MPC has enhanced the scope of policy debate
External member Jayanth R Varma differed on wordings on the stance, while preferring to keep it accommodative for an extended period
The notification follows an announcement made in this regard on October 9 after the monetary policy committee meeting
Here's a selection of Business Standard opinion pieces for the day
RBI has a difficult task of meeting multiple targets
RBI's accommodative policy may benefit companies as India heads into the festive season
Extend gains for seventh straight session; Sensex rises 326.82 points
The path ahead also remains uncertain because it is closely tied to the path of the pandemic curve
RBI to run 'accommodative' stance as long as necessary and even entering the next year
The latest policy has taken a series of steps to ensure that the government is able to borrow from the market without paying too much and the banks continue to buy bonds
Mood of the nation has shifted to confidence & hope, says RBI Governor Shaktikanta Das
All 10 economists and bond traders polled by Business Standard expect the status quo to continue on rates.
Given inflation pressure, there is no doubt that it would be difficult for the MPC to cut rates in the near-term
With three external members of MPC appointed, the committee will meet from October 7 to October 9
The new members will bring divergent views to policymaking
Rising inflation, according to economists, is another cause for concern
MPC meeting likely early next week with new panel
The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain
The Reserve Bank of India's decision to reschedule this week's interest-rate meeting makes it difficult for lenders to price loans and deposits
Here's a selection of Business Standard opinion pieces for the day