The Reserve Bank of India (RBI) has maintained the policy rate for the tenth time in a row.  Despite the US Federal Reserve and other central banks lowering benchmark rates, RBI remains unchanged. ...

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- The Reserve Bank of India (RBI) has **maintained the policy rate** for the tenth time in a row.
- Despite the US Federal Reserve and other central banks **lowering benchmark rates**, RBI remains unchanged.
- The RBI's stance has shifted to 'neutral', potentially leading to a **rate cut in future policies**.
- The repo rate remains at **6.5 per cent** as announced by RBI Governor Shaktikanta Das.
- RBI continues to monitor **elevated food inflation** amidst strong India GDP growth.

Source: [Deccan Herald](https://www.deccanherald.com/business/economy/rbi-keeps-policy-rate-unchanged-for-10th-time-in-a-row-3225305)

RBI Holds Policy Rate Steady for 10th Consecutive Time

Journalist

RBI Holds Policy Rate Steady for 10th Consecutive Time- Grapevine

- The Reserve Bank of India (RBI) is expected to keep interest rates unchanged due to recent declines in inflation and escalating tensions in West Asia. 
- The repo rate is likely to remain at 6.50%, marking the 10th consecutive bi-monthly statement with no change. 
- Despite easing retail inflation, a potential rise in September may prevent the RBI from reducing interest rates. 
- Geopolitical conflict in West Asia and its impact on global commodity prices is another factor influencing the decision. 
- Analysts suggest the RBI's tolerance of surplus liquidity in the banking system indicates a willingness to accept slightly looser financial conditions while keeping the benchmark policy rate unchanged.

Source: [Economic Times](https://economictimes.indiatimes.com/news/economy/policy/et-poll-rbi-may-hit-pause-button-on-interest-rates-again/articleshow/113992323.cms)

RBI Likely to Maintain Status Quo on Interest Rates

I am in shock that the Canadian PM, in the Canadian Parliament no less has alleged that India has eliminated a khalistani on Canadian soil. 
I still remember the days, when the single greatest attack on the soul of the country took place in Mumbai on 26/11, all we could do was establish backchannel diplomacy with the likes of the US to get Pakistan to 'calm down'. Not a single bullet was fired in return in a nation that perceived our weak national security as par for the course, getting the Congress led UPA that presided over this moment of unparalleled humiliation, a thumping verdict in 2009. That was an India where we would lament the lack of credible retaliation options including Covert Ops. It was often stated that IK Gujral rolled back R&AW operations outside the country as an excuse for our lack. Although, no action was taken to initiate the operations again. NONE. But excuses were ready should failures occur again.

That India of my childhood, seems like a distant past. When URI and Balakot happened, we crossed the LoC and launched Spl Ops to impose rising costs upon Pakistani aggression. Khalistani or old thoroughbred battle hardened Islamic Jihad commanders in Pakistan or PoK are being neutralized, further raising costs to threatening Indian interests. 

This is not the India I grew up in. 2004-14, when we ought to have taken off, came a pauper after the initial global liquidity fuelled growth from 04-07. Congress went on a far left loony socialistic binge, with massive amounts of debt given to Crony Industrialist friends leading to an NPA crisis which led to Private investment paralysis, plummeting growth further, and inflation hitting the skies. 

But now, we are poised for a decade or two of rapid, high quality, solid economic growth. All of these factors combine to bolster our Gross National Power like never before. 

We were supposed to be poor, timid and helpless. We pursued sympathy over strength. But I guess, this is no longer the India we knew of.

This is NOT the India I grew up in

This is not the India I grew up, where there was some trust left between religious communities and people were mostly tolerant of each other. Indian cricket team had a Muslim captain, and now an Indian Muslim fastbowler is facing Internet trolls.  
  
 This is not the India I grew up in where hate mongering was not mainstream and was frowned upon.  
  
  
 This is not the India I grew up in. Democratic institutions were fairly independent and there was no Supreme leader worship among the masses.

Finance Consultant

Co-Founder

Welcome to Personal Finance's Private Community

Performance of Central Banks in the World

FED : S118 Billion LOSS
BoE : $86 Billion LOSS 
RBI : $43 Billion PROFIT

This is the difference of Leadership

RBI 📈📈

curious to know. I remember fiscal strategy was quite different from other countries during covid. 

the government focused on infrastructure related expenses rather than direct benefit transfer.

What do you think we are doing right as a country?

Honestly, government ain't doing a lot but it's people who r hustling n boosting GDP. Govt. is just an enabler. 
  
 1. Fpi+fdi+remittances+dollar sale by RBI is reason behind inr stability. 
  
 2. Due to festival demand we saw a zoom in manufacturing, real estate and mining which resulted in 7.8% q2 growth 📈. 
  
 3. Remove top 5cr tax paying citizens n nation will be like a sub saharan Africa 🌍 nation 
  
 4. Infrastructure boost by government causes cyclical effect in economy. Dbt or ubi ain't a solution in 1500M nation. It's suitable for small EU nations with 5-10M population. 
  
 5. I believe government including states should spend on education, skill development n health as much as possible. Currently we spend 20% on subsidy n less than 2% on education or health. It's happening since 1947. 
  
 We need to build capacity n not work less but paid bots. 
  
 We should be a knowledge economy not a labour economy. 
  
 Peace out ✌️

Senior Consultant

Product Manager

I have avoided SBI always in the past. Even few days back, someone here on GV bashed SBI when he had to wait 3hr for account opening. But the prospect of being defrauded and shortchanged for loans, with random charges added and preclosure being a pain, I am dreading to interact with Private banks and NBFC's.

I haven't had the experience of servicing home loans/personal loans with HDFCs or other banks yet. But I was planning on getting a personal loan this month and HDFC is offering very competitive rate of 11%.

Do you guys have any reviews on their service whenever you have needed something adhoc?

Deposits and Credit cards from HDFC, but borrow only from SBI

Investment Manager

Can some explain in layman terms the 50 basis point slash by Fed

Growth Manager

- Australia's Reserve Bank held its cash rate at 4.35% for the sixth consecutive meeting, maintaining a 12-year high.
- The central bank aims to curb inflation while preserving employment gains made since the pandemic.
- The Australian dollar edged higher, and three-year bond yields adjusted as traders reduced bets on aggressive rate cuts.
- Governor Michele Bullock will address the media at 3:30 p.m. Sydney time, following the decision.
- The RBA upgraded its forecasts for core inflation and economic growth, expecting inflation to ease to 3.5% by year-end and 3.1% by mid-2025. 

 Source: https://www.hindustantimes.com/business/recession-in-australia-countrys-central-bank-holds-key-rate-at-12-year-high-101722922237833.html

Australia's Central Bank Holds Key Rate at 12-Year High Amid Inflation Concerns

- India's Q1 GDP growth slowed to 6.7% in the first quarter of FY25, marking the lowest growth in five quarters, down from 7.8% in the previous quarter.
- The 6.7% growth is broadly in line with expert estimates but falls short of the RBI's projection of 7.2% for the same period.
- The slowdown has been attributed to reduced government spending, likely influenced by election activities and heatwaves.
- Industrial production saw a modest increase, with growth at 5.2% compared to 4.7% in the April-June period of 2024.
- Despite the slowdown, India's economy is still expected to maintain a growth rate of over 7% for the fourth consecutive year, with Moody's revising the 2024 growth forecast upward to 7.2%. 

 Source: [India Today](https://www.indiatoday.in/business/story/india-gdp-growth-q1fy25-short-of-estimates-key-details-2590913-2024-08-30)

India’s Q1 GDP Grows at 6.7%, Lowest in 5 Quarters

I keep my savings in a bank account with a very average annual return. Shall I start to keep my savings in a low duration Debt Fund? Not all the amount but like 50% of the savings in Debt fund and rest keep in savings account.

Where to keep my savings

Software Developer

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead.

Personally, I can't afford to go through another layoff this year :')

Brace for impact people in lending biz!!!

2001 was a Dot Com collapse.
2008 was a banking collapse that hit IT too.
This year first it was the Tech companies and now its the Banking, Financial Sector that is getting hit, making it the worst of all recessions.
And its expected to get worse with Fed likely to hike up interest rates.

Its like this year we are having the worst of both 2001 and 2008.

Tough times ahead

Software Engineer

Title. Can India become a developed nation by 2047 irrespective of which political party is in power. If not 2047 then atleast 2060 or 2070?

Can India become a developed nation by 2047.

- The Federal Reserve cut its benchmark interest rate by half a percentage point, marking the first reduction since the pandemic began.
- This significant cut leaves the federal funds rate at a range of 4.75 to 5 percent, with more reductions expected.
- Fed Chair Jay Powell emphasized the move aims to maintain economic and labor market strength while addressing inflation.
- US stocks initially rallied but later dipped, reflecting market uncertainty about the Fed's future actions.
- President Joe Biden welcomed the decision, highlighting its positive impact on inflation and job creation. 

 Source: [Financial Times](https://www.ft.com/content/bff9e6d8-8906-4b3d-9ff3-72b091b6cd9e)

Federal Reserve Slashes Rates, Signals New Era of Easing

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Every Fintech nowadays is running to get a NBFC licence to provide service like loan & insurance isn't the market already getting cluttered & They are just focusing on increasing their loan book & with huge default isn't that gonna impact the whole ecosystem? Has RBI turned a blind eye just because these fintech now have NBFC licence

NBFC licence

Welcome to Software Engineers's Private Community

Early signs of recovery

50 Basis Points Rate Cut

Loving how 2024 is looking actually. Getting rid of my cash position and all in on equity. Plus, locking in the good interest rates FDs. Not seeing lucrative returns on FDs till the next quantitative tightening now. 

Godspeed! Time to make some 💰

India's Nifty 50 and Sensex are on course to log the longest joint weekly winning streak in nearly six years

Powell's rate remarks a 'Christmas gift to global markets' - Jefferies' Chris Wood

What do we think? JPow with the rate cuts is going to get us some nice returns hopefully 🤞

Looks like INR is heading for a sharp depreciation against USD
Any thoughts..?

USD/INR

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

RBI Holds Policy Rate Steady for 10th Consecutive Time

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