MPC Meet Live Updates: Shaktikanta Das kept the repo rates unchanged at four per cent
Reserve Bank of India (RBI) Governor Shaktikanta Das announced the policy decision today, at the end of the scheduled review of the Monetary Policy Committee (MPC) that began on Monday, amid a surge in coronavirus cases and imposition of new restrictions to curtail the second wave of COVID-19 in India. This is the first bi-monthly monetary policy review for the new financial year 2021-22, as the country stares at another looming economic crisis, led by the steep rise of active COVID-19 cases. (AlsoRead: RBI Keeps Key Rates Unchanged, Says Recovery "Uncertainty" Due To Covid )
Even as the country has registered more than 8.4 crore COVID-19 vaccine doses cummulatively, as of April 6, yet, partial lockdown in some states and night curfew in the national capital have been announced to prevent the spread of the virus. Experts believe that the central bank will maintain the status quo on key policy rates, but may revise inflation projections.
Here are all live updates from today's RBI Governor Shaktikanta Das-led Monetary Policy Committee meeting:
RBI Monetary Policy LIVE: RBI Governor Shaktikanta Das To Address Post-Policy Press Conference
RBI Governor Shaktikanta Das will address a post-policy press conference at 12 noon today. The central bank Governor is expected to address queries related to the bi-monthly Monetary Policy Committee decisions taken today and other key decisions announced by the authority.
RBI Governor Shaktikanta Das will address a post-policy press conference at 12 noon today. The central bank Governor is expected to address queries related to the bi-monthly Monetary Policy Committee decisions taken today and other key decisions announced by the authority.
RBI Monetary Policy LIVE Updates: RBI Targets 5.2% Retail Inflation For First Half Of Fiscal
The Reserve Bank said it expects retail inflation at 5.2 per cent in the first half of the current fiscal and revised the downwards the target to five per cent for the quarter ended March. Headline inflation at five per cent in February 2021 remains within the tolerance band. RBI Governor Shaktikanta Das said that going forward, the food inflation trajectory will critically depend on the temporal progress of southwest monsoon in the 2021 season
MPC Meet Live Updates: Loan Limit Under Priority Sector Lending To Agri Sector Raised
The RBI increased the loan limit under priority sector lending (PSL) from Rs 50 lakh to Rs 75 lakh per borrower against the pledge/hypothecation of agricultural produce backed by the negotiable warehouse receipts or electronic NWRs (e-NWRs) issued by the warehouses registered with the Warehousing Development and Regulatory Authority. For the other warehouse receipts, the loan limit for classification under PSL will continue to be Rs 50 lakh per borrower.
RBI Monetary Policy Updates: Setting Up Panel To Review Asset Reconstruction Companies
The central bank proposed to set up a committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) and recommend measures to enable these entities to meet the growing requirements of the financial sector. ARCs play an important role for resolution of stressed sectors.
The central bank proposed to set up a committee to undertake a comprehensive review of the working of Asset Reconstruction Companies (ARCs) and recommend measures to enable these entities to meet the growing requirements of the financial sector. ARCs play an important role for resolution of stressed sectors.
RBI Monetary Policy LIVE: Enhancement of Limit of Maximum Balance for Payments Banks
RBI Governor Shaktikanta Das announced that in order to provide greater financial inclusion and to expand the ability of payments banks to cater to the growing needs of their customers, the current limit on maximum end of day balance of Rs 1 lakh per individual customer is being increased to Rs 2 lakh with immediate effect.
RBI Monetary Policy LIVE: NEFT, RGTS System To Be Extended Beyond Banks
RBI Governor Shaktikanta Das during the monetary policy review announced that centralised payment systems such as NEFT and RGTS will be extended beyond banks. Additionally, the interoperability among the full-KYC PPIs has been made mandatory, and cash withdrawal by full-KYC PPIs issued by non-bank users has been allowed.
RBI Governor Shaktikanta Das during the monetary policy review announced that centralised payment systems such as NEFT and RGTS will be extended beyond banks. Additionally, the interoperability among the full-KYC PPIs has been made mandatory, and cash withdrawal by full-KYC PPIs issued by non-bank users has been allowed.
RBI Monetary Policy Updates: TLTRO on-tap scheme extended by 6 months
RBI governor Shaktikanta Das announced that the Targeted Long-Term Repo Operations (TLTRO) has been extended by six months to September 30, 2021.
RBI Monetary Policy LIVE: Rs 1 lakh crore G-Sec Acquisition Programme Announced
During the monetary policy statement, RBI Governor Shaktikanta Das announced the secondary market Rs 1 lakh crore G-Sec acquisition programme 1.0.
RBI Monetary Policy LIVE: Liquidity support of Rs 50,000 Crore to NABARD, NHB, and Sidbi
RBI Governor-led Monetray Policy Commitee announced Rs 50,000 crore additional liquidity facility to NABARD, NHB and SIDBI for fresh lending during fiscal 2021-22.
