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Oct 09, 2020 10:40 AM IST | Source: Moneycontrol.com

RBI Monetary Policy LIVE Updates | Governor Das announces round-the-clock availability of RTGS from December 2020

RBI Monetary Policy LIVE Updates: Stance also kept "accomodative" for as long as needed, to support growth, said RBI Governor Shaktikanta Das

RBI Monetary Policy LIVE Updates: The Reserve Bank of India's Governor Shaktikanta Das announced the Monetary Policy Committee (MPC)'s decisions at 10.00 am today. The newly-constituted MPC of the central bank began its three-day deliberations on October 7, amid speculation that it will maintain status quo on the benchmark lending rates in view of hardening inflation. The meeting of the six-member panel, earlier scheduled for September 29-October 1, was rescheduled after appointment of independent members was delayed. In its August meet, the MPC left the repo rate unchanged at 4 percent and reverse repo rate at 3.35 percent. Since February 2019, the MPC has cut repo rate by a steep 250 basis points. Catch the latest LIVE updates here:
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  • October 09, 2020 09:36 AM IST

    RBI Monetary Policy | Watch LIVE here
    Watch out for Bi-monthly Monetary Policy address by RBI Governor Shaktikanta Das at 10:00 am on October 09, 2020 

  • October 09, 2020 10:40 AM IST

    RBI Monetary Policy LIVE | RBI Monetary Policy Committee proposes round-the-clock availability of RTGS from December 2020. Payment system operators will be licensed on a perpetual basis: RBI Governor Shaktikanta Das 

  • October 09, 2020 10:38 AM IST

    RBI Monetary Policy LIVE | RBI will allow banks to increase exposure to retail and small borrowers up to Rs 7.5 crore. The central bank is also rationalising risk weights for all new housing loans till March 31, 2022 and extending scheme for co-lending to all non-banking financial companies (NBFCs) and housing finance companies (HFCs): RBI Governor Shaktikanta Das 

  • October 09, 2020 10:36 AM IST

    RBI Monetary Policy LIVE | RBI will dscontinue the system-based caution listing of exporters: RBI Governor Shaktikanta Das 

  • October 09, 2020 10:34 AM IST

    RBI Monetary Policy LIVE | RBI will extend Held to Maturity (HTM) cap hike till March 31, 2022. The central bank will also conduct open market operations (OMOs) in state development loans (SDLs). These OMOs will rationalise their spread over government securities (G-Secs). RBI doing OMOs of state G-Secs is a brave approach to manage borrowing: RBI Governor Shaktikanta Das 

  • October 09, 2020 10:31 AM IST

    RBI Monetary Policy LIVE | RBI to conduct on tap TLTRO of Rs 1 lakh crore at floating rates linked to repo rate. TLTRO funds to be deployed in corporate bonds, debentures: RBI Governor Shaktikanta Das 

  • October 09, 2020 10:28 AM IST

    RBI Monetary Policy LIVE | MPC has decided to look through the current inflation as a transient hump: RBI Governor Shaktikanta Das 

  • October 09, 2020 10:27 AM IST

    RBI Monetary Policy LIVE | Augmented borrowing forced by fiscal stimulus and falling tax revenue. Market participants need to factor in RBI signals while buying bonds. We expect retail inflation to remain elevated in September and expect ease over Q3 and Q4. Aggregate demand remains subdued: RBI Governor Shaktikanta Das 

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