RBI MPC meeting: The RBI on December 8 kept its key lending rate at 6.50 percent for a fifth consecutive policy meeting.
The Monetary Policy Committee has so far remained on a growth-supportive stance to guard the economy from the ill-effects of the COVID-19 pandemic.
With the re-balancing of excess liquidity conditions having begun in August 2021, the RBI has now taken the next step on the policy normalisation path
The market expectations were divided on a reverse repo rate hike, however, the RBI chose to focus on managing the surplus liquidity through variable repo rate and variable reverse repo rate auction without disrupting market yields
RBI's Monetary Policy Meet will conclude on Feb 10. Ahead of the verdict, Karunya Rao chats with Saugata Bhattacharya, Chief Economist of Axis Bank, about what to expect from RBI Governor's commentary, MPC's policy stance, chances of a repo rate hike, and more.
The reverse repo rate - the interest rate banks earn for parking short-term funds at the RBI - is mostly expected to remain unchanged at 3.35 percent, but several economists have priced in a small increase as the central bank tries to normalise the gap between the lending and borrowing rate to pre COVID-19 levels.
The RBI may begin to raise rates from April 2022, “we see 100 basis points hike in rates in the next fiscal year”, CLSA India Economist Indranil Sen Gupta has said
According to Morgan Stanley economists Upasana Chachra and Bani Gambhir, the consumption recovery is most likely to pick up pace from first quarter of FY22 and private capital expenditure recovery to follow in H22.
Bank boards must clear the policy on offering moratorium on loans; RBI has approved it and the onus now remains on the banks, RBI Governor Shaktikanta Das told Cogencis in an interview. Read on for the key highlights
RBI Governor Shaktikanta Das, in a statement, permitted banks to allow a moratorium of three months on equated monthly instalment (EMI) payments
As expected there was no surprises from the monetary policy and it shows that the RBI remains data determined. The expectation is that they will remain on hold for the foreseeable future, said Sajjid Chinoy of JP Morgan.
In the current scenario, where the liquidity is awash, the RBI has effectively increased the rates without touching the repo rate by narrowing the policy corridor.
The Reserve Bank of India today kept the repo rate unchanged at 6 percent and hiked the reverse repo rate by 25 basis points to 6.25 percent.
The Reserve Bank left its benchmark lending rate unchanged at 6.25%, on April 6, 2017, for the third policy review in a row, citing upside risk to inflation. It however increased the reverse repo R
Central bank announces regulatory changes such as raising reverse repo to 6% and allowing banks to invest in REITs.
In a nutshell, the RBI is hawkish on inflation, bullish on growth, proactive on liquidity management and serious about non-performing assets (NPA) resolution.
The six-member monetary policy committee (MPC), headed by RBI governor Urjit Patel, Thursday maintained status quo on repo rate but revised the reverse repo rate upward by 25 basis points to 6 percent.
In its first monetary policy review in 2017, on February 8, the Reserve Bank of India (RBI) has decided to keep key rates unchanged. Accordingly, the repo rate at which it lends to the R
The RBI cut its policy rate by 25 basis points on March 19 for the second time since the start of 2013 to help revive flagging growth, but warned that scope for further policy easing was limited.
The RBI cut its policy rate by 25 basis points on March 19 for the second time since the start of 2013 to help revive flagging growth, but warned that scope for further policy easing was limited.
RBI had to choose between delaying the rate cut (to January-March 2013) maintaining its earlier stance of ruling out rate actions till headline (wholesale and retail) inflation stays at elevated levels keeping real interest rates low, and delivering the rate cut to support growth and to be seen with the Government during this crisis time.
Market-linked investments like Gilt Funds, Income Funds, NCDs etc share an inverse relationship with the interest rates. So a rise or cut of interest rates by RBI impacts their performance. Financial expert Shiv Kukreja enlightens on RBI monetary policy measures and its impact on fixed income investments.
The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.
In a bid to tame the inflation demon, the Reserve Bank of India on Monday dissapointed the market by keeping the policy repo rate unchanged at 8% in its mid-quarter monetary policy. The repo is the rate at which, banks borrow from the regulator. Accordingly, the reverse repo rate or the rate at which, banks lends money to RBI stands at 7%.