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
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth
Shaktikanta Das said that monetary policy guidance in October emphasised the need to see through temporary inflation pressures
Banks have parked 6.1 trillion rupees ($82.5 billion) of excess cash with the central bank at the reverse repo rate of 3.35%
Under Shaktikanta Das, RBI has been moving speedily on banking reforms. The most crucial question is, will any of this mean a big difference to the quality and cost of banking services for depositors?
The report by American brokerage Morgan Stanley comes at a time when many experts, including RBI Governor Shaktikanta Das, have noted the disconnect between the real economy and the markets
For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates
Reserve Bank of India Governor Shaktikanta Das said he has turned coronavirus negative and will join office next week
He was speaking at a panel discussion organised by the central bank as part of the ''Vigilance Awareness Week 2020''
In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher
Das said he is asymptomatic and will continue to work in isolation
The reconstituted MPC, which met from October 7 to 9, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation
Indian economy is nearing revival from the Covid-19 pandemic, said RBI Governor Shaktikanta Das, adding it is very important that the financial entities have adequate capital
Banks and NBFCs must to do stress tests to ensure credit flow, says Shaktikanta Das
Both fiscal and monetary policy were counter-cyclical and accommodative and both were working in close symmetry, he added
RBI's accommodative policy may benefit companies as India heads into the festive season
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
RBI to run 'accommodative' stance as long as necessary and even entering the next year
All that happened in the markets today