Parliament LIVE: UPA term was India's 'andhkaal', says FM Sitharaman

Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman

10:51 AM

Guv Shaktikanta Das quotes Lata Mangeshkar and Gandhi in closing message

Closing his speech, Governor Das cited late Lata Mangeshkar saying her song 'Aaj phir jeena kee tamana hai' encapsulates what the RBI has been trying to do. We, in the RBI, have remained steadfast in ensuring trust in domestic financial system, Das said. This has been an anchor in ocean of uncertainty, he added. Closing with words of Mahatma Gandhi, Das said that "satisfactisfaction lies in the effort. Full effort is full victory."

10:44 AM

RBI Monetary policy LIVE updates:Voluntary Retention Route For Bond Investments

The RBI has hiked the limit for inflows under the Voluntary Retention Scheme to Rs 2.5 lakh crore from Rs 1.5 lakh crore. This will provide additional sources of capital for domestic debt markets, including government securities, the RBI said. This route allows foreign portfolio investors easier terms and conditions should they be willing to park their funds for a specified period of time. The facility has mostly been used in the corporate bond category.

10:43 AM

RBI Monetary policy LIVE updates: Enhancement Of Cap Under E-Rupee

The RBI has enhanced the cap on e-rupee vouchers from Rs 10,000 to Rs 1 lakh. These vouchers can now be used more than once. The e-rupee had been launched last year by the NPCI.

10:37 AM

RBI Monetary policy LIVE updates: Liquidity Policy

Variable rate repo operations of varying tenors will be conducted as and when warranted, Das said. Variable rate repo and variable rate reverse repo auctions of 14 days tenor will operate as the main liquidity management tool. With effect from March 1, fixed rate reverse repo and MSF operations will be available between 5:30 PM till 11:59 PM on all days, he announced.

10:32 AM

VRRR of varying tenors will be conducted whenever warranted: Governor Shaktikanta Das

VRRR of varying tenors will be conducted whenever warranted: Governor Shaktikanta Das

10:32 AM

RBI Monetary policy LIVE updates: VRRRs have become the main option for managing liquidity

Effective reverse repo rate rose from 3.37 per cent in August 2021 to 3.87 perc ent in February 2022.

10:31 AM

BI Monetary Policy LIVE: Record levels of Gilts and corporate bonds were issued during the Covid-19 pandemic

BI Monetary Policy LIVE Updates: Record levels of Gilts and corporate bonds were issued during the Covid-19 pandemic

10:28 AM

Food inflation remains elevated, private consumption still lagging, says RBI guv Shaktikanta Das

Food inflation remains elevated, private consumption still lagging, says RBI guv Shaktikanta Das

10:26 AM

RBI Monetary policy LIVE updates: Inflation Target

FY23 inflation target reduced to 4.5%

Capacity utilisation is rising, aiding in investment demand. RBI maintains CPI inflation forecast of 5.3 per cent for FY22. RBI forecasts FY23 CPI inflation at 4.5 per cent. RBI forecasts Q1FY23 CPI at 4.9 per cent, Q2 at 5 percent, Q3 at 4 per cent and Q4 at 4.2 per cent. CPI is in-line with expectations and food prices easing to add to the optimism, Hardening crude oil prices is a major upside risk. Transmission of costs remains muted on slack in demand. Banks should strengthen governance and risk management, says Governor Shaktikanta Das 

10:25 AM

RBI Monetary policy LIVE updates: System liquidity remains in large surplus, says Shaktikanta Das

System liquidity remains in large surplus, says Shaktikanta Das

10:24 AM

CPI inflation expected to moderate closer to 4.00 per cent target in second half of FY23

RBI Monetary Policy LIVE Updates: CPI inflation expected to moderate closer to 4.00 per cent target in second half of FY23 and provide room for monetary policy to remain accommodative. GDP growth projected at 7.8 per cent for FY23. It is projected at 7.2 per cent for Q1, 7 per cent for Q2, 4.3 per cent for Q3, and 4.5 per cent for Q4. CPI inflation forecast for FY22 is retained at 5.3 per cent: Governor Shaktikanta Das 

10:22 AM

RBI Monetary policy LIVE updates: India to grow at fastest pace in world, says RBI Governor

RBI Monetary policy LIVE updates: India to grow at fastest pace in world, says RBI Governor

10:22 AM

RBI Monetary policy LIVE updates: RBI has turned to rebalance liquidity

RBI Monetary policy LIVE updates: RBI has turned to rebalance liquidity

10:18 AM

RBI Monetary Policy LIVE: We have made effort to limit disruption to economic activity, says Shaktikanta Das

RBI Monetary Policy LIVE Updates: We have made effort to limit disruption to economic activity. While CPI edged higher, it is along expected lines. Core inflation remains elevated and headline inflation is expected to peak in Q4FY22, and turn moderate in H2GY23. Continued policy support is warranted for durable, broad-based recovery: RBI Governor Shaktikanta Das 

 

10:16 AM

RBI Monetary policy LIVE updates: CPI inflation pegged at 4.5% for 2022-23

RBI Monetary policy LIVE updates: CPI inflation pegged at 4.5% for 2022-23