RBI MPC highlights: 2nd wave has moderated; expect demand to pick up
RBI Monetary policy highlights: Governor Shaktikanta Das announced decisions on key rates after the MPC concluded its three-day meeting today. Stay tuned for all the LIVE updates
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RBI monetary policy LIVE: The Reserve Bank of India's (RBI's) six-member monetary policy committee, headed by Governor Shaktikanta Das, on Friday kept the benchmark interest rate unchanged amid coronavirus uncertainty and fears over inflation.
The repo rate (lending rate) will continue at 4.00% and reverse repo rate (RBI’s borrowing rate) at 3.35%. With this, the repo rate has remained unchanged for a sixth consecutive time.
RBI revised FY22 real GDP growth projection to 9.5% — 18.5% in Q1, 7.9% in Q2, 7.2% in Q3 and 6.6% in Q4. “Unlike the first wave of Covid-19, where economy came to a standstill, economic impact during the second wave will be contained,” the RBI Governor said.
The projection for CPI-based inflation in FY22 is 5.1% — 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
The projection for CPI-based inflation in FY22 is 5.1% — 5.2% in Q1, 5.4% in Q2, 4.7% in Q3 and 5.3% in Q4.
Stay tuned for RBI Monetary policy LIVE updates
12:45 PM
MPC has taken conscious decision to focus on growth: RBI
Intervening only in sectors where we see stress, says RBI
12:43 PM
Hike in CPI inflation forecasts not important: RBI Governor Shaktikanta Das
Hike in CPI inflation forecasts not important: RBI Governor Shaktikanta Das
12:39 PM
Vital to Remain Focused: RBI Governor Shaktikanta Das
"Since the MPC’s April meeting, the second wave of Covid-19 has surged across several states and spread into smaller towns and villages, leaving a trail of human misery and tragedy in its wake. Yet in these days of trials and travails, it is vital to remain focused on vanquishing the virus," said RBI Governor Shaktikanta Das.
12:35 PM
Too premature to talk about policy normalisation, says RBI Guv
Too premature to talk about policy normalisation, says RBI Guv
12:32 PM
Too premature to talk about policy normalisation, says RBI Guv
Too premature to talk about policy normalisation, says RBI Guv
12:29 PM
Gilt yield curve inverted due to abundant liquidity: RBI Governor Shaktikanta Das
12:24 PM
There is nothing like 6% on 10-year bond is sacrosanct: RBI Guv
Remain focused on orderly evolution of yield curve: RBI Guv
12:24 PM
Inflation print gives up scope to step up liquidity operations: RBI Guv
Inflation print gives up scope to step up liquidity operations: RBI Guv
12:23 PM
RBI Monetary policy LIVE: 2nd wave has moderated; expect demand to pick up, says Guv Das
RBI Monetary policy LIVE: 2nd wave has moderated; expect demand to pick up, says Guv Das
12:19 PM
RBI will continue with regular liquidity ops, says Guv Shaktikanta Das
RBI will continue with regular liquidity ops, says Guv Shaktikanta Das
11:53 AM
RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism
The Reserve Bank of India (RBI) on Friday announced creating a special liquidity window of Rs 15,000 crore with a tenor of 3 years at the repo rate to provide liquidity support to the contact-intensive sectors hit by Covid-19.
The special liquidity window encourages banks to provide fresh lending support to hotels, restaurants, tourism, aviation ancillary services, and other services including private bus operators, car repair services, rent-a-car service providers, event/conference organizers, spa clinics, and beauty parlours/saloons.
These sectors have seen the biggest impact due to the second wave as authorities started imposing lockdown measures to curb the spread of the virus. Read on...
11:48 AM
RBI Policy highlights
Special liquidity facility of Rs 16,000 cr extended to Sidbi to support MSMEs
Banks to be allowed to restructure loans up to Rs 50 crore
RBI to conduct G-SAP of Rs 1.2 trillion in Q2
NACH facility to be available on all days of the week from August 1
11:40 AM
RBI Policy highlights
Repo rate unchanged at 4%
'Accommodative' stance retained
FY22 DGP forecast cut to 9.5% from 10.55
CPI inflation seen at 5.1% in FY22
10:35 AM
RBI Monetary policy LIVE updates: Rural regional banks can now issue certificates of deposit
RBI Monetary policy LIVE updates: Rural regional banks can now issue certificates of deposit
10:34 AM
RBI Monetary policy LIVE updates: RBI's focus turning to equitable distribution of liquidity
It will continue proactive and pre-emptive approach of transmission to return economy to growth: Das
Topics : Reverse Repo Rate Bank Rate Inflation Cash Reserve Ratio RBI RBI monetary policy Shaktikanta Das
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First Published: Jun 04 2021 | 8:14 AM IST
