It is difficult to predict whether we will see a reverse repo rate hike in February or whether it will be held over until April
Repo rate unchanged at 4% and reverse repo at 3.35%
Govt action will be more important than monetary policy
The economy grew 8.4% in Q2, higher than the MPC's expectations of 7.9%
The Reserve Bank's decision to continue with its accommodative monetary policy stance would pave the way for a double-digit economic growth, said the industry and experts on Wednesday
The 5% tax rate broadly covers most food items, so an increase here would directly impact the monthly grocery budget of households
The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%
Indian unit could be under pressure in the coming days as trade deficit and Fed's increase of monthly taper plan could further upset the sentiment for the foreign portfolio investors
The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on interest rate
The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the side of caution and hold on to rates for now
Bond market participants are factoring in a reverse repo hike
RBI should not stop the normalisation process
The low interest rate phase hasn't really helped investors or investment; Covid-19 was actually a supply side shock
Here are the 10 important events, policy decisions that Das undertook after becoming the 25th governor of the RBI on Dec 12, 2018
The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side
Higher liquidity is not helping the real economy
Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection
Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.
Rate-sensitive banking and realty indices ended in the red, but auto closed with gains
RBI Governor's statement says, this process will be gradual, calibrated, and non-disruptive, while remaining supportive of the economic recovery