RBI Governor-led Monetray Policy Commitee announced Rs 50,000 crore additional liquidity facility to NABARD, NHB and SIDBI for fresh lending during fiscal 2021-22.
MPC Meet Live Updates: RBI Retains GDP Growth At 10.5% For Fiscal 2021-22
RBI Governor Shaktikanta Das announced that the Monetary Policy Committee kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. The real GDP growth is projected at 22.6 per cent in first quarter of fiscal, 8.3 per cent in second quarter,
5.4 per cent in third quarter, and 6.2 per cent in the fourth quarter
RBI Monetary Policy LIVE: Reserve Bank To Ensure Ample Liquidity In System
The central bank announced in its monetary policy review to ensure ample liquidity in the system so that the production sector gets adequate credit. RBI Governor Shaktikanta Das announced that Reserve Bank has conducted five open amrket operations in March 2021 to ensure ample liquidity in the market as well.
The central bank announced in its monetary policy review to ensure ample liquidity in the system so that the production sector gets adequate credit. RBI Governor Shaktikanta Das announced that Reserve Bank has conducted five open amrket operations in March 2021 to ensure ample liquidity in the market as well.
RBI Monetary Policy Updates: RBI Maintains Status Quo For Fifth Time In A Row
RBI Governor-led Shaktikanta Das maintained the status quo fifth time in a row on key policy rates and sustained the accommodative stance till economic recovery is achieved.
RBI Governor-led Shaktikanta Das maintained the status quo fifth time in a row on key policy rates and sustained the accommodative stance till economic recovery is achieved.
RBI Monetary Policy LIVE: Monetary Policy Committee Keeps Lending Rates Unchanged
The Reserve Bank's monetary policy maintained the repo rates - the key interest rates at which the RBI lends money to commercial banks - steady at a 19-year low of four per cent. The reverse repo rate - the rate at which RBI borrows money from banks, was also unchanged at 3.35 per cent.
The Reserve Bank's monetary policy maintained the repo rates - the key interest rates at which the RBI lends money to commercial banks - steady at a 19-year low of four per cent. The reverse repo rate - the rate at which RBI borrows money from banks, was also unchanged at 3.35 per cent.
RBI Monetary Policy LIVE: RBI Governor Shaktikanta Das Begins Monetary Policy Address
RBI Governor Shaktikanta Das began addressing the monetary policy statement at 10:00 am on Wednesday, April 7. A post policy press conference will be telecast at 12:00 noon today
RBI Governor Shaktikanta Das began addressing the monetary policy statement at 10:00 am on Wednesday, April 7. A post policy press conference will be telecast at 12:00 noon today
RBI Monetary Policy LIVE: Shares Inched Higher On Wednesday
Shares inched higher on Wednesday, ahead of the central bank decision that could leave interest rates at record lows, as a second surge in domestic coronavirus cases sparked fears about the impact on economic growth. The Reserve Bank of India slashed its main repo rate by 115 basis points since March 2020 to cushion the impact of the COVID-19 pandemic. Economists had expected the RBI to start normalising policy or unwind the large scale rupee liquidity in the banking system in the June quarter or latest by September quarter.
RBI Monetary Policy LIVE: GDP Growth Projections By Monetary Policy Committee
In the last bi-monthly meet in February, the central bank expected the gross domestic product (GDP) growth to be at 10.5 per cent in fiscal 2021-22. Experts believe that the Reserve Bank may revise its inflation projections for the new fiscal amid a surge in coronavirus cases due to the second wave of COVID-19 in the country.
In the last bi-monthly meet in February, the central bank expected the gross domestic product (GDP) growth to be at 10.5 per cent in fiscal 2021-22. Experts believe that the Reserve Bank may revise its inflation projections for the new fiscal amid a surge in coronavirus cases due to the second wave of COVID-19 in the country.
RBI Monetary Policy Updates: RBI May keep Key Policy Ratess Unchanged: Experts
In a recent poll by news agency Reuters, 65 of 66 economists surveyed said the RBI's monetary policy committee (MPC) will leave the key policy rates unchanged amid a surge in Covid-19 cases in the country. Similarly, economists surveyed by Bloomberg on Monday expect the six-member MPC to keep the repurchase rate unchanged at four per cent.
In a recent poll by news agency Reuters, 65 of 66 economists surveyed said the RBI's monetary policy committee (MPC) will leave the key policy rates unchanged amid a surge in Covid-19 cases in the country. Similarly, economists surveyed by Bloomberg on Monday expect the six-member MPC to keep the repurchase rate unchanged at four per cent.
RBI Monetary Policy LIVE: RBI Governor To Deliver Monetary Policy Address At 10:00 AM
Reserve Bank of India (RBI) Governor Shaktikanta Das will deliver the Monetary Policy review statement at 10:00 am today. The central bank Governor will also address a pots-policy press conference at 12 noon
Reserve Bank of India (RBI) Governor Shaktikanta Das will deliver the Monetary Policy review statement at 10:00 am today. The central bank Governor will also address a pots-policy press conference at 12 noon
