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 »Five things to keep in mind about RBI policy today
Mumbai: The Governor of the Reserve Bank of India, Shaktikanta Das, will announce the policy decision of the monetary policy committee on Friday at 10 am, followed by a press conference at 12 noon. Here are the 5 things to keep in mind. Qualify action: The MPC is likely to …
Read More »Why inflation stands in the way of India’s growth recovery
The promise of a quick vaccine, India’s higher-than-expected gross domestic product (GDP) figures for the quarter ended September, and a booming stock market suggest that risks to growth may be waning. But there is still a big obstacle: persistently high inflation. And it may well represent the greatest threat to …
Read More »With a host of measures, RBI’s Das becomes the link whisperer
MUMBAI: India’s sovereign bond market saw all its payers responded on Friday, even the silent ones. Reserve Bank of India (RBI) Governor Shaktikanta Das donned the hat of a bond whisperer by giving investors an unbridled commitment to support them. The RBI is now open to not only injecting more …
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 to hold TLTRO on tap to boost credit collection
MUMBAI: The Reserve Bank of India (RBI) said on Friday that it will introduce long-term repurchase operations (TLTROs) available for banks to borrow up to ₹1 trillion from the window and invest in corporate bonds and other debt instruments of certain sectors. Banks can also use these funds to make …
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 »