Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
Numbers are paramount, what our assessment of the incoming data is, and how we see the incoming data, Das said
This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment
According to the RBI, the move is aimed at diversification of risk and encourages innovation and competition
Foreign investment in strategic sectors main worry
FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical
Perceptions on the general situation and employment softened, finds survey
RTGS is mostly used for transactions above Rs 2 lakh. The RBI added it will facilitate the creation of a central payment fraud registry for tracking payment system frauds
There are limits to what monetary policy can achieve
Reserve Bank of India underlines importance of looking at liabilities of stressed assets comprehensively
The Reserve Bank of India on Wednesday decided to reduce the repo rate by 35 bps to 5.40 per cent
Further rate cuts are contingent on the non-banking financial company sector recovery prospect
Last month, the banking regulator had scrapped the levy on online transactions such as NEFT to make the transfer of funds cheaper
The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019
Nifty Auto, PSU Bank and Realty indices were trading red in the range of 0.13% to 1%, while Nifty Private Bank and Nifty Bank index up 0.67% and 0.37%, respectively, against an unchanged Nifty50.
He has since steered the bank on to a conservative path, eschewing needless risks. He's been candid enough to admit that the exposure to infrastructure sector in the past proved to be an Achilles heel
RBI alone will not be able drive economic recovery
Lending rates did not move down much after the first two rate cuts of 2019
Past evidence has proven that transmission works best when there is positive banking system liquidity during rate cuts and tight liquidity during rate hikes
... between a harder forward premium and a sharp decline in the domestic rates