Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system.
The Reserve Bank of India s (RBI) Monetary Policy Committee (MPC) is expected to keep the repo rate fixed and maintain its withdrawal of accommodative stance when it makes its policy announcement on August 10. The RBI is most likely to focus on how it will be coping with the rising inflation print.
India Business News: Indian shares rose, driven by metal stocks, before the Reserve Bank of India's (RBI) policy announcement on Thursday. The Nifty 50 index increased by
RBI Monetary Policy LIVE Updates: RBI has kept policy repo rate unchanged at 6.5% in a unanimous decision. Standing Deposit Facility Rate remains at 6.25%; while Marginal Standing Facility Rate and Bank Rate also unchanged at 6.75%. Focus remains on withdrawal of accommodation to ensure that inflation progressively aligns with the target