Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Visual Stories
  • Reviews
  • Phone Reviews
  • Fitness Bands Reviews
  • Speakers Reviews
  • Find Cricket Statistics
Hindi
More
In the news
Petrol Diesel Prices
Char Dham Yatra
Gyanvapi Mosque
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Visual Stories
Reviews
Phone Reviews
Fitness Bands Reviews
Speakers Reviews
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / Monetary Policy Committee to rely on demonetization for rates?
India

Monetary Policy Committee to rely on demonetization for rates?

Monetary Policy Committee to rely on demonetization for rates?
Written by Sneha Johny
Jan 30, 2017, 05:21 pm 2 min read
Monetary Policy Committee to rely on demonetization for rates?

After the sudden announcement of withdrawing nearly 85% of the economy's currency in circulation, industry experts predict that lesser cash availability might trigger a rate cut in the upcoming policy meet. Although the incentives to boost growth are many, analysts state that the economy should pause and obtain data to support lower rates. They also said the committee should wait for a Fed move.

08 Nov 2016
India's demonetization move

Earlier this month, Prime Minister Narendra Modi took a major economic step by abolishing high-value currency notes in the country. The Prime Minister announced that all Rs.500 and Rs.1000 notes would be held invalid and in its place fresh Rs.500 and Rs.2000 notes would be issued by the banks. This was an effort to counter rising corruption and black money in the country.

Do you know?
Demonetization : Monetary repercussions

Modi's latest move saw nearly 86% of the nation's currency notes in circulation being wiped out. Around Rs.6,32,600 crore in circulation was withdrawn from the economy.

19 Nov 2016
Demonetization expected to top RBI policy meet agenda

With RBI's Monetary Policy Committee meetings surrounding inflation and growth targets, this time around analysts expect an urgent case for demonetization as a factor for a rate hike. After the demonetization became effective, reports stated that banks have collected nearly Rs.3 lakh crore, while the government expects deposits of Rs.11 lakh crore. Financial institutions have estimated lower lending rates due to this.

Quote
Analysts expect RBI to maintain rates

"We expect the Reserve Bank of India (RBI) to maintain status quo in its upcoming monetary policy review in December 2016, despite the downward trend in retail inflation witnessed over the past four consecutive months," said Anuradha Basumatari, Associate Director at India Ratings.

Share this timeline
Facebook
Whatsapp
Twitter
Linkedin
Sneha Johny
Sneha Johny
Mail
#EternalOptimist #EagerBeaver
Latest
India
Narendra Modi
Reserve Bank Of India (RBI)
Prime Minister
Monetary Policy Committee
Latest
OPPO A57 (2022) debuts with MediaTek Helio G35 SoC
OPPO A57 (2022) debuts with MediaTek Helio G35 SoC Technology
Yamaha launches 2022 version of MT-25 in Japan: Details here
Yamaha launches 2022 version of MT-25 in Japan: Details here Auto
Realme GT Neo 3 now has a 512GB storage variant
Realme GT Neo 3 now has a 512GB storage variant Technology
IPL 2022: Rajasthan Royals beat RCB to reach final
IPL 2022: Rajasthan Royals beat RCB to reach final Sports
2022 French Open: Leylah Fernandez progresses; Victoria Azarenka ousted
2022 French Open: Leylah Fernandez progresses; Victoria Azarenka ousted Sports
India
Geetanjali Shree becomes first Hindi novelist to win Booker Prize
Geetanjali Shree becomes first Hindi novelist to win Booker Prize India
School performance drops below 2017 levels barring Punjab, Rajasthan: Survey
School performance drops below 2017 levels barring Punjab, Rajasthan: Survey India
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here
Centre reconstitutes Inter-State Council; Modi to be chairman: Details here India
Monkeypox: Maharashtra, Tamil Nadu, Rajasthan prepare to fight against virus
Monkeypox: Maharashtra, Tamil Nadu, Rajasthan prepare to fight against virus India
PM Modi meets Japanese IT giant head, discusses investment opportunities
PM Modi meets Japanese IT giant head, discusses investment opportunities World
More News
Narendra Modi
PM Modi inaugurates Bharat Drone Mahotsav 2022
PM Modi inaugurates Bharat Drone Mahotsav 2022 India
Modi, KCR at odds again, this time over dynasty politics
Modi, KCR at odds again, this time over dynasty politics Politics
As Modi visits Hyderabad today, KCR takes detour to Bengaluru
As Modi visits Hyderabad today, KCR takes detour to Bengaluru Politics
'A partnership of trust': PM Modi on India-US relations
'A partnership of trust': PM Modi on India-US relations World
Quad emerged as 'force for good': PM Modi in Japan
Quad emerged as 'force for good': PM Modi in Japan World
More News
Reserve Bank Of India (RBI)
Hindustan Unilever hikes product prices for second time within month
Hindustan Unilever hikes product prices for second time within month Business
Apple stops accepting credit or debit cards for subscriptions, purchases
Apple stops accepting credit or debit cards for subscriptions, purchases Business
RBI keeps key interest rates unchanged for 11th consecutive time
RBI keeps key interest rates unchanged for 11th consecutive time Business
Taxing cryptocurrency is government's sovereign right: FM Sitharaman
Taxing cryptocurrency is government's sovereign right: FM Sitharaman Business
RBI maintains lending rates; 7.8% GDP growth projected in 2022-23
RBI maintains lending rates; 7.8% GDP growth projected in 2022-23 Business
More News
Prime Minister
Petrol, diesel prices drop sharply after Centre cuts excise duty
Petrol, diesel prices drop sharply after Centre cuts excise duty Business
PM Modi arrives in Berlin as part of Europe tour
PM Modi arrives in Berlin as part of Europe tour World
CJI Ramana's 'Lakshman Rekha' jibe at meet with PM, CMs
CJI Ramana's 'Lakshman Rekha' jibe at meet with PM, CMs India
'Democracy has penetrated the grassroots in J&K,' says PM Modi
'Democracy has penetrated the grassroots in J&K,' says PM Modi India
PM Modi inaugurates Pradhan Mantri Sangrahalaya dedicated to Indian PMs
PM Modi inaugurates Pradhan Mantri Sangrahalaya dedicated to Indian PMs India
More News
Monetary Policy Committee
RBI hikes repo rate by 40 bps to 4.40%
RBI hikes repo rate by 40 bps to 4.40% Business
RBI keeps repo rate unchanged at 4%
RBI keeps repo rate unchanged at 4% Business
RBI MPC keeps repo rate unchanged at 4%
RBI MPC keeps repo rate unchanged at 4% Business
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged
RBI predicts FY21's real GDP-growth at -7.5%; repo rate unchanged Business
As economy suffers, RBI keeps repo rate unchanged
As economy suffers, RBI keeps repo rate unchanged Business
More News
Next News Article
Next News Article

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Technology News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Mukesh Ambani Indian Premier League (IPL) Karnataka Samsung Xiaomi West Bengal
Bihar Virat Kohli Rohit Sharma Haryana Narendra Modi Arvind Kejriwal Tamil Nadu Gujarat Yogi Adityanath YouTube
Instagram Hollywood News Uttar Pradesh Kerala Netflix Bollywood News Mamata Banerjee Maruti Suzuki Rahul Gandhi Elon Musk
Shah Rukh Khan Chelsea FC OPPO Akhilesh Yadav Indian Cricket Team Apple Manchester United Salman Khan Cryptocurrency OnePlus
Amitabh Bachchan ICC Women's World Cup Vivo India vs Sri Lanka
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive IPL 2022 Schedule IPL 2022 Points Table Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2022