The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020
The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate
The glide path should take inflation down to 5.7% in 2021-22; below 5% in 2022-23, and closer to 4% by 2023-24, said DG Patra
Economists say RBI likely to revise inflation forecast downward in October policy
Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday
Revival of the Indian economy would be sustained if the COVID-19 pandemic is under control, eminent economist Shashanka Bhide said on Sunday
Economists say revival will hinge on govt spending, policy support
'Our collective decision was to record our views through the MPC minutes and not elsewhere,' says Chetan Ghate.
Only credit growth can help banks to get out of this liquidity drag. That can happen when growth is secured (and not through loan melas). But if it takes longer, risk of higher inflation becomes real
MPC should not ignore inflation risks
In a Q&A, Goyal, a member of RBI's Monetary Policy Committee, says reducing excess liquidity is at RBI's discretion and MPC members can only offer advice
Retail price inflation falling in July to a three-month law could be a blip that disappears with rising consumer demand.
RBI's position is still fraught with risks
The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic
'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao
RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31
Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave
The Reserve Bank of India (RBI) sounds relatively more confident on growth now and, at the same time, its concerns on inflation are clearly higher
Growth commentary is more positive than last policy with rural demand expected to be resilient, exports expected to continue to do well and pick-up in the long awaited capex cycle
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das