Reserve Bank of India kept interest rates steady at record lows but raised its inflation forecast and said it would normalise liquidity conditions. Watch the video to learn how some of the key announcements are going to create an impact on markets
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das
At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE
Economic activity has evolved broadly along expected lines: Shaktikanta Das
As focus remains more on fixing a fickle economy than on controlling stubborn price pressures, the Street is factoring-in a status quo on repo rate and 'accommodative' policy stance
RBI should give a near-term road map for policy normalisation
The RBI's 2021-22 growth forecast is likely to remain unchanged at 9.5 per cent year-on-year
Here are the top headlines on Monday morning
India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said
Zomato's major shareholders are set to make gains in the range of 50 per cent to 6,450 per cent with the company's IPO. More news in our morning wrap.
Data limitations should not be an escape clause for not honouring obligations under the inflation targeting regime
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative: former RBI governor D Subbarao
The central bank has managed the government's borrowing programme well, helping in liquidity.
On petrol and diesel prices, coordinated action by the states and the Centre is needed, says Governor Das
Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
The move impacted the sentiment a little bit and the 10-year bond yields rose 3 basis points from their previous close of 5.99 per cent
The RBI officials stated the MPC believes that inflation is 'not persistent' and that there is 'no thinking' about policy normalisation
In this podcast, we assess Street's reaction to RBI policy, how achievable do RBI's growth and inflation targets look, can additional liquidity measures help to relieve stress in the Covid hit sectors
In a bid to alleviate the adverse impact of the second wave of the pandemic on "contact-intensive sectors", RBI governor Shaktikanta Das announced a separate liquidity window of Rs 15,000 crore