Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts
MPC minutes show one member saw little merit in continuing with central bank's forward guidance
The Sensex rose 460 points, or 0.94 per cent, to close at 49,662, while the Nifty50 added 136 points, or 0.92 per cent, to end the session at 14,819
RBI should not undermine the price and financial stability objectives
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
Indian shares inched higher on Wednesday, ahead of a RBI decision that could leave interest rates at record lows, as a surge in coronavirus cases sparked fears about the impact on economic growth
Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market
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This is the fourth time in a row that MPC has decided to keep the policy rate unchanged at 4%. The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Higher inflation projection rules out any rate cut possibility in the first half of FY22; bond yield jumps
The other signals expected from the policy related to the rollback of measures announced during the pandemic
The reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI
The benchmark repurchase rate will be maintained at 4% Friday, according to 24 of the 32 economists in a Bloomberg survey, although cooling inflation has stoked expectations for a rate cut
The Reserve Bank of India will aim to drain 2 trillion rupees ($27.3 billion) of banking funds via a 14-day reverse repo operation on Jan. 15
The rate pause was on expected lines, and all the six members on the Monetary Policy Committee were unanimous on the matter
The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial stability
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based
Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance