FOREX TradingCharts.com

Financial News: India's Central Bank Hikes Key Rates Further

India's Central Bank Hikes Key Rates Further

08/01/2018 - 05:49:00 (RTTNews)

(RTTNews) - India's central bank lifted its key interest rate for the second straight meeting, as widely expected.

The Monetary Policy Committee of the Reserve Bank of India, on Wednesday, decided to lift the repo rate by a quarter-point to 6.50 percent from 6.25 percent. The bank had raised the rate at the June meeting by 25 basis points.

The reverse repo rate was adjusted to 6.25 percent from 6.00 percent. Nonetheless, the bank said the decision is consistent with the neutral stance of monetary policy.

The MPC reiterated its commitment to achieving the medium-term target for headline inflation of 4 percent on a durable basis.

According to MPC, the inflation outlook is likely to be shaped by several factors. Inflation is projected at 4.8 percent in the second half of 2018-19.

The RBI said uncertainty around domestic inflation needs to be carefully monitored in coming months.

The central bank said various indicators suggest that economic activity has continued to be strong. GDP growth projection for 2018-19 was retained at 7.4 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New York Manufacturing Index Unexpectedly Increases In August (11 min(s), 39 sec(s) ago)
(RTTNews) - New York manufacturing activity remained robust in the month of August, according to a ...Full Story»

U.S. Labor Productivity Jumps More Than Expected In Q2 (14 min(s), 39 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Wednesday showed labor productivity in th ...Full Story»

U.S. Retail Sales Rise More Than Expected In July (18 min(s), 39 sec(s) ago)
(RTTNews) - Retail sales in the U.S. climbed by much more than expected in the month of July, the ...Full Story»

South Africa Retail Sales Growth Unexpectedly Slows In June (01 hr(s), 15 min(s), 39 sec(s) ago)
(RTTNews) - South Africa's retail sales annual growth eased unexpectedly in June and sales dec ...Full Story»

Indonesia Hikes Key Rate By 25 Bps (02 hr(s), 07 min(s), 39 sec(s) ago)
(RTTNews) - Indonesia's central bank raised its key rate by a quarter point to stabilize the r ...Full Story»

UK House Price Growth Near 5-year Low, London Logs Worst Fall Since 2009: ONS (03 hr(s), 42 min(s), 39 sec(s) ago)
(RTTNews) - UK house price inflation was the lowest in nearly five years as London witnessed its w ...Full Story»

UK Inflation Accelerates In July (03 hr(s), 41 min(s), 39 sec(s) ago)
(RTTNews) - UK inflation accelerated for the first time in eight months in July, figures from the ...Full Story»

Turkey May Jobless Rate Falls (04 hr(s), 29 min(s), 39 sec(s) ago)
(RTTNews) - Turkey's unemployment rate for May eased from the same month last year, figures fr ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New York Manufacturing Index Unexpectedly Increases In August

08/15/2018 - 08:44 AM (RTTNews)
(RTTNews) - New York manufacturing activity remained robust in the month of August, according to a ...Full Story>>

U.S. Labor Productivity Jumps More Than Expected In Q2

08/15/2018 - 08:41 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Wednesday showed labor productivity in th ...Full Story>>

U.S. Retail Sales Rise More Than Expected In July

08/15/2018 - 08:37 AM (RTTNews)
(RTTNews) - Retail sales in the U.S. climbed by much more than expected in the month of July, the ...Full Story>>

South Africa Retail Sales Growth Unexpectedly Slows In June

08/15/2018 - 07:40 AM (RTTNews)
(RTTNews) - South Africa's retail sales annual growth eased unexpectedly in June and sales dec ...Full Story>>

Indonesia Hikes Key Rate By 25 Bps

08/15/2018 - 06:48 AM (RTTNews)
(RTTNews) - Indonesia's central bank raised its key rate by a quarter point to stabilize the r ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.