDC in stages, the RBI has set up the\u0026nbsp;Reserve Bank Innovation Hub in an effort to \\\\\\\"foster innovation in a sustainable manner and through an institutional set-up.\\\\\\\" The RBI Innovation Hub is currently based out of \u003ca href=\\\\\\\"https://opoyi.com/topics/bangalore/\\\\\\\"\u003eBangalore\u003c/a\u003e.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":{"name":"Mumbai, Maharashtra, India"},"createdBy":{"name":"Rwit ","photo":"","username":"RwitG","id":"qTgouOtFVuIH","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"DigitalPayment","slug":"digitalpayment","id":"XlPWX4CvETyG","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Currency","slug":"currency","id":"7xmHuXmTpwKw","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"FICCI","slug":"ficci","id":"pJzkBjc3InEm","isSection":0},{"name":"Bangalore","slug":"bangalore","id":"larEhFZH4SyF","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Rwit ","id":"qTgouOtFVuIH","username":"RwitG","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-25T15:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The implementation of the Central Bank Digital Currency will be done in stages for the wholesale and retail segments, a Reserve Bank of India official told News18. The CBDC was announced earlier this year in the Union Budget 2022-2023 by Finance Minister Nirmala Sitharaman. ,Part of the graded approach to introducing the CBDC will be initially via Proof of Concept tests, followed by pilots and finally the launch says the RBI’s Annual Report. Proof of Concept refers to the implementation of a suggested exercise to determine viability of a product or system, essentially, to see whether it can be turned into reality. ,Also Read: 'Limited privacy' while using digital Yuan, says PBOC,A CBDC is a cash-like digital currency that is supposed to be used for retail transactions by users. While they are not meant to replace the current system of bank notes and coins immediately, they will certainly change the way current financial systems operate. In addition, a CBDC is a sovereign-backed currency which is the 1 to 1 equivalent to the fiat currency of a country. The requisite amendments to the RBI Act, 1934 have been via the Finance Bill 2022, the executive director (fintech) of the RBI, Ajay Kumar Choudhary, told News18. The RBI has launched a pilot and issued the CBDC with the passage of the Finance Bill 2022, Choudhary said at an event last week. “RBI is also working on phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segment, Choudhary said at the PICUP Fintech Conference \u0026 Awards by FICCI. According to the central banking institution, the digital currency will have to be at par with the bank’s policy towards financial stability while keeping in mind the efficiency of existing currency and payment systems. In addition to introducing the CBDC in stages, the RBI has set up the Reserve Bank Innovation Hub in an effort to foster innovation in a sustainable manner and through an institutional set-up. The RBI Innovation Hub is currently based out of Bangalore.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"19.076","longitude":"72.8777","name":"Mumbai, Maharashtra, India","city":"Mumbai"},"keywords":"News18,CBDC,RBI,Choudhary,the Central Bank Digital Currency,a Reserve Bank of India,the Union Budget,Finance,Nirmala Sitharaman,the RBI Act,Bill 2022,Ajay Kumar Choudhary,the PICUP Fintech Conference,FICCI,The RBI Innovation Hub","originalPublishedOn":"2022-07-25T15:40:00+05:30"}},{"node":{"id":"38x1cl4kCdzY","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-july-25-2022","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-july-25-2022-708932/","title":"Trade Setup: Top 15 things to know before market opens on July 25, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in green with the BSE Mid cap index falling 0.17%, while Small cap index was up by 0.21% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-25T07:02:44+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex rose 390.28 points or 0.70% to 56,072.23 and the Nifty was up by 114.20 points or 0.69% to 16,719.45\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 1.23% to 16.65 on Friday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a negative opening for the index in India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658712763798,\\\"strCount\\\":9628,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity\\\\nbenchmarks continued their rally for the sixth consecutive session and ended\\\\nover half a percent higher on Friday led by gains in Banking, Basic Materials\\\\nand \u003ca href=\\\\\\\"https://opoyi.com/topics/fmcg/\\\\\\\"\u003eFMCG\u003c/a\u003e stocks. Markets gained traction in late afternoon deals, as some\\\\noptimism remained among traders with Reserve Bank Governor Shaktikanta Das’\\\\nstatement that the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e was confident of achieving its growth-inflation aim of\\\\nensuring a soft landing for the economy, 'where inflation is brought down\\\\ncloser to the target of 4% over a period of time. At the same time, the growth\\\\nsacrifice is within manageable limits'.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/why-big-tech-mergers-are-bad-news-for-everyday-consumers-707256/\\\\\\\"\u003eWhy Big Tech mergers are bad news for everyday consumers\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has\\\\nformed a small positive candle on the daily chart with minor upper and lower\\\\nshadows, and appears to be approaching strong overhead resistance around\\\\n16,800, according to Nagaraj Shetti, Technical Research Analyst at HDFC\\\\nSecurities. The bulls need to be\\\\ncareful at the higher levels, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/japans-inflation-remains-above-central-banks-2-target-707112/\\\\\\\"\u003eJapan's inflation remains above central bank's 2% target\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex rose 390.28 points or 0.70% to 56,072.23 and the\\\\nNifty was up by 114.20 points or 0.69% to 16,719.45. \u0026nbsp;in the previous session. Sensex touched high\\\\nand low of 56,186.05 and 55,685.45, respectively. There were 18 stocks\\\\nadvancing against 12 stock declining on the index. Nifty traded in a range of 16,752.25\\\\nand 16,610.90. There were 27 stocks advancing against 23 stocks declining on\\\\nthe index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/national-herald-case-officials-detain-shashi-tharoor-sachin-pilot-ashok-gehlot-for-protest-706420/\\\\\\\"\u003eNational Herald case: Officials detain Shashi Tharoor, Sachin Pilot, Ashok Gehlot for protest\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Mid cap\\\\nindex falling 0.17%, while Small cap index was up by 0.21%. On the sectoral\\\\nfront, Bankex was up by 1.49%, Basic Materials was up by 1.26%, FMCG was up by\\\\n0.43%, Realty was up by 0.37%, Auto was up by 0.30% while, Power down by 0.93%,\\\\nTECK down by 0.77%, Utilities down by 0.75%, \u003ca href=\\\\\\\"https://opoyi.com/topics/telecom/\\\\\\\"\u003eTelecom\u003c/a\u003e down by 0.69%, IT down by\\\\n0.69% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-ready-to-spend-up-to-100-billion-more-to-protect-rupee-report-705566/\\\\\\\"\u003eRBI ready to spend up to $100 billion more to protect rupee: report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndia VIX Index\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nifty or India VIX, a\\\\ngauge of the market's expectation of volatility over the near term, fell 1.23%\\\\nto 16.65 on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate\\\\na negative opening for the index in India with a 59 points loss. The Nifty futures were trading\\\\nat\u0026nbsp;16,665.50 on the Singaporean Exchange\\\\naround 07:00 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\\\\\"\u003eRupee hits all-time low of 80; why is it falling?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and\\\\nResistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support level\\\\nfor the Nifty is placed at 16,636, followed by 16,553. If the index moves up,\\\\nthe key resistance levels to watch out for are 16,777 and 16,835, according to\\\\npivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 37.32 points, or 0.9%, to 3,961.63.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 137.61 points, or 0.4%, to 31,899.29.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 225.50 points, or 1.9%, to 11,834.11.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 29.81 points, or 1.6%, to 1,806.88.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets ended\\\\nmostly higher on Friday. The Heng Seng rose 0.17%, Nikkei 225 rose 0.40% while\\\\nthe Shanghai Composite fell 0.06% and the KOSPI Composite fell 0.66%. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\u003cb\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets\\\\nended mostly higher on Friday, London's FTSE 100 was up by 0.08%, France's CAC\\\\n40 was up by 0.25% and Germany’s DAX was up by 0.053%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/elon-musk-had-an-affair-with-google-co-founder-sergey-brins-wife-nicole-shanahan-report-708880/\\\\\\\"\u003eElon Musk had an affair with Google co-founder Sergey Brin's wife Nicole Shanahan: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eReliance Q1 Results: Consolidated profit jumped\\\\n41% to Rs 19,443 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The billionaire Mukesh Ambani-led company conglomerate\\\\nreported strong operating and financial performance across all businesses for\\\\nthe quarter ended June 2022, with the highest ever quarterly revenue for O2C\\\\n(oil-to-chemical0 business in a volatile environment, and best ever quarterly\\\\nrevenue for Reliance Retail, and Jio Platforms. The company recorded a 41%\\\\nyear-on-year growth in consolidated profit after tax (PAT) at Rs 19,443 crore\\\\nin the first quarter of fiscal 2023. Gross revenue surged by 53% to Rs 2,42,982\\\\ncrore for the quarter compared to year-ago period. EBITDA for the quarter stood\\\\nat Rs 40,179 crore, higher by 45.8%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/monkeypox-case-in-delhi-report-india-tally-at-4-as-who-sounds-alert-708546/\\\\\\\"\u003eMonkeypox case in Delhi: Report; India tally at 4 as WHO sounds alert\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eInfosys Q1 Results: Profit jumps 3.2% YoY to Rs\\\\n5,360 crore, Revenue jumps 24%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The IT giant reported a 3.2% year-on-year rise in\\\\nconsolidated net profit at Rs 5,360 crore for the April-June quarter of fiscal\\\\n2023. The profit in the year-ago period was Rs 5,195 crore. Sequentially, there\\\\nwas a 5.7% decline in profit to Rs 5,686 crore. Revenue was up 24% year-on-year\\\\nto Rs 34,470 crore, from Rs 27,896 crore in the corresponding quarter a year\\\\nago. The attrition rate was 28.4% in reported quarter, up from 13.9 a year-ago\\\\nand 27.7% on a sequential basis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/what-are-the-perks-enjoyed-by-the-president-of-india-708040/\\\\\\\"\u003eWhat are the perks enjoyed by the President of India?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eICICI Bank Q1 Results: Net profit rises 50% to\\\\nRs 6,905 crore, asset quality improves\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The country’s second-largest private sector bank reported a\\\\n50% year-on-year growth in standalone profit at Rs 6,905 crore for the quarter\\\\nended June 2022, as bad loan provisions fell sharply compared to year-ago\\\\nperiod. Net interest income rose by 20.8% to Rs 13,210 crore, compared to Rs\\\\n10,936 crore reported in corresponding period of previous financial year.\\\\nAdvances grew 21% and deposits increased 13% year-on-year. Asset quality showed\\\\nimprovement on a sequential basis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eJSW Steel Q1 Results: PAT declines 86% to Rs\\\\n838 crore, revenue grew 32%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The steel firm has reported a 86% year-on-year decline in\\\\nconsolidated profit at Rs 839 crore for the first quarter of the financial year\\\\n2022-23, impacted by weak operating performance. Operating expenses stood\\\\nhigher including higher input costs, finance costs, and power \u0026amp; fuel costs.\\\\nRevenue jumped 32% year-on-year to Rs 38,086 crore during the quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-what-is-the-west-bengal-teacher-recruitment-scam-707932/\\\\\\\"\u003eExplained: What is the West Bengal teacher recruitment scam\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003e\u003cb\u003eBulk Deal data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED sold 6,02,507 shares in\\\\nAnsal Housing Limited at Rs 7.87 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KISHAN MUNDRA sold 3,36,000 shares in CMM Infraprojects Limited at Rs\\\\n12.66 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NIKUNJ KAUSHIK SHAH sold 1,04,000 shares in Kck Industries Limited at Rs\\\\n29.79 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"HEMRAJ BHIMSHI GALA sold 93,320 shares in Kshitij Polyline Limited at Rs\\\\n29.95 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/gst-rate-hike-list-of-items-that-will-become-more-expensive-from-july-18-701781/\\\\\\\"\u003eGST rate hike: List of items that will become more expensive from July 18\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"P S SHETH sold 1,60,257 shares in Libas Consu Products Limited at Rs\\\\n25.01 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VICTUS ENTERPRISE LLP bought 1,26,815 shares in Likhitha Infrastructure\\\\nLimited at Rs 292.61 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"TAPOVAN FARMS LLP bought 9,00,000 shares in Nath Bio-Genes (I) Limited\\\\nat Rs 205.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"INVESTMENT OPPORTUNITIES V PTE LIMITED sold 69,37,808 shares in PVP\\\\nVentures Limited at Rs 6.01 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"JAYESH CHINUBHAI SHAH sold 2,10,000 shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/sona/\\\\\\\"\u003eSona\u003c/a\u003e Hi Sona Jewell G\\\\nLimited at Rs 12.10 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"KOMAL sold 192,75,003 shares in Vikas Prop \u0026amp; Granite Limited at Rs\\\\n0.84 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/fiianddii/\\\\\\\"\u003e\u003cb\u003eDII and FII data\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional\\\\ninvestors (FIIs) have net sold shares worth Rs 675.45 crore, whereas domestic\\\\ninstitutional investors (DIIs) net bought shares worth Rs 739.38 crore on July\\\\n22, as per provisional data available on the NSE.