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

8:23 AM

RBI Monetary policy LIVE: Repo and reverse repo rates currently stand at 4% and 3.35%, respectively

Repo and reverse repo rates currently stand at 4% and 3.35%, respectively.

7:59 AM

Economy facing several headwinds emanating from mostly international factors, says Shaktikanta Das

Economy facing several headwinds emanating from mostly international factors, says Shaktikanta Das in an interaction with the media

7:56 AM

Here's what MPC may take into account before announcing its decision today

As the six-member Monetary Policy Committee (MPC) is set to announce the review of the policy on Thursday, all eyes are on whether the central bank will ‘formally’ start unwinding the ultra-loose monetary policy by hiking the reverse repo rate, thereby reducing the policy corridor (the gap between the repo and reverse repo rate).

 

The gap, which is 25 basis points (bps) during normal times, has widened to 65 bps since the onset of the Covid-19 pandemic.

 

The market widely expects the RBI to raise the reverse repo rate by 15-40 bps. There is also talk of a hike in the cash reserve ratio (CRR), because there may be a need for the RBI to conduct open market operations to infuse liquidity. Read on...