News Headlines

RBI Governor Das’ message to govt: Don’t tinker with my inflation target

Mumbai: The government is soon going to review the inflation target for the Reserve Bank of India’s Monetary Policy Committee for the first time since the target was first set five years ago. There have been media reports that the Centre is considering a proposal to raise MPC’s medium-term inflation target to 5 per cent, […]

News Headlines

rbi policy meet live: RBI MPC Meeting Live Updates: 10.5% GDP growth outlook for 2021-2022 – The Economic Times

!1 New UpdateClick here for latest updates CPI Projection is revised to 5.2-5% in H1FY22 Vs 5.2-4.6% forecast earlier H1FY22 GDP growth seen in the range of 8.3-26.2% and 6% in Q3FY22: RBI RBI projects CPI inflation at 5.2% In Q4 FY21 Investment-oriented stimulus given under Atmanirbhar Bharat have begun to show results: RBI Guv […]

Budget 2020

‘Refine quality of expenditure to aid fiscal sustainability’

Maintaining and improving the quality of expenditure would help address the objectives of fiscal sustainability while supporting growth, RBI Governor Shaktikanta Das said on Saturday. “As per IMF’s calculations, the total fiscal support in response to COVID-19 amounted to about 12% of global GDP by mid-September 2020,” Mr. Das said while delivering the Nani Palkhivala […]

News Headlines

India’s now among top 10 buyers of US treasuries

For the first time, India has featured in the list of top 10 sovereign investors in US Treasuries. At the end of October, the count was at a new record high of $222.4 billion, showed latest data. That should give sufficient cushion to Asia’s third-biggest economy when interest rates turn globally – and currency volatility […]

Budget 2020

Bond, share write-offs in bank rescue acts done in depositor interest, legal: Das

Governor Shaktikanta Das on Friday defended RBI‘s decisions to write-off bonds and shares of lenders during rescues of Yes Bank and Lakshmi Vilas Bank as legal ones taken in depositors‘ interest. Das said there cannot be a fixed template while dealing with cases of stress experienced by banks and working out solutions. It can be […]

Budget 2020

RBI allows RRBs to access LAF, MSF windows

Reserve Bank of India (RBI) on Friday allowed regional rural banks (RRBs) to access the liquidity adjustment facility (LAF), marginal standing facility (MSF) and call or notice money market, aimed at facilitating better liquidity management for these lenders. At present, RRBs are not permitted to access the liquidity windows of the RBI as well as […]

News Headlines

Why Shaktikanta Das can’t afford to follow other central banks’ Covid playbooks

After raising the inflation forecast, Governor Das said that there is “some evidence that price pressures are spreading. Synopsis India’s flexible inflation targeting introduced four years ago ties the central bank’s hands when it comes to interest rates as it is mandated to target the Consumer Price Index at 4 percent in a two percentage […]

Budget 2020

RBI Monetary Policy: 10 key takeaways from Shaktikanta Das’s speech

NEW DELHI: The decision of the monetary policy committee (MPC) of the Reserve Bank of India stated one thing sharply — the focus right now is more on reviving growth than containing the burgeoning inflation. RBI governor Shaktikanta Das indicted that the committee is in a tight spot as rising inflation is a threat but […]