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Wednesday, March 27, 2024
TopicMonetary policy

Topic: monetary policy

RBI leaves key policy rate unchanged, retains GDP projection at 9.5% for FY22

This is the ninth time in a row that the MPC has maintained the status quo. RBI had last revised its policy repo rate on 22 May 2020 in an off-policy cycle to perk up demand.

RBI keeps repo rate unchanged at 4% for 7th time in a row

RBI Governor Shaktikanta Das says Monetary Policy Committee unanimously decided to continue with accommodative stance to support growth, keep inflation within target.

June slowdown, slow recovery seen pushing RBI to hold interest rates next week

There was a contraction in both manufacturing and services sectors as curbs to control the virus spread hurt consumer demand and business activity.

RBI’s MPC is now decidedly more dovish, the consensus on ‘lower for longer’ rates is proof

Markets expects further interest rate cuts as the monetary policy committee of RBI sees inflationary pressure to ease.

RBI says GDP will contract by 9.5% in FY21, holds repo rate at 4% amid modest recovery

Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.

RBI’s first Monetary Policy Committee bows out, its record sullied by inflation at the end

RBI's MPC will be overhauled with 3 new external members expected to join by October & possibly changes to its targeting framework introduced next year.

Modi govt is embracing some discarded Congress policies. But they won’t work even now

Policies like deficit monetisation, loan restructuring, higher tariffs and import licencing have been brought back to combat the economic fallout of Covid-19.

RBI turns cautious amid inflation, keeps interest rate unchanged at 4%

RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.

Why RBI Governor Shaktikanta Das is not likely to risk another rate cut this week

CPI-based inflation has remained over 6% for last 2 quarters. With NPAs also expected to rise significantly, RBI could focus on financial stability this time.

RBI sticks to script, holds rates due to inflation and fiscal deficit

RBI projects growth for 2020-21 at 6%. Repo rate retained at 5.15% and reverse repo rate at 4.9%.

On Camera

Sanjeev Sanyal says UPSC is poverty of aspiration. But it’s more about desperation

The most productive years of Indian youth gets wasted preparing for the UPSC. But they didn't create this system; the government did.

Why Tamil Nadu’s women make up nearly half of India’s female factory workforce

With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.