Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

RBI unlikely to change repo rate this week.


Date: 28-09-2020
Subject: RBI unlikely to change repo rate this week
Mumbai: India’s central bank is unlikely to change the benchmark lending rate in its October bi-monthly policy review, which will be analysed threadbare by investors for Mint Road’s first commentary on inflation and growth estimates since the early summer pandemic outbreak.

According to an ET survey conducted among 20 market participants, only Bank of America expects a rate cut by 15 basis points. The rest expect a status quo on both rates and policy stance, now set at ‘accommodative’.

The three-day policy review is scheduled September 29-October 1. The central bank has, so far this year, slashed the reverse repo by 155 basis points to 3.35 per cent and repo by 115 bps to 4 per cent.

“The central bank may chart out a path for future growth revival as it is currently constrained by inflation,” said Abheek Barua, chief economist at HDFC Bank. “It would retain the window for future interest rate cuts citing that inflation is only transitory and will cool off with easing supply-side disruptions. In an extreme case, the RBI may announce a cap on interest rate increase for a specific period, in line with the US Federal Reserve.”

The Federal Reserve does not expect to lift its fund rates until 2023.

Globally, central banks are boosting liquidity to help combat the effects of the deadly virus.

Consumer prices in India rose 6.69 per cent in August, compared with 6.73 per cent in July. Supply disruptions are primarily blamed for such prints that extend beyond the central bank tramlines.

India’s first quarter gross domestic product shrank a record 23.9 per cent.

“In this policy, the markets will watch for views of three new non-RBI members on the current economic environment,” said Anubhuti Sahay, India economist at Standard Chartered. “The Monetary Policy Committee will project both inflation and growth for the current financial year, which have not been provided since the pandemic outbreak. (Investors will look for) measures to support the bond market.”

The six-member committee will include three new members for the first time.

The central bank might reiterate its accommodative stance, which increases the likelihood of lower borrowing rates in the future if the pace of price increases were to moderate.

“There are some signs of improvement that activity is starting to return to normal as lockdowns are eased,” said Rahul Bajoria, chief India economist at Barclays. “With the appointment of three new external members expected at this week’s meeting, the Monetary Policy Committee will likely get a makeover.”

Source:-economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 24-10-2020



Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001