- A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June
- Expectation of rate hike in June 'a no-brainer', says RBI Governor
- Govt likely to stick to fiscal deficit target, says RBI Governor Das
- Flow of money into NRI deposits moderates to $3.23 bn in FY22: RBI data
- MPC members argued for front-loading rate hikes in view of inflation
- RBI opted for off-cycle rate hike to avoid tougher action in June: Das
- Liquidity mop-up from secondary market resumes amid rising bond yields
- Lenders to get 10-15 bps margin gains from rate hike, says report
- RBI repo rate hike: Higher yields leave Centre and states concerned
- Eye on target: Fears of high inflation prompted RBI's off-cycle meeting
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
Topics
RBI | RBI monetary policy | Reverse Repo Rate
BS Web Team |
Last Updated at June 4, 2021 13:13 IST
EVENT HIGHLIGHTS
RBI monetary policy LIVE: The Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, on Friday kept the benchmark interest rate unchanged amid coronavirus uncertainty and fears over inflation.
The repo rate (lending rate) will continue at 4.00% and reverse repo rate (RBI’s borrowing rate) at 3.35%. With this, the repo rate has remained unchanged for a sixth consecutive time.
RBI revised FY22 real GDP growth projection to 9.5% — 18.5% in Q1, 7.9% in Q2, 7.2% in Q3 and 6.6% in Q4. “Unlike the first wave of Covid-19, where economy came to a standstill, economic impact during the second wave will be contained,” the RBI Governor said.
The projection for CPI-based inflation in FY22 is 5.1% — 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
The projection for CPI-based inflation in FY22 is 5.1% — 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
Stay tuned for RBI Monetary policy LIVE updates
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