In terms of macro data, PMI data for the manufacturing sector is scheduled to be released on Thursday
The S&P BSE Sensex slipped 1,310 points from the day's high to close marginally negative on Friday post the RBI's measures
No one cares about fiscal deficit now. Or for that matter, inflation. The focus is on growth and growth alone
Read what extrapolated policy prescriptions are predicated on. Uddalok Bhattacharya sums up
RBI's steps will help in smooth functioning of financial markets
Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter
With branches and call centres working with skeletal staff, communicating to customers and documenting the process are key challenges
RBI has expanded liquidity in the system sizably to ensure financial markets and institutions are able to function normally, in the face of Covid-related dislocation
Cloudy earnings outlook in the coming quarters is likely to play spoilsport
The Union Bank CEO said that the RBI's package would help in sustaining business at a time when a 21-day nationwide lockdown to stop the spread of the COVID-19 virus
SBI also cut interest rates on retail term deposits by 20-50 bps. For bulk deposits, the cut was steeper, by 50-100 bps, due to huge liquidity in the system
Repo down to 4.4%; reverse repo reduced by 90 basis to 4%; CRR lowered by a percentage point to 3%; inflation and growth forecast not given as they would depend on the extent of the coronavirus crisis
There are many scary scenarios about how badly we Indians may be affected or how many killed by COVID-19. But they presume 1.36 billion people will do nothing to influence their fates
The uncertainty is sufficiently large that RBI was dissuaded from releasing projections of growth and inflation for FY21
The GDP growth rates given in the chart are based on the 2011-12 base year
'The demand is that all EMI due dates must be automatically deferred,' he said
The moratorium is for three months on payment of all instalments due between March 1, 2020, and May 31, 2020, including credit card payments
The central bank is tight-lipped on its intervention strategy, but it is suspected that it recently intervened in a huge amount in the offshore markets
No one expected a CRR cut at this time; 75 basis points cut in the policy rate at one shot has also been more than what most had expected
Issuing the detailed instructions on the moratorium announcement later in the day, the RBI said, The instalments include payments falling due from March 1 to May 31