A dose of cautious optimism from the Reserve Bank
Governor Shaktikanta Das’ latest policy statement sees FY21 growth contracting by 9.5%, but also talks about the possibility of India renewing the “tryst with its pre-Covid growth trajectory”.
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October 2020
September 2020
February 2020
February 2018
RBI relief for Covid-19 pain
Monetary policy committee keeps rates unchanged; central bank announces new measures to mitigate pandemic woes, as it sees 9.5% contraction in real GDP for FY21.
Economic recovery likely to be gradual: Das
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
India’s forex kitty could swell to $550 billion
Since April 2001 foreign exchange reserves grew 11.15 times to $476.09 billion in mid-February; the RBI may add $21 billion more by March 2021, according to a BofA Securities report.
Interest rates hold the key
The Reserve Bank of India and the Ministry of Finance will have to come out with confidence building measures to calm market sentiment.
