FPIs pull out of debt

January Headline inflation eased to 5.1 per cent

India's headline inflation moderated to 5.1 per cent in January on the back of correction in food basket prices and a favourable base effect.

February MPC Decision: A refraining act

In the February MPC policy, both repo rate and stance have been left unchanged. RBI sounded cautious and reiterated its focus on inflation targeting. 

India's headline inflation for December

India's headline inflation for the month of December 2023 was recorded at 5.69 per cent, lower than the market expectations. At 3.89 per cent, the core inflation fell below 4 per cent for the first time since December 2019.

Q2 FY24 CAD Contracts to 1% of GDP

India's CAD improved marginally to 1 per cent in Q2 FY24 from 1.1 per cent in Q1 FY24 and 3.8 per cent in corresponding period of last financial year.  

US Fed Indicates Cuts in 2024, Induce US Bond Rally

The US Federal Reserve held US Fed Funds rates steady in the range of 5.25 per cent to 5.5 per cent and more importantly indicated rate cuts in the next year, which triggered a sharp rally in the US and domestic bonds.

November Headline Inflation

Undershooting market expectations, headline inflation for the month of November 2023 is recorded at 5.55 per cent. The core inflation also witnessed a downtrend to 4.10 per cent.

December MPC Review

The RBI MPC decided to keep the policy rate unchanged at 6.50 per cent and maintained stance at the withdrawal of accommodation in its December policy review, much in line with broader expectations.

RBI MPC decision due on 8th December 2023

RBI will announce its policy decision on 8th Dec'23 and is expected to maintain status quo on policy rates and stance amidst continued upside in price pressures and robust Q2 growth print released recently. 

GDP - Q2 FY 2024

The real GDP growth for the second quarter stood at 7.6 per cent, standing significantly higher than RBI’s projection of 6.5 per cent for the quarter.