The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures for industry
Banks unwilling to take on credit risk in their balance sheets beyond a point, says central bank governor
By resorting to the two-step OMOs, the RBI is managing the yield at both the shorter as well as the longer end
International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue to be non-functional
Lenders to face central bank's censure; board meet in May seen leading to fresh measures
Experts say while the decision is positive, it may not make any significant contribution
RBI tries to discourage banks from sitting on their liquidity, makes it mandatory to lend to small and medium NBFCs money raised from liquidity window
This has been done to stop lazy banking. Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income
Business Standard brings to you a snapshot of important events of the day.
All that happened in the markets today
Among other important announcements, he announced a reduction in reverse repo rate by 25 basis points from 4 per cent earlier to 3.75 per cent now
The RBI has indicated that it expects inflation to come down by September, which means that more rate cuts are in the offing
RBI governor is walking a tightrope, says a former chief statistician
Earlier, the RBI had reduced the repo rate to a 15-year low of 4.40 per cent by announcing a steep cut of 75 basis points on March 27, only two days after the national lockdown was imposed
RBI Governor Shaktikanta Das' media address at 10 am will remain a big focus today for investors who will also digest reports of an imminent second stimulus package
As India manages life under a 21-day lockdown, the government and the RBI have moved to help the economy and the poorest. A look at who gains from these moves and who loses out
Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan
No one cares about fiscal deficit now. Or for that matter, inflation. The focus is on growth and growth alone
RBI's steps will help in smooth functioning of financial markets
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