MPC

RBI is rightly focused on the inflation target

External member Jayanth Varma said 100 bps rate hike required 'very soon'

In a constitutional democracy, the RBI is bound by the law to focus on its core mandate

The yield on the 10-year benchmark government bond fell almost 9 bps to end the day at 7.21 per cent

The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy

The bond markets also saw a sell-off, and the yield on the 10-year government bond rose to 7.37 per cent, hitting a three-year high

Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.

The free hit opportunity is inflation because retail inflation is in its third consecutive month above the RBI's upper comfort limit of 6%.

Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily

The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations

On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22

The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10

Mutual funds are keeping their powder dry to invest in LIC's IPO that is expected to hit the market next month

Oil shock: Current account deficit may touch 2.5% of GDP next year

The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent

Repo rate unchanged at 4%; stance 'accommodative'

Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent

The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.

RBI watchers call for a CRR hike to support OMOs

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