Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
This time, RBI's rate-setting body is not only talking about sustaining growth but also reviving it
The RBI on Friday left the repo rate unchanged at 4 per cent
RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates
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. >
Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude
RBI governor Shaktikanta Das says repo rate remains unchanged at 4 per cent, reverse repo rate at 3.35 per cent; MSF and bank rate kept unchanged at 4.25%
Government must now step up expenditure to boost demand for private investment and consumption, said RBI
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
The PSB chiefs, who met Das last week on the same issue, demanded a second recast option for those already restructured last year
RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses
RBI Governor urges banks to continue focusing on enhancing resilience of their balance sheets
The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations
Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures
Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
On tap liquidity for SFBs to address needs of small borrowers
Central bank announces scheme allowing banks to support vaccine manufacturers, medical facilities, hospitals in Covid-19.
The signal really given by the RBI is that while it does believe today that things have not taken a turn for the worse as all enterprises are better prepared than last year while facing lockdowns
Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown
Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter