The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
The pile-on of debt was necessary given policy responses during the pandemic, Vera Chaplin, the credit ratings agency's managing director and lead analytical manager, said
(Reuters) -Half of U.S. Federal Reserve policymakers now expect to start raising interest rates next year and think borrowing costs should increase to at least 1% by the end of 2023, reflecting a growing consensus that gradually tighter policy will be needed to keep inflation in check.
Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday
The RBI had revised norms last year to bring clarity in risk sharing and credit underwriting in co-lending tie-ups
The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday. The central bank will also start rolling back its accommodative policies which have led to easy liquidity conditions, they said. The view from analysts came even as inflation cooled down to 5.6 per cent for July, after two months of breaching the upper end of the RBI's tolerance band of 6 per cent. The central bank has been keeping the status quo on policy and continuing with the accommodative stance to help revive GDP growth. Finance Minister Nirmala Sitharaman had on Thursday opined that the current conditions do not warrant withdrawal of the accommodative measures. "The RBI has been tolerant of inflation and has stayed accommodative to support growth given the deep hit suffered by the economy. But it appears to be reaching the end of tether as inflation remains elevated," rating agency Crisil said. "If this ..
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das
The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth
Six-member Monetary Policy Committee is meeting amid weak indicators raising doubts about the economy's ability to sustain a nascent recovery
The Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy.
Floater funds have given returns of over 5 per cent in the last one year
Direct retail investment facility should lead to better secondary market liquidity in gilts
Here are the best of Business Standard's opinion pieces for Tuesday
Low interest rates in a downturn tend to push up asset prices (and high interest rates in a boom can lower asset prices).
It will apply to loan amounts of up to Rs 50 lakh offered to salaried individuals.
The Reserve Bank of India (RBI) has said that the combination would pose challenges.
Year-on-year growth in deposits till early June 2021 has been 9.7 per cent while credit growth is only 5.7 per cent.
The Bank of England (BoE) has announced an unchanged interest rate at 0.1 per cent, despite prediction of inflation being temporarily above its 2 per cent target in the months ahead
Higher levels of global government debt as a result of the coronavirus pandemic have made sovereign creditworthiness increasingly sensitive to interest rate changes.
Though policymakers have yet to agree on a plan, most expect that by the end of 2023 they will have raised interest rates at least twice from the current near-zero level