\u0026nbsp; \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/foban/\\\\\\\"\u003e\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indiabulls Housing\\\\nFinance, RBL Bank and Delta Corp are the stocks/securities that have been\\\\nplaced under the F\u0026amp;O ban for July 25. Securities in the ban period under\\\\nthe F\u0026amp;O segment include companies in which the security has crossed 95% of\\\\nthe market-wide position limit.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ICICIBank","slug":"icicibank","id":"1yMaWjG140NK","isSection":0},{"name":"FMCG","slug":"fmcg","id":"A5VBmkBOX43n","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Telecom","slug":"telecom","id":"aDpXbsFABceS","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"MukeshAmbani","slug":"mukeshambani","id":"biLrlLjoyYnB","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-25T07:02:43+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks continued their rally for the sixth consecutive session and ended over half a percent higher on Friday led by gains in Banking, Basic Materials and FMCG stocks. Markets gained traction in late afternoon deals, as some optimism remained among traders with Reserve Bank Governor Shaktikanta Das’ statement that the RBI was confident of achieving its growth-inflation aim of ensuring a soft landing for the economy, 'where inflation is brought down closer to the target of 4% over a period of time. At the same time, the growth sacrifice is within manageable limits'. Also Read | Why Big Tech mergers are bad news for everyday consumers,The Nifty50 has formed a small positive candle on the daily chart with minor upper and lower shadows, and appears to be approaching strong overhead resistance around 16,800, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The bulls need to be careful at the higher levels, he said. Also Read | Japan's inflation remains above central bank's 2% target,Indian Indices,Sensex rose 390.28 points or 0.70% to 56,072.23 and the Nifty was up by 114.20 points or 0.69% to 16,719.45. in the previous session. Sensex touched high and low of 56,186.05 and 55,685.45, respectively. There were 18 stocks advancing against 12 stock declining on the index. Nifty traded in a range of 16,752.25 and 16,610.90. There were 27 stocks advancing against 23 stocks declining on the index. Also Read | National Herald case: Officials detain Shashi Tharoor, Sachin Pilot, Ashok Gehlot for protest,Broader Indices,The broader indices ended in green with the BSE Mid cap index falling 0.17%, while Small cap index was up by 0.21%. On the sectoral front, Bankex was up by 1.49%, Basic Materials was up by 1.26%, FMCG was up by 0.43%, Realty was up by 0.37%, Auto was up by 0.30% while, Power down by 0.93%, TECK down by 0.77%, Utilities down by 0.75%, Telecom down by 0.69%, IT down by 0.69% were the top losing indices on BSE. Also Read | RBI ready to spend up to $100 billion more to protect rupee: report,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.23% to 16.65 on Friday. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 59 points loss. The Nifty futures were trading at 16,665.50 on the Singaporean Exchange around 07:00 hours IST. Also Read | Rupee hits all-time low of 80; why is it falling?,Support and Resistance levels,The key support level for the Nifty is placed at 16,636, followed by 16,553. If the index moves up, the key resistance levels to watch out for are 16,777 and 16,835, according to pivot charts. US Markets,The S\u0026P 500 fell 37.32 points, or 0.9%, to 3,961.63. The Dow Jones Industrial Average fell 137.61 points, or 0.4%, to 31,899.29. The Nasdaq fell 225.50 points, or 1.9%, to 11,834.11. The Russell 2000 index of smaller companies fell 29.81 points, or 1.6%, to 1,806.88. Also Read | What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,Asian Markets,Asian markets ended mostly higher on Friday. The Heng Seng rose 0.17%, Nikkei 225 rose 0.40% while the Shanghai Composite fell 0.06% and the KOSPI Composite fell 0.66%. ,European Markets,European markets ended mostly higher on Friday, London's FTSE 100 was up by 0.08%, France's CAC 40 was up by 0.25% and Germany’s DAX was up by 0.053%. Also Read | Elon Musk had an affair with Google co-founder Sergey Brin's wife Nicole Shanahan: Report,Major News Headlines,Reliance Q1 Results: Consolidated profit jumped 41% to Rs 19,443 crore,The billionaire Mukesh Ambani-led company conglomerate reported strong operating and financial performance across all businesses for the quarter ended June 2022, with the highest ever quarterly revenue for O2C (oil-to-chemical0 business in a volatile environment, and best ever quarterly revenue for Reliance Retail, and Jio Platforms. The company recorded a 41% year-on-year growth in consolidated profit after tax (PAT) at Rs 19,443 crore in the first quarter of fiscal 2023. Gross revenue surged by 53% to Rs 2,42,982 crore for the quarter compared to year-ago period. EBITDA for the quarter stood at Rs 40,179 crore, higher by 45.8%. Also Read | Monkeypox case in Delhi: Report; India tally at 4 as WHO sounds alert,Infosys Q1 Results: Profit jumps 3.2% YoY to Rs 5,360 crore, Revenue jumps 24%,The IT giant reported a 3.2% year-on-year rise in consolidated net profit at Rs 5,360 crore for the April-June quarter of fiscal 2023. The profit in the year-ago period was Rs 5,195 crore. Sequentially, there was a 5.7% decline in profit to Rs 5,686 crore. Revenue was up 24% year-on-year to Rs 34,470 crore, from Rs 27,896 crore in the corresponding quarter a year ago. The attrition rate was 28.4% in reported quarter, up from 13.9 a year-ago and 27.7% on a sequential basis. Also Read | What are the perks enjoyed by the President of India?,ICICI Bank Q1 Results: Net profit rises 50% to Rs 6,905 crore, asset quality improves,The country’s second-largest private sector bank reported a 50% year-on-year growth in standalone profit at Rs 6,905 crore for the quarter ended June 2022, as bad loan provisions fell sharply compared to year-ago period. Net interest income rose by 20.8% to Rs 13,210 crore, compared to Rs 10,936 crore reported in corresponding period of previous financial year. Advances grew 21% and deposits increased 13% year-on-year. Asset quality showed improvement on a sequential basis. JSW Steel Q1 Results: PAT declines 86% to Rs 838 crore, revenue grew 32%,The steel firm has reported a 86% year-on-year decline in consolidated profit at Rs 839 crore for the first quarter of the financial year 2022-23, impacted by weak operating performance. Operating expenses stood higher including higher input costs, finance costs, and power \u0026 fuel costs. Revenue jumped 32% year-on-year to Rs 38,086 crore during the quarter. Also Read | Explained: What is the West Bengal teacher recruitment scam,Bulk Deal data,HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED sold 6,02,507 shares in Ansal Housing Limited at Rs 7.87 per share on the NSE. KISHAN MUNDRA sold 3,36,000 shares in CMM Infraprojects Limited at Rs 12.66 per share on the NSE. NIKUNJ KAUSHIK SHAH sold 1,04,000 shares in Kck Industries Limited at Rs 29.79 per share on the NSE. HEMRAJ BHIMSHI GALA sold 93,320 shares in Kshitij Polyline Limited at Rs 29.95 per share on the NSE. Also Read | GST rate hike: List of items that will become more expensive from July 18,P S SHETH sold 1,60,257 shares in Libas Consu Products Limited at Rs 25.01 per share on the NSE. VICTUS ENTERPRISE LLP bought 1,26,815 shares in Likhitha Infrastructure Limited at Rs 292.61 per share on the NSE. TAPOVAN FARMS LLP bought 9,00,000 shares in Nath Bio-Genes (I) Limited at Rs 205.00 per share on the NSE. INVESTMENT OPPORTUNITIES V PTE LIMITED sold 69,37,808 shares in PVP Ventures Limited at Rs 6.01 per share on the NSE. JAYESH CHINUBHAI SHAH sold 2,10,000 shares in Sona Hi Sona Jewell G Limited at Rs 12.10 per share on the NSE. KOMAL sold 192,75,003 shares in Vikas Prop \u0026 Granite Limited at Rs 0.84 per share on the NSE. DII and FII data,Foreign institutional investors (FIIs) have net sold shares worth Rs 675.45 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 739.38 crore on July 22, as per provisional data available on the NSE. ,NSE F\u0026O Ban,Indiabulls Housing Finance, RBL Bank and Delta Corp are the stocks/securities that have been placed under the F\u0026O ban for July 25. Securities in the ban period under the F\u0026O segment include companies in which the security has crossed 95% of the market-wide position limit.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"NSE,VIX,Asian,Indian,FMCG,Reserve Bank,Shaktikanta Das,RBI,Indian Indices Sensex,Bankex,Utilities,Telecom,Stock market, share market, sensex, nifty, NSE, BSE, Business News,stock market, stock market news, trade setup, trade setup today, trade setup july ","originalPublishedOn":"2022-07-25T07:02:43+05:30"}},{"node":{"id":"3Ximb6ZXKGtr","slug":"english/what-is-the-difference-between-wpi-and-cpi","slugV2":"business/what-is-the-difference-between-wpi-and-cpi-707211/","title":"What is the difference between WPI and CPI?","postType":1,"coverMedia":"/opoyi_e7xscq5Cq.jpg","coverCaption":"A crucial difference is that the WPI does not account for changes in the pricing of services like haircuts or banking transactions. However, the CPI does. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-12T20:22:30+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eCPI measures the change in retail prices of basic goods and services purchased by households\u003c/li\u003e\n \u003cli\u003eWPI measures changes in the average prices of goods sold in bulk and transacted between businesses or entities\u003c/li\u003e\n \u003cli\u003eBoth WPI and CPI are used to measure inflation\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658481283190,\\\"strCount\\\":3299,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-wholesale-price-index-wpi-707196/\\\\\\\"\u003eWholesale Price Index (WPI)\u003c/a\u003e and the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eConsumer Price Index (CPI)\u003c/a\u003e are two important measures for determining the prices of goods and services in an economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-wholesale-price-index-wpi-707196/\\\\\\\"\u003eWhat is Wholesale Price Index (WPI)?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In addition, both the WPI and the CPI are used to measure \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e. As a result, while both terms are frequently used to communicate the same meaning, they are extremely distinct.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Consumer Price Index (CPI) measures the change in retail prices of basic goods and services purchased by households.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eWhat is Consumer Price Index (CPI)?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The index tracks these prices at the item level and their rural and urban price movements, as well as the price movement of the total basket of goods and services at the rural, urban, and all-India levels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While the Wholesale Price Index (WPI) measures changes in the average prices of goods sold in bulk and transacted between businesses or entities rather than goods purchased by consumers.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-2016-703953/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code 2016?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The WPI is known as the wholesale inflation rate, whereas the CPI is known as the retail inflation rate. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"WPI and CPI are both price indexes. To put it another way, there are two distinct baskets of goods and services. Based on what is important to those two sorts of consumers, the government allocates different weights to different goods and services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Ministry of Statistics and Programme Implementation (MoSPI) compiles CPI-based inflation statistics, whereas the Economic Advisor at the Ministry of Commerce and Industry compiles WPI-based inflation data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee-699199/\\\\\\\"\u003eExplained: Why has RBI allowed international trade settlement in Rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The WPI is dominated by manufactured goods prices, whereas the CPI is dominated by food costs. As a result, if food costs rise dramatically, the retail \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e rate will rise significantly more than the wholesale inflation rate. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the prices of manufactured goods (such as televisions and automobiles) skyrocket, the opposite will occur.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A crucial difference is that the WPI does not account for changes in the pricing of services like haircuts or banking transactions. However, the CPI does. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If services such as transportation, education, recreation and amusement, personal care, and so on become much more expensive, retail inflation will rise while wholesale price inflation will remain unaffected.