Tamal Bandyopadhyay

India saw an 8.8% rise in high-net-worth individual wealth & 5.6% growth in population, outpacing global peers including China. India had 378,810 millionaires at end of 2024 with $1.5 trillion total wealth. Japan had 3989820 millionaires with $9.9 trillion. China had 1502460

US economy added 139,000 jobs in May, beating expectations but still signalling that the labour market in the world’s biggest economy is weakening. @FT

Correcting one mistake. There’s no floor for CRR. 3% floor is history. Apology

Tamal Bandyopadhyay @TamalBandyo

June #MonetaryPolicy: @RBI cuts #CRR by 1 full percentage point in four tranches. It will release Rs2.5 trillion. This is after infusing Rs9.5 trillion into the system since January. 3 % is the floor for CRR. It cannot come down from here unless Act is changed

#MonetaryPolicy June: There’s no voting among #MPC members on stance of the policy — from “accommodative” to “neutral”. But all six members in favour change

#JuneMonetaryPolicy: One MPC member Saugata Bhattacharya is in favour of 25 bps rate cut. So, it's 5:1 for 50 bps repo rate cut

June #MonetaryPolicy: Surprise. Surprise. Surprise. Real Fireworks by @RBI. A 50 bps cut in policy repo rate. Plus a full percentage point cut in #CRR. When did we last see such action by Indian central bank? Couldn't have done more to push growth.

June #MonetaryPolicy: @RBI cuts #CRR by 1 full percentage point in four tranches. It will release Rs2.5 trillion. This is after infusing Rs9.5 trillion into the system since January. 3 % is the floor for CRR. It cannot come down from here unless Act is changed

June #MonetaryPolicy: @RBI Governor Malhotra says India is a story of three Ds -- Demography, Digitisation and Domestic Demand

June #MonetaryPolicy: @RBI sticks to #GDP estimate for FY26. It's unchanged at 6.5%

June #MonetaryPolicy: @RBI changes stance from "accommodative" to "neutral". Quite fast, in just two months. So, no guarantee of another rate cut soon. Will stick to 5.5% for the time being, unless macro scene changes

June #MonetaryPolicy: @RBI downs inflation estimate to 3.7% for FY26 from 4%. In growth-inflation dynamics, growth takes precedence

June #MonetaryPolicy: @RBI cuts repo rate by 50 bps to 5.5% -- three rate cuts in a row since February by 1 full percentage point from 6.5%

Will @RBI go for a 25 bps repo rate cut to 5.75% as widely expected? Or, a sharper 50 bps to 5.5%? Or, will it stick to 25 bps rare cut but widen #LAF corridor by 25 bps to make an effective 50 bps cut without being explicit? Will it pare FY26 inflation estimate? How about

Resilient economic data, a softer stance on tariffs, and optimism in technology sectors have driven global stocks to new highs, even as trade jitters persist… https://t.co/3fJ5vZudvu

Cost of home-cooked veg & non-veg thalis drop 6% each in May 2025. @CrisilLimited veg thali cost drop due to reduction in prices of tomato, onion & potato. Non-veg thali turns cheaper because of drop in cost of broiler. Year-on-year, cost of both thalis down; month-on-month,