With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US
RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates
MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.
The Reserve Bank of India (RBI) kept interest rates steady at record lows on Friday and reiterated its commitment to keeping policy accommodative as a ferocious second wave of Covid-19 infections threatens to derail the country's economic recovery. RBI Governor Shaktikanta Das said all six members of the MPC voted in favour of keeping rates on hold and maintaining an accommodative monetary policy stance. Watch the video for all the key announcements. >
Relief meant for 'contact-intensive sectors' that have been pulled down due to coronavirus
RBI governor Shaktikanta Das says repo rate remains unchanged at 4 per cent, reverse repo rate at 3.35 per cent; MSF and bank rate kept unchanged at 4.25%
Bank stocks such as HDFC Bank, State Bank of India (SBI), RBL Bank, Bandhan Bank and Punjab National Bank slipped nearly 1 per cent each
Our top headlines on Friday track the latest developments
Here's a selection of Business Standard opinion pieces for the day
Structurally, it's a well-crafted policy. But like in cricket and politics, things can change dramatically for a central bank in a very short time
Central bank acknowledges further interest cuts unlikely as a recent rollback of small savings rate cut showed.
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
We are giving up this discretion to give an explicit assurance to the markets that we will assist them in the conduct of the borrowing programme, said Patra
One challenge that the RBI might have to face in FY22 is the movement in exchange rate
Payment banks can now hold Rs 2 lakh instead of Rs 1 lakh as end-day balance per customer
The rationale behind this move is to level the playing field between banks and non-banks PPI issuers
It is only next year when RBI expects growth to increase to 6.8 per cent that repo rate will be raised
The Reserve Bank of India has retained the economic growth projection for the current financial year at 10.5%. In a statement after the first Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said the recent surge in Covid-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. In this comprehensive video, we have compiled all the important announcements in eleven different points. Watch it now.
RBI Monetary policy: RBI today decided to keep rates unchanged today amid rising inflation, lockdowns and Covid surge. Stay tuned for all the LIVE updates
The Reserve Bank of India (RBI) has expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The Monetary Policy Committee (MPC) also kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. Watch the video for the major highlights of RBI Governor Shaktikanta Das's statement on policy.