These issues weren't discussed in such details in policy statement, or in post-policy press conference, even when the members seemingly unanimously voted to keep policy rate unchanged at 4%
The MPC left key interest rates unchanged this month
Ultra-low rates run the risk of enticing firms to borrow too much, they say
Higher inflation tolerance will increase risks
Supreme Court will continue to hear the matter today
Khara's comment comes only days before the monetary policy committee of the Reserve Bank of India (RBI), the country's central bank, is due to meet between Dec. 2 and Dec. 4
Some banks are even giving 10-15-year term loans at below bond market rates. There is no avenue to deploy the excess liquidity otherwise
It's time the RBI allowed the rupee to appreciate, says an SBI Research report
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Defaulting on card dues could restrict access to credit in future
The quantum of benefit for borrowers, however, will not be very large
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The country's largest lender State Bank of India on Wednesday announced concession of up to 25 basis points (bps) on its home loan rates
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Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis
RBI Governor Shaktikanta Das had earlier said although there was headroom for further monetary policy action, it was important to keep "our arsenal dry and use it judiciously."
The accumulated interest will increase the principal and you will have to pay a higher interest rate on it
The Fed's governing board made that vow last week at its regularly scheduled policy meeting, promising to leave rates at their current near-zero levels until the economy reaches full employment
Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic
Products to be accessible to foreign investors and retail participants too, but latter can only use for hedging