This wasn t entirely unexpected as RBI had dutifully released a trailer last month hinting of a highly uncertain and clouded with downside risks economic future.
As per fund managers, RBI has a tough task at hand in the upcoming credit policy, navigating between galloping commodity prices, and the unpredictable impact of lockdowns on employment, production, and general welfare in the real economy
RBI s MPC begins discussions; repo rate likely to remain unchanged
The fears of firming inflation are also likely to abstain the MPC from fiddling with the interest rate in its bi-monthly monetary policy result, to be announced on June 4
BusinessToday.In | June 2, 2021 | Updated 17:10 IST
The RBI kept benchmark rates unchanged at the last MPC meeting held in the month of April
The Reserve Bank of India s (RBI) rate-setting panel, Monetary Policy Committee (MPC), began its three-day discussions on Wednesday amid expectations of a status quo on key interest rates, primarily owing to incertitude over the impact of the second wave of the COVID-19 pandemic.
The Indian central bank’s conventional as well as unconventional policy responses to support the economy through the pandemic failed to reduce the government’s borrowing costs by a lot, says a new study. Policy actions by the Reserve Bank of India have had only a modest impact on the ‘term premium’ –- an indicator of the market’s expectations of future interest rates, according to the research authored by Rajeswari Sengupta of the RBI-funded Indira Gandhi Institute of Development Research in Mumbai, and Harsh Vardhan of the SP Jain Institute of Management and Research. There were limits to which monetary policy alone could provide an economic stimulus during a crisis, they wrote in the ‘Ideas for India’ portal.
Updated Feb 26, 2021 | 09:08 IST
The median forecast from a Reuters survey of 58 economists predicted the GDP grew 0.5 per cent year-on-year in the December quarter. Q3FY21 GDP numbers today: Will the Indian economy come out of recession? | Photo Credit: BCCL
New Delhi: Data released by the National Statistical Office on Friday (February 26) will reveal whether the economy continued to be in recession in the third (October-December) quarter or it ended with the second quarter only. Also, it will demonstrate the extent of damage the coronavirus pandemic has caused to the Indian economy.
Many economists are of the view that the economy is likely to have returned to growth in the December quarter because of the easing of restrictions on movement and public spending has started growing.