Goswami says case for normalisation of monetary conditions is starting to pick up pace, and next step will be to narrow the policy rate corridor closer to pre-pandemic level
In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros
Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection
The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system
'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'
Survey shows inflation to soften further
RBI Governor's statement says, this process will be gradual, calibrated, and non-disruptive, while remaining supportive of the economic recovery
Since the beginning of tpandemic and resultant higher borrowings, states have been paying higher interest to their bondholders trending close to 7 per cent all so far this fiscal.
As part of the liquidity management, Das said the need for undertaking further G-Sec Acquisition Programme (G-SAP) operations at this juncture does not arise
Growth prospects have brightened and inflation outlook has eased, despite lingering concerns as to potential broad-based supply shocks
Withdrawal of excess liquidity is akin to taking away the training wheels from a kid's bike. They help a kid maintain balance but don't teach how to ride
Jalan says investor sentiment, hit by a spate of poor listings in August, shall improve as we see successful listing going ahead
Country's largest lender State Bank of India (SBI), the country's largest lender, Friday said that mispricing of risks is a cause of concern given the fact that there is ample liquidity in the system.
The US Federal Reserve's taper plans and a brisk economic recovery may also prompt the Reserve Bank of India (RBI) to begin winding up ultra-loose policy regime
The benchmark CSI 300 Index fell as much as 1.9 per cent Wednesday
The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23. On a review of current liquidity conditions, the central bank also decided to conduct a simultaneous sale of government securities under open market operations (OMO) for an aggregate amount of Rs 15,000 crore on the same day. In a statement, the RBI said it will purchase three government securities of different maturity dates amounting to Rs 15,000 crore. It will also sell three government securities amounting to Rs 15,000 on September 23. The central bank further said it reserves the right to decide on the quantum of purchase and sale of individual securities. The result of the auctions will be announced on the same day.
Sitharaman encouraged continuous feedback and inputs from India Inc, and said discussions with industry had enabled the government to take a series of actions as the pandemic situation evolved
Banks to kick off new credit-outreach programme by October 15
Clearing their dues has been a long-standing demand of exporters
RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability