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%, ...

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- 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

Journalist

RBI Likely to Maintain Status Quo on Interest Rates- Grapevine

- 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

Welcome to Personal Finance's Private Community

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!!!

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

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

USD/INR

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

Layoff Sadness Intensifies

Software Engineer

Welcome to Software Engineers's Private Community

Early signs of recovery

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Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade.

I obviously think more optimistically and hopefully things will look up soon.

What do you all think about this tho?

Reply in comments. Do you all think we ever getting the bull run again? 😔

We’ll 100% see another bull run. It’s just a question of when.  
  
 Hopefully sooner rather than later, only a bull run can fix me…

When can we expect the market to be up and we get the calls for hiring?
Currently, hardly any interview calls are approached.

When will the market be up?

Software Test - QA

My view on the Stock market in 2024 :-

Market will rise till March - April 2024 Nifty 23-24k, then will fall, the fall depends on election results
If BJP wins which market is expecting then still the market will fall by 10-15% (Nifty 20-21000) because of buy on rumor and sell on news behavior.
If congress wins then the market may fall by 20-25%(Nifty 18-19000) because of the discontinuity of the current government.
Then the market will start recovery by September.

What do you guys think ?

Stock Market prediction 2024

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to  day life.... 

We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... 

In that scenario, let's us discuss some scenario :
1. What will be impact on rental yields of tier  1 cities and consequently what will be overall impact on Indian real estate 
2. What would be impact on banking interest rates 
3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. 

My opinion :
1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 

2. We will begin to witness  overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs,  banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 

3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society?  What are things that will still hold value then? 

Don't you think current big techs will become East India Company of future indirectly controlling world's economy? 

I would love to know what do grapevine folks think about the same  !

Discussion about post white collar labour economics

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

Growth Manager

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

Do you feel 2021 level of Job Market is back?

Suddenly the number of jobs have increased

Hey all! Quick question – who here has a housing loan and what are your interest rates? I got mine during COVID at a decent 7.4%, but now it's up to 10.52%. 😵 That's quite a hike, especially when I look at what other banks are offering. I'm thinking about switching. Anyone else gone through this or have any advice?


PS: I did ask my bank to cut me some slack, and they dropped it from 11.10% to 10.42% once. But now, it's crept back up to 10.52%. Would love to hear your thoughts or if you've dealt with something similar!

Housing Loan Rates Got Me Thinking 🤔

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 📈📈

https://www.businessinsider.in/business/startups/news/the-funding-winter-is-thawing-and-expected-to-end-in-6-12-month/amp_articleshow/102567076.cmsp

So this new survey claims that funding winter will end in upcoming 6-12 Months. So I think job market should be back to normal, what's your take on it?

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 🤞

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.

RBI Likely to Maintain Status Quo on Interest Rates

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