In line with the Budget announcement, RBI governor Shaktikanta Das said that central bank digital currency (CBDC) will be launched in the next fiscal year
At the post policy meeting with media persons, Governor Das said, the investors who invest in cryptocurrencies should keep in mind that they are doing so at their own risk
Repo rate unchanged at 4%; stance 'accommodative'
The rates - whether repo or reverse repo - present a particular stance. They are reflective of the stance adopted by the RBI, said RBI Governor Shaktikanta Das
RBI's decision to raise limits under the Voluntary Retention Route (VRR) will provide additional sources of capital for the domestic debt market, according to market players
The RBI policy statement of status quo has a clear distinction between policy strategy and policy stance and can coexist simultaneously
Monetary policy will not drive growth
The Reserve Bank on Thursday came out with its master directions for credit derivative transactions, a year after it released the draft guidelines.
RBI's additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday.
The new timings for the fixed rate reverse repo operations and MSF operations will be from 1730 hrs to 2359 hrs, said RBI in a statement
In the previous fortnight ended January 14, bank credit had risen by 8.01 per cent and deposits by 9.28 per cent
'Our assessment and the resultant policy move are fully-geared by the evolving domestic inflation and growth scenarios'
In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022
Housing demand increased by around 50-70 per cent during the last calendar year across 7-8 major cities on various factors such as low interest rates on home loans
RBI has been watchful of the impact of the pandemic on the banking and NBFC sectors when the effects of regulatory reliefs and resolutions fully work their way through said Shaktikanta Das
The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4
In November last year, the working group on digital lending, including lending through online platforms and mobile apps, had submitted their recommendations
The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das
Rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05 against the greenback
RBI has announced the decision of the MPC to keep the major policy repo rate at 4 per cent and reverse repo rate at 3.35 per cent unchanged