Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

RBI Likely to Keep Policy Rate on Hold Till Fiscal-end: Report

According to a Kotak Institutional Equities report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018

PTI

Updated:September 17, 2017, 10:26 AM IST
facebookTwittergoogleskypewhatsapp
RBI Likely to Keep Policy Rate on Hold Till Fiscal-end: Report
According to a Kotak Institutional Equities report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018
Loading...
New Delhi: The Reserve Bank is expected to pause rate cuts for the rest of 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, says a Kotak Institutional Equities report.

According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.

It further noted that the impact of the 7th Pay Commission Housing Rent Allowance will further lend upside pressure to CPI inflation, a major factor for the RBI to decide its monetary policy stance.

"We expect CPI inflation to tread higher towards 4.7 per cent by March 2018 (4.3 per cent without HRA)," the report said.

Moreover, core CPI (excluding HRA) inflation is expected to remain tepid, averaging 4 per cent in this fiscal compared to 4.7 per cent in 2016-17 underscoring the weak underlying demand pressures.

Retail inflation rose to five-month high of 3.36 per cent in August due to costlier vegetables and fruits. The consumer price index (CPI) based inflation was 2.36 per cent in July.

According to the domestic brokerage firm, the RBI is expected to keep on hold the repo rate for the rest of this financial year but might consider an easing in policy stance "if inflation surprises below the 4 per cent mark on improvement in food supplies amid good monsoon, imported disinflation due to INR appreciation and downward surprise on core inflation".

"We maintain our call for status quo on repo rate for rest of 2017-18 and remain watchful of the incoming data, especially given the recent slide in high-frequency growth indicators," the report said.

The RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks. The rate cut was the first in 10 months and brought policy rates to a near 7-year low.

The next RBI policy review meet is scheduled on October 3-4.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Huma Tabassum
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.05 4.92
Reliance 1,337.55 0.27
SBI 354.95 3.73
IndusInd Bank 1,647.05 3.02
GRUH Finance 314.60 -4.58
Company Price Change %Gain
GRUH Finance 314.10 -4.18
Reliance 1,337.00 0.09
Axis Bank 791.10 1.81
SBI 354.10 3.45
SpiceJet 141.15 9.33
Top Gainers
Company Price Change %Gain
Tata Motors 182.90 4.42
Zee Entertain 375.85 4.27
Larsen 1,543.95 4.60
ICICI Bank 431.05 4.92
M&M 665.70 4.10
Company Price Change %Gain
ICICI Bank 430.85 4.93
Larsen 1,543.05 4.56
Tata Motors 182.50 4.29
Bharti Airtel 351.90 3.99
Vedanta 163.70 4.10
Top Losers
Company Price Change %Gain
Tech Mahindra 737.00 -0.85
TCS 2,046.75 -0.36
NTPC 129.10 -0.58
HCL Tech 1,063.25 -0.30
HUL 1,747.85 -0.34
Company Price Change %Gain
ONGC 174.40 0.20
HCL Tech 1,060.00 -0.62
NTPC 129.30 -0.46
HUL 1,747.55 -0.19

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results