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-22T14:44:41+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Wholesale Price Index (WPI) and the Consumer Price Index (CPI) are two important measures for determining the prices of goods and services in an economy. Also Read| What is Wholesale Price Index (WPI)?,In addition, both the WPI and the CPI are used to measure inflation. As a result, while both terms are frequently used to communicate the same meaning, they are extremely distinct. The Consumer Price Index (CPI) measures the change in retail prices of basic goods and services purchased by households. Also Read| What is Consumer Price Index (CPI)?,The index tracks these prices at the item level and their rural and urban price movements, as well as the price movement of the total basket of goods and services at the rural, urban, and all-India levels. While the Wholesale Price Index (WPI) measures changes in the average prices of goods sold in bulk and transacted between businesses or entities rather than goods purchased by consumers. ,Also Read| What is Insolvency and Bankruptcy Code 2016?,The WPI is known as the wholesale inflation rate, whereas the CPI is known as the retail inflation rate. ,WPI and CPI are both price indexes. To put it another way, there are two distinct baskets of goods and services. Based on what is important to those two sorts of consumers, the government allocates different weights to different goods and services. Also Read| What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,The Ministry of Statistics and Programme Implementation (MoSPI) compiles CPI-based inflation statistics, whereas the Economic Advisor at the Ministry of Commerce and Industry compiles WPI-based inflation data. Also Read| Explained: Why has RBI allowed international trade settlement in Rupee,The WPI is dominated by manufactured goods prices, whereas the CPI is dominated by food costs. As a result, if food costs rise dramatically, the retail inflation rate will rise significantly more than the wholesale inflation rate. ,When the prices of manufactured goods (such as televisions and automobiles) skyrocket, the opposite will occur. Also Read| How inflation affects RBI’s interest rate policy,A crucial difference is that the WPI does not account for changes in the pricing of services like haircuts or banking transactions. However, the CPI does. ,If services such as transportation, education, recreation and amusement, personal care, and so on become much more expensive, retail inflation will rise while wholesale price inflation will remain unaffected.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"WPI,India,The Ministry of Statistics,the Economic Advisor,the Ministry of Commerce and Industry","originalPublishedOn":"2022-07-22T14:44:41+05:30"}},{"node":{"id":"Y2FXwzidTj3L","slug":"english/what-is-wholesale-price-index-wpi","slugV2":"business/what-is-wholesale-price-index-wpi-707196/","title":"What is Wholesale Price Index (WPI)?","postType":1,"coverMedia":"/opoyi_poGqnyjNx.jpg","coverCaption":"Inflationary pressures in the economy are indicated by a rise in WPI and vice versa. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-22T13:27:03+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Wholesale Price Index is published by the Economic Advisor at the Ministry of Commerce and Industry\u003c/li\u003e\n \u003cli\u003eThe government changed the base year for WPI from 2004-05 to 2011-12 in April 2017\u003c/li\u003e\n \u003cli\u003eThe government uses WPI-based inflation to plan fiscal, trade, and other economic policies.\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658476622295,\\\"strCount\\\":2890,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Wholesale Price Index (WPI) measures changes in the average prices of goods sold in bulk and transacted between businesses or entities rather than goods purchased by consumers.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-consumer-price-index-cpi-707159/\\\\\\\"\u003eWhat is Consumer Price Index (CPI)?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Economic Advisor at the Ministry of Commerce and Industry publishes the WPI. WPI's aim is to monitor changes in the pricing of items that represent supply and demand in industry, construction, and manufacturing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-2016-703953/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code 2016?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The WPI index basket divides commodities into three categories: primary articles, fuel and power, and manufactured products.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government changed the base year for WPI from 2004-05 to 2011-12 in April 2017. WPI is often used for short-term policy action because it is the only weekly index available.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee-699199/\\\\\\\"\u003eExplained: Why has RBI allowed international trade settlement in Rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"WPI also aids in the measurement of the economy's macroeconomic and microeconomic circumstances. WPI estimates inflation at the wholesale transaction level for the economy as a whole. It also aids the government's prompt involvement in monitoring \u003ca href=\\\\\\\"https://opoyi.com/topics/inflation/\\\\\\\"\u003einflation\u003c/a\u003e before price increases affect retail pricing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government uses WPI-based inflation to plan fiscal, trade, and other economic policies. WPI is used as an indexing tool by business organisations, policymakers, accountants, and statisticians to develop price adjustment clauses.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflationary pressures in the economy are indicated by a rise in WPI and vice versa. The rate of wholesale inflation in the \u003ca href=\\\\\\\"https://opoyi.com/topics/economy/\\\\\\\"\u003eeconomy\u003c/a\u003e is gauged by the magnitude of the WPI's increase.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-the-us-federal-reserves-rate-hike-impacts-rbi-policy-explained-650139/\\\\\\\"\u003eHow the US Federal Reserve's rate hike impacts RBI policy: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The WPI has certain limitations as a measure of inflation since it does not take into account the cost of services and does not accurately represent the country's consumer pricing situation.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-22T13:27:02+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Wholesale Price Index (WPI) measures changes in the average prices of goods sold in bulk and transacted between businesses or entities rather than goods purchased by consumers. ,Also Read| What is Consumer Price Index (CPI)?,The Economic Advisor at the Ministry of Commerce and Industry publishes the WPI. WPI's aim is to monitor changes in the pricing of items that represent supply and demand in industry, construction, and manufacturing. Also Read| What is Insolvency and Bankruptcy Code 2016?,The WPI index basket divides commodities into three categories: primary articles, fuel and power, and manufactured products. Also Read| What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,The government changed the base year for WPI from 2004-05 to 2011-12 in April 2017. WPI is often used for short-term policy action because it is the only weekly index available. Also Read| Explained: Why has RBI allowed international trade settlement in Rupee,WPI also aids in the measurement of the economy's macroeconomic and microeconomic circumstances. WPI estimates inflation at the wholesale transaction level for the economy as a whole. It also aids the government's prompt involvement in monitoring inflation before price increases affect retail pricing. Also Read| How inflation affects RBI’s interest rate policy,The government uses WPI-based inflation to plan fiscal, trade, and other economic policies. WPI is used as an indexing tool by business organisations, policymakers, accountants, and statisticians to develop price adjustment clauses. ,Also Read| Explained: Changes in repo rates and their impact on stock market,Inflationary pressures in the economy are indicated by a rise in WPI and vice versa. The rate of wholesale inflation in the economy is gauged by the magnitude of the WPI's increase. Also Read| How the US Federal Reserve's rate hike impacts RBI policy: Explained,The WPI has certain limitations as a measure of inflation since it does not take into account the cost of services and does not accurately represent the country's consumer pricing situation.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"WPI,The Economic Advisor,the Ministry of Commerce and Industry,Wholesale Price Index","originalPublishedOn":"2022-07-22T13:27:02+05:30"}},{"node":{"id":"UUGfO2MsnTGY","slug":"english/rbi-ready-to-spend-up-to-100-billion-more-to-protect-rupee-report","slugV2":"business/rbi-ready-to-spend-up-to-100-billion-more-to-protect-rupee-report-705566/","title":"RBI ready to spend up to $100 billion more to protect rupee: report","postType":1,"coverMedia":"/opoyi_7XQ5l_pjOA.jpg","coverCaption":"The rupee has lost more than 7% of its value in 2022. (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-20T13:59:25+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI's currency reserves have decreased by more than $60 billion from their peak of $642.450 billion\u003c/li\u003e\n \u003cli\u003eThe rupee plummeted to the low of 80 per US dollar on Tuesday\u003c/li\u003e\n \u003cli\u003eThe rupee depreciated 4 paise to 79.96 against the US dollar on Wednesday\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658305764640,\\\"strCount\\\":3718,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e is ready to sell a sixth of its foreign exchange reserves to safeguard the rupee from further depreciation after it hit historic lows in recent weeks, reported Reuters citing sources.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/oil-and-gas-company-share-rises-upto-11-as-government-cut-windfall-tax-705542/\\\\\\\"\u003eOil and gas company share rises upto 11% as government cut windfall tax\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee has lost more than 7% of its value in 2022 and \u003ca href=\\\\\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\\\\\"\u003eplummeted to the crucial level of 80 per US dollar\u003c/a\u003e on Tuesday, according to Reuters, but the drop would have been significantly more if the Reserve Bank of India (RBI) had not intervened to stop the slide.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/vedanta-share-rises-over-5-on-second-interim-dividend-cut-in-windfall-gains-tax-705525/\\\\\\\"\u003eVedanta share rises over 5% on second interim dividend, cut in windfall gains tax\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI's currency reserves have decreased by more than $60 billion from its peak of $642.450 billion in early September, owing to value fluctuations but mostly to dollar selling intervention.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/sensex-surges-755-points-while-nifty-around-16565-in-early-trade-705510/\\\\\\\"\u003eSensex surges 755 points while Nifty around 16,565 in early trade\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Despite the reduction, the RBI's reserves of $580 billion remain the world's fifth biggest, providing the central bank confidence in its capacity to prevent a quick, abrupt depreciation of the currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fuel-price-july-19-2022-petrol-rs-10531-diesel-rs-9427-in-mumbai-705301/\\\\\\\"\u003eFuel price July 19, 2022: Petrol Rs 105.31, diesel Rs 94.27 in Mumbai\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"They have shown that they will use reserves at will to prevent volatility in the rupee. They have the wherewithal and have demonstrated the willingness to use it and \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e can afford to spend even $100 billion more if required to defend the rupee,\\\\\\\" according to Reuters.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-that-should-be-on-your-watchlist-on-wednesday-july-20-2022-705405/\\\\\\\"\u003eStocks that should be on your watchlist on Wednesday, July 20, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI, as per its stated stance, according to Reuters, does not try to protect the rupee or hold it at a certain level but will act to avoid any runaway depreciation in the currency.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-hul-ambuja-cements-vedanta-and-others-in-news-today-705404/\\\\\\\"\u003eTrending Stocks: HUL, Ambuja Cements, Vedanta and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and to firm crude oil prices.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/heres-what-depreciating-rupee-mean-for-stock-markets-701879/\\\\\\\"\u003eHere's what depreciating rupee means for stock markets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Meanwhile, within less than three weeks of its implementation, the \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/govt-slashes-windfall-tax-on-fuel-export-domestic-crude-oil-705539/\\\\\\\"\u003egovernment reduced windfall taxes\u003c/a\u003e on other fuels and removed a tax on petrol exports.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\\\\\"\u003eRupee hits all-time low of 80; why is it falling?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a government statement, the Centre has lowered the windfall tax on diesel and aviation fuel shipments by Rs 2 per litre and totally eliminated the Rs 6 per litre duty on petrol exports. It also reduced the tariff on domestically produced crude by around 27% to Rs 17,000 per tonne.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"FuelPrices","slug":"fuelprices","id":"Hl9bear61lRv","isSection":0},{"name":"Diesel","slug":"diesel","id":"LYmWvF3MskgB","isSection":0},{"name":"Petrol","slug":"petrol","id":"8ByD5ER8gAjR","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-20T13:59:24+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India is ready to sell a sixth of its foreign exchange reserves to safeguard the rupee from further depreciation after it hit historic lows in recent weeks, reported Reuters citing sources. Also Read| Oil and gas company share rises upto 11% as government cut windfall tax,The rupee has lost more than 7% of its value in 2022 and plummeted to the crucial level of 80 per US dollar on Tuesday, according to Reuters, but the drop would have been significantly more if the Reserve Bank of India (RBI) had not intervened to stop the slide. Also Read| Vedanta share rises over 5% on second interim dividend, cut in windfall gains tax,The RBI's currency reserves have decreased by more than $60 billion from its peak of $642.450 billion in early September, owing to value fluctuations but mostly to dollar selling intervention. Also Read| Sensex surges 755 points while Nifty around 16,565 in early trade,Despite the reduction, the RBI's reserves of $580 billion remain the world's fifth biggest, providing the central bank confidence in its capacity to prevent a quick, abrupt depreciation of the currency. Also Read| Fuel price July 19, 2022: Petrol Rs 105.31, diesel Rs 94.27 in Mumbai,They have shown that they will use reserves at will to prevent volatility in the rupee. They have the wherewithal and have demonstrated the willingness to use it and RBI can afford to spend even $100 billion more if required to defend the rupee, according to Reuters. Also Read| Stocks that should be on your watchlist on Wednesday, July 20, 2022,The RBI, as per its stated stance, according to Reuters, does not try to protect the rupee or hold it at a certain level but will act to avoid any runaway depreciation in the currency. Also Read| Trending Stocks: HUL, Ambuja Cements, Vedanta and others in news today,The rupee depreciated 4 paise to 79.96 against the US dollar in opening trade on Wednesday amid demand for dollar from oil importers and to firm crude oil prices. ,Also Read| Here's what depreciating rupee means for stock markets,Meanwhile, within less than three weeks of its implementation, the government reduced windfall taxes on other fuels and removed a tax on petrol exports. ,Also Read| Rupee hits all-time low of 80; why is it falling?,According to a government statement, the Centre has lowered the windfall tax on diesel and aviation fuel shipments by Rs 2 per litre and totally eliminated the Rs 6 per litre duty on petrol exports. It also reduced the tariff on domestically produced crude by around 27% to Rs 17,000 per tonne.