'Today RBI has taken giant steps to safeguard our economy from the impact of the Coronavirus,' said PM Modi
Domestic brokerage Emkay congratulated policymakers for acting earlier than other countries, but rued that there is not much to cushion the economic impact
In India, growth outlook over the next couple of quarters has become more uncertain on the prospects of a global recession and severe investor risk aversion.
RBI governor Shakikanta Das announces US dollar sell/buy swap and Long Term Repo Operation.
If Guc Das announces a rate cut, it will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016
"The monetary policy framework is in operation for three and a half years. We have initiated a process of internal review of how the monetary policy framework has worked," Das said.
RBI move to exempt banks from maintaining CRR may free up to Rs 2 trn for lending to retail and MSME segments, says ICRA
RBI's focus now is on improving transmission and lending
From Emami cement business sale to govt diktat to pharma associations, Business Standard brings you the top headlines of the day
Business Standard Opinion pieces for the day talk about RBI's decision and other issues related policy and politics.
The central bank also withdrew daily fixed rate repo and four 14-day term repos every fortnight being conducted presently
The thrust of RBI's announcements was towards altering the liquidity and macro-prudential frameworks to ensure better monetary policy transmission
Earlier, the RBI decided to hold rates as widely expected and affirmed to stick to the accommodatory stance for as long as it is required to boost growth
Bharti Airtel has joined the elite club of Rs 3-trillion market capitalization as shares of the telecom services provider hit a new high of Rs 550
The committee voted 6-0 in favour of the status quo on the interest rates.
The sixth bi-monthly monetary policy statement of RBI for 2019-20 would be the last one for the current financial year
After the 7.35 per cent December CPI inflation print, we expect the January inflation once again to be close to 7 per cent, and then recede down to around 6 per cent for some months
Goldman Sachs said the central bank will shift the stance of the monetary policy to "neutral" from "accommodative" at this week's review
Patra wrote the monetary policy framework, which targets flexible inflation targeting, and is the basis of the six-member MPC in which Patra is a member
Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall