Page 21 - Monetary Policy

Best of BS Opinion: Distant thunder in world economy, rocket rupee & more

Here are the best of Business Standard's opinion pieces for Monday

MPC, macro data, Covid-19 to dictate market trends this week: Analysts

The MPC's interest rate decision, a host of macroeconomic data announcements, Covid-19 trends and global factors would be the major highlights in the equity market this week, analysts said

Size of RBI's balance sheet up 6.99% for nine months to March 2021

The size of the Reserve Bank's balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy

Fiscal vs monetary policy, under uncertainty

Heightened uncertainty from a second wave is likely to increase the relative efficacy of fiscal vis-a-vis monetary policy

Mix of fiscal, monetary policies to mitigate economic downturn: RBI study

RBI study saying demand side channel needs to be complemented with a conducive monetary transmission mechanism from the supply side.

RBI in Impossible Trinity but ready with reserves, say economists

The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say

Fresh, tailor-made stimulus package needed to fight second Covid wave

The impact of restrictions will be felt on retail loans-banks as well as NBFCs and HFCs

Sudden movement of the rupee is not a reason to panic, say currency dealers

According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month

Losing currency: Rupee sinks as monetary policy triggers carry unwinding

The rupee closed at 74.56 to a dollar - the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels

Market impact of positives from the MPC meet may be seen with a lag

Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability

Monetary Policy: GDP growth projections may be left unchanged amid Covid-19

It is likely to keep policy rates on hold, maintain its accommodative stance going into FY22, and sound dovish amid rising Covid-19 cases

Monetary policy pause likely for entire year as Covid cases rise: BS poll

The policy, being the first in the fiscal year, could have many important policy measures spelled out

Monetary policy: All eyes on RBI for orderly evolution of yields

Overall policy focus will remain on supporting growth through low and stable interest rates and abundant liquidity

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

Drastic changes in monetary policy framework can upset bond market: Rajan

Former RBI Governor Raghuram Rajan on Sunday cautioned that "drastic changes" in India's monetary policy framework can upset the bond market

Maintain the status quo

The current inflation target has worked well

Inflation range of 2-6% is appropriate for monetary policy: RBI report

Even as the foreword of the report has been written by RBI governor Shaktikanta Das, the report is not the official view of the central bank

Internationalisation of the rupee is 'inevitable', says RBI report

Internationalisation means the currency can be freely transacted by both resident and non-residents, and be used as a reserve currency for global trades

Is Union Budget 2021-22 inflationary? Experts not on the same page

The government has ruled out tweaking the inflation target under the monetary agreement framework between it and the RBI

An IWG taking a look at central bank digital currency: Das, Kanungo & Patra

RBI Governor Shaktikanta Das, and Deputy Governors Michael Debabrata Patra and B P Kanungo spoke on a range of topics in a post-policy press meet