The tale of India’s interest rates
The latest repo rate cut marks 128 policy rate actions from the Reserve Bank of India, since April 2001; the repo and reverse repo rate have been tweaked 61 and 55 times each since then.
reverse repo rate
May 2020
April 2020
March 2020
June 2019
June 2018
RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
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.
COVID-19: RBI CUTS RATES, INJECTS ₹3.7 LAKH CR
Repo rate slashed by 75 bps, governor says will do whatever it takes to mitigate Covid-19 impact; growth outlook for FY21 unclear.
RBI does a hat-trick on rate cuts
The central bank delivered a third 25-basis point cut in repo rate in a row, but its dovish views on the economy and inflation pull stock market indices down.
RBI hikes repo rate by 25 bps
The Reserve Bank of India’s monetary policy committee announced a rate hike for the first time since January 2014.