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"The Reserve Bank of India,the Reserve Bank of India,The Reserve Bank of India's,RBI,the US Federal Reserve","originalPublishedOn":"2022-07-20T13:59:24+05:30"}},{"node":{"id":"M0gPB1r6TRgg","slug":"english/crypto-news-daily-bitcoin-data-and-price-analysis-for-july-19-2022","slugV2":"business/crypto-news-daily-bitcoin-data-and-price-analysis-for-july-19-2022-704926/","title":"Crypto news daily: Bitcoin data and price analysis for July 19, 2022","postType":1,"coverMedia":"/opoyi__4r2TOHef.jpg","coverCaption":"Bitcoin has tumbled nearly 70% from its November 10 all-time high of $69,000 (Photo credits: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-19T16:28:46+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBitcoin is currently trading at $21,844.21, up by 1.76%\u003c/li\u003e\n \u003cli\u003eThe Bitcoin fear and greed index on July 19, went to the extreme fear level of 30\u003c/li\u003e\n \u003cli\u003eThe RBI is likely to announce new rules for fintech companies with respect to various aspects\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658228322826,\\\"strCount\\\":3333,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/who-is-the-founder-of-bitcoin-and-why-is-his-identity-shrouded-in-mystery-569242/\\\\\\\"\u003eBitcoin\u003c/a\u003e prices fell over 1% and traded slightly below the\\\\n$22,000 level on Tuesday, July 19, 2022. However, the prices saw earlier in the\\\\nday breaking out of a one-month-old trading range and prompted big jumps in\\\\nsmaller tokens commonly referred to as altcoins. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin has struggled to come\\\\nout of a $19,000 to $22,000 range as investors lick their wounds from a rout\\\\nsparked by tightening monetary policy and exacerbated by the toppling of crypto\\\\nlenders and the TerraUSD stablecoin. The digital token is down over 56% so far\\\\nthis year, and trading over 70% below its record high of $69,000 it had hit in\\\\nNovember 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-earning-reports-rupee-movement-crude-price-to-weigh-on-sensex-nifty-703654/\\\\\\\"\u003eWeek ahead: Earning reports, rupee movement, crude price to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global cryptocurrency market cap was at $1.017\\\\ntrillion, up 0.15% in the last 24 hours. However, the total cryptocurrency 24\\\\nhours trading volume is $106.23 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Bitcoin fear and greed index on Tuesday, July 19, 2022,\\\\nwent from the extreme fear level of 20 to the fear level of 30 as per the\\\\nalternative. me. The Fear and Greed index is a technique for assessing\\\\ninvestors' emotions toward the market.\u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rupee-hits-all-time-low-of-80-why-is-it-falling-704868/\\\\\\\"\u003eRupee hits all-time low of 80; why is it falling?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin is currently trading at $21,844.21, up by 1.76%. In\\\\nthe last 24 hours, the highest it touched was $22,795.04 and the lowest was\\\\n$21,487.54. Bitcoin has a current market cap of $417,168,880,584. It has a\\\\ncirculating supply of 19,097,456.00. BTC coins have a maximum supply of\\\\n21,000,000 coins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/top-5-cryptocurrencies-of-the-day-btc-down-by-1-funtoken-trends-at-no-704754/\\\\\\\"\u003eTop 5 cryptocurrencies of the day: BTC down by 1%, FUNToken trends at no. 1\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCrypto lender Celsius defends Bitcoin mining plans as\\\\nbankruptcy kicks off\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The New Jersey-based cryptocurrency lender Celsius Network\\\\nsaid bitcoin mining is key to the company’s restructuring efforts at a \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e\\\\nbankruptcy court hearing in \u003ca href=\\\\\\\"https://opoyi.com/topics/manhattan/\\\\\\\"\u003eManhattan\u003c/a\u003e. Celsius received approval from US\\\\nBankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a\\\\nnew bitcoin mining facility and $1.5 million on customs and duties on imported\\\\nbitcoin mining rigs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/china-extends-loans-for-developers-to-end-mortgage-boycott-704009/\\\\\\\"\u003eChina extends loans for developers to end mortgage boycott\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI may tighten norms for fintechs as customer complaints\\\\nincrease\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (\u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e) is likely to announce new\\\\nrules for fintech companies with respect to various aspects including credit\\\\noperations and know your customer (KYC) norms, reported Moneycontrol. This is\\\\nagainst the rise in complaints related to some fintechs on charging of usurious\\\\ninterest rates and other issues including non-compliance with KYC, anti-money\\\\nlaundering norms (AML), and lack of ownership disclosures. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-19T16:28:43+05:30","publisher":0,"sourceFeed":null,"cleanText":"Bitcoin prices fell over 1% and traded slightly below the $22,000 level on Tuesday, July 19, 2022. However, the prices saw earlier in the day breaking out of a one-month-old trading range and prompted big jumps in smaller tokens commonly referred to as altcoins. ,Bitcoin has struggled to come out of a $19,000 to $22,000 range as investors lick their wounds from a rout sparked by tightening monetary policy and exacerbated by the toppling of crypto lenders and the TerraUSD stablecoin. The digital token is down over 56% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021. Also Read | Week ahead: Earning reports, rupee movement, crude price to weigh on Sensex, Nifty,The global cryptocurrency market cap was at $1.017 trillion, up 0.15% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $106.23 billion. The Bitcoin fear and greed index on Tuesday, July 19, 2022, went from the extreme fear level of 20 to the fear level of 30 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market. ,Also Read | Rupee hits all-time low of 80; why is it falling?,Bitcoin is currently trading at $21,844.21, up by 1.76%. In the last 24 hours, the highest it touched was $22,795.04 and the lowest was $21,487.54. Bitcoin has a current market cap of $417,168,880,584. It has a circulating supply of 19,097,456.00. BTC coins have a maximum supply of 21,000,000 coins. Also Read | Top 5 cryptocurrencies of the day: BTC down by 1%, FUNToken trends at no. 1,Crypto lender Celsius defends Bitcoin mining plans as bankruptcy kicks off,The New Jersey-based cryptocurrency lender Celsius Network said bitcoin mining is key to the company’s restructuring efforts at a US bankruptcy court hearing in Manhattan. Celsius received approval from US Bankruptcy Judge Martin Glenn to spend $3.7 million in construction costs at a new bitcoin mining facility and $1.5 million on customs and duties on imported bitcoin mining rigs. Also Read | China extends loans for developers to end mortgage boycott,RBI may tighten norms for fintechs as customer complaints increase,The Reserve Bank of India (RBI) is likely to announce new rules for fintech companies with respect to various aspects including credit operations and know your customer (KYC) norms, reported Moneycontrol. This is against the rise in complaints related to some fintechs on charging of usurious interest rates and other issues including non-compliance with KYC, anti-money laundering norms (AML), and lack of ownership disclosures.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bitcoin,US,Greed,New Jersey,Celsius Network,Manhattan,Martin Glenn,The Reserve Bank of India,KYC,Crypto news, RBI Fintech, Fintech, Fintech companies,crypto price analysis, Bitcoin price analysis, crypto data analysis","originalPublishedOn":"2022-07-19T16:28:43+05:30"}},{"node":{"id":"WVS54uuqLL28","slug":"english/what-is-insolvency-and-bankruptcy-code-2016","slugV2":"business/what-is-insolvency-and-bankruptcy-code-2016-703953/","title":"What is Insolvency and Bankruptcy Code 2016?","postType":1,"coverMedia":"/opoyi_pDLeFkYz2.jpg","coverCaption":"The National Companies Law Tribunal (NCLT) hears cases involving companies, while the Debt Recovery Tribunal (DRT) hears cases involving individuals. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-18T17:28:34+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Insolvency and Bankruptcy Code is applicable to companies, partnerships, and individuals\u003c/li\u003e\n \u003cli\u003eIBC establishes a time-bound procedure for resolving insolvency\u003c/li\u003e\n \u003cli\u003eUnder IBC, companies must finish the whole insolvency process in 180 days\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658145513004,\\\"strCount\\\":3729,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\\\\\"\u003eInsolvency and Bankruptcy Code (IBC)\u003c/a\u003e 2016 was implemented by an act of Parliament after receiving Presidential approval in May 2016. The legislation was necessary due to the massive accumulation of non-performing bank loans and the delay in debt settlement.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code (Amendment) Bill 2021?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Insolvency resolution in India required an average of 4.3 years, compared to other nations such as the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedkingdom/\\\\\\\"\u003eUnited Kingdom\u003c/a\u003e (1 year) and the \u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003eUnited States of America\u003c/a\u003e (1.5 years), which is hoped to be lowered in addition to expediting the settlement of large-ticket loan accounts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IBC is applicable to companies, partnerships, and individuals. It establishes a time-bound procedure for resolving insolvency. When a debtor fails to repay, creditors seize possession of the bankrupt's assets and must make decisions to resolve the insolvency. Under IBC, both the debtor and the creditor can initiate recovery actions against each other.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Under IBC, companies must finish the whole insolvency process in 180 days. If creditors do not object to the extension, the deadline may be extended. The whole insolvency process for smaller companies, including startups, with an annual turnover of Rs 1 crore must be completed in 90 days, however, the deadline may be extended by 45 days. The company proceeds with liquidation if debt settlement is not achieved.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As a regulator, the Insolvency and Bankruptcy Board of India has been appointed and can monitor these procedures. IBBI consists of ten members drawn from the \u003ca href=\\\\\\\"https://opoyi.com/topics/financeminister/\\\\\\\"\u003eFinance Ministry\u003c/a\u003e, the Law Ministry, and the \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A licenced professional oversees the settlement process, manages the debtor's assets, and provides information to creditors to help them make decisions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The National Companies Law Tribunal (NCLT) hears cases involving companies, while the Debt Recovery Tribunal (DRT) hears cases involving individuals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The courts authorise the initiation of the resolution procedure, the appointment of an insolvency professional, and the final decision of creditors. The Insolvency and Bankruptcy Board monitors insolvency professionals, insolvency professional agencies, and information utilities established under the Code.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Bankruptcy","slug":"bankruptcy","id":"dncHp9YI1ant","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"Law","slug":"law","id":"Aw4F5ERihOtX","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"MonsoonSession","slug":"monsoonsession","id":"iaOIKHTchGOm","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-18T17:28:32+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Insolvency and Bankruptcy Code (IBC) 2016 was implemented by an act of Parliament after receiving Presidential approval in May 2016. The legislation was necessary due to the massive accumulation of non-performing bank loans and the delay in debt settlement. ,Also Read| What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?,Insolvency resolution in India required an average of 4.3 years, compared to other nations such as the United Kingdom (1 year) and the United States of America (1.5 years), which is hoped to be lowered in addition to expediting the settlement of large-ticket loan accounts. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,IBC is applicable to companies, partnerships, and individuals. It establishes a time-bound procedure for resolving insolvency. When a debtor fails to repay, creditors seize possession of the bankrupt's assets and must make decisions to resolve the insolvency. Under IBC, both the debtor and the creditor can initiate recovery actions against each other. Also Read| Explained: Impact of RBI's repo rate hike on deposits, loans,Under IBC, companies must finish the whole insolvency process in 180 days. If creditors do not object to the extension, the deadline may be extended. The whole insolvency process for smaller companies, including startups, with an annual turnover of Rs 1 crore must be completed in 90 days, however, the deadline may be extended by 45 days. The company proceeds with liquidation if debt settlement is not achieved. Also Read| How inflation affects RBI’s interest rate policy,As a regulator, the Insolvency and Bankruptcy Board of India has been appointed and can monitor these procedures. IBBI consists of ten members drawn from the Finance Ministry, the Law Ministry, and the Reserve Bank of India. Also Read| Explained: Changes in repo rates and their impact on stock market,A licenced professional oversees the settlement process, manages the debtor's assets, and provides information to creditors to help them make decisions. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The National Companies Law Tribunal (NCLT) hears cases involving companies, while the Debt Recovery Tribunal (DRT) hears cases involving individuals. Also Read| Great Depression to COVID: Top 5 market crashes in American history,The courts authorise the initiation of the resolution procedure, the appointment of an insolvency professional, and the final decision of creditors. The Insolvency and Bankruptcy Board monitors insolvency professionals, insolvency professional agencies, and information utilities established under the Code.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"IBC,India,the United Kingdom,the United States of America,Bankruptcy Board of India,the Finance Ministry,the Law Ministry,the Reserve Bank of India,The National Companies Law Tribunal,the Debt Recovery Tribunal,Bankruptcy Board","originalPublishedOn":"2022-07-18T13:46:33+05:30"}},{"node":{"id":"jQAoDfTi6zY8","slug":"english/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021","slugV2":"business/what-is-insolvency-and-bankruptcy-code-amendment-bill-2021-703960/","title":"What is Insolvency and Bankruptcy Code (Amendment) Bill 2021?","postType":1,"coverMedia":"/opoyi_jyqkwUEPkV.jpg","coverCaption":"The bill repeals the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which was passed when Parliament was not in session on April 4, 2021. (Photo Credit: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-18T13:55:18+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInsolvency and Bankruptcy Code (Amendment) Bill, 2021 seeks a pre-packaged insolvency resolution framework\u003c/li\u003e\n \u003cli\u003eThe bill amends the Insolvency and Bankruptcy Code, 2016\u003c/li\u003e\n \u003cli\u003eA pre-packaged insolvency resolution offers a corporates bailout plan for MSMEs\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1658132717206,\\\"strCount\\\":3428,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/loksabha/\\\\\\\"\u003eLok Sabha\u003c/a\u003e in 2021, passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021, which seeks a pre-packaged insolvency resolution framework for micro, small, and medium-sized businesses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-2016-703953/\\\\\\\"\u003eWhat is Insolvency and Bankruptcy Code 2016?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The bill repeals the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which was passed when \u003ca href=\\\\\\\"https://opoyi.com/topics/parliament/\\\\\\\"\u003eParliament\u003c/a\u003e was not in session on April 4, 2021, and amends the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-insolvency-and-bankruptcy-code-2016-703953/\\\\\\\"\u003eInsolvency and Bankruptcy Code, 2016\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A pre-packaged insolvency resolution process is an alternate approach to offering a corporate bailout plan for MSMEs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A debtor starts and participates in the settlement processes with lenders through an informal approach under this framework. Once the company's promoters and secured creditors have reached an agreement on a resolution plan, they can seek approval from the National Company Law Tribunal.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An MSME that has not fulfilled its payment obligation of Rs 10 lakh might initiate this plan with consent from lenders who have advanced 66% of the debt amount.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eExplained: Difference between RBI’s accommodative, neutral \u0026amp; hawkish stance\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The present corporate insolvency resolution process (CIRP) framework involves creditors taking an insolvent borrower to the bankruptcy court for a time-bound resolution, and the procedure permits other entities to bid for the stressed entity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-impact-of-rbis-repo-rate-hike-on-deposits-loans-131825/\\\\\\\"\u003eExplained: Impact of RBI's repo rate hike on deposits, loans\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A stressed unit's promoter cannot bid for it under CIRP. The company's activities are overseen by a resolution professional, and the incumbent promoters must step down. The resolution professional is also in charge of managing the bidding and resolution process, which has a 270-day deadline.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Before approaching the NCLT, the stressed borrower can establish a resolution plan with the creditors, which could include selling the company to an investor, under the pre-packaged resolution model. Until a settlement is reached, the borrower holds management control of the company.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The resolution's time restriction has been shortened to 120 days - 90 days to submit a resolution plan and 30 days for the NCLT to accept or reject it. In the event of a takeover, promoters can also bid for their companies.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Bankruptcy","slug":"bankruptcy","id":"dncHp9YI1ant","isSection":0},{"name":"MSME","slug":"msme","id":"lUdDh4Yh5BAc","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Law","slug":"law","id":"Aw4F5ERihOtX","isSection":0},{"name":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Parliament","slug":"parliament","id":"f1AaZo7fTdEO","isSection":0},{"name":"LokSabha","slug":"loksabha","id":"9YkAEucTn6NK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-18T13:55:15+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Lok Sabha in 2021, passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2021, which seeks a pre-packaged insolvency resolution framework for micro, small, and medium-sized businesses. Also Read| What is Insolvency and Bankruptcy Code 2016?,The bill repeals the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021, which was passed when Parliament was not in session on April 4, 2021, and amends the Insolvency and Bankruptcy Code, 2016. Also Read| Great Depression to COVID: Top 5 market crashes in American history,A pre-packaged insolvency resolution process is an alternate approach to offering a corporate bailout plan for MSMEs. A debtor starts and participates in the settlement processes with lenders through an informal approach under this framework. Once the company's promoters and secured creditors have reached an agreement on a resolution plan, they can seek approval from the National Company Law Tribunal. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,An MSME that has not fulfilled its payment obligation of Rs 10 lakh might initiate this plan with consent from lenders who have advanced 66% of the debt amount. Also Read| Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The present corporate insolvency resolution process (CIRP) framework involves creditors taking an insolvent borrower to the bankruptcy court for a time-bound resolution, and the procedure permits other entities to bid for the stressed entity. Also Read| Explained: Impact of RBI's repo rate hike on deposits, loans,A stressed unit's promoter cannot bid for it under CIRP. The company's activities are overseen by a resolution professional, and the incumbent promoters must step down. The resolution professional is also in charge of managing the bidding and resolution process, which has a 270-day deadline. Also Read| How inflation affects RBI’s interest rate policy,Before approaching the NCLT, the stressed borrower can establish a resolution plan with the creditors, which could include selling the company to an investor, under the pre-packaged resolution model. Until a settlement is reached, the borrower holds management control of the company. Also Read| Explained: Changes in repo rates and their impact on stock market,The resolution's time restriction has been shortened to 120 days - 90 days to submit a resolution plan and 30 days for the NCLT to accept or reject it. In the event of a takeover, promoters can also bid for their companies.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Bankruptcy Code,The Lok Sabha,Insolvency,(Amendment) Bill,,Parliament,the National Company Law Tribunal,CIRP","originalPublishedOn":"2022-07-18T13:54:53+05:30"}},{"node":{"id":"3FEZiuomryKC","slug":"english/retail-inflation-drops-marginally-to-701-percent-in-june","slugV2":"business/retail-inflation-drops-marginally-to-701-percent-in-june-699528/","title":"Retail inflation drops marginally to 7.01% in June","postType":1,"coverMedia":"/opoyi_Tv4VI9tFB.jpg","coverCaption":"The CPI based on inflation stood at 7.04% in May 2022 and 6.26% in June 2021. (Photo Credit: Representational Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-12T21:57:57+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation in the food segment in June 2022 stood at 7.75%\u003c/li\u003e\n \u003cli\u003eThe inflation rate in vegetables dropped to 17.37%\u003c/li\u003e\n \u003cli\u003eIt remained above the RBI tolerance level for the sixth month in a row\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657643273868,\\\"strCount\\\":4250,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail \u003ca href=\\\\\\\"https://opoyi.com/world/how-russia-ukraine-war-is-behind-highest-us-inflation-spike-since-1981-433186/\\\\\\\"\u003einflation\u003c/a\u003e fell marginally to 7.01% in June on the\\\\nback of a slight drop in prices of vegetables and pulses, though it remained\\\\nabove the Reserve Bank of India’s (RBI) tolerance level for the sixth month in\\\\na row.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The consumer price index (CPI) based on inflation stood at\\\\n7.04% in the previous month in May and 6.26% in June 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee-699199/\\\\\\\"\u003eExplained: Why has RBI allowed international trade settlement in Rupee\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Inflation in the food segment in June 2022 stood at 7.75%,\\\\nagainst 7.97% in the previous month, according to the National Statistical\\\\nOffice (NSO) data released on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has directed the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e to ensure that\\\\ninflation remains at 4%, with a margin of 3% on either side. However, retail\\\\ninflation has stayed above the RBI’s upper tolerance limit of 6% since January\\\\n2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indian-rupee-hits-all-time-low-on-stronger-dollar-recession-worries-698468/\\\\\\\"\u003eIndian rupee hits all-time low on stronger dollar, recession worries\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the official data, the\u003ca href=\\\\\\\"https://opoyi.com/india/retail-inflation-falls-to-704-in-may-from-8-year-high-of-779-in-april-312802/\\\\\\\"\u003e inflation rate\u003c/a\u003e in\\\\nvegetables dropped to 17.37% during the month from 18.26% in May. For pulses\\\\nand products, it eased to (-) 1.02% against (-)0.42%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the rate of price rise in ‘cereals and products’\\\\nincreased to 5.66%, from 5.33% in the preceding month. The inflation rate in\\\\nthe ‘fuel and light’ segment moved up to 10.39% as against 9.54%, while that\\\\nfor fruits increased to 3.10% from 2.33%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/asian-stocks-fall-as-investors-await-us-inflation-data-earning-reports-698354/\\\\\\\"\u003eAsian stocks fall as investors await US inflation data, earning reports\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last month, the RBI in its bi-monthly \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003emonetary policy\u003c/a\u003e\\\\nreview raised the benchmark \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003erepo rate by a sharp 0.50%\u003c/a\u003e to 4.90% to curb rising\\\\ninflation. It followed an off-cycle meeting on May 4, when the central bank\\\\nraised the repo rate by 0.40%. A Repo rate is an interest rate at which the\\\\ncentral bank lends short-term money to banks. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e had said the global\\\\ngeopolitical situation remains fluid and commodity markets remain on the edge,\\\\nrendering heightened uncertainty to the domestic inflation outlook.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-quarterly-results-crude-price-to-weigh-on-sensex-nifty-698101/\\\\\\\"\u003eWeek ahead: Quarterly results, crude price to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, certain positive developments such as expectations\\\\nof a normal south-west monsoon and Kharif agricultural season, recent\\\\nsupply-side measures taken by the government, and lifting of palm oil export\\\\nban by \u003ca href=\\\\\\\"https://opoyi.com/topics/indonesia/\\\\\\\"\u003eIndonesia\u003c/a\u003e may help to control the soaring prices to some extent, he\\\\nadded.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank also raised its retail inflation forecast\\\\nfor the current financial year to 6.7% from its previous estimate of 5.7%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On July 9, the RBI Governor while speaking at the Kautilya\\\\nEconomic Conclave showed confidence that the price situation will gradually\\\\nimprove in the second half of the current fiscal. He also said the RBI would\\\\ncontinue to take monetary measures to control inflation to achieve strong and\\\\nsustainable growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Price stability is key to maintaining macroeconomic and\\\\nfinancial stability and the central bank will undertake necessary measures for\\\\nthe same, the governor added.