RBI Monetary policy highlights: Inflation outlook uncertain, says RBI guv
RBI Monetary policy: RBI today decided to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
 "RBI, bonds, OMO")
RBI monetary policy highlights: The Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, announced the outcome of its bi-monthly monetary policy review today. Given the rise in the spread of coronavirus and the imposition of fresh restrictions to contain the virus spread, the RBI decided to maintain status quo on the benchmark repo rate — the rate at which the central bank lends short-term funds to banks — at 4 per cent. It also kept the accommodative monetary stance unchanged today to nurture a fragile economic recovery.
The policy announcement, the first for the fiscal, will come days after the government maintained the RBI's target to ensure inflation to be within 2-6 per cent band for five more years.
Policy repo rate or the short-term lending rate is currently at 4%, and reverse repo rate 3.35%
Stay tuned for RBI Monetary policy LIVE updates
12:50 PM
Deputy Governor Patra comments on RBI’s message to the markets on G-SAP
Irrespective of what the RBI wants, we will give you Rs 1 trillion; that;s our message to the markets
By influencing G-Sec rates, we can ensure congenial financing conditions
In the OMO setting, the market is usually guessing, as opposed to G-SAP where there is an explicit commitment
12:36 PM
RBI Monetary policy LIVE: Inflation outlook uncertain, says RBI Guv Das
Have mentioned in our statement that 4% inflation target is well entrenched
Tolerance band allows room to the RBI to act in extraordinary circumstances
12:34 PM
At the current juncture, we have said that growth is of paramount importance: RBI Governor
At the current juncture, we have said that growth is of paramount importance, while keeping in mind inflation targetting: Shaktikanta Das
12:33 PM
RBI Monetary policy LIVE: Inflation outlook uncertain, says RBI Guv Das
RBI Monetary policy LIVE: Inflation outlook uncertain, says RBI Guv Das
12:29 PM
RBI comitting its balance sheet to the conduct of monetary policy for the first time: RBI Dy Guv Michael Patra
Giving an amount allows participants to plan their engagement with the borrowing programme.
It is a challenging instrument; but it is a risk RBI has taken given its commitment to liquidity management
12:26 PM
G-SAP is different from usual open market operations. We have given it a distinct character: Shaktikanta Das
"For the first time we are giving a quantum for bond purchase in the secondary market.
Within the quarter, we will be announcing secondary market auctions from time to time"
12:20 PM
RBI Monetary Policy LIVE: RBI Dy Guv Michael Patra: GSAP will run alongside our normal liquidity operations
RBI Monetary Policy LIVE: RBI Dy Guv Michael Patra: GSAP will run alongside our normal liquidity operations
12:18 PM
RBI Governor Shaktikanta Das speaks to the media on the MPC decision and new measures announced
12:15 PM
Our signals, actions and communication ust be read together, says Guv on RBI Policy
Our signals, actions and communication ust be read together, says Guv on RBI Policy
12:14 PM
Addressing overall liquidity situation in market to ensure orderly evolution of yield curve, says RBI Guv
Addressing overall liquidity situation in market to ensure orderly evolution of yield curve, says RBI Guv
Topics : Reverse Repo Rate Inflation Bank Rate Cash Reserve Ratio RBI monetary policy RBI Shaktikanta Das
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First Published: Apr 07 2021 | 8:50 AM IST