Feb 7, 2025, 1:10 PM
Post the RBI MPC meeting, as of 01:00 PM, Nifty Bank has declined by 0.56%, with ICICI Bank dropping by 1.30%, SBI by 1.56%, and HDFC Bank by 0.60%. Bank of Baroda has also seen a decrease, dropping by 1.46%. On the other hand, Federal Bank's stock has seen a positive movement, increasing by 1.57% today.
Feb 7, 2025, 1:02 PM
RBI Governor Sanjay Malhotra stated that the Union Budget 2025 is beneficial for both growth and inflation, with tax relief having no significant impact on inflation.
Feb 7, 2025, 12:51 PM
RBI Governor emphasised that global uncertainties are a major concern, as they directly affect growth and investment decisions, contributing to the dollar's appreciation.
Feb 7, 2025, 12:49 PM
RBI Governor mentioned that the central bank’s GDP forecast considers the effects of the rupee’s depreciation.
Feb 7, 2025, 12:48 PM
RBI Governor Sanjay Malhotra stated that there is no set timeframe for the implementation of Expected Credit Loss (ECL) norms, as the draft is still under discussion. He also mentioned an overlap with Project Finance norms.
Feb 7, 2025, 12:43 PM
The implementation of Liquidity Coverage Ratio (LCR) norms will be postponed until after March 31, says the RBI Governor.
Feb 7, 2025, 12:40 PM
Governor Sanjay Malhotra emphasised that the central bank is currently focused on fostering growth as inflation continues to decrease and is expected to keep falling.
Feb 7, 2025, 12:33 PM
As of 12:29 on February 07, 2025, Nifty PSU Bank is at 6,209.25, down by 73.90 points or 1.18%.
Feb 7, 2025, 12:25 PM
RBI Governor Malhotra expressed confidence that India is on track to achieve a 7% GDP growth rate.
Feb 7, 2025, 12:23 PM
Nifty Metal index rose by more than 2% after the RBI Governor highlighted the peak in manufacturing activity, boosting market sentiment.
Feb 7, 2025, 12:22 PM
RBI Governor Malhotra stated that the central bank aims to align inflation with its target while also supporting economic growth. He added that as inflation decreases, the RBI will have more room to support growth.
Feb 7, 2025, 12:21 PM
RBI Governor Malhotra emphasised the bank's commitment to maintaining liquidity and staying responsive to market needs. He also highlighted positive trends in consumption and manufacturing activity and expressed confidence in achieving projected economic targets. The RBI will continue refining its macroeconomic models to support growth.
Feb 7, 2025, 12:17 PM
The RBI's MPC press conference has officially commenced at 12 PM, following the conclusion of the MPC meeting.
Feb 7, 2025, 10:58 AM
RBI Governor Sanjay Malhotra introduced forward contracts in Government securities to support market development. These contracts will help long-term investors, like insurance funds, manage interest rate risks and enable efficient pricing of bond-based derivatives. Draft directions were issued in December 2023, with final guidelines expected soon after incorporating public feedback.
Feb 7, 2025, 10:54 AM
RBI Governor Malhotra announced that India's foreign exchange reserves stood at over $630 billion as of January 31, 2025, providing an import cover of more than 10 months and ensuring strong external stability.
Feb 7, 2025, 10:52 AM
As of 10:38 AM, the stock market dropped following the RBI's rate cut announcement. The Sensex fell by 192.14 points (0.25%) to 77,866.02, while the Nifty declined 73.05 points (0.31%) to 23,530.30. As of 10:44 AM, the Nifty Bank index was down by 0.33%
Read the full story here.Feb 7, 2025, 10:51 AM
RBI Governor Sanjay Malhotra has wrapped up his speech at the 2025 RBI MPC meeting.
Feb 7, 2025, 10:51 AM
RBI Governor Malhotra announced that banks will adopt the exclusive domain name "http://fin.in" to help prevent cyber fraud, with registration beginning in April.
Feb 7, 2025, 10:50 AM
RBI Governor Malhotra announced that the RBI will conduct a comprehensive review of the trading and settlement timings for markets regulated by the central bank.
Feb 7, 2025, 10:44 AM
RBI Governor Sanjay Malhotra stated that food inflation is expected to decline due to the arrival of new crops.
Feb 7, 2025, 10:42 AM
RBI Governor Sanjay Malhotra announced that the Cash Reserve Ratio (CRR) will remain unchanged, which is 4%.
