RBI MPC highlights: 2nd wave has moderated; expect demand to pick up

RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates

12:45 PM

MPC has taken conscious decision to focus on growth: RBI

Intervening only in sectors where we see stress, says RBI

12:43 PM

Hike in CPI inflation forecasts not important: RBI Governor Shaktikanta Das

Hike in CPI inflation forecasts not important: RBI Governor Shaktikanta Das

12:39 PM

Vital to Remain Focused: RBI Governor Shaktikanta Das

"Since the MPC’s April meeting, the second wave of Covid-19 has surged across several states and spread into smaller towns and villages, leaving a trail of human misery and tragedy in its wake. Yet in these days of trials and travails, it is vital to remain focused on vanquishing the virus," said RBI Governor Shaktikanta Das.

12:35 PM

Too premature to talk about policy normalisation, says RBI Guv

Too premature to talk about policy normalisation, says RBI Guv

12:32 PM

Too premature to talk about policy normalisation, says RBI Guv

Too premature to talk about policy normalisation, says RBI Guv

12:29 PM

Gilt yield curve inverted due to abundant liquidity: RBI Governor Shaktikanta Das

—Focused on entire yield curve, not just 10-year gilt

—Gilt yield curve inverted due to abundant liquidity
—Bond yields haven't really gone up. Bond yields look inverted due to abundant liquidity at short end

12:24 PM

There is nothing like 6% on 10-year bond is sacrosanct: RBI Guv

Remain focused on orderly evolution of yield curve: RBI Guv

 

12:24 PM

Inflation print gives up scope to step up liquidity operations: RBI Guv

Inflation print gives up scope to step up liquidity operations: RBI Guv

 

12:23 PM

RBI Monetary policy LIVE: 2nd wave has moderated; expect demand to pick up, says Guv Das

RBI Monetary policy LIVE: 2nd wave has moderated; expect demand to pick up, says Guv Das

12:19 PM

RBI will continue with regular liquidity ops, says Guv Shaktikanta Das

RBI will continue with regular liquidity ops, says Guv Shaktikanta Das

11:53 AM

RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism

The Reserve Bank of India (RBI) on Friday announced creating a special liquidity window of Rs 15,000 crore with a tenor of 3 years at the repo rate to provide liquidity support to the contact-intensive sectors hit by Covid-19.

 

The special liquidity window encourages banks to provide fresh lending support to hotels, restaurants, tourism, aviation ancillary services, and other services including private bus operators, car repair services, rent-a-car service providers, event/conference organizers, spa clinics, and beauty parlours/saloons.

 

These sectors have seen the biggest impact due to the second wave as authorities started imposing lockdown measures to curb the spread of the virus. Read on...

11:48 AM

RBI Policy highlights

Special liquidity facility of Rs 16,000 cr extended to Sidbi to support MSMEs

Banks to be allowed to restructure loans up to Rs 50 crore

RBI to conduct G-SAP of Rs 1.2 trillion in Q2

NACH facility to be available on all days of the week from August 1

11:40 AM

RBI Policy highlights

Repo rate unchanged at 4%

'Accommodative' stance retained

FY22 DGP forecast cut to 9.5% from 10.55

CPI inflation seen at 5.1% in FY22

10:35 AM

RBI Monetary policy LIVE updates: Rural regional banks can now issue certificates of deposit

RBI Monetary policy LIVE updates: Rural regional banks can now issue certificates of deposit

10:34 AM

RBI Monetary policy LIVE updates: RBI's focus turning to equitable distribution of liquidity

It will continue proactive and pre-emptive approach of transmission to return economy to growth: Das

 

10:34 AM

Special liquidity facility of Rs 16,000 crore to Sidbi to support MSMEs extended: RBI guv

Rs 1.20 trillion worth of government securities to be purchased in the second quarter: Das

 

10:31 AM

RBI Monetary policy LIVE updates: CPI inflation

MPC now sees CPI inflation at 5.1% in 2021-22; 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4

10:30 AM

Coverage of Covid 2.0 recast scheme from Rs 25 crore to Rs 50 crore to cover more MSMEs and small businesses

Resolution Framework 2.0: Coverage of Covid 2.0 recast scheme from Rs 25 crore to Rs 50 crore to cover more MSMEs and small businesses

10:29 AM

Rebound in global demand is taking hold, which should strengthen India's export sector: Das

Rebound in global demand is taking hold, which should strengthen India's export sector, says RBI governor Shaktikanta Das

10:28 AM

RBI Monetary policy LIVE updates: RBI on measures to support economy

- Futures flows necessitated RBI to intervene with buys, sells in spot & forward market

 

- RBI to use all instruments at its command to support economy

 

- Important to build adequate provisioning & capital buffers

10:26 AM

RBI Monetary policy LIVE updates: Governor announces additional measures

On-tap liquidity window of Rs 15,000 cr being opened till May 31, 2022.

Fresh lending support to restaurants, tour operators, conference organisers, spas, beauty parlours, etc. Banks to provide loans at a rate 25 basis points lower that RBI's repo rate.

10:24 AM

Forex reserves have already exceeded $600 bn, says RBI governor Shaktikanta Das

Forex reserves have already exceeded $600 bn. That gives us the confidence to deal with global spillovers, whenever that should happen: Das 

10:24 AM

RBI Monetary policy LIVE: RBI will purchase Rs 40,000 crore worth of securities under G-SAP 2.0 on June 17

RBI Monetary policy LIVE: RBI will purchase Rs 40,000 crore worth of securities under G-SAP 2.0 on June 17

10:20 AM

RBI Monetary policy LIVE updates: G-SAP 2.0 announced

G-SAP operations and some instances of cancellations have conveyed RBI’s views to the market: Das

 

10:19 AM

CPI-based inflation is seen at 5.1% FY21-22: Governor Shaktikanta Das

CPI-based inflation is seen at 5.1% FY21-22: Governor Shaktikanta Das

 

10:19 AM

RBI Monetary policy LIVE updates: Monsoon expected to expedite economic recovery

RBI Monetary policy LIVE updates: Monsoon expected to expedite economic recovery

10:18 AM

RBI Monetary policy LIVE updates: KEY HIGHLIGHTS

10:17 AM

RBI Monetary policy LIVE updates: Weak demand, high crude oil rates exerting price pressures

Weak demand, high crude oil rates exerting price pressures, says Shaktikanta Das

10:13 AM

RBI Monetary policy LIVE updates: Businesses and individuals are adjusting to the new pandemic situation

Businesses and individuals are adjusting to the new pandemic situation, says Das

10:13 AM

Mobility indicators declined in May 2021 but they remain higher than last year: RBI

India's economy is expected to be buoyed by the multiple stimulus packages and acceleration in Covid vaccination