In the auctions on Tuesday, states borrowed Rs 12,100 crore from the market compared with Rs 14,200 crore last week, with most of them opting for longer-term borrowing
Despite retail inflation rising to 6.01% in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged during the first half of 2022.
The Reserve Bank of India's (RBI) signal that the repo rate is not going to increase any time soon has left home loan players divided on pricing, going ahead
The Reserve Bank of India kept the key policy rates unchanged in its monetary policy review, surprising most experts who were betting on a reverse repo rate hike. Find out what the status quo mean
What does RBI's status quo on key policy rates mean? Will India's drone economy take off after ban on imports? Will RBI policy give support to equities and bonds? What is IPv6? Find all answers here
Former RBI Governor D Subbarao said the concern today was that the low interest rates and the enormous liquidity available in the system could potentially disrupt financial stability.
RBI has the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at 4 per cent and 3.35 per cent
RBI's decision to raise limits under the Voluntary Retention Route (VRR) will provide additional sources of capital for the domestic debt market, according to market players
The RBI policy statement of status quo has a clear distinction between policy strategy and policy stance and can coexist simultaneously
Bankers and financial experts Thursday welcomed the RBI's decision to keep policy rates unchanged, saying the move is extremely positive and aimed at controlling liquidity in the system. The central bank's monetary policy committee earlier in the day decided to keep the benchmark interest rate unchanged at 4 per cent, and continue with its accommodative stance. Shanti Lal Jain, MD & CEO of Indian Bank, said with the variable reverse repo rate (VRRR) and other measures, the RBI will look to control liquidity in the system. Increasing the cap for foreign portfolio investment in the domestic bond market will help the government in its borrowing plans, he said. Jain also said allowing banks to participate in off-shore swaps and increasing the mandate limit for trade credit to MSMEs was a welcome move. Deputy MD of IDBI Bank, Samuel Joseph, said leaving the rates unchanged and with the guidance for 2022-23 inflation at 4.5 per cent, the policy is extremely positive for the ...
Housing demand increased by around 50-70 per cent during the last calendar year across 7-8 major cities on various factors such as low interest rates on home loans
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor
The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.
The RBI's dovish stance has also provided comfort to the unnerved bond and equity markets.
At 10:31 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Realty indices were up 1 per cent, against a 0.5 per cent gain in the benchmark Nifty50 index
The indication is that an accommodative stance will continue into the next year too, as long as inflation remains stable
Investors were also keenly eyeing the US inflation data which was due on Thursday
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