Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman
The new timings for the fixed rate reverse repo operations and MSF operations will be from 1730 hrs to 2359 hrs, said RBI in a statement
The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
Rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor
The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.
Launched in August 2021, e-RUPI is a one-time use digital solution to facilitate cashless payment.
The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.
Liquidity tightness has led to some short-term market rates rising above the Repo Rate. This nervousness in the bond markets could make Shaktikanta Das's task more challenging. Let's see how
Another coal shortage crisis looming over India? What explains Gautam Adani's meteoric rise? Will bond yield volatility affect RBI's policy decision? What is UPI Lite? Find all answers here
RBI watchers call for a CRR hike to support OMOs
The gap, which is 25 basis points (bps) during normal times, has widened to 65 bps since the onset of the Covid-19 pandemic
The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints
Live news updates: Charanjit Singh Channi will be Congress's chief ministerial candidate in Punjab; Adani Group forms a new subsidiary to set up data centres
Their paper makes the point that creation of huge amounts of money by a central bank need not necessarily galvanise output.
A growth-oriented Union Budget bolstered the investors' confidence, pushing frontline indices 2.5% last week. The RBI's monetary policy meeting will be keenly tracked by the markets this week
The Reserve Bank of India's Monetary Policy Committee is set to meet this week. Will it hike the reverse repo rate -- at which the central bank absorbs the excess liquidity? Let's find some answers
Will RBI go for a hike in reverse repo rate? What is Tarun Bajaj's take on revenue estimates? What will marketers track in RBI's policy meeting? How capable are Rafale fighter jets? All answers here
Before the Union Budget projections for FY23, we had pencilled in a formal start of monetary policy normalisation in the forthcoming February review, with a small rise in the reverse repo rate