RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
After scaling an all-time intra-day peak of 44,953.01, the 30-share BSE Sensex pared some gains to end 14.61 points or 0.03 per cent higher at 44,632.65
The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday
RBI will have to address the excess liquidity issue
The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system
Khara's comment comes only days before the monetary policy committee of the Reserve Bank of India (RBI), the country's central bank, is due to meet between Dec. 2 and Dec. 4
Some banks are even giving 10-15-year term loans at below bond market rates. There is no avenue to deploy the excess liquidity otherwise
As the yield curve is very steep, Bhatia expects returns in the near-term to be driven by demand-supply of bonds rather than prospects of change in repo rates
For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates
It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme
Helped by pent-up demand and inventory push ahead of the festive season, earnings growth in September quarter is anticipated to be better than June's performance
RBI to run 'accommodative' stance as long as necessary and even entering the next year
The official said as per data till October 7, 1692 incidents were reported by satellite imagery, but during field visits by PPCB officials no stubble burning was observed in 763 cases.
Stocks of housing finance companies gained ground post the RBI policy on Friday. Will the up move sustain? Here's what technical charts say
In recognition of the role of the real estate sector in generating employment and economic activity, the RBI has decided to rationalise the risk weights applicable to individual housing loans
With inflation targeting being the rule, the relentless high levels of CPI inflation were to be the barrier to any further cut in interest rates
Given inflation pressure, there is no doubt that it would be difficult for the MPC to cut rates in the near-term
While tax increases led to an increase in the prices of petroleum products, this could lead to broad-based cost push pressures through the transportation channel
Rising inflation, according to economists, is another cause for concern
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators