The Reserve Bank of India's Monetary Policy Committee is expected to hold key interest rates this week and maintain an accommodative stance. However, the central bank may revise its inflation projections higher.
RBI may maintain status quo on rates due to jump in Covid infections: Experts
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Last Updated: Apr 04, 2021, 03:13 PM IST
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MUMBAI: A sudden surge in COVID-19 cases and the government s recent mandate asking the central bank to keep retail inflation around 4 per cent are likely to prompt the Reserve Bank to maintain status quo on policy rates at its first bi-monthly monetary policy review for the current fiscal, according to experts.
The Monetary Policy Committee (MPC), RBI s rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7, say experts.
Monetary Policy Review: Experts believe that the rupee may remain strong after recent announcements
Reserve Bank of India (RBI) Governor Shaktikanta Das announced on February 5, 2021, that the Monetary Policy Committee (MPC) will maintain key policy rates at the existing levels, which lead to the repo and reverse repo rates unchanged. The central bank kept the repo rate unchanged at four per cent and the reverse repo rate steady at 3.35 per cent. The RBI Governor also assured that the central bank would continually support the economy s recovery from COVID-19 by ensuring ample liquidity in the system. The Monetary Policy Committee also projected the real gross domestic product (GDP) growth to be 10.5 per cent in 2021-22 – in the range of 26.2 to 8.3 per cent in the first half, and six per cent in the third quarter. (
Sensex starts on positive note by recovering over 99 points ahead of RBI policy outcome
Sensex starts on positive note by recovering over 99 points ahead of RBI policy outcome
The BSE Benchmark Sensex Started On A Positive Note By Recovering Over 99 Points In Early Trade On Wednesday As The Revised Forecast Of Better Monsoon Enthused Investors, Who Are Keenly Awaiting The RBIâs Bi-monthly Policy Meet Outcome Due Later In The Day. PTI | Updated on: 07 Jun 2017, 10:18:55 AM
Mumbai:
The BSE benchmark Sensex started on a positive note by recovering over 99 points in early trade on Wednesday as the revised forecast of better monsoon enthused investors, who are keenly awaiting the RBI’s bi-monthly policy meet outcome due later in the day.
RBI s second bi-monthly monetary policy: Repo rate unchanged at 6.25%, FY 2017-18 growth projection cut to 7.3% from 7.4%
RBI s second bi-monthly monetary policy: Repo rate unchanged at 6.25%, FY 2017-18 growth projection cut to 7.3% from 7.4%
The Reserve Bank Of India (RBI) Under The Aegis Of Governer Urjit Patel Shall Make Its Bi-monthly Monetary Policy Announcement Later On Wednesday.
News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 07 Jun 2017, 03:02:46 PM
New Delhi:
The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy for 2017-18 on Wednesday. The current repo rate is 6.25 percent and the RBI did not change it in the last three policy meeting. Reverse repo rate stayed at 6 percent.