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 …
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India’s central bank took a number of unconventional measures to reduce borrowing costs in the economy, as above-target inflation prevents it from lowering the benchmark rate for the time being. While the Monetary Policy Committee kept the repurchase rate at 4% and maintained its accommodative stance, the Governor of the …
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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 …
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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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The Reserve Bank of India will announce monetary policy on October 9. “The next meeting of the Monetary Policy Committee (MPC) is scheduled for October 7-9, 2020,” the RBI said in a statement. On Monday, the government appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as …
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