Banks lift Sensex 390 pts, Nifty reclaims 16,700; Ultratech Cement up 5%

CLOSING BELL: Ultratech Cement, Grasim, UPL, HDFC, HDFC Bank, Eicher Motors, and ICICI Bank were the top gainers, ralling over 2 per cent each

11:33 AM

India has achieved all milestones under COP26: RBI Governor

>> Sufficient priority has been given to climate change initiatives

11:31 AM

Rupee fall squeezes India's liquidity position, says RBI Governor

>> Leakage of liquidity takes place as currency depreciates

>> Policy rate hike casts a spillover effect into hike in deposit rates

11:31 AM

Rupee trade settlement an additional facility to importers & exporters: RBI Guv

>> Its too early to say its impact, but it has good potential

11:30 AM

Banks will slowly increase deposit rates with hikes in policy rates: RBI Guv

11:29 AM

Household savings picking up; rising credit growth impacts liquidity to some extent: RBI Guv

11:28 AM

Imported-inflation a major concern for India: RBI Governor

>> The rising crude oil prices inflates India's import bill

>> The rupee depreciation contributes to imported-inflation

>> Wheat inflation in global markets impacted domestic prices as well

11:27 AM

RBI Guv: Monetary policy also addresses currency-led inflation

11:26 AM

As a regulator, have to ensure financial stability without interfering with banks' activities: RBI Guv

<< There is room for constant improvement for banks

<< In terms of risk management, governance, banks are in a posiiton to move forward, we dont intend to interfere

<< As a regulator, only have to ensure financial stability is maintained

 

<< Have to keep watching developments in individual banks to see they remain robust all the time

11:14 AM

Targeting balanced demand-supply conditions through monetary policy: RBI Guv Das

11:13 AM

RBI Guv: Our objective is to anchor inflation expectations

11:13 AM

RBI on economy and inflation

>> Russia-Ukraine War has reacted new challenges

 

>> Targeting soft landing of Indian economy

 

>> Trying to achieve inflation target of 4%

11:12 AM

Rural demand showing signs of recovery: RBI governor

>> Sale of passenger vehicles and tractors reflects positive development

>> We will ensure a soft-landing for the Indian economy

>> New challenges emerged after the Ukraine war 

>> Striving to bring inflation rate close to 4% over a period of time

11:12 AM

RBI Guv at BOB banking conclave: Our endeavour is to ensure 'soft landing' for Indian economy

>> Will ensure controlling of inflation, with least sacrifice on growth

11:11 AM

RBI Guv: High-Frequency indicators looking very positive

<GST, e-way bills strong

<Aggregate demand has improved

< Urban demand strong, rural demand picking up

 

11:10 AM

RBI Guv at BOB banking conclave: Current priority is inflation, followed by growth

>> GST collections, e-way bills, aggregate demand reflecting healthy Indian economy