The MPC after its meeting on May 2 and 4 had recommended raising the key interest rate (repo) by 40 basis points. The rate was hiked with immediate effect. It was the first hike since August 2018, , mpc minutes, rbi governor, inflation, Shaktikanata Das
LIC, the country’s largest insurer, will get listed this week after positive vibes from the initial public offering. The minutes of the RBI’s unexpected meeting earlier this month will be released. The French Open will get under way this week. Here’s what to watch out for.
The minutes of the latest RBI monetary policy committee (MPC) meeting released on Friday showed the central bank has shifted its focus to fighting surging inflation even as growth worries remain.
MPC minutes: COVID spike is biggest challenge to India s recovery, says Guv Das
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. Updated: 22 Apr 2021, 06:52 PM IST Reuters
All six members highlighted the increased risks to economic recovery from the recent steep rise in coronavirus infections and said monetary policy must continue to support growth
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Mumbai: A steep rise in COVID-19 infections across the country is the single biggest challenge to economic recovery, Reserve Bank of India Governor Shaktikanta Das wrote in his monetary policy committee (MPC) meeting minutes released on Thursday.
The MPC kept its key interest rate at a record low of 4% earlier this month and said monetary policy would remain accommodative until the prospects of a sustained recovery were well secured.