The Monetary Policy Committee (MPC) of the Reserve Bank of India has decided to keep official interest rates unchanged while maintaining an accommodative stance. He also believes that the economy is already out of the contraction zone and will register positive growth in the quarters ending in December (0.1%) and …
Read More »RBI still unaffected by liquidity, but odds of rate cuts are lower now
The Reserve Bank of India (RBI) left nothing to surprise today and investors have been comforted by a fairly firm policy stance. Monetary policy rates have remained intact, and even the stance has not changed in the face of various challenges that lie ahead. What Governor Shaktikanta Das did was …
Read More »Large fund transfers will be done 24/7, contactless card payment increased to ₹ 5,000
MUMBAI: Clients will soon be able to transfer funds via real-time gross settlement (RTGS) which will be available 24 hours a day in the coming days, Reserve Bank of India (RBI) Governor Shaktikanta said on Friday. You give. “The RTGS system will soon go 24/7 in the next few days …
Read More »Buyback rate was unchanged, GDP forecast improved
Maintaining the status quo for the third time in a row, the Reserve Bank of India decided on Friday to keep the benchmark interest rate unchanged at 4%, but maintained an accommodative stance, implying further rate cuts to come. if the need arises to support the economy hit by the …
Read More »RBI MPC votes to keep key rates unchanged, maintains accommodative stance
The Reserve Bank of India’s Monetary Policy Committee voted on Friday to keep key rates unchanged and maintained an accommodative stance, Governor Shaktikanta Das announced. With this repurchase rate it remains at 4.0% while the reverse repurchase rate remains at 3.35% The development comes amid signs of recovery in the …
Read More »RBI Monetary Policy 2020: Highest September 2020 PMI since January 2012, RBI Governor Says
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced the central bank’s monetary policy decision on Friday after three days of deliberations by its monetary policy committee (MPC). The six-member MPC meeting was previously scheduled to take place from September 29 to October 1, but was rescheduled …
Read More »RBI Policy Decision Today Oct 9, 2020 Shaktikanta Das Led RBI Expected To Hold Key Rates
The last meeting is a second consecutive scheduled review of RBI policy. The Monetary Policy Committee led by RBI Governor Shaktikanta Das will reveal its policy decision today at the end of talks that began Wednesday. Most economists expect the central bank to keep policy rates at existing levels, as …
Read More »Ashima Goyal, Jayanth R Varma and Shashanka Bhide named MPC members
On Monday, the government appointed economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the Monetary Policy Committee (MPC) that sets the rates of the Reserve Bank of India (RBI). The appointment of the three RBI members was issued by notification in the official gazette of the …
Read More »The fact that the government does not appoint members of the MPC injects more uncertainty into the economy
India’s government injected more uncertainty into the economy this week by failing to act in time to appoint members of the central bank panel that decides interest rates. The Reserve Bank of India postponed its three-day interest rate meeting that was due to start on Tuesday, giving no reason or …
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