Measures would help for 12-24 months but at the expense of delaying the resolution of asset-quality problems, says agency.
Central bank had last year announced a series of measures to support the economy suffering the impact of a nationwide lockdown
The commerce secretary said he expects robust growth in exports in the current fiscal year
Despite the surge in Covid-19 infections, the growth target also remained unchanged at 10.5 per cent for the fiscal, but inflation was tweaked upwards slightly
One challenge that the RBI might have to face in FY22 is the movement in exchange rate
RBI should not undermine the price and financial stability objectives
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
Among other things, the policy provides much needed visibility on central bank's balance sheet support for the bond market
Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.
It is only next year when RBI expects growth to increase to 6.8 per cent that repo rate will be raised
Overall RBI monetary policy was on expected lines and the policy statement highlighted its commitment to do whatever it takes to ensure financial stability
Central bank announces variable rate reverse repo auctions (VRRR) to suck out liquidity
Stocks like SBI and Bank of Baroda can expect a surge of over 5 per cent in coming sessions.
RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
Central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).
The focus was to be more on the language of the RBI on growth and inflation. Here, the RBI has been pragmatic on growth with a forecast of 10.5 per cent for fiscal 2021-22 (FY22), which is quite timel
RBI retains its growth outlook for the fiscal year started April 1 at 10.5%, unchanged from its February outlook.
Indian shares inched higher on Wednesday, ahead of a RBI decision that could leave interest rates at record lows, as a surge in coronavirus cases sparked fears about the impact on economic growth
Status quo expected on Wednesday, but guidance will hold the key for bond market
The disconcertingly sharp new wave of Covid-19 cases has reignited uncertainty regarding the economic outlook in the immediate term