The Reserve Bank is likely to leave the key interest rates unchanged at its fourth bi-monthly policy review, according to HDFC Bank Chief Economist Abheek Barua
An accommodative stance on monetary policy (unchanged since June'19), in the face of an unfavourable growth-inflation trade-off is understandable for now
The RBI's 2021-22 growth forecast is likely to remain unchanged at 9.5 per cent year-on-year
As India's early-stage recovery has been derailed by the second wave, the MPC will continue to focus on growth and maintain the status quo on policy rates and liquidity stance
Our top headlines Wednesday track the Indian economy
'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year
Despite the surge in Covid-19 infections, the growth target also remained unchanged at 10.5 per cent for the fiscal, but inflation was tweaked upwards slightly
Central bank announces variable rate reverse repo auctions (VRRR) to suck out liquidity
The focus was to be more on the language of the RBI on growth and inflation. Here, the RBI has been pragmatic on growth with a forecast of 10.5 per cent for fiscal 2021-22 (FY22), which is quite timel
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
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market
RBI keeps repo rate unchanged at 4%, pegs FY22 GDP growth at 10.5%
The CRR is the percentage of the total deposit that banks have to mandatorily park with the apex bank
There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present
The capital conservation buffer ensures that banks have an additional layer of usable capital that can be drawn down when losses are incurred
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy
The RBI MPC voted unanimously to keep the key policy rate unchanged
The six-member Monetary Policy Committee is forecast to hold the benchmark repurchase rate at 4% Friday
The Reserve Bank of India releases minutes of the October 7-9 meeting of its monetary policy committee.