Page 249 - Pc News Today

At the press meet following the release of the policy statement, Das said that the RBI has tools beyond the policy rate to respond to inflation and the incremental CRR is one of them.

Equated monthly instalments (EMIs) of home, vehicle and other loans are expected to remain steady for the time being. The inflation projection has been hiked from 5.1 per cent to 5.4 per cent for FY2024, with high food inflation.

The RBI kept the policy repo rate unchanged at 6.50% for the third consecutive time on August 10.

Industry leaders say the latest RBI move will support the home-buying momentum. According to ANAROCK Research, EMIs have jumped up by 20 percent in the last two years.

CPI inflation is set to shoot up in July - data for which will be released on August 14 - and cross the upper bound of the Indian central banks 2-6 percent tolerance range for the first time in five months.

Mint Road has been relentlessly communicating that the fight is far from over and the August policy review reiterates this stance

This comes after the central bank proposed to introduce a framework for reset of interest rates on floating interest loans.

Liquid, money market funds received high net inflows in June 2023. Such schemes can help investors to benefit from the current attractive yields.

In today’s edition of Moneycontrol Pro Panorama: India Inc records rising cash flows, signs of moderation visible in banking sector, healthcare service providers under the weather, Go First needs a change in strategy for revival plans, and more

The factors fuelling food inflation are largely supply driven, where the RBI rate action may not help much. The central bank has already acted on the rate front and through liquidity measures. Over to government now?