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 »Increased contactless card transaction limit, what does it mean?
RBI Governor Shaktikanta Das said the contactless card limit was increased from Rs 2,000 to Rs 5,000. The Governor of the Reserve Bank of India (RBI), Shaktikanta Das, announced today that the central bank has increased the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction. …
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 »RBI beats for growth over inflation
The Reserve Bank of India on Friday kept interest rates unchanged as inflation remained stubbornly high, but unleashed a host of other tools to cut borrowing costs in a bid to jump-start growth in the Asia’s third largest economy. Citing inflation as a passing concern, the central bank maintained its …
Read More »RBI expects fiscal year 21 GDP growth to contract 9.5% in the first official estimate; Buyback rate unchanged at 4%
A man checks his phone outside the headquarters of the Reserve Bank of India (RBI) in Mumbai. (REUTERS / Francis Mascarenhas / Archives) The monetary policy committee (MPC) kept the repurchase rate, its key interest rate, at 4%, while the reverse repurchase rate or the key interest rate remained at …
Read More »RBI’s policy predates Diwali Dhamaka for bond markets, says Kotak’s Lakshmi Iyer
In short, a policy for the bond markets. Bond market participants are appreciating the large number of measures proposed by the RBI governor in his monetary policy on Friday to ease financing conditions and provide adequate liquidity. RBI’s announcement of OMO duplicates of ₹Rs 20 billion next week, the first-time …
Read More »RBI Shaktikanta Das-Led Monetary Policy Panel (MPC) Monetary Policy Decision Maintains Key Policy Rates
RBI Governor Shaktikanta Das has already promised more policy measures, if necessary, to support the economy. RBI Governor Shaktikanta Das said today that the country’s economy is likely to contract 9.5 percent in the current financial year, “with downside risks,” while maintaining a status quo in rates. policy citing high …
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 …
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