With three external members of MPC appointed, the committee will meet from October 7 to October 9
The new members will bring divergent views to policymaking
Rising inflation, according to economists, is another cause for concern
MPC meeting likely early next week with new panel
The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain
The Reserve Bank of India's decision to reschedule this week's interest-rate meeting makes it difficult for lenders to price loans and deposits
Here's a selection of Business Standard opinion pieces for the day
Delay in appointing external members sends a wrong signal
The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision
From RBI's MPC meeting prep to Govt's plan to club unviable airports with main ones, here are top headlines this morning
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
The central bank didn't give any reason, but the external members for the MPC have not been appointed by the government.
Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low
While new members will be domain experts, it would be too early for them to properly grasp of the situation once they get to see a tiny picture of the real economic scene at hand
After exploring the possibilities, a decision has been taken to appoint a fresh team of external members, a senior finance ministry official said
The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources
Under the mechanism, the apex bank buys long-term bonds and sells short-term bonds. This cools down long-term yields, raises short-term yields, but keeps liquidity neutral
Here's a selection of Business Standard opinion pieces for the day
Why are the bond yields hardening when there is ample liquidity in the system and RBI is willing to do anything to ensure a non-disruptive market borrowing by the government?
There is a need for institutional reforms in financial sector