RBI Governor Shaktikanta Das and Deputy Governors Michael Debabrata Patra and T Rabi Sankar spoke to the media on several issues
Rate sensitives' like auto, financials and real-estate shares logged smart gains in trade on Wednesday
We foresee hikes of 25 bps each in the repo and reverse repo rates each in the April 2022 and June 2022 reviews
Variable rate reverse repo auction seems to be the central bank's mode to fine tune excess liquidity.
RBI said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval
Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio
Rate sensitive shares are likely to be in focus owing to the RBI policy meet outcome
The broader indices also surged over a per cent each, and gainers outnumbered losers in 2.5:1 ratio
The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the side of caution and hold on to rates for now
Bond market participants are factoring in a reverse repo hike
RBI should not stop the normalisation process
The unions had planned stepping up their protest by going on mass casual on November 30.
A Reserve Bank committee has come out with a host of suggestions including the creation of online platform for the sale of stressed assets
"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said
Higher liquidity is not helping the real economy
Retains accommodative stance, FY22 growth forecast; lowers inflation projection
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
Squeezing of liquidity and the likely hardening of bond yields may have a near-term "sentiment" effect on the BFSI sector; overall the policy should not have too much bearing on the equity markets
The RBI has calendarized its VRRR auction and stands ready to enhance its duration. This is the first sign of preparing the market for an eventual increase in the reverse repo rate.