Mumbai: As expected the RBI on Wednesday kept the repo rate unchanged at 6 per cent citing upside risk to inflation from food and fuel prices.
Nonetheless, the RBI left its policy stance "neutral" while slightly softening its language on inflation by saying risks were "evenly balanced". Five members of the Monetary Policy Committee (MPC) voted to keep rates unchanged, while one voted for a 25 basis point (bp) cut.
RBI continues to stress on the importance of transmission on lower policy rates by banks to existing as well as new borrowers.
Although the RBI status quo on the key rate was on expected lines, the BSE Sensex closed 205.26 points or 0.63 per cent down at 32,597.18. This decision is in line with market expectations.
"Our surveys indicate that corporate houses are also contending with rising input cost conditions and higher risk of pass through to retail prices in the near term".
Annual consumer inflation is at a seven month high striking the 3.6% mark in October with various underlying conjectures surrounding rising crude oil prices and hampering industrial growth. Though the rate is under the central bank's target of 4 per cent, its inflation forecast for remainder of the current financial year - 4.3-4.7 per cent - is what is bothering the central bank.
Saakashvili: Ex-Georgia leader detained by police in Kiev
The arrest boosted rising tensions in a country that has already been shaken by massive protest uprisings twice in this century. Mr Saakashvili also faces the threat of extradition to Georgia, where he is wanted on corruption charges.
Tumbling industry numbers for the second quarter and a lingering PMI figure has made RBI policy hold rates in the recent Monetary Policy Review.
Apart from these domestic factors, global factors in terms of pace of and uncertainty over monetary policy normalisation in advance economies and fiscal expansion in the U.S. have the potential source of higher inflation. Prices of pulses have continued to show a downward bias.
"However, the MPC also expects the usual seasonal moderation in the prices of vegetables and fruits and the lowering of tax rates by the GST Council to mitigate some of these pressures, " Patel said. Things may not seem that promising with the Monetary Policy Committee contemplating on a status quo to meet its inflation target of 4 ± 2%, but the onus is now placed on global markets which have largely remained buoyant.
The monetary policy committee highlighted the usual upside risks to inflation due to the implementation of farm loan waivers by states, strengthening of worldwide crude prices and potential fiscal slippage by central and state governments.
Meanwhile, market watchers were expecting the RBI not to change policy tone to be overly hawkish, given that liquidity was already turning tight, yields were hardening and growth dynamics are yet to improve markedly. It had risen more than 60 bps since the RBI's August 2 policy meeting.
Sarah, who was an attorney with the local law firm of Karkela , Hunt & Cheshire, was mourned by her colleagues in a Facebook post. The two were both 41 years old, the parents of three children and were living in separate Fergus Falls residences.
Alita is a cyborg rescued from a scrap heap by a scientist ( Christoph Waltz , in what appears to be a good guy role for once). The Battle Angel Alita movie, aka Alita: Battle Angel , has just finished up production and now it has a trailer .
Soccer; to address the "pay-to-play" model and make soccer accessible to all; and stress transparency within the federation. Soccer, starting with youth development; to push for equal pay for the women's national team and all women within U.S.
The Indian Navy has rich experience of operating six classes of submarines, which includes conventional and nuclear submarines. He said the scheduled commissioning of Kalvari in her new avatar will complete the "Kalvari to Kalvari" journey.
With 3.93M avg volume, 2 days are for Western Digital Corporation (NASDAQ:WDC)'s short sellers to cover WDC's short positions. At the close of regular trading, its last week's stock price volatility was 2.59% which for the month reaches 2.97%.
Going move backward a period of six month analysis we come to know that stock soared 24.39% giving rising alert for Investors. Zacks Investment Research raised Rite Aid from a sell rating to a hold rating in a research report on Friday, November 17th.
It's now unknown who will step in to handle directorial duties on the previously-announced sequel to Justice League . There's talk that DC films will be combined into the studio's regular production/development department.
Poland's Deputy Foreign Minister Konrad Szymanski also said his government was "ready to defend its position in the court". If the member state still refuses to comply, the Commission may then decide to refer the case to the Court of Justice.
Courtois sur Twitter, alors que la Ville s'était contentée d'un communiqué laconique prenant acte de la décision de l'UEFA ". Il était prévu que trois matchs de groupes et un huitième de finale se joueraient dans ce stade pour l'instant inexistant.
Hollywood filmmaker Bryan Singer is being sued by a man who alleges that he was raped by the director when he was 17 years old. This lawsuit was eventually dropped, with Herman apologizing to Ancier and Neuman, who filed a suit for malicious prosecution.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . The institutional investor owned 36,665 shares of the bank's stock after buying an additional 19,117 shares during the period.
Liverpool termine sur un carton, Naples éliminé
Enfin, le Real Madrid a dû cravacher pour venir à bout de Dortmund (3-2) avec un nouveau record pour Ronaldo à la clé. En Ukraine, un Manchester City bis n'a pas fait le poids contre le Shakhtar (2-1).
Ravindra Jadeja Furious Over A Fan For Calling Him Ajay Jadeja
Jadeja has cemented his place in the Indian Test side and has picked a total of 165 wickets in the longest format of the game. Well, that's the situation Ravindra Jadeja found himself in recently, and India's star all-rounder was not clearly happy.
Thousands protest in Jordan, burn U.S. and Israeli flags
Jordan also witnessed a series of rallies, including one near the USA embassy and several on a number of university campuses. President Abbas briefed Jordanian King on his contacts with a number of leaders on threats facing Jerusalem.
Marlins Trade Dee Gordon To The Mariners
He's under contract through 2020, earning $10.5 million this coming season, $13 million in 2019, and $13.5 million in 2020. Though Gordon has previously played the infield, the Mariners have said he will move to the outfield, likely centerfield.