RBI orders banks to maintain 10% incremental CRR
There is surplus liquidity due to the withdrawal of ₹2,000 banknotes, 87% of which have come back into the system as bank deposits, says RBI governor
cash reserve ratio
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RBI targets inflation with 50 bps CRR hike
Liquidity needs to be modulated in line with the policy action and stance to ensure their full and efficient transmission across the economy, governor Das says.
RBI pushes growth, focusses on liquidity management
At its first monetary policy review for 2021, the central bank kept key rates unchanged, while announcing several measures to manage liquidity.
The build-up to RBI’s ‘bazooka’
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
Eased liquidity may not have takers
With most industries having made a hard stop, the ‘productive on-lending’ that the RBI envisages may remain a pipe dream.
RBI measures fail to cheer markets
Both the benchmark indices closed flat after huge rallies in three consecutive days; they ended the week with over 20% gains from the week’s lows.
RBI stays ‘consistent’ on rate and policy stance
At the last monetary policy meeting of FY20, the central bank kept the interest rate unchanged, with a warning to not read the ‘pause’ continually for its future actions.
