The Reserve Bank of India's three-day monetary policy committee (MPC) meeting ends on Friday. How will the markets react to the RBI Policy meet? What's priced in and what's not? Let's find out
Fiscal interventions are needed to boost demand and induce durable growth
The government's critics and loyalists are both wrong in the way they view economic data.
Here are the top BS Opinion articles of the day
The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate
Withdrawal of excess liquidity is akin to taking away the training wheels from a kid's bike. They help a kid maintain balance but don't teach how to ride
Analysts keen to see if more members of the six-strong monetary policy committee call for changing the stance to neutral: like Jayanth Varma did in August.
Now the issue is whether the repo rate in isolation is adequate in the absence of the corridor
'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
Central bank is risking making inflation entrenched with its easy money policy, says dissenting member of Monetary Policy Committee.
The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures, says RBI Governor
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
The Governor clearly stated that the RBI remains in 'whatever it takes' mode, referring to the desire to support the fledgling recovery
In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings
While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery
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