Feb 7, 2025, 10:34 AM
RBI Governor Sanjay Malhotra stated that scheduled commercial banks remain financially healthy, with a credit-deposit ratio of 80.8% as of January 2025, similar to September 2024 levels. While net interest margins have moderated, liquidity buffers are adequate, and returns on assets and equity remain strong. The financial health of NBFCs is also robust.
Feb 7, 2025, 10:31 AM
RBI Governor Sanjay Malhotra stated that the Consumer Price Index (CPI) inflation for FY25 is projected at 4.8%.
Feb 7, 2025, 10:26 AM
During the RBI MPC meeting, Governor Sanjay Malhotra announced GDP projections for FY 2026, estimating real GDP growth at 6.7% in Q1 and Q2, 7% in Q3, and 6.5% in Q4.
Feb 7, 2025, 10:20 AM
RBI Governor Sanjay Malhotra stated that government policy support is favourable for economic growth. The central bank has reduced the repo rate from 6.5% to 6.25% and adjusted the SDF rate to 6%. While rural demand continues to rise, urban demand remains subdued.
Read the full story here.Feb 7, 2025, 10:19 AM
The RBI Governor stated that inflation has decreased and is expected to moderate further in the 2025-26 period.
Feb 7, 2025, 10:14 AM
The RBI Governor emphasised that economic interest demands efficiency, while the uncertain global environment has created challenging trade-offs.
Feb 7, 2025, 10:10 AM
The MPC resolution is a chance to address key concerns, says the RBI Governor. He emphasised that the flexible inflation framework has benefited the country and will continue to be refined.
Feb 7, 2025, 10:09 AM
Stay tuned to Angel One as the RBI's monetary policy announcement has begun at 10:00 AM IST.
Feb 7, 2025, 10:00 AM
The rupee hit a new low against the US dollar, and government bond yields fell slightly on Thursday ahead of the RBI's decision.
Feb 7, 2025, 9:59 AM
On February 07, 2025, Indian stock markets opened slightly higher on Friday as investors awaited the RBI's key interest rate decision. At the opening bell, the BSE Sensex rose 87.80 points (0.11%) to 78,145.96, while the Nifty50 gained 35.05 points (0.15%) to 23,638.40.
Feb 7, 2025, 9:49 AM
Welcome to Angel One’s everyday developments on the economy, stock market, and RBI MPC meeting. Get insights on the latest events and expectations right here. Stay tuned as we bring you live updates on the RBI’s MPC meeting in February 2025. With new leadership at the helm under Governor Sanjay Malhotra, today’s session is set to start, and we’re here to keep you ahead of every twist and turn. Stay tuned for LIVE updates on RBI's monetary policy and repo rate decisions.
Feb 6, 2025, 5:09 PM
With the repo rate announcement scheduled for February 7, all eyes will be on the RBI for guidance on the country’s monetary policy. Investors and market watchers are eagerly awaiting whether there will be a rate cut, as well as insights into future economic plans.
Feb 6, 2025, 5:07 PM
In the previous meeting under former Governor Shaktikanta Das, the RBI maintained the repo rate at 6.5% and reduced the cash reserve ratio (CRR) by 50 basis points. Additionally, the RBI injected ₹1 trillion into the banking system to boost liquidity. This move followed similar liquidity measures taken in December when ₹1.5 trillion was injected to further strengthen the financial system.
Feb 6, 2025, 5:06 PM
The Monetary Policy Committee (MPC) started on February 5 and will end on February 7, 2025. The session is set to conclude with the announcement of the repo rate on February 7, 2025. On the last day, the meeting will start at 10:00 AM, followed by a press conference by the RBI Governor at 12:00 PM. This meeting will provide insights into the committee's latest policy stance and outline the direction of monetary policy, with the Governor expected to address key questions and elaborate on the decisions taken during the meeting.
Feb 6, 2025, 5:04 PM
The Reserve Bank of India’s Monetary Policy Committee (MPC), now led by Governor Sanjay Malhotra, is set to hold a three-day meeting from February 5 to February 7, 2025. Markets are closely watching this event, expecting a possible 25 basis points rate cut, which would reduce the repo rate from 6.5% to 6.25%. This meeting is the first under Governor Malhotra, who took charge in December 2024 after Shaktikanta Das.
Published on: Feb 6, 2025, 5:20 PM IST
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