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.
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December 2018
RBI buys more bonds than it sells in Operation Twist
The central bank bought long-term bonds worth ₹10,000 crore and simultaneously sold short-term papers worth ₹6,825 crore under a special OMO to address liquidity issues.
Inflation nudged RBI to wait and watch
The Monetary Policy Committee meeting minutes reveal that its members were bogged down by rising inflation and slowing growth, which could mean status quo going forward.
RBI cuts repo rate to arrest slowdown
The 35 basis point repo rate cut is not the first unconventional rate action from the central bank as two repo rate actions in March 2003 saw a 40 and 10 basis points reduction in a matter of 13 days.
Fortune India: Best of 2018
As 2018 draws to a close, here’s a look at some of our best stories.
RBI’s governance needs examination: Board
Post the first meeting under the chairmanship of newly appointed governor, Shaktikanta Das, the RBI’s central board said the governance framework required a closer look.
Shaktikanta Das is new RBI governor
The former economic affairs secretary has been appointed the governor of India’s central bank for a period of three years.