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-12T19:57:34+05:30","publisher":0,"sourceFeed":null,"cleanText":"Retail inflation fell marginally to 7.01% in June on the back of a slight drop in prices of vegetables and pulses, though it remained above the Reserve Bank of India’s (RBI) tolerance level for the sixth month in a row. The consumer price index (CPI) based on inflation stood at 7.04% in the previous month in May and 6.26% in June 2021. Also Read | Explained: Why has RBI allowed international trade settlement in Rupee,Inflation in the food segment in June 2022 stood at 7.75%, against 7.97% in the previous month, according to the National Statistical Office (NSO) data released on Tuesday. The government has directed the RBI to ensure that inflation remains at 4%, with a margin of 3% on either side. However, retail inflation has stayed above the RBI’s upper tolerance limit of 6% since January 2022. Also Read | Indian rupee hits all-time low on stronger dollar, recession worries,According to the official data, the inflation rate in vegetables dropped to 17.37% during the month from 18.26% in May. For pulses and products, it eased to (-) 1.02% against (-)0.42%. However, the rate of price rise in ‘cereals and products’ increased to 5.66%, from 5.33% in the preceding month. The inflation rate in the ‘fuel and light’ segment moved up to 10.39% as against 9.54%, while that for fruits increased to 3.10% from 2.33%. Also Read | Asian stocks fall as investors await US inflation data, earning reports,Last month, the RBI in its bi-monthly monetary policy review raised the benchmark repo rate by a sharp 0.50% to 4.90% to curb rising inflation. It followed an off-cycle meeting on May 4, when the central bank raised the repo rate by 0.40%. A Repo rate is an interest rate at which the central bank lends short-term money to banks. ,RBI Governor Shaktikanta Das had said the global geopolitical situation remains fluid and commodity markets remain on the edge, rendering heightened uncertainty to the domestic inflation outlook. Also Read | Week ahead: Quarterly results, crude price to weigh on Sensex, Nifty,However, certain positive developments such as expectations of a normal south-west monsoon and Kharif agricultural season, recent supply-side measures taken by the government, and lifting of palm oil export ban by Indonesia may help to control the soaring prices to some extent, he added. The central bank also raised its retail inflation forecast for the current financial year to 6.7% from its previous estimate of 5.7%. Also Read | How to survive a market crash,On July 9, the RBI Governor while speaking at the Kautilya Economic Conclave showed confidence that the price situation will gradually improve in the second half of the current fiscal. He also said the RBI would continue to take monetary measures to control inflation to achieve strong and sustainable growth. Also Read | Great Depression to COVID: Top 5 market crashes in American history,Price stability is key to maintaining macroeconomic and financial stability and the central bank will undertake necessary measures for the same, the governor added.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"RBI,the Reserve Bank of India,the National Statistical Office,NSO,Shaktikanta Das,Kharif,Retail Inflation, India, India retail inflation, Retail inflation June, CPI inflation, CPI inflation June","originalPublishedOn":"2022-07-12T19:57:34+05:30"}},{"node":{"id":"O8EbN2IyeGPK","slug":"english/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee","slugV2":"business/explained-why-has-rbi-allowed-international-trade-settlement-in-rupee-699199/","title":"Explained: Why has RBI allowed international trade settlement in Rupee","postType":1,"coverMedia":"/opoyi_3OqdQbnMN.jpg","coverCaption":"All exports and imports under this arrangement may be denominated and invoiced in INR. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-12T12:42:22+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe action by the central bank follows increased pressure on the Indian rupee\u003c/li\u003e\n \u003cli\u003eThe RBI expects this new system to boost global trade growth, with a focus on Indian exports\u003c/li\u003e\n \u003cli\u003eIndian exporters and importers can trade with Russia, Iran and Sri Lanka through this mechanism\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657609940932,\\\"strCount\\\":4742,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e has developed a system to settle international trade in rupees \\\\\\\"in order to stimulate the expansion of global trade with a focus on \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e exports and to support the growing interest of the global trading community in the rupee.\\\\\\\"\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The action by the central bank follows increased pressure on the Indian rupee as a result of Russia's invasion of \u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e and sanctions imposed by the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e and the \u003ca href=\\\\\\\"https://opoyi.com/topics/eu/\\\\\\\"\u003eEU\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehtas-wife-jyoti-presents-his-side-of-story-on-new-website-says-family-victim-of-tax-terrorism-695709/\\\\\\\"\u003eHarshad Mehta's wife Jyoti brings Big Bull's side of story to light\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e mechanism is designed to help importers and exporters sidestep laws that prohibit the use of a global currency, such as the US dollar, in trade with certain countries. Several countries slapped sanctions on \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia\u003c/a\u003e when it attacked Ukraine. The new system may be used by Indian companies searching for alternate ways of payment for imports.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI expects this new system to boost global trade growth, with a focus on Indian exports, and to \\\\\\\"support the growing interest of the global trading community in INR.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/harshad-mehta-scam-how-big-bull-shook-the-indian-stock-market-695774/\\\\\\\"\u003eHarshad Mehta scam: How Big Bull shook the Indian stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"All exports and imports under this arrangement may be denominated and invoiced in INR, according to the broad framework for cross-border trade transactions in INR under the Foreign Exchange Management Act, 1999 (FEMA), and the exchange rate between the currencies of the two trading nations may be market-determined.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-us-feds-biggest-rate-hike-since-1994-on-india-680094/\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Furthermore, a bank authorised to deal in foreign exchange in India can open Special Rupee Vostro Accounts of correspondent banks of the partner trading countries for the settlement of trade transactions with any country.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-to-survive-a-market-crash-694936/\\\\\\\"\u003eHow to survive a market crash\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To enable international trade transactions to be settled through this structure; Indian importers can pay in INR, which will be credited into the Special Vostro account of the partner country's correspondent bank, against receipts for the supply of items or services from the offshore seller/supplier.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian exporters who use this method to export products and services will be paid INR from the balances in the specified Special Vostro account of the partner country's correspondent bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/great-depression-to-covid-top-5-market-crashes-in-american-history-694865/\\\\\\\"\u003eGreat Depression to COVID: Top 5 market crashes in American history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the RBI, Indian exporters may get advance payments in Indian rupees from international buyers using the Rupee Payment Mechanism. The issuance of bank guarantees for trade transactions conducted under this arrangement is permissible, subject to conformity to \u003ca href=\\\\\\\"https://opoyi.com/topics/fema/\\\\\\\"\u003eFEMA\u003c/a\u003e regulations and the Master Direction on Guarantees and Co-acceptances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The balance in Special Vostro Accounts, according to the RBI, can be utilised for a variety of purposes, including project and investment payments, export/import advance flow management, investment in Government Treasury Bills, Government securities, and so on.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-inflation-rate-at-a-40-year-high-a-timeline-1930-2022-693306/\\\\\\\"\u003eUS inflation rate at a 40-year high | A timeline: 1930-2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian exporters and importers may utilise this rupee payment mechanism for trade with nations like Russia, \u003ca href=\\\\\\\"https://opoyi.com/topics/iran/\\\\\\\"\u003eIran\u003c/a\u003e, and Sri Lanka, according to forex dealers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-india-can-fight-ransomware-attacks-260225/\\\\\\\"\u003eHow India can fight ransomware attacks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trade deficit between India's exports and imports reached new highs in May and June. This increases the current account deficit, which some analysts predict will nearly double to more than 3% of GDP in FY23. The rupee is at an all-time low against the US dollar. According to economists, the RBI's action may not boost the external account immediately, but it may reduce demand for dollars in the medium run.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Forex","slug":"forex","id":"RljaSYLZDBMy","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Export","slug":"export","id":"llhmvr2Rwsly","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"FEMA","slug":"fema","id":"nffSkRR0bF7z","isSection":0},{"name":"EU","slug":"eu","id":"HocLiZmmkT0u","isSection":0},{"name":"Iran","slug":"iran","id":"NxNYOgJ2rxAq","isSection":0},{"name":"SriLanka","slug":"srilanka","id":"mjdE0zWttiL5","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-12T12:42:21+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) has developed a system to settle international trade in rupees in order to stimulate the expansion of global trade with a focus on Indian exports and to support the growing interest of the global trading community in the rupee. ,The action by the central bank follows increased pressure on the Indian rupee as a result of Russia's invasion of Ukraine and sanctions imposed by the US and the EU. Also Read| Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,The RBI mechanism is designed to help importers and exporters sidestep laws that prohibit the use of a global currency, such as the US dollar, in trade with certain countries. Several countries slapped sanctions on Russia when it attacked Ukraine. The new system may be used by Indian companies searching for alternate ways of payment for imports. The RBI expects this new system to boost global trade growth, with a focus on Indian exports, and to support the growing interest of the global trading community in INR. Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market,All exports and imports under this arrangement may be denominated and invoiced in INR, according to the broad framework for cross-border trade transactions in INR under the Foreign Exchange Management Act, 1999 (FEMA), and the exchange rate between the currencies of the two trading nations may be market-determined. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,Furthermore, a bank authorised to deal in foreign exchange in India can open Special Rupee Vostro Accounts of correspondent banks of the partner trading countries for the settlement of trade transactions with any country. Also Read| How to survive a market crash,To enable international trade transactions to be settled through this structure; Indian importers can pay in INR, which will be credited into the Special Vostro account of the partner country's correspondent bank, against receipts for the supply of items or services from the offshore seller/supplier. Indian exporters who use this method to export products and services will be paid INR from the balances in the specified Special Vostro account of the partner country's correspondent bank. Also Read| Great Depression to COVID: Top 5 market crashes in American history,According to the RBI, Indian exporters may get advance payments in Indian rupees from international buyers using the Rupee Payment Mechanism. The issuance of bank guarantees for trade transactions conducted under this arrangement is permissible, subject to conformity to FEMA regulations and the Master Direction on Guarantees and Co-acceptances. The balance in Special Vostro Accounts, according to the RBI, can be utilised for a variety of purposes, including project and investment payments, export/import advance flow management, investment in Government Treasury Bills, Government securities, and so on. Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Indian exporters and importers may utilise this rupee payment mechanism for trade with nations like Russia, Iran, and Sri Lanka, according to forex dealers. Also Read| How India can fight ransomware attacks,The trade deficit between India's exports and imports reached new highs in May and June. This increases the current account deficit, which some analysts predict will nearly double to more than 3% of GDP in FY23. The rupee is at an all-time low against the US dollar. According to economists, the RBI's action may not boost the external account immediately, but it may reduce demand for dollars in the medium run.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Indian,INR,Russia,RBI,Ukraine,US,FEMA,India,The Reserve Bank of India,EU,the Foreign Exchange Management Act,the Rupee Payment Mechanism,the Master Direction on Guarantees,Special Vostro Accounts,Government Treasury Bills","originalPublishedOn":"2022-07-12T12:42:21+05:30"}},{"node":{"id":"PYOfEyeKc5x6","slug":"english/week-ahead-crude-price-rupee-movement-to-weigh-on-sensex-nifty","slugV2":"business/week-ahead-crude-price-rupee-movement-to-weigh-on-sensex-nifty-693063/","title":"Week ahead: Crude price, rupee movement to weigh on Sensex, Nifty","postType":1,"coverMedia":"/opoyi_jcxBqn8wU.jpg","coverCaption":"The Federal Reserve will issue minutes from its June monetary policy meeting, which will be eagerly monitored by investors. (Photo credit: Representational/ Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-04T08:10:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Indian rupee recovered from its all-time low of 79.06 on June 30, 2022\u003c/li\u003e\n \u003cli\u003eChina will release the Caixin Services PMI and Caixin Composite PMI for June\u003c/li\u003e\n \u003cli\u003eOil remains a concern at $100 per barrel for importing nations like India\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656898929362,\\\"strCount\\\":4365,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The movement in global equities, the volatility of the rupee against the dollar, and crude oil prices will determine bourse movements in the short future. Both domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) will have their investments under watch.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/new-labour-codes-all-you-need-to-know-691787/\\\\\\\"\u003eNew labour codes: All you need to know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tata Consultancy Services, the country's leading software services exporter, will start off the June quarter corporate results season on July 8, followed the following day by Avenue Supermarts, the operator of the D-Mart retail chain. As a result, there may be some stock-specific movement in the market.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/russia-approves-tax-exemptions-for-issuers-of-digital-assets-cryptocurrency-690632/\\\\\\\"\u003eRussia approves tax exemptions for issuers of digital assets, cryptocurrency\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e rupee recovered from its all-time low of 79.06 on June 30 to trade 12 paise higher the next day at 78.94 against the \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e dollar, halting a five-day losing run despite government initiatives to reduce gold imports, which are straining the current account deficit.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/poor-nations-pricey-mess-why-zimbabwe-hiked-interest-rate-by-200-688763/\\\\\\\"\u003ePoor nation's pricey mess: Why Zimbabwe hiked interest rate by 200%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the rupee dropped to its lowest level in intraday trade on July 1, 79.11, the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e has also been occasionally intervening to strengthen the currency since February.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/inflation-gun-violence-sinks-bidens-approval-rating-to-record-low-report-685905/\\\\\\\"\u003eInflation, gun violence sinks Biden's approval rating to record low: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On July 6, 2022, the United States will release the ISM Non-Manufacturing PMI for June. The June Non-Farm Payrolls statistics for the United States will be released on July 8, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/impact-of-us-feds-biggest-rate-hike-since-1994-on-india-680094/\\\\\\\"\u003eImpact of US Feds' biggest rate hike since 1994 on India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Federal Reserve will issue minutes from its June monetary policy meeting, which will be eagerly monitored by investors across the world for economic development and the trajectory of interest rate hikes.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/wall-street-enters-bear-market-what-does-it-mean-for-investors-141766/\\\\\\\"\u003eWall Street enters bear market: What does it mean for investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The FOMC boosted interest rates by 75 basis points during its June meeting, the largest rise in three decades. Chairman Jerome Powell has hinted at another 50-75 basis point rate hike in July to bring inflation back to its aim of 2% without affecting economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/why-us-inflation-is-going-up-and-when-will-it-calm-down-438404/\\\\\\\"\u003eWhy US inflation is going up and when will it come down\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil prices were turbulent, with global benchmark Brent crude futures climbing to $120 a barrel and falling to $108 a barrel in the previous week before finishing 1.4% down.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-the-impact-of-bond-yield-on-markets-and-investors-641122/\\\\\\\"\u003eExplained: The impact of bond yields on markets and investors\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil remains a concern at $100 per barrel for importing nations like India and is anticipated to contain market potential until it falls well below that level, according to analysts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eExplained: Impact of MPC meeting on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The constrained supply caused by geopolitical tensions continued to sustain prices, however recession fears weighed on mood and dragged prices down somewhat on a weekly basis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003eExplained: Changes in repo rates and their impact on stock market\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P Global Composite PMI and the S\u0026amp;P Global Services PMI for June will be released on July 5, 2022. \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e will release the Caixin Services PMI and Caixin Composite PMI for June on July 5, 2022.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"WeekAhead","slug":"weekahead","id":"R30eiXm1O2LO","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"JeromePowell","slug":"jeromepowell","id":"U0KtH9IWXA6R","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"USA","slug":"usa","id":"SPBaPrR23eZS","isSection":2},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-04T08:10:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The movement in global equities, the volatility of the rupee against the dollar, and crude oil prices will determine bourse movements in the short future. Both domestic institutional investors (DIIs) and foreign portfolio investors (FPIs) will have their investments under watch. Also Read| New labour codes: All you need to know,Tata Consultancy Services, the country's leading software services exporter, will start off the June quarter corporate results season on July 8, followed the following day by Avenue Supermarts, the operator of the D-Mart retail chain. As a result, there may be some stock-specific movement in the market. Also Read| Russia approves tax exemptions for issuers of digital assets, cryptocurrency,The Indian rupee recovered from its all-time low of 79.06 on June 30 to trade 12 paise higher the next day at 78.94 against the US dollar, halting a five-day losing run despite government initiatives to reduce gold imports, which are straining the current account deficit. Also Read| Poor nation's pricey mess: Why Zimbabwe hiked interest rate by 200%,As the rupee dropped to its lowest level in intraday trade on July 1, 79.11, the RBI has also been occasionally intervening to strengthen the currency since February. Also Read| Inflation, gun violence sinks Biden's approval rating to record low: Report,On July 6, 2022, the United States will release the ISM Non-Manufacturing PMI for June. The June Non-Farm Payrolls statistics for the United States will be released on July 8, 2022. Also Read| Impact of US Feds' biggest rate hike since 1994 on India,The Federal Reserve will issue minutes from its June monetary policy meeting, which will be eagerly monitored by investors across the world for economic development and the trajectory of interest rate hikes. Also Read| Wall Street enters bear market: What does it mean for investors,The FOMC boosted interest rates by 75 basis points during its June meeting, the largest rise in three decades. Chairman Jerome Powell has hinted at another 50-75 basis point rate hike in July to bring inflation back to its aim of 2% without affecting economic growth. Also Read| Why US inflation is going up and when will it come down,Oil prices were turbulent, with global benchmark Brent crude futures climbing to $120 a barrel and falling to $108 a barrel in the previous week before finishing 1.4% down. Also Read| Explained: The impact of bond yields on markets and investors,Oil remains a concern at $100 per barrel for importing nations like India and is anticipated to contain market potential until it falls well below that level, according to analysts. Also Read| Explained: Impact of MPC meeting on stock market,The constrained supply caused by geopolitical tensions continued to sustain prices, however recession fears weighed on mood and dragged prices down somewhat on a weekly basis. Also Read| Explained: Changes in repo rates and their impact on stock market,The S\u0026P Global Composite PMI and the S\u0026P Global Services PMI for June will be released on July 5, 2022. China will release the Caixin Services PMI and Caixin Composite PMI for June on July 5, 2022.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"the United States,Tata Consultancy Services,Avenue Supermarts,the D-Mart,Indian,US,RBI,the ISM Non-Manufacturing PMI,The Federal Reserve,FOMC,Jerome Powell,India,The S Global Composite PMI,the S Global Services,China","originalPublishedOn":"2022-07-04T08:10:00+05:30"}},{"node":{"id":"6E9ePDhaql5J","slug":"english/july-2022-bank-holidays-this-month-banks-will-be-closed-for-14-days","slugV2":"india/july-2022-bank-holidays-this-month-banks-will-be-closed-for-14-days-691461/","title":"July 2022 bank holidays: This month, banks will be closed for 14 days","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"RBI announces 14 days as holiday in July, (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-01T17:13:15+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBanks will be closed for a total of 14 days in July\u003c/li\u003e\n \u003cli\u003eThe Reserve Bank of India's \u003ca href=\"https://opoyi.com/what-is-rbis-retail-direct-scheme\"\u003e(RBI)\u003c/a\u003e website states that bank holidays differ depending on where you are\u003c/li\u003e\n \u003cli\u003eNot all branches will be closed for 14 days in July\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656675795060,\\\"strCount\\\":2386,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\n\\\\nAll around the nation, banks will be closed for a total of 14 days in July. The Reserve Bank of India's \u003ca href=\\\\\\\"https://opoyi.com/india/what-is-rbis-retail-direct-scheme-647541/\\\\\\\"\u003e(RBI)\u003c/a\u003e website states that bank holidays differ depending on where you are. Not all branches will be closed for 14 days in July.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Read also:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/zack-snyders-justice-league-digital-release-date-out-689758/\\\\\\\"\u003e'Zack Snyder's Justice League' digital release date out\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On July 1, there is an Odisha bank holiday, however banks will be open in other states, according to the RBI's calendar. Similar to this, Thiruvananthpuram and Kochi will celebrate Bakrid on July 9, so banks in these two districts will be closed on that day.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Due to the fact that July 9 is a second Saturday, banks nationwide will be closed. The Negotiable Instruments Act, the Negotiable Instruments Act and Real-Time Gross Settlement, and bank closures are the three categories into which the RBI divides bank holidays.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Because of this, 8 of the total 14 bank holidays in July, according to the RBI's calendar, are state-specific holidays. Due to weekend holidays, banks will likewise be closed on the remaining days (Saturday and Sundays). The second and fourth Saturdays of the month, as well as Sundays, are all days that banks, both public and private, are closed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Read also:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/education/telangana-state-board-intermediate-results-2022-out-check-here-688661/\\\\\\\"\u003eTelangana state board intermediate results 2022 out, check here\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"See the July 2022 \u003ca href=\\\\\\\"https://opoyi.com/business/indusind-bank-denies-reports-of-merger-with-kotak-mahindra-bank-193245/\\\\\\\"\u003eBank\u003c/a\u003e Holidays:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 1: Kang (Rath Yatra)-Bhubaneshwar\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 7: Kharchi Puja (Agartala)\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 9: Id-Ul-Ad'ha (Bakarid)-Kochi, Thiruvanthapuram; Banks will also be shut across the country due to the second Saturday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 11: Eid-Ul-Azha-Srinagar, Jammu\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 13: Bhanu Jayanti--Gangtok\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 14: Beh Dienkhlam-Shillong\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 16: Harela--Dehradun\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 26: Ker Punja --Agartala\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Read also:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/offbeat/us-man-gets-moms-bitemark-tattoed-on-his-leg-social-media-has-mixed-feelings-688932/\\\\\\\"\u003eUS man gets mom's bitemark tattoed on his leg, social media has mixed feelings\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Weekend holidays\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 3: First Sunday\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 9: Second Saturday + Bakarid\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 10: Second Sunday\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 17: Third Sunday\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 23: Fourth Saturday\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"July 24: Fourth Sunday\u0026nbsp;\\\\n\\\\n\\\"}}]}","relatedPosts":null,"location":{"name":"Mumbai, Maharashtra, India"},"createdBy":{"name":"Raunak Aggarwal ","photo":"","username":"RAUNAK","id":"iHf5oafvi8aM","role":null},"topics":[{"name":"Banks","slug":"banks","id":"KZwaPZRhpUon","isSection":0},{"name":"Holidays","slug":"holidays","id":"fgd4YoTVFRDJ","isSection":0},{"name":"july","slug":"july","id":"XEWWD91J6lr8","isSection":0},{"name":"Thiruvananthpuram","slug":"thiruvananthpuram","id":"I2XDt40c0lLA","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Kochi","slug":"kochi","id":"MQrQFoHhJtnQ","isSection":0},{"name":"Odisha","slug":"odisha","id":"gRmaH4uEjBnO","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Raunak Aggarwal ","id":"iHf5oafvi8aM","username":"RAUNAK","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-01T17:13:14+05:30","publisher":0,"sourceFeed":null,"cleanText":"All around the nation, banks will be closed for a total of 14 days in July. The Reserve Bank of India's (RBI) website states that bank holidays differ depending on where you are. Not all branches will be closed for 14 days in July. Read also: 'Zack Snyder's Justice League' digital release date out,On July 1, there is an Odisha bank holiday, however banks will be open in other states, according to the RBI's calendar. Similar to this, Thiruvananthpuram and Kochi will celebrate Bakrid on July 9, so banks in these two districts will be closed on that day. Due to the fact that July 9 is a second Saturday, banks nationwide will be closed. The Negotiable Instruments Act, the Negotiable Instruments Act and Real-Time Gross Settlement, and bank closures are the three categories into which the RBI divides bank holidays. Because of this, 8 of the total 14 bank holidays in July, according to the RBI's calendar, are state-specific holidays. Due to weekend holidays, banks will likewise be closed on the remaining days (Saturday and Sundays). The second and fourth Saturdays of the month, as well as Sundays, are all days that banks, both public and private, are closed. Read also: Telangana state board intermediate results 2022 out, check here,See the July 2022 Bank Holidays:,July 1: Kang (Rath Yatra)-Bhubaneshwar,July 7: Kharchi Puja (Agartala),July 9: Id-Ul-Ad'ha (Bakarid)-Kochi, Thiruvanthapuram; Banks will also be shut across the country due to the second Saturday. July 11: Eid-Ul-Azha-Srinagar, Jammu,July 13: Bhanu Jayanti--Gangtok,July 14: Beh Dienkhlam-Shillong,July 16: Harela--Dehradun,July 26: Ker Punja --Agartala,Read also: US man gets mom's bitemark tattoed on his leg, social media has mixed feelings,Weekend holidays,July 3: First Sunday,July 9: Second Saturday + Bakarid,July 10: Second Sunday,July 17: Third Sunday,July 23: Fourth Saturday,July 24: Fourth Sunday","portalUser":{"id":"lkyQnhI6xk8o","name":"Opoyi Buzz","username":"OpoyiBuzz","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_Xzp4oUynR.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"19.076","longitude":"72.8777","name":"Mumbai, Maharashtra, India","city":"Mumbai"},"keywords":"The Reserve Bank of India,also:'Zack Snyder's,Justice League',Thiruvananthpuram,Kochi,Bakrid,The Negotiable Instruments Act,the Negotiable Instruments Act,Real-Time Gross Settlement,Kharchi Puja,Thiruvanthapuram,Banks,Eid-Ul-Azha-Srinagar,Jammu,Bhanu Jaya","originalPublishedOn":"2022-07-01T17:13:14+05:30"}},{"node":{"id":"kC6ZSnaDzN9O","slug":"english/how-bitcoin-price-and-inflation-are-co-related","slugV2":"business/how-bitcoin-price-and-inflation-are-co-related-385362/","title":"How Bitcoin price and inflation are co-related","postType":1,"coverMedia":"/opoyi_LbN9mgw-fY.jpg","coverCaption":"Investors see in Bitcoin an opportunity to beat inflation and so put their money into it. (Photo: Unsplash/Representational)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-01T11:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSome investors believe that Bitcoin has the ability to outperform inflation\u003c/li\u003e\n \u003cli\u003eAccording to JPMorgan, bitcoin is replacing gold as a hedge against inflation\u003c/li\u003e\n \u003cli\u003eIn India consumer price inflation remained higher than the RBI's target of 4%\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1656642827182,\\\"strCount\\\":3575,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There are various reasons for people to invest in \u003ca href=\\\\\\\"https://opoyi.com/india/us-becomes-worlds-cryptocurrency-epicenter-after-china-ban-527504/\\\\\\\"\u003ecryptocurrencies\u003c/a\u003e. While some people desire to book profits, others see this as a quick method to increase their wealth. Others, on the other hand, consider it as a store of worth. However, the majority of them would agree that cryptocurrency, particularly \u003ca href=\\\\\\\"https://opoyi.com/world/bitcoin-crosses-66000-mark-as-mainstreaming-cryptocurrency-gains-momentum-257699/\\\\\\\"\u003eBitcoin\u003c/a\u003e, is an excellent inflation hedge. That is, when \u003ca href=\\\\\\\"https://opoyi.com/usa/twitter-ceo-jack-dorsey-says-hyperinflation-will-hit-us-and-world-soon-119282/\\\\\\\"\u003einflation\u003c/a\u003e grows, the value of money falls.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/fancy-investing-in-squid-game-cryptocurrency-heres-all-you-need-to-know?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003e\u003cb\u003eFancy investing in Squid Game cryptocurrency? Here's all you need to know\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To combat this reoccurring issue, many people invest in assets that are likely to appreciate faster than inflation. This technique guarantees that the net worth of their investment stays positive despite the fact that inflation eats away at the value of their savings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/twitter-ceo-jack-dorsey-says-hyperinflation-will-hit-us-and-world-soon-119282/\\\\\\\"\u003eTwitter Ceo Jack Dorsey says 'hyperinflation' will hit US and world soon\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin's remarkable increase over the last few years has led investors to believe that it has the ability to outperform inflation. As a result, rather than investing in gold or real estate, many of them are investing in the cryptocurrency sector.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/bitcoin-crosses-66000-mark-as-mainstreaming-cryptocurrency-gains-momentum-257699/\\\\\\\"\u003eBitcoin crosses $66,000 mark as mainstreaming cryptocurrency gains momentum\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to JPMorgan, Bitcoin, the world's largest cryptocurrency, is replacing gold as a hedge against inflation, propelling the recent run. The debut of the Bitcoin Strategy ETF, which became the fastest ETF to reach $1 billion in assets under management (AUM), has sparked interest in the cryptocurrency community. It has also focused attention on Gold ETFs and their six-month downward spiral.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/blockchain-attraction-five-indian-celebrities-in-the-nft-game-263120/\\\\\\\"\u003eBlockchain attraction: Five Indian celebrities in the NFT game\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a recent note sent to investors, JP Morgan said many investors are choosing Bitcoin over gold as a hedge against inflation. “The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” the note said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/us-announces-cryptocurrency-enforcement-team-to-tackle-cyberattacks-480566/\\\\\\\"\u003eUS announces 'Cryptocurrency Enforcement Team' to tackle cyberattacks\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"During this time, investment in gold ETFs have dropped by more than $40.8 billion. Furthermore, the yearly return on investment for some of the best-performing gold ETFs has fallen by up to 6%. (ATI).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/crypto-transactions-surge-641-as-defi-dominates-indian-market-says-report-447666/\\\\\\\"\u003eCrypto transactions surge 641% as DeFi dominates Indian market, says report\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For much of last year, consumer price inflation in India remained higher than the Reserve Bank of India's objective of 4%. With global crude oil prices rising, many people are anxious that inflation may climb more in the short term.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"JPMorgan","slug":"jpmorgan","id":"uvPbG4QGB0lw","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"gold","slug":"gold","id":"wsF5Ohik63VD","isSection":0},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-01T11:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"There are various reasons for people to invest in cryptocurrencies. While some people desire to book profits, others see this as a quick method to increase their wealth. Others, on the other hand, consider it as a store of worth. However, the majority of them would agree that cryptocurrency, particularly Bitcoin, is an excellent inflation hedge. That is, when inflation grows, the value of money falls. Also Read | Fancy investing in Squid Game cryptocurrency? Here's all you need to know,To combat this reoccurring issue, many people invest in assets that are likely to appreciate faster than inflation. This technique guarantees that the net worth of their investment stays positive despite the fact that inflation eats away at the value of their savings. Also Read| Twitter Ceo Jack Dorsey says 'hyperinflation' will hit US and world soon,Bitcoin's remarkable increase over the last few years has led investors to believe that it has the ability to outperform inflation. As a result, rather than investing in gold or real estate, many of them are investing in the cryptocurrency sector. Also Read| Bitcoin crosses $66,000 mark as mainstreaming cryptocurrency gains momentum,According to JPMorgan, Bitcoin, the world's largest cryptocurrency, is replacing gold as a hedge against inflation, propelling the recent run. The debut of the Bitcoin Strategy ETF, which became the fastest ETF to reach $1 billion in assets under management (AUM), has sparked interest in the cryptocurrency community. It has also focused attention on Gold ETFs and their six-month downward spiral. Also Read| Blockchain attraction: Five Indian celebrities in the NFT game,In a recent note sent to investors, JP Morgan said many investors are choosing Bitcoin over gold as a hedge against inflation. “The re-emergence of inflation concerns among investors has renewed interest in the usage of bitcoin as an inflation hedge,” the note said. Also Read| US announces 'Cryptocurrency Enforcement Team' to tackle cyberattacks,During this time, investment in gold ETFs have dropped by more than $40.8 billion. Furthermore, the yearly return on investment for some of the best-performing gold ETFs has fallen by up to 6%. (ATI). Also Read| Crypto transactions surge 641% as DeFi dominates Indian market, says report,For much of last year, consumer price inflation in India remained higher than the Reserve Bank of India's objective of 4%. With global crude oil prices rising, many people are anxious that inflation may climb more in the short term.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"bitcoin gold inflation, bitcoin inflation, jp morgan bitcoin gold inflation, bitcoin hedge inflation, rbi inflation, india inflation","originalPublishedOn":"2021-10-24T18:50:00+05:30"}}]},"widgets":[]},"topicList":[{"id":"Bq4MmUPrXF8p","slug":"india","name":"India","isSection":1},{"id":"1hd39Bl2AdAV","slug":"business","name":"Business","isSection":1},{"id":"vdfCkTLQAVNK","slug":"finance","name":"Finance","isSection":0},{"id":"961q4n2jRxlD","slug":"reservebankofindia","name":"ReserveBankOfIndia","isSection":0},{"id":"vHCI0WQLTd1o","slug":"stockmarket","name":"StockMarket","isSection":0},{"id":"PmizC3GAgJQS","slug":"shaktikantadas","name":"ShaktikantaDas","isSection":0},{"id":"5VhOB45vqxj9","slug":"economy","name":"Economy","isSection":0},{"id":"cJVqnLe20t8S","slug":"inflation","name":"Inflation","isSection":0},{"id":"PkCsd9oT2rCN","slug":"sharemarket","name":"ShareMarket","isSection":0},{"id":"MhfKMlGWFTBF","slug":"sensex","name":"Sensex","isSection":0},{"id":"Fwwbh36HIU6W","slug":"rbimonetarypolicy","name":"RBIMonetaryPolicy","isSection":0},{"id":"2JvkXElbbqnQ","slug":"nifty","name":"Nifty","isSection":0},{"id":"hmzqkpDB7jEj","slug":"indianews","name":"IndiaNews","isSection":0},{"id":"mzgUA7dig5kk","slug":"monetarypolicy","name":"MonetaryPolicy","isSection":0},{"id":"74WQDLQfPQDQ","slug":"nse","name":"NSE","isSection":0},{"id":"2seBd7Lyb8z6","slug":"bse","name":"BSE","isSection":0},{"id":"QzdhnKXHT05r","slug":"asia","name":"Asia","isSection":0},{"id":"sdLvX0aD0qHh","slug":"gdp","name":"GDP","isSection":0},{"id":"YTJpdaKq5t2z","slug":"indian","name":"indian","isSection":0},{"id":"L7OoyefNLuEh","slug":"cryptocurrency","name":"Cryptocurrency","isSection":0},{"id":"ZdjTIzNom80K","slug":"russia","name":"Russia","isSection":0},{"id":"0JelBm6rMusZ","slug":"us","name":"US","isSection":0},{"id":"tek0lVji3xxB","slug":"interestrates","name":"InterestRates","isSection":0},{"id":"Dq03BAdFix29","slug":"ukraine","name":"Ukraine","isSection":0},{"id":"kzdkEBmiyLAT","slug":"indianeconomy","name":"IndianEconomy","isSection":0},{"id":"b6gsXRHnIQWf","slug":"bitcoin","name":"Bitcoin","isSection":0},{"id":"odcbbjEYtYHE","slug":"tradesetup","name":"TradeSetup","isSection":0},{"id":"LjkF3MF2IZGY","slug":"banking","name":"Banking","isSection":0},{"id":"gtTvlJMpH5eQ","slug":"china","name":"China","isSection":0},{"id":"v2KXw3fOql0S","slug":"europe","name":"Europe","isSection":0},{"id":"iEhRQcab92b8","slug":"world","name":"World","isSection":1},{"id":"5LjaoI8mVpAk","slug":"axisbank","name":"AxisBank","isSection":0},{"id":"3qqcXJ1ffKSS","slug":"bank","name":"Bank","isSection":0},{"id":"fwaz5zdvBeK4","slug":"tatasteel","name":"TataSteel","isSection":0},{"id":"d7VUkjnjjo4q","slug":"paytm","name":"PayTM","isSection":0},{"id":"kTF38sWsaB2Q","slug":"recession","name":"Recession","isSection":0},{"id":"nAfUON56zYbS","slug":"federalreserve","name":"FederalReserve","isSection":0},{"id":"aF0AipAbPtoh","slug":"france","name":"France","isSection":0},{"id":"MB0nNdjuys5U","slug":"upi","name":"UPI","isSection":0},{"id":"lrmXa26Ltafh","slug":"nirmalasitharaman","name":"NirmalaSitharaman","isSection":0},{"id":"XlPWX4CvETyG","slug":"digitalpayment","name":"DigitalPayment","isSection":0},{"id":"LuN5yAK5glgT","slug":"indusindbank","name":"IndusIndBank","isSection":0},{"id":"CDdTHmgoFn2O","slug":"crudeoil","name":"CrudeOil","isSection":0},{"id":"OHM8LeWpwll6","slug":"healthcare","name":"HealthCare","isSection":0},{"id":"1yMaWjG140NK","slug":"icicibank","name":"ICICIBank","isSection":0},{"id":"PFIK5nEYHzYU","slug":"london","name":"London","isSection":0},{"id":"Lgr3hTOPJ0yv","slug":"unitedstates","name":"UnitedStates","isSection":0},{"id":"oR8rR2OsbTVW","slug":"sbi","name":"SBI","isSection":0},{"id":"KZwaPZRhpUon","slug":"banks","name":"Banks","isSection":0},{"id":"dTaX87T5pmKe","slug":"markets","name":"Markets","isSection":0}],"slug":"rbi","lang":"en","sectionArray":[1,2],"messages":{"Disclaimer":{"DISCLAIMER":"Disclaimer","OPINION_DISCLAIMER":"The views expressed in this article are the personal opinions of the author. 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