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

10:13 AM

RBI Monetary policy LIVE updates: Real GDP growth projected at 7.8% for 2022-2023

RBI Monetary policy LIVE updates: Real GDP growth projected at 7.8% for 2022-2023

10:11 AM

RBI Monetary policy LIVE updates: Continued policy support is warranted, says Das

RBI Monetary policy LIVE updates: Continued policy support is warranted, says Das

10:10 AM

OUTPUT BARELY ABOVE PRE-PANDEMIC LEVEL, says Shaktikanta Das

OUTPUT BARELY ABOVE PRE-PANDEMIC LEVEL, says Shaktikanta Das

10:09 AM

RBI Monetary policy LIVE updates: Reverse repo rate retained at 3.35%

RBI Monetary policy LIVE updates: Reverse repo rate retained at 3.35%

10:09 AM

RBI Monetary policy LIVE updates: RBI MPC maintains status quo, leaves repo rate unchanged at 4%

RBI Monetary policy LIVE updates: RBI MPC maintains status quo, leaves repo rate unchanged at 4%

10:06 AM

RBI Monetary policy LIVE updates: India is charting a different path to recovery, says Das

RBI Monetary policy LIVE updates: India is charting a different path to recovery: Das

10:05 AM

RBI Monetary policy LIVE updates: Inflation at multi-decadal in several countries, says Governor

RBI Monetary policy LIVE updates: Inflation at multi-decadal in several countries, says Governor

10:05 AM

RBI Monetary policy LIVE updates: Pandemic continues ot hold world hostage, says Shaktikanta Das

RBI Monetary policy LIVE updates: Pandemic continues ot hold world hostage, says Shaktikanta Das

10:04 AM

RBI Monetary policy LIVE updates: Shaktikanta Das addressed media

RBI Monetary policy LIVE updates: Shaktikanta Das addressed media

10:00 AM

RBI Monetary policy LIVE updates: Fighting inflation

While India’s consumer prices rose for a third straight month in December, the headline print is still within with the central bank’s 2%-6% target band -- allowing policy makers the room to look away as some global peers lift rates to fight inflation. Even then the RBI wouldn’t be falling behind the curve, Deputy Governor Michael D. Patra said last month.

 

9:55 AM

RBI MPC LIVE: Bond traders seek clarity on specific steps RBI plans to keep govt’s borrowing costs down

Bond traders will look for clarity from Das on specific steps the central bank plans to keep the government’s borrowing costs down.

9:51 AM

RBI Monetary policy LIVE: Shaktikanta Das to address media shortly

9:45 AM

Record debt, recovery support to keep rate hikes by RBI in slow lane

India’s central bank is set to stick with baby steps to policy normalization, as it is seized by the need to anchor borrowing costs for the government in addition to supporting a durable recovery in Asia’s third-largest economy.

 

Those objectives will likely make the benchmark interest-rate a sideshow at this week’s monetary policy review, which is due Thursday. The Reserve Bank of India will instead likely raise the reverse repurchase rate to cut down inflation-inducing liquidity in the banking system -- a signal that it’s committed to return policy to pre-pandemic settings.

 

But the key takeaway from Governor Shaktikanta Das’s address at 10 a.m. in Mumbai on Thursday will be how the RBI plans to support the government’s record 14.95 trillion rupee ($200 billion) borrowing plan in a market where demand is flagging. Read on...

9:37 AM

Will bond yield volatility affect RBI's policy decision?

Money markets have been nervous since the announcement of the Budget on February 01.
 

High borrowing numbers in the Budget as well as absence of any steps to facilitate global bond index inclusion roiled the domestic markets, pushing the yield on the benchmark debt to two-year high of 6.8%.
 

This comes at a time when global central banks – the US Federal Reserve and the European Central Bank – are looking to hike rates soon. Bank of England, on the other hand, has already hiked rates.
 

And, this edginess in the bond markets may make Shaktikanta Das’S task more challenging. India’s central bank may stick to baby steps for policy normalisation, as it is seized by the need to anchor borrowing costs for the government in addition to supporting a durable recovery in Asia’s third-largest economy. Read on...

8:34 AM

RBI monetary policy LIVE: RBI MPC has maintained key interest rates for a ninth straight meeting

RBI monetary policy LIVE: RBI MPC has maintained key interest rates for a ninth straight meeting