MPC meet: RBI hikes repo rate by 50bps to 4.9%; retains FY23 GDP forecast at 7.2%
Inflation is likely to remain in the upper tolerance band in the first 3 quarters of FY23, says RBI governor Shaktikanta Das.
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RBI keeps repo rate unchanged, maintains 'accommodative' stance
The central bank sharply increased its inflation projection to 5.7% in the financial year 2022-23 from its earlier forecast of 4.5%.
RBI monetary policy: Repo, reverse repo rates unchanged
The six-member monetary policy committee maintained an "accommodative" stance "as long as necessary".
Expect lower returns in long term debt funds. Where to invest?
In the last year, the long duration debt mutual funds have delivered an average return of 6.01%.
RBI to follow 'zor ka jhatka dheere se' in monetary policy
The central bank is expected to keep an accommodative stance, although the monetary policy is expected to have a dampening effect on the market.
Repo at 4% irrelevant: Jayanth Varma
The lone dissenter in the MPC believes falling behind the inflation curve could result in harsher monetary steps and loss of credibility.
Why MPC member Jayanth Varma differs with RBI
Varma feels the ability of monetary policy to mitigate the pandemic's effect is very limited as compared to its ability to contain an economic crisis.
Dovish MPC opts for status quo
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
RBI holds rates; unveils new measures
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
