MPC should not ignore inflation risks
Central bank is risking making inflation entrenched with its easy money policy, says dissenting member of Monetary Policy Committee.
The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures, says RBI Governor
The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic
'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao
The Governor clearly stated that the RBI remains in 'whatever it takes' mode, referring to the desire to support the fledgling recovery
In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings
While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery
RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31
Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave
Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das
At 11:38 am, the Nifty Bank, PSU Bank and Realty indices were trading in the red, while the Nifty Private Bank and Auto indices were trading marginally higher by up to 0.35 per cent on the NSE
Economic activity has evolved broadly along expected lines: Shaktikanta Das
As focus remains more on fixing a fickle economy than on controlling stubborn price pressures, the Street is factoring-in a status quo on repo rate and 'accommodative' policy stance
RBI should give a near-term road map for policy normalisation
The RBI's 2021-22 growth forecast is likely to remain unchanged at 9.5 per cent year-on-year
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India will miss its fiscal deficit target of 6.8% of GDP by at least 1 percentage point, he said