RBI Monetary Policy LIVE Updates: Monetary Policy Panel Votes Unanimously To Hold Key Rates

Shaktikanta Das On RBI Monetary Policy Latest News Updates: The latest meeting is a second straight scheduled review of the RBI's policy, following emergency meetings in March and May - instead of April and June - and comes at a time the country's macroeconomic situation is changing rapidly.

RBI Monetary Policy LIVE Updates: Monetary Policy Panel Votes Unanimously To Hold Key Rates

RBI Monetary Policy: The central bank had originally scheduled its policy review on September 29-October1

Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee decided to hold key policy rates unchanged at existing levels on Friday amid high inflation. Three new external members in the panel voted in today's decision. The RBI Governor said the MPC voted unanimously to retain rates at existing levels. The RBI has already reiterated its commitment to stay "accommodative" for as long as necessary to revive an already-slowing economy, now battling the fallout from the coronavirus pandemic. 

Here are latest updates of the RBI's bi-monthly policy:

Oct 09, 2020 10:06 (IST)
MPC Votes Unanimously To Hold Key Policy Rates
Newly-appointed Monetary Policy Committee voted unanimously to leave repo rate unchanged at 4%, said RBI Governor Shaktikanta Das
Oct 09, 2020 10:06 (IST)
RBI Holds Key Policy Rates At Existing Levels As Expected
The Reserve Bank of India's Monetary Policy Committee decided to hold key policy rates at existing levels amid high inflation. Three new external members in the panel voted in today's decision.
Oct 09, 2020 09:36 (IST)
RBI Governor Shaktikanta Das To Address Media At 10:00 AM
RBI Governor Shaktikanta Das will address the media at 10 am today. 

All eyes will be on any hints of further monetary easing in the coming months, at a time when global financial markets are divided over the prospect of further stimulus to support economies against COVID-19. 

Oct 09, 2020 09:35 (IST)
Sensex, Nifty Mildly Up Before RBI Policy Decision; Financial Stocks Rise
Domestic equity markets began the day with mild gains amid buying across sectors. The S&P BSE Sensex index added more than 100 points to climb above the 40,322.14 mark, and the broader NSE Nifty 50 benchmark moved above the 11,850 level. Banking, financial services and metal stocks led gains across sectors in early trade.  (Track Markets Here)

Oct 09, 2020 09:32 (IST)
MPC's 3 New Members To Vote In Today's Decision
The RBI's Monetary Policy Committee has three new external members: Ashima Goyal, a member of PM Narendra Modi's economic advisory council, Shashanka Bhide, a senior advisor at think-tank National Council for Applied Economic Research, and Jayanth Varma, a finance and accounting professor at IIM Ahmedabad. 


Oct 09, 2020 09:31 (IST)
RBI Widely Expected To Hold Policy Rates
Most economists expect the RBI to keep policy rates unchanged at existing levels, as inflation has remained above its comfort zone for five straight months, amid a jump in food prices, despite strategic removal of COVID-19-related restrictions. (Read More On What To Expect From RBI Today)


Oct 09, 2020 09:29 (IST)
MPC Decision On Rates To Be Out Soon
The RBI's Monetary Policy Committee will shortly reveal its decision at the end of a bi-monthly review that began on Wednesday. The central bank's Monetary Policy Committee - which has three new members: Ashima Goyal, Shashanka Bhide and Jayanth Varma - is widely expected to retain key policy rates at existing levels amid elevated levels of retail inflation and a record plunge in economic growth. 
RBI policyShaktikanta Das

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