RBI keeps interest rates unchanged, announces measures to support economy
RBI decided to leave the benchmark interest rate unchanged at 4 per cent
Nifty Bank is expected to touch 36,600 levels, as per the technical chart
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. >
Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future
RBI's monetary policy committee will likely keep the repo rate unchanged at 4% for a sixth straight meeting
Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts
MPC minutes show one member saw little merit in continuing with central bank's forward guidance
The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819
RBI should not undermine the price and financial stability objectives
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
Indian shares inched higher on Wednesday, ahead of a RBI decision that could leave interest rates at record lows, as a surge in coronavirus cases sparked fears about the impact on economic growth
Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market
Business Standard brings you top news of the evening
This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps
The other signals expected from the policy related to the rollback of measures announced during the pandemic
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI