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After making cautious start, key indices gained\\\\nfrom strength to strength, as traders took encouragement with Reserve Bank\\\\nGovernor Shaktikanta Das’ statement that India is unlikely to be impacted by\\\\nany adverse developments in \u003ca href=\\\\\\\"https://opoyi.com/topics/taiwan/\\\\\\\"\u003eTaiwan\u003c/a\u003e. Indian markets remained closed on Tuesday\\\\non the account of \u003ca href=\\\\\\\"https://opoyi.com/topics/muharram/\\\\\\\"\u003eMuharram\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-stock-market-djia-sp500-and-nasdaq-turns-red-in-early-trade-on-tuesday-722113/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500 and Nasdaq turns red in early trade on Tuesday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bull candle on the daily\\\\nchart, and is placed at the upper end of its short-term range of 17,200-17,500,\\\\naccording to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The\\\\nbreakout of the 17,500-17,550 band is a positive sign and suggests more upside\\\\nin the short term, he pointed out.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso 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\u003eIndian Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex rose 465.14 points or 0.80% to 58,853.07 while\\\\nthe Nifty was up by 127.60 points or 0.73% to 17,525.10 at close of trading on Monday.\\\\nThe Sensex moved in a high and low band of 58,934.90 and 58,266.65. There were 20\\\\nstocks advancing against 10 declining stocks on the index. The Nifty traded in\\\\na range of 17,548.80 and 17,359.75. There were 34 stocks advancing against 16\\\\nstocks declining on the index.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso 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 BSE mid-cap\\\\nindex increasing 0.31%, while small-cap index was up by 0.28%. The top gaining\\\\nsectoral indices on the BSE were Capital Goods up by 2.00%, Power up by 1.92%,\\\\nUtilities up by 1.61%, Metal up by 1.27% and Industrials up by 1.11%, while Oil\\\\n\u0026amp; Gas down by 0.03% was the lone losing indices on 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, rose 2.05% to 19.30 on Monday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a negative opening for the\\\\nindex in India with a 38 points loss. The\\\\nNifty futures were trading at 17,502\u0026nbsp;on the\\\\nSingaporean Exchange around 06:55 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 17,407,\\\\nfollowed by 17,289. If the index moves up, the key resistance levels to watch\\\\nout for are 17,596 and 17,667, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUS Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 17.59 points, or 0.42%, to 4,122.47 at\\\\nclose of trading on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 58.13 points, or 0.18%,\\\\nto 32,774.41.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003eNasdaq\u003c/a\u003e fell 150.53 points, or 1.19%, to 12,493.93.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 28.31\\\\npoints, or 1.46%, to 1,912.89.\\\\n\\\"}},{\\\"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 mixed on Tuesday. The Nikkei 225 fell\\\\n0.88%, the Hang Seng fell 0.21%, while the Shanghai Composite rose 0.32%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended mostly lower on Tuesday. France's\\\\nCAC 40 was down by 0.53%, Germany’s DAX was down by 1.12% and London's FTSE 100\\\\nwas up by 0.077%.\\\\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\u003eBharti Airtel Q1 Results: Net profit surged\\\\n467% to Rs 1,607 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The telecom operator reported a 467% year-on-year growth in\\\\nprofit at Rs 1,606.9 crore for the quarter ended June 30, 2022. Revenue surged 22.2%\\\\nto Rs 32,804.6 crore and EBITDA increased 26% to Rs 16,604.40 crore as against\\\\nthe corresponding quarter of previous fiscal. EBITDA margin expanded by 150 bps\\\\nyear-on-year to 50.6% in the reported quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePower Grid Q1 Results: Profit falls 37% YoY to\\\\nRs 3,801 crore, revenue rises 7% \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company posted a 37% year-on-year decline in\\\\nconsolidated profit at Rs 3,801 crore in the April-June quarter of fiscal 2023\\\\non a high base. Profit in the year-ago period was boosted by exceptional gain.\\\\nRevenue surged by 6.7% to Rs 10,905.21 crore compared to the same quarter of\\\\nprevious financial year.\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\nAlso 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\u003eTorrent Power Q1 Results: Consolidated profit\\\\njumps 142% YoY to Rs 502 crore \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company reported a 142% year-on-year growth in consolidated\\\\nprofit at Rs 502 crore in the quarter ended June 30, fiscal 2023, led by a\\\\nhealthy top line, operating income and other income. Revenue jumped 110% to Rs\\\\n6,510 crore compared to the corresponding quarter of the previous fiscal.\\\\nProfitability was supported by an increase in contribution from renewable\\\\ngeneration, gain from trading of LNG, improved performance of licensed\\\\ndistribution businesses, and increase in contribution from franchised\\\\ndistribution business.\\\\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\u003eWhirlpool of India Q1 Results: Profit rises\\\\nover three-fold to Rs 84.6 crore, revenue jumps 55%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company clocked a 232% year-on-year growth in consolidated\\\\nprofit at Rs 84.6 crore for the April-June quarter of fiscal 2023, supported by\\\\na low base. Profit in the year-ago period was affected by the second wave of Covid-19.\\\\nRevenue grew 55% to Rs 2,081 crore compared to the same period last year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/iran-places-first-import-order-worth-10-million-using-cryptocurrency-722050/\\\\\\\"\u003eIran places first import order worth $10 million using cryptocurrency\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBulk Deal data\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Aavyana Advisors LLP bought 1,00,000 shares in Agarwal Inds\\\\nCorporation Limited at Rs 618.00 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNse\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Brits Estate Private Limited sold 1,83,050 shares in\\\\nBedmutha Industries Limited at Rs 70.50 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Dipak Kumar Modi sold 5,00,000 shares in Bharat Wire Ropes\\\\nLimited at Rs 84.90 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Samarth Garg \u0026amp; Sons HUF bought 20,00,000 shares in\\\\nIntegra Essentia Limited at Rs 6.39 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/tata-motors-buys-fords-sanand-plant-for-rs-725-crore-720904/\\\\\\\"\u003eTata Motors buys Ford’s Sanand plant for Rs 725 crore\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nakshatra Garments Private Limited bought 10,04,924 shares\\\\nin Globe Textiles (I) Limited at Rs 7.89 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Multiplier Share \u0026amp; Stock Advisors Private Limited\\\\nbought 14,23,049 shares in Godha Cabcon Insulation Limited at Rs 6.30 per share\\\\non the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Company Shivaay Trading sold 2,50,801 shares in Indbank\\\\nMerchant Banking Service Limited at Rs 25.48 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Goenka Business \u0026amp; Finance Limited sold 1,41,000 shares\\\\nin Innovana Thinklabs Limited at Rs 293.83 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/week-ahead-inflation-data-quarterly-results-to-weigh-on-sensex-nifty-720603/\\\\\\\"\u003eWeek ahead: Inflation data, quarterly results to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Qmin Pharma Private Limited bought 38,000 shares in Latteys\\\\nIndustries Limited at Rs 75.50 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indra Kiran Ventures bought 50,004 shares in Madhav marbles\\\\nand granites limited at Rs 55.32 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vanita Chordia sold 95,290 shares in Silgo Retail Limited\\\\nat Rs 28.39 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shirish Purushottamrao Pande bought 1,23,585 shares in\\\\nTimes Guaranty Limited at Rs 65.07 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ravi Goenka bought 8,00,000 shares in Welspun Enterprises\\\\nLimited at Rs 113.56 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDII and FII data\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) have bought shares\\\\nworth a net Rs 1,449.70 crore, whereas domestic institutional investors (DIIs) have\\\\nsold shares worth a net Rs 140.73 crore on August 8, as per provisional data\\\\navailable on the NSE. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Balrampur Chini Mills, Escorts and Delta Corp are\\\\nthe stocks/securities that have been placed under the F\u0026amp;O ban for August 10.\\\\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":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","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":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Bhartiairtel","slug":"bhartiairtel","id":"YOuNxy4DtOwC","isSection":0},{"name":"Taiwan","slug":"taiwan","id":"AmHZqT1DMin1","isSection":0},{"name":"Muharram","slug":"muharram","id":"fL1tAcLLN9Yb","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"BulkDeal","slug":"bulkdeal","id":"hhAiScHAHTyh","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":"2022-08-10T07:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks ended with decent gains on Monday as a fall in oil prices and buying in Capital Goods, Power and Utilities stocks boosted investor sentiment. After making cautious start, key indices gained from strength to strength, as traders took encouragement with Reserve Bank Governor Shaktikanta Das’ statement that India is unlikely to be impacted by any adverse developments in Taiwan. Indian markets remained closed on Tuesday on the account of Muharram. Also Read | US Stock Market: DJIA, S\u0026P500 and Nasdaq turns red in early trade on Tuesday,The Nifty50 has formed a long bull candle on the daily chart, and is placed at the upper end of its short-term range of 17,200-17,500, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The breakout of the 17,500-17,550 band is a positive sign and suggests more upside in the short term, he pointed out. , Also Read| RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,Indian Indices,The Sensex rose 465.14 points or 0.80% to 58,853.07 while the Nifty was up by 127.60 points or 0.73% to 17,525.10 at close of trading on Monday. The Sensex moved in a high and low band of 58,934.90 and 58,266.65. There were 20 stocks advancing against 10 declining stocks on the index. The Nifty traded in a range of 17,548.80 and 17,359.75. There were 34 stocks advancing against 16 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 0.31%, while small-cap index was up by 0.28%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.00%, Power up by 1.92%, Utilities up by 1.61%, Metal up by 1.27% and Industrials up by 1.11%, while Oil \u0026 Gas down by 0.03% was the lone losing indices on 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, rose 2.05% to 19.30 on Monday. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 38 points loss. The Nifty futures were trading at 17,502 on the Singaporean Exchange around 06:55 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 17,407, followed by 17,289. If the index moves up, the key resistance levels to watch out for are 17,596 and 17,667, according to pivot charts. US Markets,The S\u0026P 500 fell 17.59 points, or 0.42%, to 4,122.47 at close of trading on Tuesday. The Dow Jones Industrial Average fell 58.13 points, or 0.18%, to 32,774.41. The Nasdaq fell 150.53 points, or 1.19%, to 12,493.93. The Russell 2000 index of smaller companies fell 28.31 points, or 1.46%, to 1,912.89. , Also Read| Great Depression to COVID: Top 5 market crashes in American history,Asian Markets,Asian markets ended mixed on Tuesday. The Nikkei 225 fell 0.88%, the Hang Seng fell 0.21%, while the Shanghai Composite rose 0.32%. European Markets,European markets ended mostly lower on Tuesday. France's CAC 40 was down by 0.53%, Germany’s DAX was down by 1.12% and London's FTSE 100 was up by 0.077%. , Also Read| How to survive a market crash,Major News Headlines,Bharti Airtel Q1 Results: Net profit surged 467% to Rs 1,607 crore,The telecom operator reported a 467% year-on-year growth in profit at Rs 1,606.9 crore for the quarter ended June 30, 2022. Revenue surged 22.2% to Rs 32,804.6 crore and EBITDA increased 26% to Rs 16,604.40 crore as against the corresponding quarter of previous fiscal. EBITDA margin expanded by 150 bps year-on-year to 50.6% in the reported quarter. Power Grid Q1 Results: Profit falls 37% YoY to Rs 3,801 crore, revenue rises 7% ,The company posted a 37% year-on-year decline in consolidated profit at Rs 3,801 crore in the April-June quarter of fiscal 2023 on a high base. Profit in the year-ago period was boosted by exceptional gain. Revenue surged by 6.7% to Rs 10,905.21 crore compared to the same quarter of previous financial year. , Also Read| Why global economy is not in recession yet,Torrent Power Q1 Results: Consolidated profit jumps 142% YoY to Rs 502 crore ,The company reported a 142% year-on-year growth in consolidated profit at Rs 502 crore in the quarter ended June 30, fiscal 2023, led by a healthy top line, operating income and other income. Revenue jumped 110% to Rs 6,510 crore compared to the corresponding quarter of the previous fiscal. Profitability was supported by an increase in contribution from renewable generation, gain from trading of LNG, improved performance of licensed distribution businesses, and increase in contribution from franchised distribution business. , Also Read| US inflation rate at a 40-year high | A timeline: 1930-2022,Whirlpool of India Q1 Results: Profit rises over three-fold to Rs 84.6 crore, revenue jumps 55%,The company clocked a 232% year-on-year growth in consolidated profit at Rs 84.6 crore for the April-June quarter of fiscal 2023, supported by a low base. Profit in the year-ago period was affected by the second wave of Covid-19. Revenue grew 55% to Rs 2,081 crore compared to the same period last year. Also Read | Iran places first import order worth $10 million using cryptocurrency,Bulk Deal data,Aavyana Advisors LLP bought 1,00,000 shares in Agarwal Inds Corporation Limited at Rs 618.00 per share on the Nse. Brits Estate Private Limited sold 1,83,050 shares in Bedmutha Industries Limited at Rs 70.50 per share on the Nse. Dipak Kumar Modi sold 5,00,000 shares in Bharat Wire Ropes Limited at Rs 84.90 per share on the Nse. Samarth Garg \u0026 Sons HUF bought 20,00,000 shares in Integra Essentia Limited at Rs 6.39 per share on the Nse. Also Read | Tata Motors buys Ford’s Sanand plant for Rs 725 crore,Nakshatra Garments Private Limited bought 10,04,924 shares in Globe Textiles (I) Limited at Rs 7.89 per share on the Nse. Multiplier Share \u0026 Stock Advisors Private Limited bought 14,23,049 shares in Godha Cabcon Insulation Limited at Rs 6.30 per share on the Nse. Company Shivaay Trading sold 2,50,801 shares in Indbank Merchant Banking Service Limited at Rs 25.48 per share on the Nse. Goenka Business \u0026 Finance Limited sold 1,41,000 shares in Innovana Thinklabs Limited at Rs 293.83 per share on the Nse. Also Read | Week ahead: Inflation data, quarterly results to weigh on Sensex, Nifty,Qmin Pharma Private Limited bought 38,000 shares in Latteys Industries Limited at Rs 75.50 per share on the Nse. Indra Kiran Ventures bought 50,004 shares in Madhav marbles and granites limited at Rs 55.32 per share on the Nse. Vanita Chordia sold 95,290 shares in Silgo Retail Limited at Rs 28.39 per share on the Nse. Shirish Purushottamrao Pande bought 1,23,585 shares in Times Guaranty Limited at Rs 65.07 per share on the Nse. Ravi Goenka bought 8,00,000 shares in Welspun Enterprises Limited at Rs 113.56 per share on the Nse. DII and FII data,Foreign institutional investors (FIIs) have bought shares worth a net Rs 1,449.70 crore, whereas domestic institutional investors (DIIs) have sold shares worth a net Rs 140.73 crore on August 8, as per provisional data available on the NSE. ,NSE F\u0026O Ban,Balrampur Chini Mills, Escorts and Delta Corp are the stocks/securities that have been placed under the F\u0026O ban for August 10. 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":"Trade setup, trade setup wednesday, trade setup August 10, stock market,Stock market news, share market, Sensex, Nifty, BSE, NSE,the Singaporean Exchange,India,Utilities,Asian,Reserve Bank,Shaktikanta Das,Taiwan,Muharram,US,Nasdaq","originalPublishedOn":"2022-08-10T07:00:00+05:30"}},{"node":{"id":"L8FuAQDwEJzB","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-august-3-2022-1","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-august-3-2022-720707/","title":"Trade Setup: Top 15 things to know before market opens on August 8, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in green with the BSE mid-cap index increasing 0.09%, while small-cap index was up by 0.23% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-08T07:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Sensex rose 81.13 points or 0.15% to 58,387.93 while the Nifty was up by 15.50 points or 0.09% to 17,397.50\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 1.78% to 18.92 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\\\":1659921505076,\\\"strCount\\\":9528,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks ended modestly higher on Friday\\\\nled by gains in Telecom, Basic Materials and TECK stocks. Key indices made a positive start and stayed in green for the most part of the day. \u003ca href=\\\\\\\"https://opoyi.com/topics/reservebankofindia/\\\\\\\"\u003eReserve Bank of\\\\nIndia\u003c/a\u003e (RBI) raised the benchmark lending rate by 50 basis points to 5.40% to\\\\ntame inflation. It has also retained its FY23 gross domestic product (GDP)\\\\ngrowth forecast at 7.2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/why-are-kcr-and-nitish-kumar-missing-from-pm-modis-big-niti-aayog-meet-720214/\\\\\\\"\u003eWhy are KCR and Nitish Kumar missing from PM Modi’s big NITI Aayog meet?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a small negative candle on the daily\\\\nchart with minor upper and lower shadows, reflecting rangebound action in the\\\\nmarket, according to Nagaraj Shetti, Technical Research Analyst at HDFC\\\\nSecurities. He expects the benchmark to take a breather before regaining\\\\nmomentum.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eIndian Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex rose 81.13 points or 0.15% to 58,387.93 while\\\\nthe Nifty was up by 15.50 points or 0.09% to 17,397.50 at close of trading on Friday.\\\\nThe Sensex moved in a high and low band of 58,649.19 and 58,244.86. There were 16\\\\nstocks advancing against 14 declining stocks on the index. The Nifty traded in\\\\na range of 17,474.40 and 17,348.75. There were 28 stocks advancing against 22\\\\nstocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/ftc-to-review-amazons-irobot-acquisition-for-antitrust-violations-719517/\\\\\\\"\u003eFTC to review Amazon's iRobot acquisition for antitrust violations\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 0.09%, while small-cap index was up by 0.23%. The top gaining\\\\nsectoral indices on the BSE were Telecom up by 1.34%, Basic Materials up by\\\\n0.89%, TECK up by 0.82%, IT up by 0.72% and Bankex up by 0.47%, while Utilities\\\\ndown by 1.86%, Power down by 1.59%, Auto down by 1.12%, Consumer Durables down\\\\nby 0.84% and Consumer Discretionary down by 0.45% were the top losing indices\\\\non BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/amazon-to-acquire-roomba-makers-for-17-billion-718897/\\\\\\\"\u003eAmazon to acquire Roomba makers for $1.7 billion\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 1.78% to 18.92 on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a negative opening for the\\\\nindex in India with a 77 points loss. The Nifty futures were trading at\u0026nbsp;17,346.50 on the Singaporean Exchange around 06:45 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eHow inflation affects RBI’s interest rate policy\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 17,339,\\\\nfollowed by 17,281. If the index moves up, the key resistance levels to watch\\\\nout for are 17,465 and 17,532, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUS Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 6.75 points, or 0.16%, to 4,145.19.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 76.65 points, or 0.23%,\\\\nto 32,803.47.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/nasdaq/\\\\\\\"\u003eNasdaq\u003c/a\u003e fell 63.03 points, or 0.50%, to 12,657.57.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 15.37\\\\npoints, or 0.81%, to 1,921.82.\\\"}},{\\\"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\\\":\\\"\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 Friday. The Nikkei 225\\\\nrose 0.87%, the Hang Seng rose 0.14%, the KOSPI Composite rose 0.72% and the\\\\nShanghai Composite rose 1.19%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended mostly lower on Friday. France's CAC\\\\n40 was up by 0.63%, Germany’s DAX was down by 0.55% and London's FTSE 100 was down\\\\nby 0.11%.\\\"}},{\\\"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\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI MPC hikes repo rate by 50 bps as\\\\ninflationary pressures intensify\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) Governor Shaktikanta Das on\\\\nFriday announced that the Monetary Policy Committee voted unanimously to hike\\\\nthe benchmark interest rate by 50 basis points (bps) to 5.4% with immediate\\\\neffect. The Standing Deposit Facility (SDF) rate is adjusted to 5.15%. The\\\\nMarginal Standing Facility (MSF) and bank rate are revised at 5.65%. The RBI\\\\nPolicy stance is retained at Withdrawal of Accommodation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e while delivering his MPC\\\\nstatement said, the Indian economy is impacted by global situations. The\\\\nglobalisation of inflation coincides with de-globalisation of trade, he said.\\\"}},{\\\"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\u003eState Bank of India Q1 Results: Net profit falls\\\\n6.7% to Rs 6,068 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The country’s largest lender posted a 6.7% year-on-year\\\\ndecline in profit at Rs 6,068 crore for the quarter ended June 30, 2022,\\\\nimpacted by lower operating profit and other income, though supported by lower\\\\nprovisions. Net interest income during the April-June period rose 12.87%\\\\nyear-on-year to Rs 31,196 crore. However, operating profit declined 32.8%\\\\nyear-on-year to Rs 12,753 crore and other income plunged 80% year-on-year to Rs\\\\n2,312 crore for the reported quarter. Loan loss provisions declined 15.14% to\\\\nRs 4,268 crore.\\\"}},{\\\"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\\\":\\\"\u003cb\u003eBharat Petroleum Corporation Q1 Results: Consolidated\\\\nloss widens to Rs 6,291 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The oil marketing company reported a standalone loss of Rs\\\\n6.290.80 crore for the quarter ended June 30, 2022, compared to a profit of Rs\\\\n3,192.58 crore in the same quarter of previous financial year, impacted by an\\\\nincrease in input cost. Revenue from operating surged by 54% year-on-year to Rs\\\\n1.38 lakh crore for the April-June quarter. The average gross refining margin\\\\n(GRM) of the Corporation for the quarter was $27.51 per barrel against $4.12\\\\nper barrel in first quarter as the supressed marketing margins of certain\\\\npetroleum products have offset the benefit of higher GRM.\\\"}},{\\\"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\\\":\\\"\u003cb\u003eFSN E-Commerce Ventures Q1 Results: Consolidated\\\\nprofit grows 42% to Rs 5 crore\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The parent of \u003ca href=\\\\\\\"https://opoyi.com/topics/nykaa/\\\\\\\"\u003eNykaa\u003c/a\u003e posted a 42.24% year-on-year increase\\\\nin consolidated profit at Rs 5.01 crore for the quarter ended June 30, 2022,\\\\naided by better topline and operating performance of the cosmetics-to-fashion\\\\nretailer. Revenue from operations for the period came in at Rs 1,148.4 crore,\\\\nreporting a 40.56% growth compared to the same quarter of previous financial\\\\nyear. The consolidated gross merchandise value (GMV) has been quite strong, and\\\\nhas grown 47% year-on-year to Rs 2,155.8 crore for the reported quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/why-is-meta-making-a-bond-offering-now-718662/\\\\\\\"\u003eWhy is Meta making a bond offering now?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBulk Deal data\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nakshatra Garments Private Limited bought 2,12,290 shares\\\\nin Arihant Superstructures Limited at Rs 176.15 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNse\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Macritchie Investments Pte Limited sold 202,50,000 shares\\\\nin Crompton Greaves Consumer Electrical Limited at Rs 370.74 per share on the\\\\nNse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Eriska Investment Fund Ltd bought 75,000 shares in Dev\\\\nInformation Technology Limited at Rs 199.95 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Samalkha Shares Consultants LLP bought 25,00,000 shares in\\\\nIntegra Essentia Limited at Rs 6.65 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/soundcloud-lays-off-20-of-its-global-workforce-718633/\\\\\\\"\u003eSoundCloud lays off 20% of its global workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Company Shivaay Trading bought 2,55,000 shares in Indbank\\\\nMerchant Banking Services Limited at Rs 24.74 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Mangalam Laboratories Private Limited sold 71,810 shares in\\\\nIMP Powers Limited at Rs 8.26 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shaibal Ghosh bought 1,00,939 shares in Kshitij Polyline\\\\nLimited at Rs 44.41 per share on the Nse.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reliance Mutual Fund sold 746,81,276 shares in NMDC Limited\\\\nat Rs 110.81 per share on the Nse.\\\"}},{\\\"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\u003eDII and FII data\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Foreign institutional investors (FIIs) have bought\\\\nshares worth a net Rs 1,605.81 crore, whereas domestic institutional investors (DIIs)\\\\nnet sold shares worth Rs 495.94 crore on August 5, as per provisional data\\\\navailable on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eNSE F\u0026amp;O Ban\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Balrampur Chini Mills, Escorts and Delta Corp are the\\\\nstocks/securities that have been placed under the F\u0026amp;O ban for August 8.\\\\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":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","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":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"statebankofindia","slug":"statebankofindia","id":"JlwkJwLguBQl","isSection":0},{"name":"Nykaa","slug":"nykaa","id":"Dw6q9TIGEY3D","isSection":0},{"name":"BulkDeal","slug":"bulkdeal","id":"hhAiScHAHTyh","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":"2022-08-08T07:00:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks ended modestly higher on Friday led by gains in Telecom, Basic Materials and TECK stocks. Key indices made a positive start and stayed in green for the most part of the day. Reserve Bank of India (RBI) raised the benchmark lending rate by 50 basis points to 5.40% to tame inflation. It has also retained its FY23 gross domestic product (GDP) growth forecast at 7.2%. Also Read | Why are KCR and Nitish Kumar missing from PM Modi’s big NITI Aayog meet?,The Nifty50 has formed a small negative candle on the daily chart with minor upper and lower shadows, reflecting rangebound action in the market, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He expects the benchmark to take a breather before regaining momentum. Indian Indices,The Sensex rose 81.13 points or 0.15% to 58,387.93 while the Nifty was up by 15.50 points or 0.09% to 17,397.50 at close of trading on Friday. The Sensex moved in a high and low band of 58,649.19 and 58,244.86. There were 16 stocks advancing against 14 declining stocks on the index. The Nifty traded in a range of 17,474.40 and 17,348.75. There were 28 stocks advancing against 22 stocks declining on the index. Also Read | FTC to review Amazon's iRobot acquisition for antitrust violations,Broader Indices,The broader indices ended in green with the BSE mid-cap index increasing 0.09%, while small-cap index was up by 0.23%. The top gaining sectoral indices on the BSE were Telecom up by 1.34%, Basic Materials up by 0.89%, TECK up by 0.82%, IT up by 0.72% and Bankex up by 0.47%, while Utilities down by 1.86%, Power down by 1.59%, Auto down by 1.12%, Consumer Durables down by 0.84% and Consumer Discretionary down by 0.45% were the top losing indices on BSE. Also Read | Amazon to acquire Roomba makers for $1.7 billion,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 1.78% to 18.92 on Friday. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 77 points loss. The Nifty futures were trading at 17,346.50 on the Singaporean Exchange around 06:45 hours IST. Also Read | How inflation affects RBI’s interest rate policy,Support and Resistance levels,The key support level for the Nifty is placed at 17,339, followed by 17,281. If the index moves up, the key resistance levels to watch out for are 17,465 and 17,532, according to pivot charts. US Markets,The S\u0026P 500 fell 6.75 points, or 0.16%, to 4,145.19. The Dow Jones Industrial Average rose 76.65 points, or 0.23%, to 32,803.47. The Nasdaq fell 63.03 points, or 0.50%, to 12,657.57. The Russell 2000 index of smaller companies rose 15.37 points, or 0.81%, to 1,921.82. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,Asian Markets,Asian markets ended mostly higher on Friday. The Nikkei 225 rose 0.87%, the Hang Seng rose 0.14%, the KOSPI Composite rose 0.72% and the Shanghai Composite rose 1.19%. European Markets,European markets ended mostly lower on Friday. France's CAC 40 was up by 0.63%, Germany’s DAX was down by 0.55% and London's FTSE 100 was down by 0.11%. Also Read | Why interest rates are being hiked globally?,Major News Headlines,RBI MPC hikes repo rate by 50 bps as inflationary pressures intensify,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 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. Also Read | In times of turbulence, Indian economy is island of stability: RBI Governor,State Bank of India Q1 Results: Net profit falls 6.7% to Rs 6,068 crore,The country’s largest lender posted a 6.7% year-on-year decline in profit at Rs 6,068 crore for the quarter ended June 30, 2022, impacted by lower operating profit and other income, though supported by lower provisions. Net interest income during the April-June period rose 12.87% year-on-year to Rs 31,196 crore. However, operating profit declined 32.8% year-on-year to Rs 12,753 crore and other income plunged 80% year-on-year to Rs 2,312 crore for the reported quarter. Loan loss provisions declined 15.14% to Rs 4,268 crore. Also Read | Explained: Changes in repo rates and their impact on stock market,Bharat Petroleum Corporation Q1 Results: Consolidated loss widens to Rs 6,291 crore,The oil marketing company reported a standalone loss of Rs 6.290.80 crore for the quarter ended June 30, 2022, compared to a profit of Rs 3,192.58 crore in the same quarter of previous financial year, impacted by an increase in input cost. Revenue from operating surged by 54% year-on-year to Rs 1.38 lakh crore for the April-June quarter. The average gross refining margin (GRM) of the Corporation for the quarter was $27.51 per barrel against $4.12 per barrel in first quarter as the supressed marketing margins of certain petroleum products have offset the benefit of higher GRM. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,FSN E-Commerce Ventures Q1 Results: Consolidated profit grows 42% to Rs 5 crore,The parent of Nykaa posted a 42.24% year-on-year increase in consolidated profit at Rs 5.01 crore for the quarter ended June 30, 2022, aided by better topline and operating performance of the cosmetics-to-fashion retailer. Revenue from operations for the period came in at Rs 1,148.4 crore, reporting a 40.56% growth compared to the same quarter of previous financial year. The consolidated gross merchandise value (GMV) has been quite strong, and has grown 47% year-on-year to Rs 2,155.8 crore for the reported quarter. Also Read | Why is Meta making a bond offering now?,Bulk Deal data,Nakshatra Garments Private Limited bought 2,12,290 shares in Arihant Superstructures Limited at Rs 176.15 per share on the Nse. Macritchie Investments Pte Limited sold 202,50,000 shares in Crompton Greaves Consumer Electrical Limited at Rs 370.74 per share on the Nse. Eriska Investment Fund Ltd bought 75,000 shares in Dev Information Technology Limited at Rs 199.95 per share on the Nse. Samalkha Shares Consultants LLP bought 25,00,000 shares in Integra Essentia Limited at Rs 6.65 per share on the Nse. Also Read | SoundCloud lays off 20% of its global workforce,Company Shivaay Trading bought 2,55,000 shares in Indbank Merchant Banking Services Limited at Rs 24.74 per share on the Nse. Mangalam Laboratories Private Limited sold 71,810 shares in IMP Powers Limited at Rs 8.26 per share on the Nse. Shaibal Ghosh bought 1,00,939 shares in Kshitij Polyline Limited at Rs 44.41 per share on the Nse. Reliance Mutual Fund sold 746,81,276 shares in NMDC Limited at Rs 110.81 per share on the Nse. Also Read | RBI monetary policy committee meet: Key highlights,DII and FII data,Foreign institutional investors (FIIs) have bought shares worth a net Rs 1,605.81 crore, whereas domestic institutional investors (DIIs) net sold shares worth Rs 495.94 crore on August 5, as per provisional data available on the NSE. NSE F\u0026O Ban,Balrampur Chini Mills, Escorts and Delta Corp are the stocks/securities that have been placed under the F\u0026O ban for August 8. 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":"MPC,Shaktikanta Das,Reserve Bank of India,Bankex,Utilities,India,the Singaporean Exchange,US,Nasdaq,Russell,Hang Seng","originalPublishedOn":"2022-08-08T06:40:45+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":"j7Uabcx23mrf","slug":"english/closing-bell-sensex-nifty-end-higher-as-rbi-mpc-hikes-repo-rate","slugV2":"business/closing-bell-sensex-nifty-end-higher-as-rbi-mpc-hikes-repo-rate-718836/","title":"Closing Bell: Sensex, Nifty end higher as RBI MPC hikes repo rate","postType":1,"coverMedia":"/opoyi_B5BNpmKjI.jpg","coverCaption":"Brent crude went up 1.22% to USD 92.22 per barrel (Photo Credits: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-08-05T17:22:46+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex ended 89.13 points or 0.15% higher at 58,387.93\u003c/li\u003e\n \u003cli\u003eNifty gained 15.50 points or 0.09% to settle at 17,397.50\u003c/li\u003e\n \u003cli\u003eThe RBI MPC raised 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\\\":1659700364023,\\\"strCount\\\":4009,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks ended mostly higher on Friday\\\\nafter the Reserve Bank of India (RBI) raised the key interest rate to curb stubbornly \u003ca href=\\\\\\\"https://opoyi.com/business/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003ehigh inflation\u003c/a\u003e and defend the rupee. Continuous foreign fund inflows\\\\ninto the capital markets and softening crude oil prices also helped the bourses\\\\nregain momentum, traders said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex ended 89.13 points or 0.15% higher at 58,387.93\\\\nafter facing volatility during the fag-end of trade. During the day, it climbed\\\\n350.39 points or 0.60% to 58,649.19. The broader NSE Nifty gained 15.50 points or 0.09% to\\\\nsettle at 17,397.50.\\\"}},{\\\"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 Reserve Bank of India (RBI) Governor \u003ca href=\\\\\\\"https://opoyi.com/business/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e\\\\nannounced that the Monetary Policy Committee voted unanimously to hike the\\\\nbenchmark \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003einterest rate\u003c/a\u003e by 50 basis points (bps) to 5.4% with immediate effect.\\\\nIt is now back to the pre-pandemic levels and the highest since 2019.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u0026nbsp;The Standing Deposit\\\\nFacility (SDF) rate is adjusted to 5.15%. The Marginal Standing Facility (MSF)\\\\nand bank rate are revised at 5.65%.\\\"}},{\\\"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 50 bps rate hike by the Reserve Bank of India\\\\ntoday is broadly in line with the consensus expectations,\\\\\\\" said Sujan\\\\nHajra - Chief Economist and Executive Director, Anand Rathi Shares \u0026amp; Stock\\\\nBrokers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in green with the BSE Midcap\\\\nindex up by 0.09%, while the Small cap index was up by 0.23%. The top gaining\\\\nsectoral indices on the BSE were Telecom up by 1.34%, Basic Materials up by\\\\n0.89%, TECK up by 0.82%, IT up by 0.72%, and Bankex up by 0.47%, while\\\\nUtilities down by 1.86%, Power down by 1.59%, Auto down by 1.12%, Consumer\\\\nDurables down by 0.84% and Consumer Disc down by 0.45% were the top losing\\\\nindices 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\\\":\\\"Top gainers from the Sensex pack were UltraTech Cement\\\\n2.86%, ICICI Bank up by 2.26%, Bharti Airtel up by 1.30%, Power Grid Corp up by\\\\n1.20%, Infosys up by 1.06%, Wipro up by 1.02%, Axis Bank by 0.90%, NTPC up\\\\n0.71%, Hindustan Unilever up by 0.60% and up by ITC up by 0.42%. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among the losers were Mahindra down by 2.04%, Maruti Suzuki\\\\ndown by 1.50%, Reliance down by 1.46%, IndusInd Bank down by 1.06%, Bajaj\\\\nFinserv down by 0.59%, SBI down by 0.42%, Tata Steel down by 0.32% and HDFC\\\\ndown by 0.28%.\\\"}},{\\\"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 \u003ca href=\\\\\\\"https://opoyi.com/topics/asia/\\\\\\\"\u003eAsia\u003c/a\u003e, markets in Hong Kong, \u003ca href=\\\\\\\"https://opoyi.com/topics/shanghai/\\\\\\\"\u003eShanghai\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topics/tokyo/\\\\\\\"\u003eTokyo\u003c/a\u003e, and \u003ca href=\\\\\\\"https://opoyi.com/topics/seoul/\\\\\\\"\u003eSeoul\u003c/a\u003e\\\\nsettled in the green.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European indexes were trading lower during mid-session\\\\ndeals. The US stock markets had ended on a mixed note on Thursday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Brent crude, the international oil benchmark went higher by\\\\n0.18% to $94.29 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u0026nbsp;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\\\":\\\"According to the stock exchange data, foreign institutional\\\\ninvestors remained net buyers in the capital markets as they bought shares\\\\nworth Rs 1,474.77 crore on Thursday.\\\"}}]}","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":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","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":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ICICIBank","slug":"icicibank","id":"1yMaWjG140NK","isSection":0},{"name":"Bhartiairtel","slug":"bhartiairtel","id":"YOuNxy4DtOwC","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"MarutiSuzuki","slug":"marutisuzuki","id":"j4RF2tcJ4KCJ","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"TataSteel","slug":"tatasteel","id":"fwaz5zdvBeK4","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":"2022-08-05T17:22:43+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks ended mostly higher on Friday after the Reserve Bank of India (RBI) raised the key interest rate to curb stubbornly high inflation and defend the rupee. Continuous foreign fund inflows into the capital markets and softening crude oil prices also helped the bourses regain momentum, traders said. The Sensex ended 89.13 points or 0.15% higher at 58,387.93 after facing volatility during the fag-end of trade. During the day, it climbed 350.39 points or 0.60% to 58,649.19. The broader NSE Nifty gained 15.50 points or 0.09% to settle at 17,397.50. Also Read | RBI monetary policy committee meet: Key highlights,The Reserve Bank of India (RBI) Governor Shaktikanta Das 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. It is now back to the pre-pandemic levels and the highest since 2019. 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 | Explained: Difference between RBI’s accommodative, neutral \u0026 hawkish stance,The 50 bps rate hike by the Reserve Bank of India today is broadly in line with the consensus expectations, said Sujan Hajra - Chief Economist and Executive Director, Anand Rathi Shares \u0026 Stock Brokers. The broader indices ended in green with the BSE Midcap index up by 0.09%, while the Small cap index was up by 0.23%. The top gaining sectoral indices on the BSE were Telecom up by 1.34%, Basic Materials up by 0.89%, TECK up by 0.82%, IT up by 0.72%, and Bankex up by 0.47%, while Utilities down by 1.86%, Power down by 1.59%, Auto down by 1.12%, Consumer Durables down by 0.84% and Consumer Disc down by 0.45% were the top losing indices on BSE. Also Read | FDI inflows have improved to $13.6 billion in Q1FY23: RBI Governor,Top gainers from the Sensex pack were UltraTech Cement 2.86%, ICICI Bank up by 2.26%, Bharti Airtel up by 1.30%, Power Grid Corp up by 1.20%, Infosys up by 1.06%, Wipro up by 1.02%, Axis Bank by 0.90%, NTPC up 0.71%, Hindustan Unilever up by 0.60% and up by ITC up by 0.42%. ,Among the losers were Mahindra down by 2.04%, Maruti Suzuki down by 1.50%, Reliance down by 1.46%, IndusInd Bank down by 1.06%, Bajaj Finserv down by 0.59%, SBI down by 0.42%, Tata Steel down by 0.32% and HDFC down by 0.28%. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,In Asia, markets in Hong Kong, Shanghai, Tokyo, and Seoul settled in the green. European indexes were trading lower during mid-session deals. The US stock markets had ended on a mixed note on Thursday. Brent crude, the international oil benchmark went higher by 0.18% to $94.29 per barrel. Also Read | Why interest rates are being hiked globally?,According to the stock exchange data, foreign institutional investors remained net buyers in the capital markets as they bought shares worth Rs 1,474.77 crore on Thursday.","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,Shaktikanta Das,the Monetary Policy Committee,Standing Deposit Facility,SDF,The Marginal Standing Facility,Bankex,Utilities,UltraTech Cement,ICICI Bank,Bharti Airtel,Closing bell, Closing bell today, stock market, share market, s","originalPublishedOn":"2022-08-05T17:22:43+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":"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":"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":"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":"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":"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":"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":"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":"CC6LHvwWEH8X","slug":"english/stock-market-midday-report-sensex-up-226-points-nifty-around-16180","slugV2":"business/stock-market-midday-report-sensex-up-226-points-nifty-around-16180-696578/","title":"Stock market midday report: Sensex up 226 points, Nifty around 16,180","postType":1,"coverMedia":"/opoyi_xBivcuDOPiP.jpg","coverCaption":"Sensex is up 226.30 points while Nifty is up 45.35 points on Friday. (Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-08T12:32:44+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex is presently up 226.30 points, or 0.4%, to 54,404.76\u003c/li\u003e\n \u003cli\u003eNifty is presently trading at 16,178.25, up 45.35 points or 0.28%\u003c/li\u003e\n \u003cli\u003eAll Asian markets were trading in green 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\\\":1657263763922,\\\"strCount\\\":3575,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the mid-day session, firm trading continued over Dalal Street, with both the Sensex and Nifty trading in the green, following encouraging indications from other \u003ca href=\\\\\\\"https://opoyi.com/topics/asian/\\\\\\\"\u003eAsian\u003c/a\u003e markets. Traders were upbeat after Reserve Bank of India (RBI) Governor Shaktikanta Das advised state governments to find effective solutions to debt and cash management challenges.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/gold-silver-and-other-metal-prices-on-friday-july-8-2022-696572/\\\\\\\"\u003eGold, silver and other metal prices on Friday, July 8, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"All Asian markets were trading in green with Hang Seng increasing 15.04 points or 0.07% to 21,658.62, Jakarta Composite soared 54.57 points or 0.82% to 6,707.16, Straits Times advanced 4.59 points or 0.15% to 3,133.99, Shanghai Composite gained 5.88 points or 0.17% to 3,370.28, KOSPI rose 26.97 points or 1.16% to 2,361.24, Taiwan Weighted strengthened 124.95 points or 0.87% to 14,461.22 and Nikkei 225 surged 199.86 points or 0.75% to 26,690.39.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/mahindra-and-mahindra-share-surges-5-as-uks-bii-announces-investment-in-new-ev-arm-696522/\\\\\\\"\u003eM\u0026amp;M share surges over 5% as UK's BII announces investment in new EV arm\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sensex is presently up 226.30 points, or 0.4%, to 54,404.76, after fluctuating between 54,350.41 and 54,627.14. On the index, there were 18 stocks that advanced and 12 stocks that declined.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/trending-stocks-tata-motors-vedanta-pfc-and-others-in-news-today-696409/\\\\\\\"\u003eTrending Stocks: Tata Motors, Vedanta, PFC and others in news today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices were trading mixed with the BSE Mid cap index being down by 0.19%, while the Small cap index was up by 0.27%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.12%, Industrials up by 1.01%, Bankex up by 0.50%, Power up by 0.37% and PSU up by 0.31%, while Realty down by 0.65%, Oil \u0026amp; Gas down by 0.30%, Auto down by 0.17%, Consumer Durables down by 0.13% and Metal down by 0.13% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/stocks-that-should-be-on-your-watchlist-on-friday-july-8-2022-696415/\\\\\\\"\u003eStocks that should be on your watchlist on Friday, July 8, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The top gainers on the Sensex were Larsen \u0026amp; Toubro up by 4.50%, NTPC up by 2.21%, Axis Bank up by 1.37%, ICICI Bank up by 1.13% and Mahindra \u0026amp; Mahindra up by 1.03%. On the flip side, Maruti Suzuki down by 1.35%, Indusind Bank down by 1.23%, Tata Steel down by 1.19%, Asian Paints down by 1.11% and Bajaj Finserv down by 0.39% were the top losers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-stock-market-djia-sp500-nasdaq-and-russell-ended-over-1-up-on-thursday-696433/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500, Nasdaq and Russell ended over 1% up on Thursday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty is presently trading at 16,178.25, up 45.35 points or 0.28% after moving in a range of 16,177.40 and 16,275.50. On the index, 29 equities advanced and 21 stocks declined.\\\"}},{\\\"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 top gainers on Nifty were Larsen \u0026amp; Toubro up by 4.47%, NTPC up by 2.21%, Coal India up by 1.94%, Axis Bank up by 1.41% and Grasim Industries up by 1.23%. On the flip side, HDFC Life Insurance down by 1.60%, Maruti Suzuki down by 1.46%, ONGC down by 1.30%, Tata Steel down by 1.18% and Indusind Bank down by 1.16% were the top losers.\\\"}}]}","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":"MidDayReport","slug":"middayreport","id":"ewxf68ujqEy0","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"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":"Asian","slug":"asian","id":"nmNTdCK1480o","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"MarutiSuzuki","slug":"marutisuzuki","id":"j4RF2tcJ4KCJ","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"TataSteel","slug":"tatasteel","id":"fwaz5zdvBeK4","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ICICIBank","slug":"icicibank","id":"1yMaWjG140NK","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":"2022-07-08T12:32:43+05:30","publisher":0,"sourceFeed":null,"cleanText":"In the mid-day session, firm trading continued over Dalal Street, with both the Sensex and Nifty trading in the green, following encouraging indications from other Asian markets. Traders were upbeat after Reserve Bank of India (RBI) Governor Shaktikanta Das advised state governments to find effective solutions to debt and cash management challenges. Also Read| Gold, silver and other metal prices on Friday, July 8, 2022,All Asian markets were trading in green with Hang Seng increasing 15.04 points or 0.07% to 21,658.62, Jakarta Composite soared 54.57 points or 0.82% to 6,707.16, Straits Times advanced 4.59 points or 0.15% to 3,133.99, Shanghai Composite gained 5.88 points or 0.17% to 3,370.28, KOSPI rose 26.97 points or 1.16% to 2,361.24, Taiwan Weighted strengthened 124.95 points or 0.87% to 14,461.22 and Nikkei 225 surged 199.86 points or 0.75% to 26,690.39. Also Read| M\u0026M share surges over 5% as UK's BII announces investment in new EV arm,The Sensex is presently up 226.30 points, or 0.4%, to 54,404.76, after fluctuating between 54,350.41 and 54,627.14. On the index, there were 18 stocks that advanced and 12 stocks that declined. Also Read| Trending Stocks: Tata Motors, Vedanta, PFC and others in news today,The broader indices were trading mixed with the BSE Mid cap index being down by 0.19%, while the Small cap index was up by 0.27%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.12%, Industrials up by 1.01%, Bankex up by 0.50%, Power up by 0.37% and PSU up by 0.31%, while Realty down by 0.65%, Oil \u0026 Gas down by 0.30%, Auto down by 0.17%, Consumer Durables down by 0.13% and Metal down by 0.13% were the top losing indices on BSE. Also Read| Stocks that should be on your watchlist on Friday, July 8, 2022,The top gainers on the Sensex were Larsen \u0026 Toubro up by 4.50%, NTPC up by 2.21%, Axis Bank up by 1.37%, ICICI Bank up by 1.13% and Mahindra \u0026 Mahindra up by 1.03%. On the flip side, Maruti Suzuki down by 1.35%, Indusind Bank down by 1.23%, Tata Steel down by 1.19%, Asian Paints down by 1.11% and Bajaj Finserv down by 0.39% were the top losers. Also Read| US Stock Market: DJIA, S\u0026P500, Nasdaq and Russell ended over 1% up on Thursday,The Nifty is presently trading at 16,178.25, up 45.35 points or 0.28% after moving in a range of 16,177.40 and 16,275.50. On the index, 29 equities advanced and 21 stocks declined. Also Read| Harshad Mehta's wife Jyoti brings Big Bull's side of story to light,The top gainers on Nifty were Larsen \u0026 Toubro up by 4.47%, NTPC up by 2.21%, Coal India up by 1.94%, Axis Bank up by 1.41% and Grasim Industries up by 1.23%. On the flip side, HDFC Life Insurance down by 1.60%, Maruti Suzuki down by 1.46%, ONGC down by 1.30%, Tata Steel down by 1.18% and Indusind Bank down by 1.16% were the top losers.","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":"Asian,Larsen,Axis Bank,Maruti Suzuki,Indusind Bank,Tata Steel,Dalal Street,Reserve Bank of India,Shaktikanta Das,Hang Seng,Jakarta Composite,Shanghai Composite,KOSPI,Taiwan Weighted,Bankex,Sensex today, nifty today, hangseng today, kospi today, nikkei tod","originalPublishedOn":"2022-07-08T12:32:43+05:30"}},{"node":{"id":"nHfw05ajmQqM","slug":"english/trade-setup-top-15-things-to-know-before-market-opens-on-june-9-2022","slugV2":"business/trade-setup-top-15-things-to-know-before-market-opens-on-june-9-2022-444202/","title":"Trade Setup: Top 15 things to know before market opens on June 9, 2022","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The broader indices ended in red with the BSE Mid cap index down by 0.15%, while the Small cap index was down by 0.33% (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-09T06:51:21+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex fell 215.85 points or 0.39% to 54,892.49 and Nifty was down by 60.10 points or 0.37% to 16,356.25\u003c/li\u003e\n \u003cli\u003eNifty or India VIX, fell 2.88% to 19.84 on Wednesday\u003c/li\u003e\n \u003cli\u003eThe trends on SGX Nifty indicate a flat 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\\\":1654737680515,\\\"strCount\\\":8988,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Extending their\\\\nlosing streak for the fourth straight day, Indian\u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003e equity benchmarks\u003c/a\u003e ended Wednesday’s trade in red terrain with frontline indexes ending below their\\\\ncrucial 54,900 (Sensex) and 16,400 (Nifty) levels. The Reserve Bank of India's\\\\n(RBI) Monetary Policy Committee has raised Repo Rate by 50 basis points (bps)\\\\nto 4.90% in its June bi-monthly meeting. Real GDP growth for FY 2022-23 is\\\\nretained at 7.2%.\\\"}},{\\\"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 Nifty50 has\\\\nformed a reasonable negative candle on the daily chart, suggesting more of\\\\nchoppy waters ahead with a negative bias, according to Nagaraj Shetti,\\\\nTechnical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The market\\\\nfailed to sustain momentum after a swift intraday recovery following RBI\\\\nannouncements... The positive pattern of higher tops and higher bottoms is\\\\nintact on the daily timeframe, and the current weakness could be a part of a\\\\nnew higher bottom formation,\\\\\\\" he said.\\\"}},{\\\"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\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex fell 215.85 points or 0.39% to 54,892.49 and Nifty\\\\nwas down by 60.10 points or 0.37% to 16,356.25 in the previous session. Sensex touched\\\\na high and low of 55,423.97 and 54,683.30, respectively. There were 13 stocks\\\\nadvancing against 17 stocks declining on the index. Nifty traded in a range of\\\\n16,293.35 and 16,514.30. There were 22 stocks advancing against 28 stocks\\\\ndeclining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference-477003/\\\\\\\"\u003eRBI MPC meet: Key points from Governor Shaktikanta Das' press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Mid cap\\\\nindex down by 0.15%, while the Small cap index was down by 0.33%. On the\\\\nsectoral front, Realty was up by 1.88%, Metal up by 0.52%, PSU up by 0.45%, IT\\\\nup by 0.20% and \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e up by 0.11%, while Telecom down by 1.62%, FMCG down\\\\nby 0.95%, Energy down by 0.87%, Oil \u0026amp; Gas down by 0.69% and Industrials\\\\ndown by 0.49% were the top losing indices on BSE.\\\"}},{\\\"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 volatility over the near term, fell 2.88% to 19.84 on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a flat opening for the\\\\nindex in India with a 3 points loss. The Nifty futures were trading at 16,301.00\u0026nbsp;on the Singaporean Exchange around 06:50 hours\\\\nIST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSupport and Resistance levels\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The key support\\\\nlevel for the Nifty is placed at 16,262, followed by 16,167. If the index moves\\\\nup, the key resistance levels to watch out for are 16,483 and 16,609, according to pivot\\\\ncharts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/adani-group-apollo-in-discussions-to-acquire-majority-stake-in-metropolis-107801/\\\\\\\"\u003eAdani Group, Apollo in discussions to acquire majority stake in Metropolis\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eUS Markets\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The S\u0026amp;P 500 fell 44.91 points, or 1.1%, to 4,115.77.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average fell 269.24 points, or 0.8%, to 32,910.90.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq fell 88.96 points, or 0.7%, to 12,086.27.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies fell 28.56 points, or 1.5%, to 1,891.01.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets ended mostly higher on Wednesday. The Shanghai Composite rose 0.68%, the Nikkei rose 1.04% and the Hang Seng rose 2.24%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/education/lawrence-bacow-harvard-university-president-to-step-down-next-year-197151/\\\\\\\"\u003eLawrence Bacow, Harvard University president, to step down next year\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets ended lower on Wednesday, Germany’s DAX was down by 0.76%, France's CAC 40\\\\nwas down by 0.80% and London's FTSE 100 was down by 0.07%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI MPC meet: Central bank hikes policy repo rate by 50 basis\\\\npoints to 4.90%\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor\\\\nShaktikanta Das on June 8 announced that the central bank has raised the repo\\\\nrate, at which banks borrow from the central bank, by 50 bps to 4.90%. The\\\\nmonetary policy committee's decision was unanimous and it has decided to keep\\\\nthe stance \\\\\\\"withdrawal from accommodative\\\\\\\". \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consequently, the\\\\nstanding deposit facility (SDF) rate is adjusted to 4.65% and the marginal\\\\nstanding facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in\\\\naccordance with the objective of achieving the medium-term target for consumer\\\\nprice index (CPI) inflation of 4% with a margin of 2% on either side, while\\\\nsupporting growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/what-role-could-liz-cheney-play-at-the-jan-6-hearing-616130/\\\\\\\"\u003eWhat role could Liz Cheney play at the Jan 6 hearing\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBPCL winds up data room after government puts off\\\\nprivatisation\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"State-owned Bharat Petroleum Corporation Limited (BPCL)\\\\nhas discontinued all activities related to the disinvestment of the company\\\\nafter the government dropped plans to privatise the company for now. In a stock\\\\nexchange filing, the company said the government has through a letter dated\\\\nJune 3, 2022, called off the present tender to sell its entire 53% stake in the\\\\ncompany. \\\\\\\"Accordingly, all the activities in connection with the disinvestment\\\\nincluding the data room are being discontinued,\\\\\\\" the firm said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/shabaash-mithu-10-records-held-by-india-legend-mithali-raj-256855/\\\\\\\"\u003eShabaash Mithu: 10 records held by India legend Mithali Raj\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eTata Power Solar commissions 450 MW power plant in\\\\nRajasthan\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tata Power Solar Systems Limited has commissioned a\\\\n450-megawatt solar plant for Brookfield Renewable India in Rajasthan. The\\\\ninstallation entails a setup of over 800,000 modules and was completed within a\\\\nrecord seven months timeframe. The project would produce over 800-gigawatt\\\\nhours (GWh) of clean energy annually and help avoid up to 600,000 tons of\\\\nannual carbon dioxide emissions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/al-qaeda-threatens-suicide-bomb-attacks-over-sacked-bjp-leaders-remarks-on-prophet-187918/\\\\\\\"\u003eAl-Qaeda threatens suicide bomb attacks over sacked BJP leaders' remarks on Prophet\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWipro wins Petrobras deal with ServiceNow\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wipro along with ServiceNow announced that they will help\\\\nPetrobras, the largest publicly traded company in \u003ca href=\\\\\\\"https://opoyi.com/topics/brazil/\\\\\\\"\u003eBrazil\u003c/a\u003e, to advance its\\\\ndigital journey. The project aims to raise the level of service for internal\\\\nusers and reduce costs by modernising and aligning IT infrastructure processes\\\\nwith the business through a modern cloud solution focused on automation and\\\\nintegration. The project scope is related to maintaining IT assets, systems\\\\nupdates, and digitizing processes. Petrobras is one of the largest oil, natural\\\\ngas and derivatives exploration, production and distribution companies in the\\\\nworld.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/explained-how-alabama-law-criminalised-gender-affirming-medicines-for-trans-youth-660999/\\\\\\\"\u003eExplained: How Alabama law criminalised gender-affirming medicines for trans youth\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bulkdeal/\\\\\\\"\u003eBulk Deal data\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"VISESH GUPTA sold\\\\n51,99,172 shares in Integra Essentia Limited at Rs 0.10 per share on the\\\\n\u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"GAURAV JAIN sold 3,16,946 shares in Debock Industries Limited at Rs 50.76 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IDBI TRUSTEESHIP\\\\nSERVICES LTD sold 186,22,100 shares in Future Retail Limited at Rs 7.35 per share as per NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ONKAR NATH AGRAWAL\\\\nsold 1,50,000 shares in Salasar\\\\nTechno Engg Limited at Rs 247.00 per share as per\\\\nNSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"NIRAJ RAJNIKANT\\\\nSHAH bought 50,00,000 shares in Supreme Engineering Limited at Rs 3.00 per share as per NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/how-world-banks-additional-15-billion-aid-help-ukraine-amid-russian-invasion-300090/\\\\\\\"\u003eHow World Bank's additional $1.5 billion aid help Ukraine amid Russian invasion\u003c/a\u003e\\\"}},{\\\"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 investors (FIIs) sold shares worth a net Rs 2,484.25 crore, while domestic institutional investors\\\\n(DIIs) bought shares worth a\\\\nnet Rs 1,904.33 crore in the Indian equity market on June 8, as per provisional\\\\ndata available on the NSE.\\\"}},{\\\"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\\\":\\\"Delta Corp has been put stock under the F\u0026amp;O ban for June 9. Securities in the ban\\\\nperiod under the F\u0026amp;O segment include companies in which the security has\\\\ncrossed 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":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Wipro","slug":"wipro","id":"uj34AtgTUAXe","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Rajasthan","slug":"rajasthan","id":"lhJQ0FYJwNh5","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"BulkDeal","slug":"bulkdeal","id":"hhAiScHAHTyh","isSection":0},{"name":"NASDAQ","slug":"nasdaq","id":"kXDItAdh3a8f","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-06-09T06:51:20+05:30","publisher":0,"sourceFeed":null,"cleanText":"Extending their losing streak for the fourth straight day, Indian equity benchmarks ended Wednesday’s trade in red terrain with frontline indexes ending below their crucial 54,900 (Sensex) and 16,400 (Nifty) levels. The Reserve Bank of India's (RBI) Monetary Policy Committee has raised Repo Rate by 50 basis points (bps) to 4.90% in its June bi-monthly meeting. Real GDP growth for FY 2022-23 is retained at 7.2%. Also Read | Explained: Impact of RBI's repo rate hike on deposits, loans,The Nifty50 has formed a reasonable negative candle on the daily chart, suggesting more of choppy waters ahead with a negative bias, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The market failed to sustain momentum after a swift intraday recovery following RBI announcements... The positive pattern of higher tops and higher bottoms is intact on the daily timeframe, and the current weakness could be a part of a new higher bottom formation, he said. Also Read | How inflation affects RBI’s interest rate policy,Indian Indices,Sensex fell 215.85 points or 0.39% to 54,892.49 and Nifty was down by 60.10 points or 0.37% to 16,356.25 in the previous session. Sensex touched a high and low of 55,423.97 and 54,683.30, respectively. There were 13 stocks advancing against 17 stocks declining on the index. Nifty traded in a range of 16,293.35 and 16,514.30. There were 22 stocks advancing against 28 stocks declining on the index. Also Read | RBI MPC meet: Key points from Governor Shaktikanta Das' press conference,Broader Indices,The broader indices ended in red with the BSE Mid cap index down by 0.15%, while the Small cap index was down by 0.33%. On the sectoral front, Realty was up by 1.88%, Metal up by 0.52%, PSU up by 0.45%, IT up by 0.20% and Healthcare up by 0.11%, while Telecom down by 1.62%, FMCG down by 0.95%, Energy down by 0.87%, Oil \u0026 Gas down by 0.69% and Industrials down by 0.49% were the top losing indices on BSE. India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.88% to 19.84 on Wednesday. Also Read | Why interest rates are being hiked globally?,SGX Nifty,The trends on SGX Nifty indicate a flat opening for the index in India with a 3 points loss. The Nifty futures were trading at 16,301.00 on the Singaporean Exchange around 06:50 hours IST. Support and Resistance levels,The key support level for the Nifty is placed at 16,262, followed by 16,167. If the index moves up, the key resistance levels to watch out for are 16,483 and 16,609, according to pivot charts. Also Read | Adani Group, Apollo in discussions to acquire majority stake in Metropolis,US Markets,The S\u0026P 500 fell 44.91 points, or 1.1%, to 4,115.77. The Dow Jones Industrial Average fell 269.24 points, or 0.8%, to 32,910.90. The Nasdaq fell 88.96 points, or 0.7%, to 12,086.27. The Russell 2000 index of smaller companies fell 28.56 points, or 1.5%, to 1,891.01. Asian Markets,Asian markets ended mostly higher on Wednesday. The Shanghai Composite rose 0.68%, the Nikkei rose 1.04% and the Hang Seng rose 2.24%. Also Read | Lawrence Bacow, Harvard University president, to step down next year,European Markets,European markets ended lower on Wednesday, Germany’s DAX was down by 0.76%, France's CAC 40 was down by 0.80% and London's FTSE 100 was down by 0.07%. Major News Headlines,RBI MPC meet: Central bank hikes policy repo rate by 50 basis points to 4.90%,RBI Governor Shaktikanta Das on June 8 announced that the central bank has raised the repo rate, at which banks borrow from the central bank, by 50 bps to 4.90%. The monetary policy committee's decision was unanimous and it has decided to keep the stance withdrawal from accommodative. ,Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in accordance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% with a margin of 2% on either side, while supporting growth. Also Read | What role could Liz Cheney play at the Jan 6 hearing,BPCL winds up data room after government puts off privatisation,State-owned Bharat Petroleum Corporation Limited (BPCL) has discontinued all activities related to the disinvestment of the company after the government dropped plans to privatise the company for now. In a stock exchange filing, the company said the government has through a letter dated June 3, 2022, called off the present tender to sell its entire 53% stake in the company. Accordingly, all the activities in connection with the disinvestment including the data room are being discontinued, the firm said. Also Read | Shabaash Mithu: 10 records held by India legend Mithali Raj,Tata Power Solar commissions 450 MW power plant in Rajasthan,Tata Power Solar Systems Limited has commissioned a 450-megawatt solar plant for Brookfield Renewable India in Rajasthan. The installation entails a setup of over 800,000 modules and was completed within a record seven months timeframe. The project would produce over 800-gigawatt hours (GWh) of clean energy annually and help avoid up to 600,000 tons of annual carbon dioxide emissions. Also Read | Al-Qaeda threatens suicide bomb attacks over sacked BJP leaders' remarks on Prophet,Wipro wins Petrobras deal with ServiceNow,Wipro along with ServiceNow announced that they will help Petrobras, the largest publicly traded company in Brazil, to advance its digital journey. The project aims to raise the level of service for internal users and reduce costs by modernising and aligning IT infrastructure processes with the business through a modern cloud solution focused on automation and integration. The project scope is related to maintaining IT assets, systems updates, and digitizing processes. Petrobras is one of the largest oil, natural gas and derivatives exploration, production and distribution companies in the world. Also Read | Explained: How Alabama law criminalised gender-affirming medicines for trans youth,Bulk Deal data,VISESH GUPTA sold 51,99,172 shares in Integra Essentia Limited at Rs 0.10 per share on the NSE. GAURAV JAIN sold 3,16,946 shares in Debock Industries Limited at Rs 50.76 per share on the NSE. IDBI TRUSTEESHIP SERVICES LTD sold 186,22,100 shares in Future Retail Limited at Rs 7.35 per share as per NSE. ONKAR NATH AGRAWAL sold 1,50,000 shares in Salasar Techno Engg Limited at Rs 247.00 per share as per NSE. NIRAJ RAJNIKANT SHAH bought 50,00,000 shares in Supreme Engineering Limited at Rs 3.00 per share as per NSE. Also Read | How World Bank's additional $1.5 billion aid help Ukraine amid Russian invasion,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 2,484.25 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,904.33 crore in the Indian equity market on June 8, as per provisional data available on the NSE. NSE F\u0026O Ban,Delta Corp has been put stock under the F\u0026O ban for June 9. 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,India,VIX,Petrobras,The Reserve Bank of India,Monetary Policy Committee,Repo Rate,Nifty50,HDFC Securities,Healthcare,the Singaporean Exchange,Trade setup, Wipro petrobras, Stock market, share market, sensex, Nifty, NSE, BSE,Tata power solar, RBI, RBI ","originalPublishedOn":"2022-06-09T06:51:20+05:30"}},{"node":{"id":"FQt0o9S9pKtO","slug":"english/bajaj-twins-deepak-nitrate-sbi-and-other-stocks-that-moved-most-on-june-8","slugV2":"business/bajaj-twins-deepak-nitrate-sbi-and-other-stocks-that-moved-most-on-june-300635/","title":"Bajaj Twins, Deepak Nitrate, SBI and other stocks that moved most on June 8","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"Nifty fell 60.10 points or 0.37% to close at 16,356.25 (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T18:45:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBajaj Finance ended 1.04% to close Rs 5,940.00\u003c/li\u003e\n \u003cli\u003eDeepak Nitrate fell 4.65% to close at Rs 1,802.05\u003c/li\u003e\n \u003cli\u003eGujarat Gas ended 7.28% down at Rs 487.80\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\\\":1654694127648,\\\"strCount\\\":3762,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eBSE\u003c/a\u003e benchmark declined 214.85 points or 0.29% to settle at 54,892.49.\u0026nbsp;The broader NSE Nifty fell 60.10 points or 0.37% to close at 16,356.25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Mid cap index down by 0.15%, while the Small cap index was down by 0.33%. On the sectoral front, Realty was up by 1.88%, Metal up by 0.52%, PSU up by 0.45%, IT up by 0.20% and \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e up by 0.11%, while Telecom down by 1.62%, FMCG down by 0.95%, Energy down by 0.87%, Oil \u0026amp; Gas down by 0.69% and Industrials down by 0.49% were the top losing indices on BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/closing-bell-sensex-falls-215-points-nifty-closes-at-16356-636664/\\\\\\\"\u003eClosing Bell: Sensex falls 215 points, Nifty closes at 16,356\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised the key interest rate by 50 basis points to 4.90%. “With inflation persistently hovering above the upper tolerance limit of 6%, the RBI's six-member rate-setting panel voted unanimously to raise the lending rate of the repurchase (repo) rate by 50 basis points to 4.90%,” Governor \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/gold-silver-and-other-metal-prices-on-wednesday-june-8-2022-254305/\\\\\\\"\u003eGold, silver and other metal prices on Wednesday, June 8, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are the key stocks that moved the most on June 8:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBajaj twins:\u003c/b\u003e Bajaj Finance ended 1.04% to close Rs 5,940.00 and Bajaj Finserv surged 0.65% to close at Rs 12,418.35. The stocks reacted positively to RBI’s policy announcements and its decision to allow the linkage of credit cards with \u003ca href=\\\\\\\"https://opoyi.com/topics/upi/\\\\\\\"\u003eUPI\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/\\\\\\\"\u003eRBI MPC meet: Central bank raises inflation projections above 6%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDeepak Nitrate:\u003c/b\u003e The stock fell 4.65% to close at Rs 1,802.05 after some reports suggested that the Gujarat government issued a closure notice to Deepak Nitrite's Nandesari unit over the recent fire incident.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eGujarat Gas:\u003c/b\u003e The stock ended 7.28% down at Rs 487.80 the global investment bank, UBS recommended a ‘Sell’ rating for the stock and lowered its price target from Rs 550 per share to Rs 400 per share. UBS said that the Propane business poses headwinds to both the volumes and margin of the company.\\\"}},{\\\"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\\\":\\\"\u003cb\u003eState Bank of India:\u003c/b\u003e The stock surged 1.64% to close at Rs 471.00 after Nomura maintained a ‘buy’ call on the stock with a target of Rs 615 per share. The bank management does not expect major asset quality issues due to rising interest rates and expects the secured books' asset quality to be as good as the secured loan book. According to SBI, the current unsecured loan book is only 30% of its true potential.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003ePNB Housing Finance:\u003c/b\u003e The stock gained 3.83% to close at Rs 342.70 after the Bank’s board approved infusing Rs 500 crore in PNB Housing’s right issue.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","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":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"SBI","slug":"sbi","id":"oR8rR2OsbTVW","isSection":0},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-06-08T18:45:28+05:30","publisher":0,"sourceFeed":null,"cleanText":"The BSE benchmark declined 214.85 points or 0.29% to settle at 54,892.49. The broader NSE Nifty fell 60.10 points or 0.37% to close at 16,356.25. The broader indices ended in red with the BSE Mid cap index down by 0.15%, while the Small cap index was down by 0.33%. On the sectoral front, Realty was up by 1.88%, Metal up by 0.52%, PSU up by 0.45%, IT up by 0.20% and Healthcare up by 0.11%, while Telecom down by 1.62%, FMCG down by 0.95%, Energy down by 0.87%, Oil \u0026 Gas down by 0.69% and Industrials down by 0.49% were the top losing indices on BSE. Also Read | Closing Bell: Sensex falls 215 points, Nifty closes at 16,356,The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) raised the key interest rate by 50 basis points to 4.90%. “With inflation persistently hovering above the upper tolerance limit of 6%, the RBI's six-member rate-setting panel voted unanimously to raise the lending rate of the repurchase (repo) rate by 50 basis points to 4.90%,” Governor Shaktikanta Das said. Also Read | Gold, silver and other metal prices on Wednesday, June 8, 2022,Here are the key stocks that moved the most on June 8:,Bajaj twins: Bajaj Finance ended 1.04% to close Rs 5,940.00 and Bajaj Finserv surged 0.65% to close at Rs 12,418.35. The stocks reacted positively to RBI’s policy announcements and its decision to allow the linkage of credit cards with UPI. Also Read | RBI MPC meet: Central bank raises inflation projections above 6%,Deepak Nitrate: The stock fell 4.65% to close at Rs 1,802.05 after some reports suggested that the Gujarat government issued a closure notice to Deepak Nitrite's Nandesari unit over the recent fire incident. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,Gujarat Gas: The stock ended 7.28% down at Rs 487.80 the global investment bank, UBS recommended a ‘Sell’ rating for the stock and lowered its price target from Rs 550 per share to Rs 400 per share. UBS said that the Propane business poses headwinds to both the volumes and margin of the company. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,State Bank of India: The stock surged 1.64% to close at Rs 471.00 after Nomura maintained a ‘buy’ call on the stock with a target of Rs 615 per share. The bank management does not expect major asset quality issues due to rising interest rates and expects the secured books' asset quality to be as good as the secured loan book. According to SBI, the current unsecured loan book is only 30% of its true potential. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,PNB Housing Finance: The stock gained 3.83% to close at Rs 342.70 after the Bank’s board approved infusing Rs 500 crore in PNB Housing’s right issue.","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,Healthcare,The Reserve Bank of India,Monetary Policy Committee,Shaktikanta Das,Bajaj Finance,Bajaj Finserv,UPI,Deepak Nitrite's,State Bank of India,PNB Housing Finance,PNB Housing,Stock market, Top movers, share market, Sensex, Nifty, NSE, BSE","originalPublishedOn":"2022-06-08T18:45:28+05:30"}},{"node":{"id":"Xqr7RatrhPjb","slug":"english/closing-bell-sensex-falls-215-points-nifty-closes-at-16356","slugV2":"business/closing-bell-sensex-falls-215-points-nifty-closes-at-16356-636664/","title":"Closing Bell: Sensex falls 215 points, Nifty closes at 16,356","postType":1,"coverMedia":"/opoyi_B5BNpmKjI.jpg","coverCaption":"Brent crude jumped 0.93% to USD 121.69 per barrel (Photo Credits: Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T16:57:48+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex declined 214.85 points or 0.29% to settle at 54,892.49\u003c/li\u003e\n \u003cli\u003eNifty fell 60.10 points or 0.37% to close at 16,356.25\u003c/li\u003e\n \u003cli\u003eThe rupee gained 3 paise to settle at 77.75 against the US dollar\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\\\":1654687666548,\\\"strCount\\\":4742,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian \u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eequity benchmarks\u003c/a\u003e extended their decline for the\\\\nfourth consecutive session on Wednesday, with the Sensex falling over 200\\\\npoints after the \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e raised the key interest rate by 50 basis\\\\npoints to 4.90%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Continuous foreign fund outflows and rising crude oil\\\\nprices also impacted the market sentiments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BSE Sensex declined 214.85 points or 0.29% to\\\\nsettle at 54,892.49. During the day, the benchmark traded in a range of\\\\n55,423.97 and a low of 54,683.30.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference-477003/\\\\\\\"\u003eRBI MPC meet: Key points from Governor Shaktikanta Das' press conference\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader NSE Nifty fell 60.10 points or 0.37% to close\\\\nat 16,356.25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Home, personal, vehicle and other loan EMIs will increase\\\\nafter the Reserve Bank of India (RBI) raised the key interest rates by 50 bps,\\\\nthe second increase in five weeks, to rein in rise in prices that it saw\\\\ncontinuing to hurt consumers in short term.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With inflation persistently hovering above the upper\\\\ntolerance limit of 6%, the RBI's six-member rate-setting panel voted\\\\nunanimously to raise the lending rate of the repurchase (repo) rate by 50 basis\\\\npoints to 4.90%, Governor Shaktikanta Das said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/gold-silver-and-other-metal-prices-on-wednesday-june-8-2022-254305/\\\\\\\"\u003eGold, silver and other metal prices on Wednesday, June 8, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major laggards from the Sensex pack were Bharti Airtel\\\\ndown by 3.31%, ITC down by 2.03%, \u003ca href=\\\\\\\"https://opoyi.com/topics/reliance/\\\\\\\"\u003eReliance\u003c/a\u003e down by 1.74%, Asian Paints down by\\\\n1.44%, Axis Bank down by 1.03%, IndusInd Bank down by 1.02%, ICICI Bank down by\\\\n0.78% and Kotak Mahindra Bank down by 0.65%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among the gainers were Tata Steel up by 1.70%, SBI up by\\\\n1.66%, Dr Reddy’s Labs up by 1.52%, Bajaj Finance up by 1.25%, TCS up by 1.22%\\\\nand \u003ca href=\\\\\\\"https://opoyi.com/topics/titan/\\\\\\\"\u003eTitan\u003c/a\u003e up by 1.16%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rupee gained 3 paise to settle at 77.75 against the US dollar.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/\\\\\\\"\u003eRBI MPC meet: Central bank raises inflation projections above 6%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"RBI's projections of GDP growth rate of 7.2% and\\\\ninflation of 6.7% for FY23 reflect a realistic monetary policy. The higher\\\\ninflation projection indicates that the central bank recognises the seriousness\\\\nof inflation and the 50 bps repo rate hike is a message that they are\\\\ndetermined to anchor inflation expectations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The Governor's remark that the economy remains\\\\nresilient and recovery has gathered momentum, is bullish from the market\\\\nperspective,\\\\\\\" said VK Vijayakumar, Chief Investment Strategist at Geojit\\\\nFinancial Services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The hike follows a 40 bps rise in early May at an\\\\nunscheduled meeting that kicked off the central bank's tightening cycle.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"To balance the inflation-growth dynamics, \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e will remain\\\\nfocused on the withdrawal of accommodation as system liquidity continues to be\\\\nhigh. Withdrawal of accommodation will be done in a way that growth will\\\\ncontinue to get adequate support, said RBI Governor Shaktikanta Das.\\\"}},{\\\"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 Monetary Policy Committee (MPC) raised its inflation\\\\nforecast for the current fiscal (April 2022 to March 2023) to 6.7% from the\\\\nApril prediction of 5.7% but retained its economic growth projection at 7.2%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among Asian markets, \u003ca href=\\\\\\\"https://opoyi.com/topics/shanghai/\\\\\\\"\u003eShanghai\u003c/a\u003e, \u003ca href=\\\\\\\"https://opoyi.com/topics/tokyo/\\\\\\\"\u003eTokyo\u003c/a\u003e and Hong Kong\\\\nsettled higher, while \u003ca href=\\\\\\\"https://opoyi.com/topics/seoul/\\\\\\\"\u003eSeoul\u003c/a\u003e ended lower.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European stock markets were trading mostly lower during\\\\nafternoon trade.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"US stock markets had settled with gains on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Brent crude, the international oil benchmark jumped 0.93%\\\\nto USD 121.69 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to stock exchange data, foreign institutional\\\\ninvestors sold shares worth Rs 2,293.98 crore on Tuesday.\\\"}}]}","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":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","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":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"AxisBank","slug":"axisbank","id":"5LjaoI8mVpAk","isSection":0},{"name":"Reliance","slug":"reliance","id":"FTQXxryu1asz","isSection":0},{"name":"TataSteel","slug":"tatasteel","id":"fwaz5zdvBeK4","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Titan","slug":"titan","id":"SYu7cx64bZqO","isSection":0},{"name":"Bhartiairtel","slug":"bhartiairtel","id":"YOuNxy4DtOwC","isSection":0},{"name":"ICICIBank","slug":"icicibank","id":"1yMaWjG140NK","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":"2022-06-08T16:57:46+05:30","publisher":0,"sourceFeed":null,"cleanText":"Indian equity benchmarks extended their decline for the fourth consecutive session on Wednesday, with the Sensex falling over 200 points after the Reserve Bank of India raised the key interest rate by 50 basis points to 4.90%. Continuous foreign fund outflows and rising crude oil prices also impacted the market sentiments. The BSE Sensex declined 214.85 points or 0.29% to settle at 54,892.49. During the day, the benchmark traded in a range of 55,423.97 and a low of 54,683.30. Also Read | RBI MPC meet: Key points from Governor Shaktikanta Das' press conference,The broader NSE Nifty fell 60.10 points or 0.37% to close at 16,356.25. Home, personal, vehicle and other loan EMIs will increase after the Reserve Bank of India (RBI) raised the key interest rates by 50 bps, the second increase in five weeks, to rein in rise in prices that it saw continuing to hurt consumers in short term. With inflation persistently hovering above the upper tolerance limit of 6%, the RBI's six-member rate-setting panel voted unanimously to raise the lending rate of the repurchase (repo) rate by 50 basis points to 4.90%, Governor Shaktikanta Das said. Also Read | Gold, silver and other metal prices on Wednesday, June 8, 2022,Major laggards from the Sensex pack were Bharti Airtel down by 3.31%, ITC down by 2.03%, Reliance down by 1.74%, Asian Paints down by 1.44%, Axis Bank down by 1.03%, IndusInd Bank down by 1.02%, ICICI Bank down by 0.78% and Kotak Mahindra Bank down by 0.65%. Among the gainers were Tata Steel up by 1.70%, SBI up by 1.66%, Dr Reddy’s Labs up by 1.52%, Bajaj Finance up by 1.25%, TCS up by 1.22% and Titan up by 1.16%. The rupee gained 3 paise to settle at 77.75 against the US dollar. Also Read | RBI MPC meet: Central bank raises inflation projections above 6%,RBI's projections of GDP growth rate of 7.2% and inflation of 6.7% for FY23 reflect a realistic monetary policy. The higher inflation projection indicates that the central bank recognises the seriousness of inflation and the 50 bps repo rate hike is a message that they are determined to anchor inflation expectations. The Governor's remark that the economy remains resilient and recovery has gathered momentum, is bullish from the market perspective, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,The hike follows a 40 bps rise in early May at an unscheduled meeting that kicked off the central bank's tightening cycle. To balance the inflation-growth dynamics, RBI will remain focused on the withdrawal of accommodation as system liquidity continues to be high. Withdrawal of accommodation will be done in a way that growth will continue to get adequate support, said RBI Governor Shaktikanta Das. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,The Monetary Policy Committee (MPC) raised its inflation forecast for the current fiscal (April 2022 to March 2023) to 6.7% from the April prediction of 5.7% but retained its economic growth projection at 7.2%. Among Asian markets, Shanghai, Tokyo and Hong Kong settled higher, while Seoul ended lower. European stock markets were trading mostly lower during afternoon trade. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,US stock markets had settled with gains on Tuesday. Brent crude, the international oil benchmark jumped 0.93% to USD 121.69 per barrel. According to stock exchange data, foreign institutional investors sold shares worth Rs 2,293.98 crore on Tuesday.","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,Shaktikanta Das,Sensex,Bharti Airtel,Reliance,Axis Bank,IndusInd Bank,ICICI Bank,Kotak Mahindra Bank,Tata Steel,Bajaj Finance,Closing Bell, Sensex, Nifty, NSE, BSE, Stock market, Closing Bell India, Closing Bell today,RBI monetary policy","originalPublishedOn":"2022-06-08T16:57:46+05:30"}},{"node":{"id":"p9CM6QBUGQec","slug":"english/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference","slugV2":"business/rbi-mpc-meet-key-points-from-governor-shaktikanta-das-press-conference-477003/","title":"RBI MPC meet: Key points from Governor Shaktikanta Das' press conference","postType":1,"coverMedia":"/opoyi_vRbOJDD7T.jpg","coverCaption":"\"We remain committed towards bringing down inflation,\" said Governor Das (Photo credit: PTI)","reactionStats":"{\"sad_count\": 0, \"like_count\": 2.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2022-06-08T14:13:13+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI MPC unanimously hiked the repo rate by 50 basis points to 4.90%\u003c/li\u003e\n \u003cli\u003eGovernor Das said, \"We have revised our projection for inflation at 6.7% for this year\u003c/li\u003e\n \u003cli\u003eLinking credit cards to UPIs gives customers a greater choice\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\\\":1654677791230,\\\"strCount\\\":4328,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India’s Monetary Policy Committee, led by \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor Shaktikanta Das, unanimously hiked the \u003ca href=\\\\\\\"https://opoyi.com/world/explained-changes-in-repo-rates-and-their-impact-on-stock-market-340419/\\\\\\\"\u003erepo rate\u003c/a\u003e by 50 basis points to 4.90%. The latest policy rate hike follows the central bank’s announcement of a \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e40 basis point increase\u003c/a\u003e in the repo rate in off-cycle policy action in May. The monetary policy committee's decision was unanimous and it has decided to keep the stance of \\\\\\\"withdrawal from accommodative\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/\\\\\\\"\u003eRBI MPC meet: 10 highlights from Shaktikanta Das' speech\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. The decisions are following the objective of achieving the medium-term target for consumer price index (CPI) \u003ca href=\\\\\\\"https://opoyi.com/food/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april-357334/\\\\\\\"\u003einflation\u003c/a\u003e of 4% with a margin of 2% on either side while supporting growth.\\\"}},{\\\"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\\\":\\\"\u003cb\u003eHere are the top highlights of RBI Governor Shaktikanta Das’ press conference:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1. \\\\\\\"RBI cannot give any forward guidance in such a volatile situation,\\\\\\\"\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2. Talking about inflation, Das said, \\\\\\\"We have revised our projection for inflation at 6.7% for this year. Around 75% of the increase in inflation projections can be attributed to food inflation\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/\\\\\\\"\u003eRBI MPC meet: Central bank raises inflation projections above 6%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"3. \\\\\\\"We remain committed towards bringing down inflation. We believe our action will help in bringing down inflation and inflation expectations. Future rate actions will depend on evolving conditions. The target of 4% does remain\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4. Das said, \\\\\\\"We do not want to take any abrupt, rough action that will be detrimental for inflation and markets of to the credit. We are focussed on withdrawal of accommodation but still below the pre-pandemic level.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5. \\\\\\\"Liquidity withdrawal will be calibrated and measured in future, and we will ensure that adequate liquidity remains available to meet banks' requirements. If the liquidity runs into a very heavy deficit, a repo window is always available. That can be used by the system\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"6. On interest on bank deposits, Das said, “Going forward we do expect the rate hikes to get transmitted also to the liability side, namely in the deposit rates.”\\\"}},{\\\"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\\\":\\\"7. \\\\\\\"Indian economy continues to be resilient, is well placed to deal with challenges emanating from global issues.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"8. \\\\\\\"Normal capital inflows will help manage current account deficit; gap will remain at sustainable levels.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"9. On cryptocurrency, Das said, “there is constant engagement between the RBI and the government. We have given our views to the government. Let us wait for the consultation paper to come out.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"10. \\\\\\\"Linking credit cards to \u003ca href=\\\\\\\"https://opoyi.com/business/upi-transactions-cross-rs-10-lakh-crore-milestone-in-may-159043/\\\\\\\"\u003eUPIs\u003c/a\u003e gives customers a greater choice of the payments, though the pricing aspect needs to be worked out,\\\\\\\" said Deputy Governor Rabi T Shankar.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"11. On tokenisation, Deputy Governor Shankar said, “The progress (on tokenisation) has been satisfactory and about 16 crore tokens have already been issued.”\\\"}}]}","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":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY","isSection":0},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U","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":"2022-06-08T14:13:12+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India’s Monetary Policy Committee, led by RBI Governor Shaktikanta Das, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate hike follows the central bank’s announcement of a 40 basis point increase in the repo rate in off-cycle policy action in May. The monetary policy committee's decision was unanimous and it has decided to keep the stance of withdrawal from accommodative. Also Read | RBI MPC meet: 10 highlights from Shaktikanta Das' speech,Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. The decisions are following the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% with a margin of 2% on either side while supporting growth. Also Read | How inflation affects RBI’s interest rate policy,Here are the top highlights of RBI Governor Shaktikanta Das’ press conference:,1. RBI cannot give any forward guidance in such a volatile situation, ,2. Talking about inflation, Das said, We have revised our projection for inflation at 6.7% for this year. Around 75% of the increase in inflation projections can be attributed to food inflation. Also Read | RBI MPC meet: Central bank raises inflation projections above 6%,3. We remain committed towards bringing down inflation. We believe our action will help in bringing down inflation and inflation expectations. Future rate actions will depend on evolving conditions. The target of 4% does remain. 4. Das said, We do not want to take any abrupt, rough action that will be detrimental for inflation and markets of to the credit. We are focussed on withdrawal of accommodation but still below the pre-pandemic level. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,5. Liquidity withdrawal will be calibrated and measured in future, and we will ensure that adequate liquidity remains available to meet banks' requirements. If the liquidity runs into a very heavy deficit, a repo window is always available. That can be used by the system. 6. On interest on bank deposits, Das said, “Going forward we do expect the rate hikes to get transmitted also to the liability side, namely in the deposit rates.”,Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,7. Indian economy continues to be resilient, is well placed to deal with challenges emanating from global issues. 8. Normal capital inflows will help manage current account deficit; gap will remain at sustainable levels. 9. On cryptocurrency, Das said, “there is constant engagement between the RBI and the government. We have given our views to the government. Let us wait for the consultation paper to come out. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,10. Linking credit cards to UPIs gives customers a greater choice of the payments, though the pricing aspect needs to be worked out, said Deputy Governor Rabi T Shankar. 11. On tokenisation, Deputy Governor Shankar said, “The progress (on tokenisation) has been satisfactory and about 16 crore tokens have already been issued.”","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":"Das,Shaktikanta Das,The Reserve Bank of India,Monetary Policy Committee,RBI,SDF,the Bank Rate,Rabi T Shankar,RBI press conference, RBI press meet, RBI ,Repo rate,RBI inflation projection,RBI Governor,RBI MPC June","originalPublishedOn":"2022-06-08T14:13:12+05:30"}},{"node":{"id":"1UITGsxvTctc","slug":"english/rbi-mpc-meet-central-bank-raises-inflation-projections-above-6","slugV2":"india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/","title":"RBI MPC meet: Central bank raises inflation projections above 6%","postType":1,"coverMedia":"/opoyi_pJUtx7l6z.jpg","coverCaption":"The surge in headline inflation is seen across categories. (Photo credit : twitter.com/RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T12:53:18+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eInflation is projected at 6.7% for the current fiscal year\u003c/li\u003e\n \u003cli\u003eIn Q1 inflation is expected to be at 7.5% while 7.4% in Q2\u003c/li\u003e\n \u003cli\u003eIn Q3 inflation is seen at 6.2% before falling to 5.8% in Q4\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\\\":1654672998194,\\\"strCount\\\":2835,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003eInflation\u003c/a\u003e is projected at 6.7% for the current fiscal year. RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e said\u0026nbsp;that inflation is expected to be at 7.5% in Q1, 7.4% in Q2, 6.2% in Q3 and 5.8% in Q4. Three-fourths of the increase in inflation is attributed to the food group.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The surge in headline inflation is seen across categories. The global geopolitical situation remains fluid and commodity markets are on edge, rendering heightened uncertainties to domestic conditions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Upside risks to inflation remain due to commodity price hikes globally, elevated crude prices, and poultry feed and tomato prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. RBI will continue to be proactive and decisive in mitigating the fallout of the \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/rbi-central-board-discusses-impact-of-geopolitical-crises-on-indian-economy-314029/\\\\\\\"\u003egeopolitical crises\u003c/a\u003e on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\\\"}},{\\\"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 ongoing war is turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/rbi-monetary-policy-highlights-265807/\\\\\\\"\u003eRepo rate\u003c/a\u003e remains below its pre-pandemic level. Inflation is likely to remain above the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Information for April-May suggests \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/rbi-governor-exhorts-banks-to-continue-process-of-capital-argumentation-677496/\\\\\\\"\u003edomestic economic recovery\u003c/a\u003e is firm.\u0026nbsp;Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das 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":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","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":"2022-06-08T12:23:28+05:30","publisher":0,"sourceFeed":null,"cleanText":"Inflation is projected at 6.7% for the current fiscal year. RBI Governor Shaktikanta Das said that inflation is expected to be at 7.5% in Q1, 7.4% in Q2, 6.2% in Q3 and 5.8% in Q4. Three-fourths of the increase in inflation is attributed to the food group. The surge in headline inflation is seen across categories. The global geopolitical situation remains fluid and commodity markets are on edge, rendering heightened uncertainties to domestic conditions. Also read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,Upside risks to inflation remain due to commodity price hikes globally, elevated crude prices, and poultry feed and tomato prices. Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,'The ongoing war is turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain above the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,Information for April-May suggests domestic economic recovery is firm. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das 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":"Indian,Das,rbi inflation","originalPublishedOn":"2022-06-08T10:32:03+05:30"}},{"node":{"id":"epyTPnxqsLOs","slug":"english/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72","slugV2":"india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/","title":"RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"RBI Governor Das said that the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of this fiscal year. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T13:06:13+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGDP growth for Q1 is expected at 16.2%, for Q2 at 6.2%, Q3 at 4.1% and Q4 at 4%\u003c/li\u003e\n \u003cli\u003eRBI decided to hike the Policy Repo Rate by 50 basis points to 4.9%\u003c/li\u003e\n \u003cli\u003eRBI will remain focused on bringing down inflation within the target\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\\\":1654673773522,\\\"strCount\\\":3342,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Announcing the bi-monthly review of monetary policy, RBI governor Shaktikanta Das said the projection for GDP growth in 2022-2023 is retained at 7.2%. GDP growth in Q1 is expected at 16.2%, in Q2 at 6.2%, in Q3 at 4.1% and in Q4 at 4%, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Reserve Bank of India’s \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/indian-origin-academic-appointed-to-bank-of-englands-monetary-panel-640223/\\\\\\\"\u003eMonetary Policy Committee (MPC)\u003c/a\u003e decided to hike the policy \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo Rate\u003c/a\u003e by 50 basis points to 4.9% in its June meeting. RBI Governor Das said MPC members voted unanimously to hike rates and to continue the withdrawal of \u003ca href=\\\\\\\"https://opoyi.com/world/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative stance\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das-151341/\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rebound in contact-intensive activities in urban areas rebounded, Das said. Business sentiments have remained high, according to early estimates, however, the global supply chain crisis remains a risk, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He said the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of the fiscal year.\\\"}},{\\\"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\\\":\\\"RBI Governor Shaktikanta Das said RBI will remain focused on bringing down inflation within the target.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo rate\u003c/a\u003e\u0026nbsp;remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\u0026nbsp;\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\\\":\\\"\\\\\\\"Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das 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":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","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":"2022-06-08T12:01:41+05:30","publisher":0,"sourceFeed":null,"cleanText":"Announcing the bi-monthly review of monetary policy, RBI governor Shaktikanta Das said the projection for GDP growth in 2022-2023 is retained at 7.2%. GDP growth in Q1 is expected at 16.2%, in Q2 at 6.2%, in Q3 at 4.1% and in Q4 at 4%, he added. Reserve Bank of India’s Monetary Policy Committee (MPC) decided to hike the policy Repo Rate by 50 basis points to 4.9% in its June meeting. RBI Governor Das said MPC members voted unanimously to hike rates and to continue the withdrawal of accommodative stance. Also Read: Key announcements from RBI Governor Shaktikanta Das,The rebound in contact-intensive activities in urban areas rebounded, Das said. Business sentiments have remained high, according to early estimates, however, the global supply chain crisis remains a risk, he added. He said the MPC believes inflation is likely to remain above the 6% tolerance band for at least the first three quarters of the fiscal year. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,RBI Governor Shaktikanta Das said RBI will remain focused on bringing down inflation within the target. Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. ,Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. ,Also Read | Explained: Changes in repo rates and their impact on stock market,Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das 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":"Das,RBI,Shaktikanta Das,Reserve Bank of India,Monetary Policy Committee,the Policy Repo Rate,Indian","originalPublishedOn":"2022-06-08T10:41:44+05:30"}},{"node":{"id":"jTk4egaFkly8","slug":"english/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100","slugV2":"world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/","title":"RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%","postType":1,"coverMedia":"/opoyi_AAqPbpW-s.jpg","coverCaption":"The rate-setting panel of the Central Bank opted to raise the benchmark interest rate for the second month in a row in order to contain prices. (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T11:51:49+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eCap on individual home loans extended by cooperative banks has been increased by over 100%\u003c/li\u003e\n \u003cli\u003eThe limit has been raised to promote greater credit flow to the housing industry\u003c/li\u003e\n \u003cli\u003eThe yield on the benchmark 10-year bond fell by two basis points to 7.49%\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\\\":1654669308725,\\\"strCount\\\":2459,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shaktikanta Das, governor of the Reserve Bank of India (RBI), said that the cap on individual \u003ca href=\\\\\\\"https://opoyi.com/profile/finwayfsc/low-interest-home-loans-172827/\\\\\\\"\u003ehome loans\u003c/a\u003e extended by cooperative banks has been increased by over 100%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Das has proposed three initiatives for the cooperative banking industry, recognising the role of cooperative banks in achieving equitable growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Das, the limitations for individual home loans given by cooperative banks have been raised upwards by more than 100% to promote greater credit flow to the housing industry.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/birla-niyaara-clocks-record-sales-booking-of-rs-1000-cr-501529/\\\\\\\"\u003eBirla Niyaara Clocks Record Sales Booking of Rs 1000 Cr\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In keeping with the dispensation granted to scheduled commercial banks (SCBs) and UCBs, the RBI has recommended allowing rural cooperative banks to offer financing to 'commercial real estate – residential housing' (i.e. loans for residential housing projects) within the existing aggregate housing finance ceiling of 5% of their total assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rate-setting panel of the Central Bank opted to raise the benchmark interest rate for the second month in a row in order to contain prices that have been over its target band since the beginning of the year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-central-bank-proposes-linking-credit-cards-to-upi-payments-233600/\\\\\\\"\u003eCentral bank proposes linking credit cards to UPI payments\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Inflation has steeply increased much beyond the upper tolerance level,\\\\\\\" said Shaktikanta Das in an online briefing. “A large part of the \u003ca href=\\\\\\\"https://opoyi.com/wires/presstrustofindia/cong-slams-centre-over-price-rise-of-food-articles-fuel-221217/\\\\\\\"\u003erise in inflation\u003c/a\u003e is primarily attributed to a series of supply shocks which can be linked to the war,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In addition, the central bank boosted its inflation prediction for the fiscal year ending March to 6.7% from 5.7% earlier. The RBI's inflation target range is 2% to 6%. With inflation expected to remain over the tolerance threshold for three quarters, the RBI announced its determination to \\\\\\\"stay accommodative.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The yield on the benchmark 10-year bond fell by two basis points to 7.49%, while the rupee remained barely changed. Stocks fell slightly.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Read More on:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/emami-inox-leisure-and-other-stocks-that-moved-most-on-march-28-170936/\\\\\\\"\u003eEmami, Inox Leisure and other stocks that moved most on March 28\u003c/a\u003e\\\"}}]}","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":"Loans","slug":"loans","id":"zfEaEycqSE1k","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","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":"2022-06-08T11:51:47+05:30","publisher":0,"sourceFeed":null,"cleanText":"Shaktikanta Das, governor of the Reserve Bank of India (RBI), said that the cap on individual home loans extended by cooperative banks has been increased by over 100%. Das has proposed three initiatives for the cooperative banking industry, recognising the role of cooperative banks in achieving equitable growth. According to Das, the limitations for individual home loans given by cooperative banks have been raised upwards by more than 100% to promote greater credit flow to the housing industry. Also Read: Birla Niyaara Clocks Record Sales Booking of Rs 1000 Cr,In keeping with the dispensation granted to scheduled commercial banks (SCBs) and UCBs, the RBI has recommended allowing rural cooperative banks to offer financing to 'commercial real estate – residential housing' (i.e. loans for residential housing projects) within the existing aggregate housing finance ceiling of 5% of their total assets. The rate-setting panel of the Central Bank opted to raise the benchmark interest rate for the second month in a row in order to contain prices that have been over its target band since the beginning of the year. Also Read: Central bank proposes linking credit cards to UPI payments,“Inflation has steeply increased much beyond the upper tolerance level, said Shaktikanta Das in an online briefing. “A large part of the rise in inflation is primarily attributed to a series of supply shocks which can be linked to the war, he said. In addition, the central bank boosted its inflation prediction for the fiscal year ending March to 6.7% from 5.7% earlier. The RBI's inflation target range is 2% to 6%. With inflation expected to remain over the tolerance threshold for three quarters, the RBI announced its determination to stay accommodative. The yield on the benchmark 10-year bond fell by two basis points to 7.49%, while the rupee remained barely changed. Stocks fell slightly. Read More on: Emami, Inox Leisure and other stocks that moved most on March 28","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,Das,the Reserve Bank of India,the Central Bank","originalPublishedOn":"2022-06-08T11:26:38+05:30"}},{"node":{"id":"DdoLk06a9mIR","slug":"english/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech","slugV2":"business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/","title":"RBI MPC meet: 10 highlights from Shaktikanta Das' speech","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T12:43:52+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI unanimously hiked the repo rate by 50 basis points to 4.90%\u003c/li\u003e\n \u003cli\u003eIndia's foreign exchange reserves were $601.1 billion as of June 3\u003c/li\u003e\n \u003cli\u003eCredit cards may now be connected to UPI, beginning with RuPay credit cards\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\\\":1654672432599,\\\"strCount\\\":3025,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India's \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/\\\\\\\"\u003eMonetary Policy\u003c/a\u003e Committee, led by RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate rise follows the central bank's announcement of a 40 basis point increase in the \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003erepo rate\u003c/a\u003e in off-cycle policy action in May.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe following are the top ten highlights of RBI Governor Shaktikanta Das' speech:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1. The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. The rate on the Standing Deposit Facility is now 4.65%, while the rate on the Marginal Standing Facility is now 5.15%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2. The MPC agreed unanimously to keep the focus on the withdrawal of accommodation in order to keep \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003einflation\u003c/a\u003e within target in the future.\\\"}},{\\\"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\\\":\\\"3.\u0026nbsp;GDP growth is expected to remain at 7.2% in FY23. For April-June, GDP growth is expected to be 16.2%, 6.2% from July to September, 4.1% from October to December and 4.0% from January to March.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4. CPI inflation projection for FY23 increased to 6.7% from 5.7%, according to RBI Governor Shaktikanta Das. The RBI's inflation projection is based on a regular monsoon and a crude basket price of $105 per barrel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5. The RBI will provide enough liquidity in the banking system while normalising pandemic-related steps.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"6. The RBI is keeping a tight watch on the government securities market. The central bank will take the appropriate measures as needed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"7. India's foreign exchange reserves were $601.1 billion as of June 3, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"8. Individual house loan limits set by urban and rural cooperative banks are being revised more than 100% higher to reflect the surge in housing values over the previous decade.\\\"}},{\\\"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\\\":\\\"9. To simplify transactions such as subscriptions, the cap on recurring e-payments has been increased from Rs 5,000 to Rs 15,000.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"10. Credit cards may now be connected to \u003ca href=\\\\\\\"https://opoyi.com/topics/upi/\\\\\\\"\u003eUPI\u003c/a\u003e, beginning with RuPay credit cards.\\\"}}]}","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":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-06-08T11:08:42+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's Monetary Policy Committee, led by RBI Governor Shaktikanta Das, unanimously hiked the repo rate by 50 basis points to 4.90%. The latest policy rate rise follows the central bank's announcement of a 40 basis point increase in the repo rate in off-cycle policy action in May. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,The following are the top ten highlights of RBI Governor Shaktikanta Das' speech:,1. The rates on the Standing Deposit Facility and the Marginal Standing Facility have been hiked by 50 basis points. The rate on the Standing Deposit Facility is now 4.65%, while the rate on the Marginal Standing Facility is now 5.15%. 2. 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 | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,3. GDP growth is expected to remain at 7.2% in FY23. For April-June, GDP growth is expected to be 16.2%, 6.2% from July to September, 4.1% from October to December and 4.0% from January to March. 4. CPI inflation projection for FY23 increased to 6.7% from 5.7%, according to RBI Governor Shaktikanta Das. The RBI's inflation projection is based on a regular monsoon and a crude basket price of $105 per barrel. Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,5. The RBI will provide enough liquidity in the banking system while normalising pandemic-related steps. 6. The RBI is keeping a tight watch on the government securities market. The central bank will take the appropriate measures as needed. 7. India's foreign exchange reserves were $601.1 billion as of June 3, 2022. 8. Individual house loan limits set by urban and rural cooperative banks are being revised more than 100% higher to reflect the surge in housing values over the previous decade. Also Read | Explained: Changes in repo rates and their impact on stock market,9. To simplify transactions such as subscriptions, the cap on recurring e-payments has been increased from Rs 5,000 to Rs 15,000. 10. Credit cards may now be connected to UPI, beginning with RuPay credit cards.","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,Shaktikanta Das,the Standing Deposit Facility,the Marginal Standing Facility,The Reserve Bank of India,Monetary Policy Committee,Shaktikanta Das',India,UPI","originalPublishedOn":"2022-06-08T11:08:42+05:30"}},{"node":{"id":"c6A9Klj50p7D","slug":"english/rbi-mpc-meet-central-bank-proposes-linking-credit-cards-to-upi-payments","slugV2":"business/rbi-mpc-meet-central-bank-proposes-linking-credit-cards-to-upi-payments-233600/","title":"RBI MPC meet: Central bank proposes linking credit cards to UPI payments","postType":1,"coverMedia":"/opoyi_1ilrSptOqK77.jpg","coverCaption":"Unified Payments Interface (UPI) is a technology that integrates several bank accounts into a single phone app. (Photo credit: Representational/ Unsplash.com)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T13:10:04+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI recommended allowing credit cards to be linked to the UPI network\u003c/li\u003e\n \u003cli\u003eIt will give consumers extra ease and expand the scope of digital payments\u003c/li\u003e\n \u003cli\u003eUPI supports transactions by connecting users' debit cards to savings or current 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\\\":1654674004559,\\\"strCount\\\":3763,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e (RBI) has recommended allowing credit cards to be linked to the \u003ca href=\\\\\\\"https://opoyi.com/business/upi-transactions-cross-rs-10-lakh-crore-milestone-in-may-159043/\\\\\\\"\u003eUPI network\u003c/a\u003e, Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e stated on Wednesday as he announced a rate rise. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Rupay credit cards will be linked to the UPI platform, which will give consumers extra ease and expand the scope of digital payments, according to Das. Currently, UPI supports transactions by connecting users' debit cards to savings or current accounts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/\\\\\\\"\u003eRBI MPC meet: 10 highlights from Shaktikanta Das' speech\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"UPI has become the most inclusive mode of payment in India with over 26 crore unique users and five crore merchants on the platform.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The progress of UPI in recent years has been unparalleled. Many other countries are engaged with us in adopting similar methods in their countries,\\\\\\\" RBI Governor Das said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Das, about Rs 10.4 lakh crore was processed through UPI in May of this year alone. Unified Payments Interface (UPI) is a technology that integrates several bank accounts into a single phone app (of any participating bank), combining many banking services, smooth fund routing, and merchant payments under one umbrella. It also handles \\\\\\\"Peer to Peer\\\\\\\" collect requests, which may be planned and paid according to need and convenience.\\\"}},{\\\"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\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e\u0026nbsp;economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\u0026nbsp; \u0026nbsp;\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-real-gdp-growth-projections-for-fy-2022-2023-retained-at-72-281451/\\\\\\\"\u003eRBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo rate\u003c/a\u003e\u0026nbsp;remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\u0026nbsp; \u0026nbsp;\u0026nbsp;\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das 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":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"UPI","slug":"upi","id":"MB0nNdjuys5U","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-06-08T10:52:02+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) has recommended allowing credit cards to be linked to the UPI network, Governor Shaktikanta Das stated on Wednesday as he announced a rate rise. ,The Rupay credit cards will be linked to the UPI platform, which will give consumers extra ease and expand the scope of digital payments, according to Das. Currently, UPI supports transactions by connecting users' debit cards to savings or current accounts. Also Read | RBI MPC meet: 10 highlights from Shaktikanta Das' speech,UPI has become the most inclusive mode of payment in India with over 26 crore unique users and five crore merchants on the platform. The progress of UPI in recent years has been unparalleled. Many other countries are engaged with us in adopting similar methods in their countries, RBI Governor Das said. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,According to Das, about Rs 10.4 lakh crore was processed through UPI in May of this year alone. Unified Payments Interface (UPI) is a technology that integrates several bank accounts into a single phone app (of any participating bank), combining many banking services, smooth fund routing, and merchant payments under one umbrella. It also handles Peer to Peer collect requests, which may be planned and paid according to need and convenience. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. ,Also Read | RBI MPC meet: Real GDP growth projections for FY 2022-2023 retained at 7.2%,The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. ,Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das 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":"UPI,Das,The Reserve Bank of India,India,Peer to Peer","originalPublishedOn":"2022-06-08T10:52:02+05:30"}},{"node":{"id":"JZyMg3l6Mr8y","slug":"english/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490","slugV2":"india/rbi-mpc-meet-central-bank-hikes-policy-repo-rate-by-50-basis-points-to-490-381066/","title":"RBI MPC meet: Central bank hikes policy repo rate by 50 basis points to 4.90%","postType":1,"coverMedia":"/opoyi_mtL93NIfY.jpg","coverCaption":"Information for April-May suggests domestic economic recovery is firm. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T12:59:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI Monetary Policy Committee raised key rates by 50 bps to 4.90%\u003c/li\u003e\n \u003cli\u003eMPC vote was unanimous and has decided to keep stance withdrawal from accommodative\u003c/li\u003e\n \u003cli\u003eThe ongoing war turning out to be a dampener on global trade and growth said RBI Governor\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\\\":1654673369064,\\\"strCount\\\":2868,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-mpc-meet-10-highlights-from-shaktikanta-das-speech-255474/\\\\\\\"\u003eRBI\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e on June 8 announced that the central bank has raised the repo rate, at which banks borrow from the central bank, by 50 bps to 4.90%. The monetary policy committee's decision was unanimous and it has decided to keep the stance \\\\\\\"withdrawal from \u003ca href=\\\\\\\"https://opoyi.com/world/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative\u003c/a\u003e\\\\\\\".\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65%\u0026nbsp;and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in accordance with the objective of achieving the medium-term target for consumer price index (CPI) \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-mpc-meet-central-bank-raises-inflation-projections-above-117046/\\\\\\\"\u003einflation\u003c/a\u003e of 4%\u0026nbsp;with a margin of 2% on either side, while supporting growth.\\\"}},{\\\"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\\\":\\\"\\\\\\\"Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the \u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated,\\\\\\\" said Das.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-co-operative-banks-housing-loan-limits-hiked-by-100-377195/\\\\\\\"\u003eRBI MPC meet: Co-operative banks' housing loan limits hiked by 100%\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"'The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo rate\u003c/a\u003e remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations\\\\\\\", he added.\\\"}},{\\\"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\\\":\\\"\\\\\\\"Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March,\\\\\\\" Das 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":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","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":"2022-06-08T10:21:51+05:30","publisher":0,"sourceFeed":null,"cleanText":"RBI Governor Shaktikanta Das on June 8 announced that the central bank has raised the repo rate, at which banks borrow from the central bank, by 50 bps to 4.90%. The monetary policy committee's decision was unanimous and it has decided to keep the stance withdrawal from accommodative. ,Consequently, the standing deposit facility (SDF) rate is adjusted to 4.65% and the marginal standing facility (MSF) rate and the Bank Rate to 5.15%. These decisions are in accordance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% with a margin of 2% on either side, while supporting growth. Also Read | RBI MPC meet: Home loan EMIs to get costly as central bank hikes repo rate,Inflation has steeply increased much beyond the tolerance level. The process of recovery in emerging market economies is also getting affected. But the Indian economy has remained resilient. We have started a gradual withdrawal of the extraordinary accommodation. The RBI will continue to be proactive and decisive in mitigating the fallout of the geopolitical crises on our economy. Our steps will be measured and calibrated, said Das. Also Read | RBI MPC meet: Co-operative banks' housing loan limits hiked by 100%,'The ongoing war turning out to be a dampener on global trade and growth. Domestic economic activity is gaining traction while inflation pressures have intensified. Inflationary pressures have become broad-based and remain largely driven by supply shocks. The Repo rate remains below its pre-pandemic level. Inflation is likely to remain near the upper tolerance of 6% for the first three quarters of this year. Sustained high inflation could unhinge inflation expectations, he added. Also Read | Explained: Changes in repo rates and their impact on stock market,Information for April-May suggests domestic economic recovery is firm. Urban demand is recovering, rural demand is also improving. Surveys show capacity utilisation in the manufacturing sector increased to 74.5% in January-March, Das 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,Indian,Das","originalPublishedOn":"2022-06-08T10:21:51+05:30"}},{"node":{"id":"qcGKx2C0xuKO","slug":"english/rbi-mpc-meet-when-and-where-to-watch-shaktikanta-das-address-live","slugV2":"world/rbi-mpc-meet-when-and-where-to-watch-shaktikanta-das-address-live-497411/","title":"RBI MPC meet: When and where to watch Shaktikanta Das' address live","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. (Photo Credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T08:50:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI commenced its three-day meeting, which will conclude on Wednesday\u003c/li\u003e\n \u003cli\u003eRBI Governor Shaktikanta Das will reveal the central bank's decisions today\u003c/li\u003e\n \u003cli\u003eRBI is expected to raise repo rates again to combat 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\\\":1654657968189,\\\"strCount\\\":2479,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India\u003c/a\u003e's Monetary Policy Committee commenced its three-day meeting, which will conclude on Wednesday, June 8th. Today, RBI Governor Shaktikanta Das will reveal the central bank's decisions taken during the bi-monthly Monetary Policy Committee meeting.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rbi-mpc-meet-what-to-expect-from-the-central-bank-today-503084/\\\\\\\"\u003eRBI MPC meet: What to expect from the central bank today\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 08, 2022,\\\\\\\" the RBI tweeted on Twitter.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"others\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eWatch out for the Monetary Policy statement of the RBI Governor \u003ca href=\\\\\\\"https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw\\\\\\\"\u003e@DasShaktikanta\u003c/a\u003e at 10:00 am on June 08, 2022\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/8yrf3xazA5\\\\\\\"\u003ehttps://t.co/8yrf3xazA5\u003c/a\u003e\u003cbr\u003e\u003cbr\u003ePost policy press conference telecast at 12:00 noon on the same day\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/bG01WNycHy\\\\\\\"\u003ehttps://t.co/bG01WNycHy\u003c/a\u003e\u003ca href=\\\\\\\"https://twitter.com/hashtag/rbipolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbipolicy\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://t.co/USGCiFiEAP\\\\\\\"\u003epic.twitter.com/USGCiFiEAP\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1534015021956538370?ref_src=twsrc%5Etfw\\\\\\\"\u003eJune 7, 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\\\\\\\"\u003eWatch out for the Monetary Policy statement of the RBI Governor \u003ca href=\\\\\\\"https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw\\\\\\\"\u003e@DasShaktikanta\u003c/a\u003e at 10:00 am on June 08, 2022\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/8yrf3xazA5\\\\\\\"\u003ehttps://t.co/8yrf3xazA5\u003c/a\u003e\u003cbr\u003e\u003cbr\u003ePost policy press conference telecast at 12:00 noon on the same day\u003cbr\u003eYouTube: \u003ca href=\\\\\\\"https://t.co/bG01WNycHy\\\\\\\"\u003ehttps://t.co/bG01WNycHy\u003c/a\u003e\u003ca href=\\\\\\\"https://twitter.com/hashtag/rbipolicy?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#rbipolicy\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://t.co/USGCiFiEAP\\\\\\\"\u003epic.twitter.com/USGCiFiEAP\u003c/a\u003e\u003c/p\u003e\u0026mdash; ReserveBankOfIndia (@RBI) \u003ca href=\\\\\\\"https://twitter.com/RBI/status/1534015021956538370?ref_src=twsrc%5Etfw\\\\\\\"\u003eJune 7, 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 Reserve Bank of India is expected to raise repo rates again, after doing so in an off-cycle MPC meeting in May to combat inflation.\\\"}},{\\\"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 announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. His address will be aired live across many platforms.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome-414650/\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere's how you can watch the RBI's monetary policy decisions in real-time today:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The following link will take you to the LIVE speech of RBI Governor Shaktikanta Das on YouTube:\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"iframe\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"iframe-embed\\\\\\\"\u003e\u003ciframe width=\\\\\\\"560\\\\\\\" height=\\\\\\\"315\\\\\\\" src=\\\\\\\"https://www.youtube.com/embed/Wm9xeZMGD_M\\\\\\\" 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/Wm9xeZMGD_M\\\\\\\" 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 telecast 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/y5ImqfIHdO4\\\\\\\" 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/y5ImqfIHdO4\\\\\\\" 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 Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists.\\\"}},{\\\"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\\\":\\\"They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/economists-expect-more-aggressive-rate-hikes-from-rbi-after-hawkish-minutes-171884/\\\\\\\"\u003eEconomists expect more aggressive rate hikes from RBI after hawkish minutes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.\\\"}}]}","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":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","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":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","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":"2022-06-08T08:50:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India's Monetary Policy Committee commenced its three-day meeting, which will conclude on Wednesday, June 8th. Today, RBI Governor Shaktikanta Das will reveal the central bank's decisions taken during the bi-monthly Monetary Policy Committee meeting. ,Also Read| RBI MPC meet: What to expect from the central bank today,Watch out for the Monetary Policy statement of the RBI Governor @DasShaktikanta at 10:00 am on June 08, 2022, the RBI tweeted on Twitter. ,The Reserve Bank of India is expected to raise repo rates again, after doing so in an off-cycle MPC meeting in May to combat inflation. Also Read| RBI MPC meet: Here's an overview of the last 8 meetings,The announcements will be made by RBI Governor Shaktikanta Das on Wednesday, June 8, at 10 a.m. IST. His address will be aired live across many platforms. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,Here's how you can watch the RBI's monetary policy decisions in real-time today:,The following link will take you to the LIVE speech of RBI Governor Shaktikanta Das on YouTube:,Post policy press conference telecast at 12:00 noon on the same day,The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. Also Read| Explained: Impact of MPC meeting on stock market,They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today. Also Read| Economists expect more aggressive rate hikes from RBI after hawkish minutes,Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.","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,RBI,Shaktikanta Das,Monetary Policy Committee,Monetary Policy,Twitter,IST,YouTube","originalPublishedOn":"2022-06-08T08:50:00+05:30"}},{"node":{"id":"qLQzpLrksqqz","slug":"english/rbi-mpc-meet-what-to-expect-from-the-central-bank-today","slugV2":"world/rbi-mpc-meet-what-to-expect-from-the-central-bank-today-503084/","title":"RBI MPC meet: What to expect from the central bank today","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. (Photo Credit: Representational/ Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T08:40:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI began its three-day talks on Monday and the policy outcome will be released today\u003c/li\u003e\n \u003cli\u003eThe central bank is likely to hike key rates, concentrating more on inflation than on growth\u003c/li\u003e\n \u003cli\u003eEconomists predict a small increase in the cash reserve ratio (CRR) in monetary policy\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\\\":1654657760442,\\\"strCount\\\":4118,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eReserve Bank of India (RBI)\u003c/a\u003e is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today.\\\"}},{\\\"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\\\":\\\"Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome-414650/\\\\\\\"\u003eFresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“We expect CPI inflation (to) average around 7.2%-7.3% in H1 FY23\u0026nbsp; on account of elevated commodity prices, high food and core inflation,” said Swati Arora, Economist, HDFC Bank.\u0026nbsp;\\\"}},{\\\"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\\\":\\\"While analysts agree that managing inflation is a top priority right now, the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e is also wary about finding a balance between demand recovery and inflation management, according to economists.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“There will definitely be a rate repo hike. It could either be 40 bps or 50 bps,” added Sarbartho Mukherjee, Economist, Mahindra Group.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/recovery-getting-entrenched-and-broadening-despite-risks-rbi-annual-report-449787/\\\\\\\"\u003eRecovery getting entrenched and broadening despite risks: RBI annual report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the RBI's Inflationary Expectations Survey, 89.9% of respondents in March 2022 felt that prices will rise in the future, higher than the January 2022 forecast (85.6%).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economists, with the CPI and WPI both reaching record highs last month, the RBI is anticipated to raise its inflation target to a reasonable number, such as exceeding 6% for CPI, since the current Ukraine-Russia crisis has an influence on input costs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/theres-a-buffer-why-imfs-gita-gopinath-thinks-risk-of-a-recession-is-low-228497/\\\\\\\"\u003e'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists predict a small increase in the cash reserve ratio (CRR) in monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“A gradual increase of CRR by 25 bps in the next policy meet can’t be ruled out, depending on the situation, going forward. The liquidity adjustment facility (LAF) corridor has been normalised. So, we don’t expect much change in this context,” stated Sankhanath Bandyopadhyay, Economist, Infomerics Ratings.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/economists-expect-more-aggressive-rate-hikes-from-rbi-after-hawkish-minutes-171884/\\\\\\\"\u003eEconomists expect more aggressive rate hikes from RBI after hawkish minutes\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For the time being, economists believe that growth will not be a priority for monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Both RBI and the government are now prioritising inflation control and seem willing to sacrifice some growth, for example, in base metals and wheat exports, to achieve modest inflation,” said Prithviraj Srinivas, Chief Economist at Axis Capital.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003eWhy interest rates are being hiked globally?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. The RBI raised the repo rate by 40 basis points at a previously unscheduled meeting held from May 2 to May 4. The cash reserve ratio has also been raised by 50 basis points to 4.50%. The last time the RBI adjusted the repo rate before May 2022 was on March 27, 2020, during the first wave of the COVID-19 pandemic.\\\"}}]}","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":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-06-08T08:40:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) is likely to hike key rates, concentrating more on inflation than on growth, according to some economists. They stated that more restrictive steps will be implemented. The RBI's rate-setting panel began its three-day talks on Monday to finalise the next monetary policy statement, and the policy outcome will be released today. Also Read| RBI MPC meet: Here's an overview of the last 8 meetings,Many economists predicted that the key interest rate will be raised at the forthcoming policy meeting. While some expect a range of 35 to 50 basis points (bps), others foresee a range of 40 to 50 bps. Also Read| Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome,“We expect CPI inflation (to) average around 7.2%-7.3% in H1 FY23 on account of elevated commodity prices, high food and core inflation,” said Swati Arora, Economist, HDFC Bank. ,Also Read| Explained: Impact of MPC meeting on stock market,While analysts agree that managing inflation is a top priority right now, the RBI is also wary about finding a balance between demand recovery and inflation management, according to economists. “There will definitely be a rate repo hike. It could either be 40 bps or 50 bps,” added Sarbartho Mukherjee, Economist, Mahindra Group. Also Read| Recovery getting entrenched and broadening despite risks: RBI annual report,According to the RBI's Inflationary Expectations Survey, 89.9% of respondents in March 2022 felt that prices will rise in the future, higher than the January 2022 forecast (85.6%). According to economists, with the CPI and WPI both reaching record highs last month, the RBI is anticipated to raise its inflation target to a reasonable number, such as exceeding 6% for CPI, since the current Ukraine-Russia crisis has an influence on input costs. Also Read| 'There's a buffer': Why IMF's Gita Gopinath thinks risk of a recession is low,Economists predict a small increase in the cash reserve ratio (CRR) in monetary policy. “A gradual increase of CRR by 25 bps in the next policy meet can’t be ruled out, depending on the situation, going forward. The liquidity adjustment facility (LAF) corridor has been normalised. So, we don’t expect much change in this context,” stated Sankhanath Bandyopadhyay, Economist, Infomerics Ratings. Also Read| Economists expect more aggressive rate hikes from RBI after hawkish minutes,For the time being, economists believe that growth will not be a priority for monetary policy. “Both RBI and the government are now prioritising inflation control and seem willing to sacrifice some growth, for example, in base metals and wheat exports, to achieve modest inflation,” said Prithviraj Srinivas, Chief Economist at Axis Capital. ,Also Read| Why interest rates are being hiked globally?,The RBI's MPC meeting takes place amid a backdrop of rising inflation and a complicated geopolitical situation, including the Russia-Ukraine war. The RBI raised the repo rate by 40 basis points at a previously unscheduled meeting held from May 2 to May 4. The cash reserve ratio has also been raised by 50 basis points to 4.50%. The last time the RBI adjusted the repo rate before May 2022 was on March 27, 2020, during the first wave 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":null,"keywords":null,"originalPublishedOn":"2022-06-08T08:40:00+05:30"}},{"node":{"id":"LU6rs7jEdR6X","slug":"english/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome","slugV2":"business/fresh-repo-rate-hikes-on-cards-say-experts-ahead-of-rbis-mpc-meeting-outcome-414650/","title":"Fresh repo rate hikes on cards, say experts ahead of RBI's MPC meeting outcome","postType":1,"coverMedia":"/opoyi_FWhV8xnkq.jpg","coverCaption":"The retail inflation surged for a seventh consecutive month to touch an 8-year high of 7.79% in April (Photo Credit: Twitter/@RBI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-08T07:14:47+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe RBI is likely to go for at least a 35 basis points hike\u003c/li\u003e\n \u003cli\u003eGovernor Shaktikanta Das will announce the decision of the MPC meeting on Wednesday\u003c/li\u003e\n \u003cli\u003eGovernment has directed RBI to keep inflation at 4% with a margin of 2% on either side\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\\\":1654600837573,\\\"strCount\\\":5182,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"With \u003ca href=\\\\\\\"https://opoyi.com/business/liquidity-tightening-expected-with-rbi-rate-hike-on-june-631186/\\\\\\\"\u003einflation\u003c/a\u003e showing no signs of slowing down, the Reserve Bank of India (RBI) is expected to hike the benchmark lending rate in its upcoming \u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003emonetary policy\u003c/a\u003e review on Wednesday, a clue for which has already been given by Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, said experts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The central bank is likely to go for at least a 35 basis points (bps) hike following the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e40 basis points hike\u003c/a\u003e announced last month after an off-cycle Monetary Policy Committee (MPC) meeting. Experts anticipate more hikes in repo rate in the coming months, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/week-ahead-rbi-policy-global-indications-to-weigh-on-sensex-nifty-285140/\\\\\\\"\u003eWeek ahead: RBI policy, global indications to weigh on Sensex, Nifty\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Monetary Policy Committee's three-day meeting, headed by Governor Das has already started on Monday, June 6. RBI Governor Shaktikanta Das will announce the decision of the MPC after meeting, on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/food/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april-357334/\\\\\\\"\u003eretail inflation\u003c/a\u003e, which RBI considers while arriving at its monetary policy, surged for a seventh consecutive month to touch an 8-year high of 7.79% in April, mainly on account of rising fuel and commodity prices, due to the ongoing \u003ca href=\\\\\\\"https://opoyi.com/world/heres-how-much-the-war-in-ukraine-is-costing-russia-each-day-330026/\\\\\\\"\u003eRussia-Ukraine war\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/business/indias-wpi-inflation-rises-to-1508-highest-in-17-years-329038/\\\\\\\"\u003ewholesale price-based inflation\u003c/a\u003e has stayed in double digits for 13 months and hit a record high of 15.08% in April.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Recently in an interview, the governor said \\\\\\\"expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially-268402/\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On expectation from the MPC, Madan Sabnavis, Chief Economist, Bank of Baroda, said the credit policy to be announced will be crucial for the point of view of not just rate action but also the RBI’s thoughts on growth and inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The increase in repo rate can be taken as almost given but the quantum may not be more than 25-35 bps as the earlier minutes of the meeting held in May indicated that the MPC was not in favour of a large increase in repo rate at one shot,\\\\\\\" Sabnavis said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/cryptocurrency-scams-cost-americans-over-1-billion-in-2021-ftc-finds-235420/\\\\\\\"\u003eCryptocurrency scams cost Americans over $1 billion in 2021, FTC finds\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has taken several measures, including a duty cut on motor fuel, a reduction in import duty on certain edible oils, and a \u003ca href=\\\\\\\"https://opoyi.com/business/why-is-india-banning-wheat-export-582505/\\\\\\\"\u003ebanning of wheat export\u003c/a\u003e, in an attempt to control the inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a report, BofA Securities said it expects RBI MPC to increase the repo rate by 40 basis points in June and 35 basis points in August.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We see the RBI MPC revise up their inflation forecast, retain growth estimate and stance focusing on withdrawal of accommodation,\\\\\\\" it added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-burger-king-has-been-unable-to-leave-russia-after-the-ukraine-invasion-264924/\\\\\\\"\u003eWhy Burger King has been unable to leave Russia after the Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com and Makaan.com, said that he expects RBI to raise the repo rate once again to contain inflation which is largely being driven by global factors such as the Ukraine war.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"At this juncture, we can understand the compulsion of the RBI to raise interest rates. However, the hike should be gradual as it could impact the growth of the real estate sector which is a major driver of the economy,\\\\\\\" he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/exports-grew-15-in-may-trade-deficit-widens-to-2333-billion-201005/\\\\\\\"\u003eExports grew 15% in May, trade deficit widens to $23.33 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The June MPC meeting is certainly expected to see a rate hike, with only the quantum in question, said Rakesh Kaul, CEO of Clix Capital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He further added, \\\\\\\"Unfortunately, with a twin deficit - in both fiscal as well as current account-persistent and rising inflation, as well as the Federal Reserve, increasing rates and likely to continue tightening, the only way out for RBI is to raise the interest rates\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-elon-musk-wants-to-slash-10-of-teslas-workforce-346891/\\\\\\\"\u003eWhy Elon Musk wants to slash 10% of Tesla's workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government has directed the Reserve Bank with ensuring consumer price index-based inflation remains at 4% with a margin of 2% on either side.\\\"}}]}","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":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"InterestRates","slug":"interestrates","id":"tek0lVji3xxB","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","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":"2022-06-07T16:50:34+05:30","publisher":0,"sourceFeed":null,"cleanText":"With inflation showing no signs of slowing down, the Reserve Bank of India (RBI) is expected to hike the benchmark lending rate in its upcoming monetary policy review on Wednesday, a clue for which has already been given by Governor Shaktikanta Das, said experts. The central bank is likely to go for at least a 35 basis points (bps) hike following the 40 basis points hike announced last month after an off-cycle Monetary Policy Committee (MPC) meeting. Experts anticipate more hikes in repo rate in the coming months, reported PTI. Also Read | Week ahead: RBI policy, global indications to weigh on Sensex, Nifty,Monetary Policy Committee's three-day meeting, headed by Governor Das has already started on Monday, June 6. RBI Governor Shaktikanta Das will announce the decision of the MPC after meeting, on Wednesday. The retail inflation, which RBI considers while arriving at its monetary policy, surged for a seventh consecutive month to touch an 8-year high of 7.79% in April, mainly on account of rising fuel and commodity prices, due to the ongoing Russia-Ukraine war. The wholesale price-based inflation has stayed in double digits for 13 months and hit a record high of 15.08% in April. Recently in an interview, the governor said expectation of rate hike is a no-brainer, there will be some increase in the repo rates, but by how much I will not be able to tell now but to say that 5.15 may not be very accurate. Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,On expectation from the MPC, Madan Sabnavis, Chief Economist, Bank of Baroda, said the credit policy to be announced will be crucial for the point of view of not just rate action but also the RBI’s thoughts on growth and inflation. The increase in repo rate can be taken as almost given but the quantum may not be more than 25-35 bps as the earlier minutes of the meeting held in May indicated that the MPC was not in favour of a large increase in repo rate at one shot, Sabnavis said. Also Read | Cryptocurrency scams cost Americans over $1 billion in 2021, FTC finds,The government has taken several measures, including a duty cut on motor fuel, a reduction in import duty on certain edible oils, and a banning of wheat export, in an attempt to control the inflation. In a report, BofA Securities said it expects RBI MPC to increase the repo rate by 40 basis points in June and 35 basis points in August. We see the RBI MPC revise up their inflation forecast, retain growth estimate and stance focusing on withdrawal of accommodation, it added. Also Read | Why Burger King has been unable to leave Russia after the Ukraine invasion,Dhruv Agarwala, Group CEO, Housing.com, PropTiger.com and Makaan.com, said that he expects RBI to raise the repo rate once again to contain inflation which is largely being driven by global factors such as the Ukraine war. At this juncture, we can understand the compulsion of the RBI to raise interest rates. However, the hike should be gradual as it could impact the growth of the real estate sector which is a major driver of the economy, he said. Also Read | Exports grew 15% in May, trade deficit widens to $23.33 billion,The June MPC meeting is certainly expected to see a rate hike, with only the quantum in question, said Rakesh Kaul, CEO of Clix Capital. He further added, Unfortunately, with a twin deficit - in both fiscal as well as current account-persistent and rising inflation, as well as the Federal Reserve, increasing rates and likely to continue tightening, the only way out for RBI is to raise the interest rates. Also Read | Why Elon Musk wants to slash 10% of Tesla's workforce,The government has directed the Reserve Bank with ensuring consumer price index-based 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":null,"keywords":"Shaktikanta Das,the Reserve Bank of India,MPC,RBI monetary policy, repo rate, CRR, monetary policy, RBI,Russia,inflation, MPC expectation,RBI MPC,Monetary policy commitee","originalPublishedOn":"2022-06-07T16:50:34+05:30"}},{"node":{"id":"xHKf8TPbTm43","slug":"english/liquidity-tightening-expected-with-rbi-rate-hike-on-june-8","slugV2":"business/liquidity-tightening-expected-with-rbi-rate-hike-on-june-631186/","title":"Liquidity tightening expected with RBI rate hike on June 8","postType":1,"coverMedia":"/opoyi_BgyLSxefC.jpg","coverCaption":"Retail inflation in April was 7.79% higher than a year-ago period (Photo Credit -Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-06-06T20:20:41+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eMeasures to tighten liquidity are likely to be accompanied by a hike in interest rates\u003c/li\u003e\n \u003cli\u003eEconomists expect a rise of 25 to 75 basis points\u003c/li\u003e\n \u003cli\u003eBofA Global Research expects a 50-basis-point increase in the CRR for banks\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\\\":1654527038905,\\\"strCount\\\":4813,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Measures to tighten liquidity are likely to be accompanied by a\u003ca href=\\\\\\\"https://opoyi.com/india/why-interest-rates-are-being-hiked-globally-192693/\\\\\\\"\u003e hike in interest rates\u003c/a\u003e on Wednesday, increasing upward pressure on bond yields and the need for central bank measures to support government borrowing.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There is no doubt about the rise in interest rates because the governor of the Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (RBI) Shaktikanta Das said on May 23 that the decision would be a “no brainer”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/sports/australias-tour-amidst-economic-crisis-to-boost-sri-lanka-financially-268402/\\\\\\\"\u003eAustralia's tour amidst economic crisis to boost Sri Lanka financially\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to a Reuters poll, economists expect a rise of 25 to 75 basis points (bps). It will follow a \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e40-basis-point\u003c/a\u003e rise that kicked off the RBI’s tightening cycle, which economists expect to be relatively short. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"A hike at this week's \u003ca href=\\\\\\\"https://opoyi.com/india/explained-impact-of-mpc-meeting-on-stock-market-608957/\\\\\\\"\u003eRBI\u003c/a\u003e policy meeting is a foregone conclusion,\\\\\\\" said Radhika Rao, senior economist at DBS Bank.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Inflation has proved to be persistently high in the past three years, even as drivers have changed - from supply bottlenecks to commodities and reopening pressures,\\\\\\\" she added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/cryptocurrency-scams-cost-americans-over-1-billion-in-2021-ftc-finds-235420/\\\\\\\"\u003eCryptocurrency scams cost Americans over $1 billion in 2021, FTC finds\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/food/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april-357334/\\\\\\\"\u003eRetail inflation\u003c/a\u003e in April was 7.79% higher than a year-ago period, exceeding the RBI’s tolerance band for inflation of 2% to 6% for the fourth month in a row. Inflation is expected to remain high in the near future.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last month, RBI Governor Shaktikanta Das said that the bank’s primary focus was to bring inflation down closer to target but it could not ignore concerns around economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The market is expecting an increase of around 50 basis points on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-burger-king-has-been-unable-to-leave-russia-after-the-ukraine-invasion-264924/\\\\\\\"\u003eWhy Burger King has been unable to leave Russia after the Ukraine invasion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Analysts also expect the RBI to reduce liquidity, strengthen its fight against inflation, and extend its efforts to return monetary conditions to what they were like before the pandemic prompted drastic measures to stimulate the economy, reported Reuters.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On June 3, BofA Global Research predicted that the RBI would continue with measures to absorb liquidity. It expects a 50-basis-point increase in the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity-412603/\\\\\\\"\u003ecash reserve ratio\u003c/a\u003e (CRR) for banks, which would absorb around 870 billion rupees in the banking system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/exports-grew-15-in-may-trade-deficit-widens-to-2333-billion-201005/\\\\\\\"\u003eExports grew 15% in May, trade deficit widens to $23.33 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rao at DBS said \\\\\\\"Further CRR increases are on the cards to lower the liquidity surplus and aid transmission\\\\\\\" that is, to support rises in interest rates to affect the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Tighter liquidity will push bond yields higher. The benchmark 10-year yield has already surged more than 100 basis points in 2022, driven higher by global oil prices and rising expectations for short-term interest rates. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government is also increasing its borrowing requirement with fiscal measures to control inflation, such as cutting customs and excise duties on fuel. Economists believe such fiscal action will have to continue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-elon-musk-wants-to-slash-10-of-teslas-workforce-346891/\\\\\\\"\u003eWhy Elon Musk wants to slash 10% of Tesla's workforce\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Therefore, the central bank may have to support it by buying bonds and thereby holding down yields.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Asset purchases through G-SAP (the government securities acquisition program) could be reintroduced if the central bank felt this was warranted to contain fiscal risks,\\\\\\\" said Shilan Shah, senior India economist at Capital Economics.\\\"}},{\\\"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\\\":\\\"In April, the RBI increased its inflation forecast, saying average retail prices in the year to March 2023 would be 5.7% higher than a year earlier. Economists expect it to further raise the forecast on Wednesday. The 2022-23 gross domestic product (GDP) forecast will probably be left unchanged at 7.2%, they say.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"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":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"DBS","slug":"dbs","id":"Bw3UxgsNiioh","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","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":"2022-06-06T20:20:39+05:30","publisher":0,"sourceFeed":null,"cleanText":"Measures to tighten liquidity are likely to be accompanied by a hike in interest rates on Wednesday, increasing upward pressure on bond yields and the need for central bank measures to support government borrowing. There is no doubt about the rise in interest rates because the governor of the Reserve Bank of India (RBI) Shaktikanta Das said on May 23 that the decision would be a “no brainer”. Also Read | Australia's tour amidst economic crisis to boost Sri Lanka financially,According to a Reuters poll, economists expect a rise of 25 to 75 basis points (bps). It will follow a 40-basis-point rise that kicked off the RBI’s tightening cycle, which economists expect to be relatively short. ,A hike at this week's RBI policy meeting is a foregone conclusion, said Radhika Rao, senior economist at DBS Bank. Inflation has proved to be persistently high in the past three years, even as drivers have changed - from supply bottlenecks to commodities and reopening pressures, she added. Also Read | Cryptocurrency scams cost Americans over $1 billion in 2021, FTC finds,Retail inflation in April was 7.79% higher than a year-ago period, exceeding the RBI’s tolerance band for inflation of 2% to 6% for the fourth month in a row. Inflation is expected to remain high in the near future. Last month, RBI Governor Shaktikanta Das said that the bank’s primary focus was to bring inflation down closer to target but it could not ignore concerns around economic growth. The market is expecting an increase of around 50 basis points on Wednesday. Also Read | Why Burger King has been unable to leave Russia after the Ukraine invasion,Analysts also expect the RBI to reduce liquidity, strengthen its fight against inflation, and extend its efforts to return monetary conditions to what they were like before the pandemic prompted drastic measures to stimulate the economy, reported Reuters. On June 3, BofA Global Research predicted that the RBI would continue with measures to absorb liquidity. It expects a 50-basis-point increase in the cash reserve ratio (CRR) for banks, which would absorb around 870 billion rupees in the banking system. Also Read | Exports grew 15% in May, trade deficit widens to $23.33 billion,Rao at DBS said Further CRR increases are on the cards to lower the liquidity surplus and aid transmission that is, to support rises in interest rates to affect the economy. Tighter liquidity will push bond yields higher. The benchmark 10-year yield has already surged more than 100 basis points in 2022, driven higher by global oil prices and rising expectations for short-term interest rates. ,The government is also increasing its borrowing requirement with fiscal measures to control inflation, such as cutting customs and excise duties on fuel. Economists believe such fiscal action will have to continue. Also Read | Why Elon Musk wants to slash 10% of Tesla's workforce,Therefore, the central bank may have to support it by buying bonds and thereby holding down yields. Asset purchases through G-SAP (the government securities acquisition program) could be reintroduced if the central bank felt this was warranted to contain fiscal risks, said Shilan Shah, senior India economist at Capital Economics. Also Read | Explained: Changes in repo rates and their impact on stock market,In April, the RBI increased its inflation forecast, saying average retail prices in the year to March 2023 would be 5.7% higher than a year earlier. Economists expect it to further raise the forecast on Wednesday. The 2022-23 gross domestic product (GDP) forecast will probably be left unchanged at 7.2%, they say.","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,the Reserve Bank of India,DBS Bank,RBI,CRR,DBS,G-SAP,Shilan Shah,India,Capital Economics, Monetary policy, Reserve Bank of India, Retail Inflation,Liquidity, Indian Economy, Economy","originalPublishedOn":"2022-06-06T20:20:39+05:30"}},{"node":{"id":"phRXp2X12fBG","slug":"english/indias-10-year-bond-yield-rises-to-three-week-high","slugV2":"business/indias-10-year-bond-yield-rises-to-three-week-high-481973/","title":"India's 10-year bond yield rises to three-week high","postType":1,"coverMedia":"/opoyi_ZTZ588g-2.jpg","coverCaption":"The RBI monetary policy committee will announce its next policy decision on June 8 (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-31T19:56:34+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eIndia’s benchmark 10-year bond yield touched a three-week high\u003c/li\u003e\n \u003cli\u003eOil prices extended gains after EU agreed to cut oil imports from Russia\u003c/li\u003e\n \u003cli\u003eIndia imports around 85% of its oil needs\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\\\":1654007193626,\\\"strCount\\\":2928,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s benchmark 10-year bond yield touched a three-week high in early trade on Tuesday, as global crude oil prices increased further raising concerns over the need for the central bank to tighten monetary policy aggressively to curb inflation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The benchmark bond yield was trading at 7.46% by 06.06 GMT, its highest since May 9.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/indias-real-gdp-growth-stands-at-87-in-fy2022-168444/\\\\\\\"\u003eIndia's real GDP growth stands at 8.7% in FY2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Oil prices extended gains after the European Union (EU) agreed to cut oil imports from \u003ca href=\\\\\\\"https://opoyi.com/topics/russia/\\\\\\\"\u003eRussia\u003c/a\u003e, raising concerns of a tighter market, which is already strained for supplies amid rising demand ahead of peak \u003ca href=\\\\\\\"https://opoyi.com/topics/us/\\\\\\\"\u003eUS\u003c/a\u003e and European summer driving season reported Reuters.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"”Crude is holding above $120 a barrel. It is likely to keep the upward pressure on domestic inflation, so expectations that inflation will start easing may not necessarily materialise,” a senior trader at a foreign bank said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/eurozone-inflation-soars-to-record-81-amid-rising-energy-and-food-costs-536456/\\\\\\\"\u003eEurozone inflation soars to record 8.1% amid rising energy and food costs\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e imports around 85% of its oil needs and high crude prices push up imported inflation. Traders will be looking at the GDP data due on May 31 for short-term hints.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asia’s third-largest economy probably grew 4.0% in the January-March quarter from a year-ago period, according to a Reuters poll. That would be the slowest growth in a year, following 5.4% growth in the previous quarter.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/vodafone-idea-share-rises-10-on-reports-of-rs-20000-crore-investment-plan-126746/\\\\\\\"\u003eVodafone Idea share rises 10% on reports of Rs 20,000 crore investment plan\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the latest Reuters poll conducted after the off-cycle 40 basis point rate increase earlier in May, 14 out of 53 economists expect the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e to increase by 35 basis points to 4.75% in June, 20 expect a larger hike ranging from 40-75 basis points, while 10 expect a 50 basis points hike.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI monetary policy committee will announce its next policy decision on June 8.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI’s key focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, Governor Shaktikanta Das told the Economic Times.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-share-falls-over-2-after-reporting-18-yoy-decline-in-q4-pat-238411/\\\\\\\"\u003eLIC share falls over 2% after reporting 18% YoY decline in Q4 PAT\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The MPC next week will be the key trigger now. Depending on today’s GDP data, we need to see if they stick to a potential 50 bps rate increase or go for something smaller to protect growth,” Reuters quoted a senior dealer with a private bank as saying.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"CrudeOil","slug":"crudeoil","id":"CDdTHmgoFn2O","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"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":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"EU","slug":"eu","id":"HocLiZmmkT0u","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","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":"2022-05-31T19:56:33+05:30","publisher":0,"sourceFeed":null,"cleanText":"India’s benchmark 10-year bond yield touched a three-week high in early trade on Tuesday, as global crude oil prices increased further raising concerns over the need for the central bank to tighten monetary policy aggressively to curb inflation. The benchmark bond yield was trading at 7.46% by 06.06 GMT, its highest since May 9. Also Read | India's real GDP growth stands at 8.7% in FY2022,Oil prices extended gains after the European Union (EU) agreed to cut oil imports from Russia, raising concerns of a tighter market, which is already strained for supplies amid rising demand ahead of peak US and European summer driving season reported Reuters. ”Crude is holding above $120 a barrel. It is likely to keep the upward pressure on domestic inflation, so expectations that inflation will start easing may not necessarily materialise,” a senior trader at a foreign bank said. Also Read | Eurozone inflation soars to record 8.1% amid rising energy and food costs,India imports around 85% of its oil needs and high crude prices push up imported inflation. Traders will be looking at the GDP data due on May 31 for short-term hints. Asia’s third-largest economy probably grew 4.0% in the January-March quarter from a year-ago period, according to a Reuters poll. That would be the slowest growth in a year, following 5.4% growth in the previous quarter. Also Read | Vodafone Idea share rises 10% on reports of Rs 20,000 crore investment plan,According to the latest Reuters poll conducted after the off-cycle 40 basis point rate increase earlier in May, 14 out of 53 economists expect the RBI to increase by 35 basis points to 4.75% in June, 20 expect a larger hike ranging from 40-75 basis points, while 10 expect a 50 basis points hike. The RBI monetary policy committee will announce its next policy decision on June 8. The RBI’s key focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, Governor Shaktikanta Das told the Economic Times. Also Read | LIC share falls over 2% after reporting 18% YoY decline in Q4 PAT,“The MPC next week will be the key trigger now. Depending on today’s GDP data, we need to see if they stick to a potential 50 bps rate increase or go for something smaller to protect growth,” Reuters quoted a senior dealer with a private bank as saying.","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,the European Union,EU,Russia,US,European,Asia,RBI,The RBI monetary policy committee,Shaktikanta Das,the Economic Times,MPC,10-year bond yield, bond yield, india bond yields, benchmark bond yields","originalPublishedOn":"2022-05-31T19:56:33+05:30"}},{"node":{"id":"37XvhOxY661Z","slug":"english/crypto-news-daily-bitcoin-data-and-price-analysis-for-may-16-2022","slugV2":"india/crypto-news-daily-bitcoin-data-and-price-analysis-for-may-16-2022-129425/","title":"Crypto news daily: Bitcoin data and price analysis for May 16, 2022","postType":1,"coverMedia":"/opoyi__4r2TOHef.jpg","coverCaption":"Bitcoin has tumbled more than 50% below 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":"2022-05-16T14:44:55+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBitcoin fear and greed index on May 16, went from the extreme fear level of 10\u003c/li\u003e\n \u003cli\u003eBitcoin is currently trading at $29,770.81, down 0.24%\u003c/li\u003e\n \u003cli\u003eRBI says cryptocurrencies could lead to dollarization of economy\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\\\":1652692495585,\\\"strCount\\\":3016,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/bitcoin/\\\\\\\"\u003eBitcoin\u003c/a\u003e fell nearly 1% in the last 24 hours, after\\\\nrecovering more than 2% to $30,407. At the moment the rate is close to the\\\\n$30,000 mark and has tumbled more than 50% below its November 10 all-time high\\\\nof $69,000. The crash of algorithmic stablecoin Terra USD and its sister token\\\\n\u003ca href=\\\\\\\"https://opoyi.com/india/terra-luna-crash-heres-why-the-cryptocurrency-dropped-over-85-241443/\\\\\\\"\u003eLUNA\u003c/a\u003e wiped out more than $270 billion of the crypto sector’s total trillion-dollar\\\\nvalue. The weekly net change in Bitcoin volatility was the highest in the two\\\\nyears, according to Bloomberg data.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/top-5-cryptocurrencies-of-the-day-btc-down-by-1-terra-luna-trends-at-no-608604/\\\\\\\"\u003eTop 5 cryptocurrencies of the day: BTC down by 1%, Terra LUNA trends at no. 1\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin fear and greed index on Monday, May 16, 2022,\\\\nwent from the extreme fear level of 10 to the level of 14 as per the alternative.\\\\nme. The Fear and Greed index is a technique for assessing investors' emotions\\\\ntoward the market.\u0026nbsp; \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Bitcoin is currently trading at $29,770.81, down 0.24%.\\\\nIn the last 24 hours, the highest it touched was $31,308.19 and the lowest was\\\\n$29,412.58. Bitcoin has a current market cap of $567,137,640,880. It has a\\\\ncirculating supply of 19,041,231.00 BTC coins and a maximum supply of\\\\n21,000,000 coins.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/crypto-fear-and-greed-index-on-monday-may-16-2022-335414/\\\\\\\"\u003eCrypto Fear and Greed Index on Monday, May 16, 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eRBI says cryptocurrencies could lead to dollarization of\\\\neconomy: Report\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Top officials of the Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (RBI) have\\\\ntold a parliamentary panel that cryptocurrencies can lead to the\\\\n“dollarization” of a part of the economy, which would be against India’s\\\\nsovereign interest.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Briefing the Parliamentary Standing Committee on Finance\\\\nchaired by former minister of state for finance Jayant Sinha, top officials of\\\\nthe \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e, including its governor Shaktikanta Das, expressed their apprehensions\\\\nabout cryptocurrencies and said these pose challenges to the stability of the\\\\nfinancial system, reported PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/indias-wheat-export-ban-forces-ukraine-to-find-new-routes-defying-russia-436480/\\\\\\\"\u003eIndia's wheat export ban forces Ukraine to find new routes, defying Russia\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Amid the “crypto crash” last week, a central bank\\\\nofficial said cryptocurrencies have the potential to become a medium of\\\\nexchange and replace the rupee in financial transactions both domestic and\\\\nacross the border.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"It will seriously undermine the RBI's capacity to\\\\ndetermine monetary policy and regulate the monetary system of the country. It\\\\ncould replace a part of the monetary system undermining RBI's capacity to\\\\nregulate the flow of money in the system,\\\\\\\" RBI officials said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI officials reiterated their \\\\\\\"institutional view\\\\nthat cryptocurrencies should be banned\\\\\\\".\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"Ethereum","slug":"ethereum","id":"LXPW4hGdvTWT","isSection":0},{"name":"FearGreed","slug":"feargreed","id":"nhodv7X4z6sC","isSection":0},{"name":"Luna","slug":"luna","id":"AIWe9yom9UGi","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-05-16T14:44:55+05:30","publisher":6,"sourceFeed":null,"cleanText":"Bitcoin fell nearly 1% in the last 24 hours, after recovering more than 2% to $30,407. At the moment the rate is close to the $30,000 mark and has tumbled more than 50% below its November 10 all-time high of $69,000. The crash of algorithmic stablecoin Terra USD and its sister token LUNA wiped out more than $270 billion of the crypto sector’s total trillion-dollar value. The weekly net change in Bitcoin volatility was the highest in the two years, according to Bloomberg data. Also Read | Top 5 cryptocurrencies of the day: BTC down by 1%, Terra LUNA trends at no. 1,Bitcoin fear and greed index on Monday, May 16, 2022, went from the extreme fear level of 10 to the level of 14 as per the alternative. me. The Fear and Greed index is a technique for assessing investors' emotions toward the market. ,Bitcoin is currently trading at $29,770.81, down 0.24%. In the last 24 hours, the highest it touched was $31,308.19 and the lowest was $29,412.58. Bitcoin has a current market cap of $567,137,640,880. It has a circulating supply of 19,041,231.00 BTC coins and a maximum supply of 21,000,000 coins. Also Read | Crypto Fear and Greed Index on Monday, May 16, 2022,RBI says cryptocurrencies could lead to dollarization of economy: Report,Top officials of the Reserve Bank of India (RBI) have told a parliamentary panel that cryptocurrencies can lead to the “dollarization” of a part of the economy, which would be against India’s sovereign interest. Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its governor Shaktikanta Das, expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system, reported PTI. Also Read | India's wheat export ban forces Ukraine to find new routes, defying Russia,Amid the “crypto crash” last week, a central bank official said cryptocurrencies have the potential to become a medium of exchange and replace the rupee in financial transactions both domestic and across the border. It will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country. It could replace a part of the monetary system undermining RBI's capacity to regulate the flow of money in the system, RBI officials said. RBI officials reiterated their institutional view that cryptocurrencies should be banned.","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,RBI,Terra USD,Greed,BTC,the Reserve Bank of India,India,the Parliamentary Standing Committee on Finance,Jayant Sinha,Shaktikanta Das,Bitcoin fear and greed,Bitcoin price analysis, Crypto news daily,crypto news","originalPublishedOn":"2022-05-16T14:44:55+05:30"}},{"node":{"id":"iRH25gw7B06f","slug":"english/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april","slugV2":"food/retail-inflation-in-india-jumps-to-8-year-high-of-779-in-april-357334/","title":"Retail Inflation in India jumps to 8-year high of 7.79% in April","postType":1,"coverMedia":"/opoyi_FLZL2oXKy.jpg","coverCaption":"Rural inflation surged to 8.83% in April as compared to 7.66% in March (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-12T23:30:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRetail inflation in India increased to 7.79% in April\u003c/li\u003e\n \u003cli\u003eThe figure stayed well above the RBI’s upper tolerance limit for a fourth straight month\u003c/li\u003e\n \u003cli\u003eIn March 2022, retail inflation stood at 6.95%.\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\\\":1652374642365,\\\"strCount\\\":3216,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003einflation\u003c/a\u003e in \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e increased to 7.79% in April, largely because of rising fuel and food prices, government data showed. The consumer price-based inflation figure stayed well above the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity-412603/\\\\\\\"\u003eReserve Bank\u003c/a\u003e of India’s (RBI’s) upper tolerance limit for a fourth straight month. RBI has been directed by the Centre government to keep the inflation between 2% to 6% for a five-year period ending March 2026.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"India’s factory output, measured in terms of Index Industrial Production (IIP), witnessed a growth of 1.9% in March, according to separate data released by the Ministry of Statistics \u0026amp; Programme Implementation (MoSPI).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/why-apple-fell-behind-saudi-aramco-in-the-most-valuable-company-race-304106/\\\\\\\"\u003eWhy Apple fell behind Saudi Aramco in the most valuable company race\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail \u003ca href=\\\\\\\"https://opoyi.com/food/cpi-inflation-soars-sharply-to-17-month-high-of-695-in-march-447215/\\\\\\\"\u003einflation in March\u003c/a\u003e stood at 6.95%. Retail inflation is now at the highest level since the 8.83% hit in May 2014. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rural inflation surged to 8.83% in April as compared to 7.66% in March and 3.75% in April 2021. Urban inflation in April stood at 7.09% as compared to 6.12% in March and 4.71% in April 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Food inflation, which accounts for nearly half the consumer price index (CPI) reached a multi-month high in April and is likely to remain elevated due to higher vegetable and edible oil prices globally. The CPI data is mainly considered by RBI while making its bi-monthly monetary policy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/phillip-jefferson-becomes-fourth-black-person-to-serve-on-fed-reserve-board-482420/\\\\\\\"\u003ePhillip Jefferson becomes fourth Black person to serve on Fed Reserve board\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The overall food inflation in April stood at 8.38%, against 7.68% in March and 1.96% in April 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The higher price outlook triggered the \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003eRBI to hike its repo rate\u003c/a\u003e for the first time in four years, increasing it by 40 basis points (bps) to 4.40% in an off-cycle meeting earlier this month. This was the first-rate move in two years and its first hike in nearly four years. The \u003ca href=\\\\\\\"https://opoyi.com/business/what-is-repo-rate-348054/\\\\\\\"\u003eRepo rate\u003c/a\u003e is the rate at which RBI lends money to commercial banks.\\\"}},{\\\"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\\\":\\\"“The MPC expects inflation to rule at elevated levels, warranting resolute and calibrated steps to anchor inflation expectations and contain second-round effects,” RBI Governor Shaktikanta Das said as he announced that the MPC had unanimously voted to increase the policy repo rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US Federal Reserve also increased its interest rate by 50 bps, the highest in 22 years. Globally, the central banks have indicated future rate hikes to bring down soaring inflation.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Food","slug":"food","id":"jAGOKN2koXNT","isSection":1},{"name":"Industry","slug":"industry","id":"3Hcxjv2r3g4X","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":"2022-05-12T23:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Retail inflation in India increased to 7.79% in April, largely because of rising fuel and food prices, government data showed. The consumer price-based inflation figure stayed well above the Reserve Bank of India’s (RBI’s) upper tolerance limit for a fourth straight month. RBI has been directed by the Centre government to keep the inflation between 2% to 6% for a five-year period ending March 2026. India’s factory output, measured in terms of Index Industrial Production (IIP), witnessed a growth of 1.9% in March, according to separate data released by the Ministry of Statistics \u0026 Programme Implementation (MoSPI). Also Read | Why Apple fell behind Saudi Aramco in the most valuable company race,Retail inflation in March stood at 6.95%. Retail inflation is now at the highest level since the 8.83% hit in May 2014. ,Rural inflation surged to 8.83% in April as compared to 7.66% in March and 3.75% in April 2021. Urban inflation in April stood at 7.09% as compared to 6.12% in March and 4.71% in April 2021. Food inflation, which accounts for nearly half the consumer price index (CPI) reached a multi-month high in April and is likely to remain elevated due to higher vegetable and edible oil prices globally. The CPI data is mainly considered by RBI while making its bi-monthly monetary policy. Also Read | Phillip Jefferson becomes fourth Black person to serve on Fed Reserve board,The overall food inflation in April stood at 8.38%, against 7.68% in March and 1.96% in April 2021. The higher price outlook triggered the RBI to hike its repo rate for the first time in four years, increasing it by 40 basis points (bps) to 4.40% in an off-cycle meeting earlier this month. This was the first-rate move in two years and its first hike in nearly four years. The Repo rate is the rate at which RBI lends money to commercial banks. Also Read | Why US inflation is going up and when will it come down,“The MPC expects inflation to rule at elevated levels, warranting resolute and calibrated steps to anchor inflation expectations and contain second-round effects,” RBI Governor Shaktikanta Das said as he announced that the MPC had unanimously voted to increase the policy repo rate. The US Federal Reserve also increased its interest rate by 50 bps, the highest in 22 years. Globally, the central banks have indicated future rate hikes to bring down soaring inflation.","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":"India,the Reserve Bank of India,the Ministry of Statistics Programme Implementation,Shaktikanta Das,The US Federal Reserve,Retail inflation, Retail inflation india, retail inflation april, retail infltation data,CPI india, Consumer price index april, Rur","originalPublishedOn":"2022-05-12T20:30:00+05:30"}},{"node":{"id":"R8CPGSjO7IwZ","slug":"english/trade-setup-top-13-things-to-know-before-market-opens-on-may-5-2022","slugV2":"business/trade-setup-top-13-things-to-know-before-market-opens-on-may-5-2022-514036/","title":"Trade Setup: Top 13 things to know before market opens on May 5, 2022","postType":1,"coverMedia":"/opoyi_6er7ot6pv.jpg","coverCaption":"The broader indices ended in red with the BSE Midcap index falling 2.63%, while the Small cap index was down by 2.11%. (Photo credit: Pixabay/Representative image))","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-05T06:44:51+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex crashed 1306.96 points or 2.29% to 55,669.03 and Nifty fell by 391.50 points or 2.29% to 16,677.60\u003c/li\u003e\n \u003cli\u003eNifty or India VIX rose 7.86% to 21.88 on Wednesday\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\\\":1651713290726,\\\"strCount\\\":10482,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/indian/\\\\\\\"\u003eIndian\u003c/a\u003e equity benchmarks fell for the third consecutive session on Wednesday, plunging more than 2% after the Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (RBI) announced a surprise repo rate hike at an unscheduled meeting. The markets were already on pins and needles as they awaited the results of the US Federal Reserve meeting later tonight, which is expected to result in a 50 basis point rate rise.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/what-weapon-did-isaiah-lee-use-to-attack-dave-chappelle-517938/\\\\\\\"\u003eWhat weapon did Isaiah Lee use to attack Dave Chappelle?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nifty50 has formed a long bear candle on the daily chart as it decisively gave up important support at 16,900-16,800 levels, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/narendra-modi-emmanuel-macron-discuss-indo-french-bilateral-issues-global-problems-534337/\\\\\\\"\u003eNarendra Modi, Emmanuel Macron discuss Indo-French bilateral issues, global problems\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The chart pattern also suggests a downside breakout of the index's broader high-low range of around 17,400-16,900, which is \\\\\\\"not a good sign and could spell more in the short term\\\\\\\", he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/dow-climbs-932-points-nasdaq-3-as-federal-reserves-jerome-powell-signals-economy-can-avoid-recession-174768/\\\\\\\"\u003eDow climbs 932 points, Nasdaq 3% as Fed's Powell signals economy can avoid recession\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/closingbell/\\\\\\\"\u003e\u003cb\u003eIndian Indices\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sensex crashed 1306.96 points or 2.29% to 55,669.03 and Nifty fell by 391.50 points or 2.29% to 16,677.60 in the previous session. Sensex touched a high of 57,184.21 and a low of 55,501.60, respectively. There were 3 stocks advancing against 27 stocks declining on the index. Nifty traded in a range of 17,132.85 and 16,623.95. There were 5 stocks advancing against 45 stocks declining on the index.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/from-shine-to-stairway-to-heaven-dolly-partons-best-rock-tracks-172496/\\\\\\\"\u003eFrom 'Shine' to 'Stairway to Heaven’: Dolly Parton's best rock tracks\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBroader Indices\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The broader indices ended in red with the BSE Midcap index falling 2.63%, while the Small cap index was down by 2.11%. The top losing sectoral indices on the BSE were Consumer Durables down by 3.88%, Realty down by 3.31%, Consumer Disc down by 3.01%, \u003ca href=\\\\\\\"https://opoyi.com/topics/healthcare/\\\\\\\"\u003eHealthcare\u003c/a\u003e down by 2.92% and Metal down by 2.89%, while there were no gaining sectoral indices on the BSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/shareholders-sue-netflix-over-subscriber-fall-report-101864/\\\\\\\"\u003eShareholders sue Netflix over subscriber fall report\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 volatility over the near term, rose 7.86% to 21.88 on Wednesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/champions-league-real-madrid-rallies-past-man-city-to-face-liverpool-in-finals-264258/\\\\\\\"\u003eChampions League: Real Madrid rallies past Man City to face Liverpool in finals\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSGX Nifty\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trends on SGX Nifty indicate a negative opening for the index in India with a 91-points loss. The Nifty futures were trading at\u0026nbsp;16,841.00 on the Singaporean Exchange around 06:40 hours IST.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/justin-beiber-on-marriage-with-hailey-its-a-journey-140185/\\\\\\\"\u003eJustin Beiber on marriage with Hailey: 'It's a journey'\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 16,490, followed by 16,303. If the index moves up, the key resistance levels to watch out for are 16,999 and 17,320, according to pivot charts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-federal-reserve-rate-hike-a-rally-on-wall-street-296858/\\\\\\\"\u003eUS Federal Reserve key rate hike highest in over two decades, stocks soar\u003c/a\u003e\\\"}},{\\\"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 rose 124.69 points, or 3%, to 4,300.17.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Dow Jones Industrial Average rose 932.27 points, or 2.8%, to 34,061.06.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nasdaq rose 401.10 points, or 3.2%, to 12,964.86.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Russell 2000 index of smaller companies rose 51.07 points, or 2.7%, to 1,949.92.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/russia-denies-plans-to-declare-ukraine-war-on-9-may-explained-247616/\\\\\\\"\u003eRussia denies plans to declare Ukraine war on 9 May: Explained\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAsian Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian markets finished mixed on Wednesday. The Shanghai Composite gained 2.41%, while the Hang Seng led the Nikkei 225 lower. They fell 1.14% and 0.11% respectively.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/donald-trump-jr-meets-jan-6-committee-report-376403/\\\\\\\"\u003eDonald Trump Jr. meets Jan 6 committee: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eEuropean Markets\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"European markets finished broadly lower yesterday with shares in \u003ca href=\\\\\\\"https://opoyi.com/topics/france/\\\\\\\"\u003eFrance\u003c/a\u003e leading the region. The CAC 40 was down 1.24% while London's FTSE 100 was off 0.90% and Germany's DAX was lower by 0.49%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/vladimir-putin-critic-alexei-navalny-fears-transport-to-torture-prison-467853/\\\\\\\"\u003eVladimir Putin critic Alexei Navalny fears transport to 'torture' prison\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eMajor News Headlines\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity-412603/\\\\\\\"\u003e\u003cb\u003eRBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) on May 4 announced an increase in \u003ca href=\\\\\\\"https://opoyi.com/business/all-you-need-to-know-about-crr-549669/\\\\\\\"\u003ecash reserve ratio\u003c/a\u003e (CRR) by 50 basis points to 4.5%, effective May 21, in a bid to tighten the liquidity. The move is effective from the beginning fortnight of May 21. The withdrawal of liquidity through hiked CRR could be around Rs 87,000 crore. The announcement was made by \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e after an off-cycle meeting of the rate-setting panel – the Monetary Policy Committee (MPC). Cash Reserve Ratio (CRR) is a percentage of a bank’s total deposits that are needed to maintain liquid cash.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e\u003cb\u003eRBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e in a surprise statement on May 4, announced that the MPC has decided to raise the \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates-201004/\\\\\\\"\u003erepo rate\u003c/a\u003e by 40 basis points with immediate effect in a bid to curb \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003einflation\u003c/a\u003e, which has remained above the upper band of 6% for the last three months. The Governor said that there was a spike in March retail \u003ca href=\\\\\\\"https://opoyi.com/food/cpi-inflation-soars-sharply-to-17-month-high-of-695-in-march-447215/\\\\\\\"\u003eCPI\u003c/a\u003e, and April CPI is expected to elevate. “If this scenario unfolds it can deanchor expectations and impact growth,” he said, adding that the situation is dynamic and fast changes and actions have to be tailored. The \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-monetary-policy-committee-keeps-repo-rate-unchanged-at-310572/\\\\\\\"\u003eMonetary Policy\u003c/a\u003e Committee (MPC) held an off-cycle meeting from May 2 to May 4 and voted to increase repo rates by 40 basis points.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/saudi-central-bank-raises-base-rate-by-50-basis-points-581898/\\\\\\\"\u003eSaudi Central Bank raises base rate by 50 basis points\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\\\":\\\"S V INVESTMENTS bought 8,00,000 shares in Asian Granito India Limited at Rs 2.30 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SANSKRUTI COMMOTRADE LLP bought 6,12,000 shares in ASL Industries Limited at Rs 38.00 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/bts-unveils-trailer-for-comeback-album-proof-announces-release-date-581644/\\\\\\\"\u003eBTS unveils trailer for comeback album 'Proof', announces release date\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SIXTEENTH STREET ASIAN GEMS FUND bought 10,00,000 shares in BLS Intl Servs Limited at Rs 358.25 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SWETSAM STOCK HOLDING PRIVATE LIMITED bought 90,000 shares in Cupid Limited at Rs 342.34 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/ray-j-claims-kim-kardashian-kris-jenner-struck-a-deal-to-leak-2007-sex-tape-186937/\\\\\\\"\u003eRay J claims Kim Kardashian, Kris Jenner struck a deal to leak 2007 sex tape\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"IDBI TRUSTEESHIP SERVICES LTD sold 21,10,000 shares in Future Mkt Networks Limited at Rs 4.84 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"SHIKHAR SINGH sold 27,869 shares in Hisar Metal Ind. Limited at Rs 141.92 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/federal-judge-sentences-derek-chauvin-to-20-25-years-in-prison-over-george-floyds-death-314876/\\\\\\\"\u003eFederal judge sentences Derek Chauvin to 20-25 years in prison over George Floyd's death\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"ABAKKUS GROWTH FUND-2 bought 20,05,000 shares in J.Kumar Infraprojects Limited at Rs 225.10 per share on the \u003ca href=\\\\\\\"https://opoyi.com/topics/nse/\\\\\\\"\u003eNSE\u003c/a\u003e.\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"UMESH PURUSHOTTAM CHAMDIA HUF bought 90,000 shares in Swaraj Suiting Limited at Rs 83.84 per share on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/what-is-powassan-virus-and-its-symptoms-2022s-first-case-confirmed-in-connecticut-283905/\\\\\\\"\u003eWhat is Powassan Virus? 2022's first case confirmed in Connecticut\u003c/a\u003e\\\"}},{\\\"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 investors (FIIs) sold shares worth a net Rs 3,288.18 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,338 crore in the Indian equity market on May 4, as per provisional data available on the NSE.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/entertainment/rapper-kidd-creole-convicted-of-manslaughter-jailed-for-16-years-423019/\\\\\\\"\u003eRapper Kidd Creole convicted of manslaughter, jailed for 16 years\u003c/a\u003e\\\"}},{\\\"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\\\":\\\"No stock/security has been put under the F\u0026amp;O ban for May 5. Securities in the ban period under the F\u0026amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\\\"}}]}","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":"TradeSetup","slug":"tradesetup","id":"odcbbjEYtYHE","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","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":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"HealthCare","slug":"healthcare","id":"OHM8LeWpwll6","isSection":0},{"name":"France","slug":"france","id":"aF0AipAbPtoh","isSection":0},{"name":"indian","slug":"indian","id":"YTJpdaKq5t2z","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Germany","slug":"germany","id":"OAY7kVupDf3P","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","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":"2022-05-05T06:44:50+05:30","publisher":6,"sourceFeed":null,"cleanText":"Indian equity benchmarks fell for the third consecutive session on Wednesday, plunging more than 2% after the Reserve Bank of India (RBI) announced a surprise repo rate hike at an unscheduled meeting. The markets were already on pins and needles as they awaited the results of the US Federal Reserve meeting later tonight, which is expected to result in a 50 basis point rate rise. Also Read| What weapon did Isaiah Lee use to attack Dave Chappelle?,The Nifty50 has formed a long bear candle on the daily chart as it decisively gave up important support at 16,900-16,800 levels, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. Also Read| Narendra Modi, Emmanuel Macron discuss Indo-French bilateral issues, global problems,The chart pattern also suggests a downside breakout of the index's broader high-low range of around 17,400-16,900, which is not a good sign and could spell more in the short term, he said. Also Read| Dow climbs 932 points, Nasdaq 3% as Fed's Powell signals economy can avoid recession,Indian Indices,Sensex crashed 1306.96 points or 2.29% to 55,669.03 and Nifty fell by 391.50 points or 2.29% to 16,677.60 in the previous session. Sensex touched a high of 57,184.21 and a low of 55,501.60, respectively. There were 3 stocks advancing against 27 stocks declining on the index. Nifty traded in a range of 17,132.85 and 16,623.95. There were 5 stocks advancing against 45 stocks declining on the index. Also Read| From 'Shine' to 'Stairway to Heaven’: Dolly Parton's best rock tracks,Broader Indices,The broader indices ended in red with the BSE Midcap index falling 2.63%, while the Small cap index was down by 2.11%. The top losing sectoral indices on the BSE were Consumer Durables down by 3.88%, Realty down by 3.31%, Consumer Disc down by 3.01%, Healthcare down by 2.92% and Metal down by 2.89%, while there were no gaining sectoral indices on the BSE. Also Read| Shareholders sue Netflix over subscriber fall report,India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, rose 7.86% to 21.88 on Wednesday. Also Read| Champions League: Real Madrid rallies past Man City to face Liverpool in finals,SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with a 91-points loss. The Nifty futures were trading at 16,841.00 on the Singaporean Exchange around 06:40 hours IST. Also Read| Justin Beiber on marriage with Hailey: 'It's a journey',Support and Resistance levels,The key support level for the Nifty is placed at 16,490, followed by 16,303. If the index moves up, the key resistance levels to watch out for are 16,999 and 17,320, according to pivot charts. Also Read| US Federal Reserve key rate hike highest in over two decades, stocks soar,US Markets,The S\u0026P 500 rose 124.69 points, or 3%, to 4,300.17. The Dow Jones Industrial Average rose 932.27 points, or 2.8%, to 34,061.06. The Nasdaq rose 401.10 points, or 3.2%, to 12,964.86. The Russell 2000 index of smaller companies rose 51.07 points, or 2.7%, to 1,949.92. Also Read| Russia denies plans to declare Ukraine war on 9 May: Explained,Asian Markets,Asian markets finished mixed on Wednesday. The Shanghai Composite gained 2.41%, while the Hang Seng led the Nikkei 225 lower. They fell 1.14% and 0.11% respectively. Also Read| Donald Trump Jr. meets Jan 6 committee: Report,European Markets,European markets finished broadly lower yesterday with shares in France leading the region. The CAC 40 was down 1.24% while London's FTSE 100 was off 0.90% and Germany's DAX was lower by 0.49%. Also Read| Vladimir Putin critic Alexei Navalny fears transport to 'torture' prison,Major News Headlines,RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity,The Reserve Bank of India (RBI) on May 4 announced an increase in cash reserve ratio (CRR) by 50 basis points to 4.5%, effective May 21, in a bid to tighten the liquidity. The move is effective from the beginning fortnight of May 21. The withdrawal of liquidity through hiked CRR could be around Rs 87,000 crore. The announcement was made by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel – the Monetary Policy Committee (MPC). Cash Reserve Ratio (CRR) is a percentage of a bank’s total deposits that are needed to maintain liquid cash. ,RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das,RBI Governor Shaktikanta Das in a surprise statement on May 4, announced that the MPC has decided to raise the repo rate by 40 basis points with immediate effect in a bid to curb inflation, which has remained above the upper band of 6% for the last three months. The Governor said that there was a spike in March retail CPI, and April CPI is expected to elevate. “If this scenario unfolds it can deanchor expectations and impact growth,” he said, adding that the situation is dynamic and fast changes and actions have to be tailored. The Monetary Policy Committee (MPC) held an off-cycle meeting from May 2 to May 4 and voted to increase repo rates by 40 basis points. ,Also Read| Saudi Central Bank raises base rate by 50 basis points,Bulk Deal data,S V INVESTMENTS bought 8,00,000 shares in Asian Granito India Limited at Rs 2.30 per share on the NSE. ,SANSKRUTI COMMOTRADE LLP bought 6,12,000 shares in ASL Industries Limited at Rs 38.00 per share on the NSE. Also Read| BTS unveils trailer for comeback album 'Proof', announces release date,SIXTEENTH STREET ASIAN GEMS FUND bought 10,00,000 shares in BLS Intl Servs Limited at Rs 358.25 per share on the NSE. ,SWETSAM STOCK HOLDING PRIVATE LIMITED bought 90,000 shares in Cupid Limited at Rs 342.34 per share on the NSE. ,Also Read| Ray J claims Kim Kardashian, Kris Jenner struck a deal to leak 2007 sex tape,IDBI TRUSTEESHIP SERVICES LTD sold 21,10,000 shares in Future Mkt Networks Limited at Rs 4.84 per share on the NSE. SHIKHAR SINGH sold 27,869 shares in Hisar Metal Ind. Limited at Rs 141.92 per share on the NSE. ,Also Read| Federal judge sentences Derek Chauvin to 20-25 years in prison over George Floyd's death,ABAKKUS GROWTH FUND-2 bought 20,05,000 shares in J.Kumar Infraprojects Limited at Rs 225.10 per share on the NSE. ,UMESH PURUSHOTTAM CHAMDIA HUF bought 90,000 shares in Swaraj Suiting Limited at Rs 83.84 per share on the NSE. Also Read| What is Powassan Virus? 2022's first case confirmed in Connecticut,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 3,288.18 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,338 crore in the Indian equity market on May 4, as per provisional data available on the NSE. Also Read| Rapper Kidd Creole convicted of manslaughter, jailed for 16 years,NSE F\u0026O Ban,No stock/security has been put under the F\u0026O ban for May 5. 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,CRR,Indian,Asian,Shaktikanta Das,MPC,the Reserve Bank of India,the US Federal Reserve,Nagaraj Shetti, Technical Research Analyst,HDFC Securities,Healthcare,India,the Singaporean Exchange,IST,US Markets Asian Markets,Trade setup, stock market news, sto","originalPublishedOn":"2022-05-05T06:44:50+05:30"}},{"node":{"id":"03kIjnoSRcYM","slug":"english/sensex-nifty-crash-over-2-after-rbis-surprise-rate-hike","slugV2":"business/sensex-nifty-crash-over-2-after-rbis-surprise-rate-hike-100534/","title":"Sensex, Nifty crashes over 2% after RBI's surprise rate hike","postType":1,"coverMedia":"/opoyi_B5BNpmKjI.jpg","coverCaption":"Rupee rallied 23 paise to settle at 76.42 against the US dollar (Photo Credits: Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T18:16:05+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSensex plunged 1,306.96 points or 2.29% to close at 55,669.03\u003c/li\u003e\n \u003cli\u003eNifty plummeted 391.50 points or 2.29% to close at 16,677.60\u003c/li\u003e\n \u003cli\u003eRBI raised the repo rate by 40 bps and CRR by 50 bps\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\\\":1651668364884,\\\"strCount\\\":3352,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Equity markets fell sharply in the late afternoon session\\\\non Wednesday after the \u003ca href=\\\\\\\"https://opoyi.com/topics/rbi/\\\\\\\"\u003eRBI\u003c/a\u003e in a sudden move increased the benchmark \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates-201004/\\\\\\\"\u003erepo rate\u003c/a\u003e by 40\\\\nbasis points (bps) to 4.40% to curb \u003ca href=\\\\\\\"https://opoyi.com/india/how-inflation-affects-rbis-interest-rate-policy-329823/\\\\\\\"\u003einflation\u003c/a\u003e. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The BSE Sensex plunged 1,306.96 points or 2.29% to close\\\\nat 55,669.03. During the day, it fell 1,474.39 points or 2.58% to 55,501.60.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The NSE Nifty plummeted 391.50 points or 2.29% to close\\\\nat 16,677.60.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003eRBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On the sectoral front, all indices closed in the red with\\\\nauto, FMCG, power, healthcare, metal, realty, and capital goods indices down\\\\n1-3%. BSE midcap index fell 2.63% and the small-cap index fell 2.11% \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e (RBI) raised the repo rate by\\\\n40 basis points to 4.40% in a bid to contain inflation, which has remained\\\\nstubbornly above the RBI comfort level of 6% for the last three months.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity-412603/\\\\\\\"\u003eRBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The decision came after an off-cycle meeting of the\\\\nMonetary Policy Committee (MPC), with all six members unanimously voting for a\\\\nrate hike while retaining the \u003ca href=\\\\\\\"https://opoyi.com/world/explained-difference-between-rbis-accommodative-neutral-hawkish-stance-328818/\\\\\\\"\u003eaccommodative policy\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The MPC's decision, in an unscheduled meeting, to\\\\nraise the repo rate by 40 bps and CRR by 50 bps is a surprise since it came on\\\\nthe LIC IPO opening date. MPC's proactive move is justified from the\\\\nperspective of inflation management, but the timing leaves a lot to be desired.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das-151341/\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The above 1,000 point crash in Sensex has soured\\\\nthe sentiments on the opening day of India's largest IPO,\\\\\\\" said V K\\\\nVijayakumar, Chief Investment Strategist at Geojit Financial Services.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Major laggards from the Sensex pack include Bajaj Finance\\\\ndown by 4.29%, Bajaj Finserv down by 4.18%, Titan Company down by 4.11%,\\\\nIndusInd Bank down by 3.98%, HDFC Bank down by 3.34%, Maruti Suzuki down by\\\\n3.17%, Reliance down by 3.14%, Asian Paints down by 2.99%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/lic-ipo-live-updates-largest-public-issue-opens-for-subscription-338379/\\\\\\\"\u003eLIC IPO live updates: Largest public issue opens for subscription\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Among the gainers were Power Grid Corp up by 2.75%, NTPC\\\\nup by 0.73% and Kotak Mahindra Bank up by 0.07%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Indian rupee rallied 23 paise to settle at 76.42 against\\\\nthe US dollar. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Asian market peers in Hong Kong and \u003ca href=\\\\\\\"https://opoyi.com/topics/seoul/\\\\\\\"\u003eSeoul\u003c/a\u003e ended lower.\\\\nEuropean markets were also trading down in the afternoon session. US Stock exchanges settled with gains on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"International oil benchmark Brent crude rose 3.12% to USD\\\\n108.3 per barrel.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"Sensex","slug":"sensex","id":"MhfKMlGWFTBF","isSection":0},{"name":"Nifty","slug":"nifty","id":"2JvkXElbbqnQ","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0},{"name":"ClosingBell","slug":"closingbell","id":"Rt7OWl3ugE5l","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"ShareMarket","slug":"sharemarket","id":"PkCsd9oT2rCN","isSection":0},{"name":"NSE","slug":"nse","id":"74WQDLQfPQDQ","isSection":0},{"name":"BSE","slug":"bse","id":"2seBd7Lyb8z6","isSection":0},{"name":"HDFCBank","slug":"hdfcbank","id":"n3a3YDui7INw","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"MarutiSuzuki","slug":"marutisuzuki","id":"j4RF2tcJ4KCJ","isSection":0},{"name":"IndusIndBank","slug":"indusindbank","id":"LuN5yAK5glgT","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","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":"2022-05-04T17:29:25+05:30","publisher":0,"sourceFeed":null,"cleanText":"Equity markets fell sharply in the late afternoon session on Wednesday after the RBI in a sudden move increased the benchmark repo rate by 40 basis points (bps) to 4.40% to curb inflation. ,The BSE Sensex plunged 1,306.96 points or 2.29% to close at 55,669.03. During the day, it fell 1,474.39 points or 2.58% to 55,501.60. The NSE Nifty plummeted 391.50 points or 2.29% to close at 16,677.60. Also Read | RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das,On the sectoral front, all indices closed in the red with auto, FMCG, power, healthcare, metal, realty, and capital goods indices down 1-3%. BSE midcap index fell 2.63% and the small-cap index fell 2.11% ,The Reserve Bank of India (RBI) raised the repo rate by 40 basis points to 4.40% in a bid to contain inflation, which has remained stubbornly above the RBI comfort level of 6% for the last three months. Also Read | RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity,The decision came after an off-cycle meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while retaining the accommodative policy. The MPC's decision, in an unscheduled meeting, to raise the repo rate by 40 bps and CRR by 50 bps is a surprise since it came on the LIC IPO opening date. MPC's proactive move is justified from the perspective of inflation management, but the timing leaves a lot to be desired. Also Read | Key announcements from RBI Governor Shaktikanta Das,The above 1,000 point crash in Sensex has soured the sentiments on the opening day of India's largest IPO, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Major laggards from the Sensex pack include Bajaj Finance down by 4.29%, Bajaj Finserv down by 4.18%, Titan Company down by 4.11%, IndusInd Bank down by 3.98%, HDFC Bank down by 3.34%, Maruti Suzuki down by 3.17%, Reliance down by 3.14%, Asian Paints down by 2.99%. Also Read | LIC IPO live updates: Largest public issue opens for subscription,Among the gainers were Power Grid Corp up by 2.75%, NTPC up by 0.73% and Kotak Mahindra Bank up by 0.07%. Indian rupee rallied 23 paise to settle at 76.42 against the US dollar. ,Asian market peers in Hong Kong and Seoul ended lower. European markets were also trading down in the afternoon session. US Stock exchanges settled with gains on Tuesday. International oil benchmark Brent crude rose 3.12% to USD 108.3 per barrel.","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":" Closing bell today,Closing bell,RBI,The Reserve Bank of India, RBI policy, RBI interest rate hike, Closing Bell India, RBI rate hike, RBI monetary policy, NSE, stock market crash, Nifty, BSE, stock market,Sensex,the Monetary Policy Committee,CRR,India,Ba","originalPublishedOn":"2022-05-04T17:29:25+05:30"}},{"node":{"id":"LqRnM42By5Yn","slug":"english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity","slugV2":"business/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity-412603/","title":"RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_AfOKbISuf.jpg","coverCaption":"RBI hiked the repo rate by 40 basis points (bps) to 4.44% (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T16:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRBI announced an increase in CRR by 50 bps to 4.5%\u003c/li\u003e\n \u003cli\u003eThe move is effective from the beginning fortnight of May 21\u003c/li\u003e\n \u003cli\u003eCRR is a percentage of a bank’s total deposits that are needed to maintain liquid cash\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\\\":1651662753642,\\\"strCount\\\":2425,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Reserve Bank of India (RBI) on May 4 announced an\\\\nincrease in \u003ca href=\\\\\\\"https://opoyi.com/business/all-you-need-to-know-about-crr-549669/\\\\\\\"\u003ecash reserve ratio\u003c/a\u003e (CRR) by 50 basis points to 4.5%, effective May\\\\n21, in a bid to tighten the liquidity. The move is effective from the beginning\\\\nfortnight of May 21. The withdrawal of liquidity through hiked CRR could be\\\\naround Rs 87,000 crore.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The announcement was made by RBI Governor \u003ca href=\\\\\\\"https://opoyi.com/india/who-is-shaktikanta-das-633549/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e\\\\nafter an off-cycle meeting of the rate-setting panel – the Monetary Policy\\\\nCommittee (MPC).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das-151341/\\\\\\\"\u003eKey announcements from RBI Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Cash Reserve Ratio (CRR) is a percentage of a bank’s total deposits that are needed to maintain liquid cash.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The RBI also hiked the \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates-201004/\\\\\\\"\u003erepo rate\u003c/a\u003e by 40 basis points (bps)\\\\nto 4.44% in a surprise move that rippled through the equity and bond markets.\\\\nThe move surprised markets pushing BSE Sensex down by over 1,400 points in the\\\\nintra-day trade and pushing the yield on India’s benchmark 10-year bond to\\\\n7.38%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003eRBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The sudden decision came ahead of an expected rate hike\\\\nfrom the US Federal Reserve and in the light of retail inflation breaching the\\\\nRBI’s upper limit for three consecutive months. The retail inflation for March\\\\ntouched nearly 7% as food and commodity prices surged. Higher edible oil and\\\\nfertilizer prices can put further pressure on food prices. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An increase in CRR will remove the excess liquidity from\\\\nthe market and is in line with RBI’s announcement of withdrawal of\\\\naccommodation. “The decision today to raise repo rate may be seen as a reversal\\\\nof rate action of May 2020. Last month, we set out a stance of withdrawal of\\\\naccommodation. Today’s action needs to be seen in line with that action,” Das\\\\nsaid.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This was the first such unscheduled statement from the\\\\nRBI governor since the start of the COVID-19 pandemic. The announcement\\\\nsurprised the markets, pushing up bond yields and putting pressure on equity\\\\nindices.\\\"}}]}","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":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Banking","slug":"banking","id":"LjkF3MF2IZGY","isSection":0},{"name":"MonetaryPolicy","slug":"monetarypolicy","id":"mzgUA7dig5kk","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"StockMarket","slug":"stockmarket","id":"vHCI0WQLTd1o","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"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":"2022-05-04T16:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Reserve Bank of India (RBI) on May 4 announced an increase in cash reserve ratio (CRR) by 50 basis points to 4.5%, effective May 21, in a bid to tighten the liquidity. The move is effective from the beginning fortnight of May 21. The withdrawal of liquidity through hiked CRR could be around Rs 87,000 crore. The announcement was made by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel – the Monetary Policy Committee (MPC). Also Read | Key announcements from RBI Governor Shaktikanta Das,Cash Reserve Ratio (CRR) is a percentage of a bank’s total deposits that are needed to maintain liquid cash. ,The RBI also hiked the repo rate by 40 basis points (bps) to 4.44% in a surprise move that rippled through the equity and bond markets. The move surprised markets pushing BSE Sensex down by over 1,400 points in the intra-day trade and pushing the yield on India’s benchmark 10-year bond to 7.38%. Also Read | RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das,The sudden decision came ahead of an expected rate hike from the US Federal Reserve and in the light of retail inflation breaching the RBI’s upper limit for three consecutive months. The retail inflation for March touched nearly 7% as food and commodity prices surged. Higher edible oil and fertilizer prices can put further pressure on food prices. ,An increase in CRR will remove the excess liquidity from the market and is in line with RBI’s announcement of withdrawal of accommodation. “The decision today to raise repo rate may be seen as a reversal of rate action of May 2020. Last month, we set out a stance of withdrawal of accommodation. Today’s action needs to be seen in line with that action,” Das said. This was the first such unscheduled statement from the RBI governor since the start of the COVID-19 pandemic. The announcement surprised the markets, pushing up bond yields and putting pressure on equity indices.","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":"CRR,RBI,The Reserve Bank of India,Shaktikanta Das,the Monetary Policy Committee,India,the US Federal Reserve,Das,What is CRR,RBI monetary policy, RBI MPC, RBI Governor","originalPublishedOn":"2022-05-04T16:45:00+05:30"}},{"node":{"id":"5jIScoWkI31V","slug":"english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das","slugV2":"india/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das-151341/","title":"Key announcements from RBI Governor Shaktikanta Das","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_VAljPvGyJ.jpg","coverCaption":"RBI Governor Shaktikanta Das delivers a live address on Wednesday. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-05-04T16:04:41+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBenchmark interest rates were hiked by 40 basis points\u003c/li\u003e\n \u003cli\u003eIndia's debt-to-GDP ratio remains low, RBI Governor said\u003c/li\u003e\n \u003cli\u003eIndia's cash reserve ratio was increased by 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\\\":1651660481243,\\\"strCount\\\":2691,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/india/centre-reappoints-shaktikanta-das-as-rbi-governor-for-three-more-years-127626/\\\\\\\"\u003eShaktikanta Das\u003c/a\u003e, the Governor of the Reserve Bank of India, made key announcements about \u003ca href=\\\\\\\"https://opoyi.com/india/rbi-monetary-policy-cap-on-e-rupee-to-be-increased-from-rs-10000-to-rs-1-lakh-531847/\\\\\\\"\u003eIndia's monetary policies\u003c/a\u003e. He addressed areas like inflation, \u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003erepo rates\u003c/a\u003e,\u0026nbsp;Cash Reserve Ratio, and foreign exchange reserves among others.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Here are the key announcements made by the RBI Governor on Wednesday:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-Shortages, volatility in commodities and financial markets are becoming more acute.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"- The benchmark \u003ca href=\\\\\\\"https://opoyi.com/india/what-rbis-unchanged-interest-rates-mean-for-indias-covid-hit-economy-397587/\\\\\\\"\u003einterest rate\u003c/a\u003e will be hiked by 40 basis points to 4.40% in an unscheduled policy review with a view to \u003ca href=\\\\\\\"https://opoyi.com/explained-how-bitcoin-price-and-inflation-are-co-related\\\\\\\"\u003econtain inflation in the country\u003c/a\u003e. The spike in interest rates will aim to \\\\\\\"strengthen and consolidate\\\\\\\" medium-term economic growth prospects.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-RBI Governor Das said that current geopolitical tensions are pushing India's inflation. He added that global economic recovery is losing momentum.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-India's foreign exchange reserves currently remain high and are valued at nearly $600 billion. The RBI Governor also said that India's debt-to-GDP ratio remains low.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"-India's cash reserve ratio (CRR) was spiked by 50 basis points and will be at 4.5% starting May 21, 2022.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The decision to increase interest rates was taken by the Monetary Policy Committee (MPC), the RBI Governor announced. This was the first \u003ca href=\\\\\\\"https://opoyi.com/india/what-rbis-unchanged-interest-rates-mean-for-indias-covid-hit-economy-397587/\\\\\\\"\u003erate hike in India since August 2018.\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The unscheduled meeting saw all six members voting unanimously for a rate hike while maintaining an accommodative stance.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While the inflation has remained above the targetted 6% since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high, according to reports from PTI.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The retail inflation print for March stood at 6.9%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Governor said the decision of MPC reversed the May 2020 interest rate cut by an equal amount.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shaktikanta Das said the last time India revised its\u003ca href=\\\\\\\"https://opoyi.com/business/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das-465365/\\\\\\\"\u003e repo rate\u003c/a\u003e policy was at the onset of the COVID-19 pandemic, on May 22, 2020. It was revised in an off-policy cycle to spike demand. This was achieved by slashing interest rates to a historic low of 4%.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Aman Butani","photo":"","username":"amanbutani1975","id":"wo3kJpOpSZW2","role":null},"topics":[{"name":"ShaktikantaDas","slug":"shaktikantadas","id":"PmizC3GAgJQS","isSection":0},{"name":"ReserveBankOfIndia","slug":"reservebankofindia","id":"961q4n2jRxlD","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"RBIMonetaryPolicy","slug":"rbimonetarypolicy","id":"Fwwbh36HIU6W","isSection":0},{"name":"RBI","slug":"rbi","id":"mmhRjdCmZCj0","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Aman Butani","id":"wo3kJpOpSZW2","username":"amanbutani1975","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"3","name":"PTI"}],"originalPost":null,"publishedOn":"2022-05-04T15:30:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Shaktikanta Das, the Governor of the Reserve Bank of India, made key announcements about India's monetary policies. He addressed areas like inflation, repo rates, Cash Reserve Ratio, and foreign exchange reserves among others. Here are the key announcements made by the RBI Governor on Wednesday:,-Shortages, volatility in commodities and financial markets are becoming more acute. - The benchmark interest rate will be hiked by 40 basis points to 4.40% in an unscheduled policy review with a view to contain inflation in the country. The spike in interest rates will aim to strengthen and consolidate medium-term economic growth prospects. -RBI Governor Das said that current geopolitical tensions are pushing India's inflation. He added that global economic recovery is losing momentum. -India's foreign exchange reserves currently remain high and are valued at nearly $600 billion. The RBI Governor also said that India's debt-to-GDP ratio remains low. -India's cash reserve ratio (CRR) was spiked by 50 basis points and will be at 4.5% starting May 21, 2022. The decision to increase interest rates was taken by the Monetary Policy Committee (MPC), the RBI Governor announced. This was the first rate hike in India since August 2018. The unscheduled meeting saw all six members voting unanimously for a rate hike while maintaining an accommodative stance. While the inflation has remained above the targetted 6% since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high, according to reports from PTI. The retail inflation print for March stood at 6.9%. The Governor said the decision of MPC reversed the May 2020 interest rate cut by an equal amount. Shaktikanta Das said the last time India revised its repo rate policy was at the onset of the COVID-19 pandemic, on May 22, 2020. It was revised in an off-policy cycle to spike demand. This was achieved by slashing interest rates to a historic low of 4%.","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":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"RBI governor address, interest rates, economy, inflation, repo rates, foreign exchanges reservesh","originalPublishedOn":"2022-05-04T15:30:00+05:30"}}]},"widgets":[]},"topicList":[{"id":"mmhRjdCmZCj0","slug":"rbi","name":"RBI","isSection":0},{"id":"1hd39Bl2AdAV","slug":"business","name":"Business","isSection":1},{"id":"cJVqnLe20t8S","slug":"inflation","name":"Inflation","isSection":0},{"id":"961q4n2jRxlD","slug":"reservebankofindia","name":"ReserveBankOfIndia","isSection":0},{"id":"Fwwbh36HIU6W","slug":"rbimonetarypolicy","name":"RBIMonetaryPolicy","isSection":0},{"id":"Bq4MmUPrXF8p","slug":"india","name":"India","isSection":1},{"id":"5VhOB45vqxj9","slug":"economy","name":"Economy","isSection":0},{"id":"mzgUA7dig5kk","slug":"monetarypolicy","name":"MonetaryPolicy","isSection":0},{"id":"vdfCkTLQAVNK","slug":"finance","name":"Finance","isSection":0},{"id":"hmzqkpDB7jEj","slug":"indianews","name":"IndiaNews","isSection":0},{"id":"vHCI0WQLTd1o","slug":"stockmarket","name":"StockMarket","isSection":0},{"id":"MhfKMlGWFTBF","slug":"sensex","name":"Sensex","isSection":0},{"id":"PkCsd9oT2rCN","slug":"sharemarket","name":"ShareMarket","isSection":0},{"id":"2JvkXElbbqnQ","slug":"nifty","name":"Nifty","isSection":0},{"id":"sdLvX0aD0qHh","slug":"gdp","name":"GDP","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":"tek0lVji3xxB","slug":"interestrates","name":"InterestRates","isSection":0},{"id":"MB0nNdjuys5U","slug":"upi","name":"UPI","isSection":0},{"id":"YTJpdaKq5t2z","slug":"indian","name":"indian","isSection":0},{"id":"kzdkEBmiyLAT","slug":"indianeconomy","name":"IndianEconomy","isSection":0},{"id":"ZdjTIzNom80K","slug":"russia","name":"Russia","isSection":0},{"id":"Dq03BAdFix29","slug":"ukraine","name":"Ukraine","isSection":0},{"id":"odcbbjEYtYHE","slug":"tradesetup","name":"TradeSetup","isSection":0},{"id":"kTF38sWsaB2Q","slug":"recession","name":"Recession","isSection":0},{"id":"1yMaWjG140NK","slug":"icicibank","name":"ICICIBank","isSection":0},{"id":"v2KXw3fOql0S","slug":"europe","name":"Europe","isSection":0},{"id":"LuN5yAK5glgT","slug":"indusindbank","name":"IndusIndBank","isSection":0},{"id":"5LjaoI8mVpAk","slug":"axisbank","name":"AxisBank","isSection":0},{"id":"fbOGTq2WSmtE","slug":"rbigovernor","name":"RBIGovernor","isSection":0},{"id":"L7OoyefNLuEh","slug":"cryptocurrency","name":"Cryptocurrency","isSection":0},{"id":"aF0AipAbPtoh","slug":"france","name":"France","isSection":0},{"id":"OHM8LeWpwll6","slug":"healthcare","name":"HealthCare","isSection":0},{"id":"hhAiScHAHTyh","slug":"bulkdeal","name":"BulkDeal","isSection":0},{"id":"Rt7OWl3ugE5l","slug":"closingbell","name":"ClosingBell","isSection":0},{"id":"YOuNxy4DtOwC","slug":"bhartiairtel","name":"Bhartiairtel","isSection":0},{"id":"kXDItAdh3a8f","slug":"nasdaq","name":"NASDAQ","isSection":0},{"id":"nAfUON56zYbS","slug":"federalreserve","name":"FederalReserve","isSection":0},{"id":"OAY7kVupDf3P","slug":"germany","name":"Germany","isSection":0},{"id":"PFIK5nEYHzYU","slug":"london","name":"London","isSection":0},{"id":"LXPW4hGdvTWT","slug":"ethereum","name":"Ethereum","isSection":0},{"id":"zfEaEycqSE1k","slug":"loans","name":"Loans","isSection":0},{"id":"0JelBm6rMusZ","slug":"us","name":"US","isSection":0},{"id":"b6gsXRHnIQWf","slug":"bitcoin","name":"Bitcoin","isSection":0},{"id":"j4RF2tcJ4KCJ","slug":"marutisuzuki","name":"MarutiSuzuki","isSection":0},{"id":"LjkF3MF2IZGY","slug":"banking","name":"Banking","isSection":0},{"id":"fwaz5zdvBeK4","slug":"tatasteel","name":"TataSteel","isSection":0},{"id":"S9X5iTjQfBZD","slug":"covid19","name":"covid19","isSection":0},{"id":"n3a3YDui7INw","slug":"hdfcbank","name":"HDFCBank","isSection":0}],"slug":"shaktikantadas","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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