#sanjay-malhotra
"High inflation is like a tax on everyone": RBI chief defends the rate hike
RBI Governor Sanjay Malhotra defended this month's rate increase, saying rising prices hurt everyone. The repo rate was raised 25 basis points to 5.50 per cent, the first hike in nearly four years. Retail inflation stood at 5.54 per cent in September, driven by food prices.
Two more rate hikes on the cards, RBI minutes suggest, with a third possible
Minutes of the RBI's October policy meeting suggest the central bank could raise the repo rate two more times, and possibly a third, after its first hike in nearly four years this month.
Rate cuts off the table, RBI minutes show; bond yield climbs to 7.44%
Minutes of the RBI's October meeting show policymakers agreed inflation had worsened enough to warrant higher rates but differed on how much more tightening is needed. Governor Sanjay Malhotra kept the path data-dependent. The 10-year bond yield rose to 7.44%, a three-and-a-half-year high.
Rate cuts off the table: RBI MPC minutes signal hike or pause only
Minutes of the RBI's Monetary Policy Committee, released on Wednesday, show a unanimous 25 basis points hike in the repo rate to 5.50%. The panel said rate cuts are off the table in the near term, leaving a hike or a pause as the options.