Volatility in food prices continues to be the critical risk for the RBI as it could de-anchor household inflation expectations and generalize price pressures.
The Reserve Bank of India will conduct a two-day repo for 500 billion rupees ($6 billion) later in the day based on "a review of current and evolving liquidity conditions", the central bank said.
The reluctance to park funds for long comes despite a sharp increase in surplus liquidity over the past couple of weeks following government expenditure. On an average, the RBI has absorbed surplus funds worth ₹1.87 trillion rupees from banks this month. Tellingly, the rate of interest offered to banks by the SDF is sharply lower than what lenders would have earned by parking funds at the VRRR auctions. This reflects the continuing uncertainty amongst lenders about the liquidity outlook.
For the first time in the history of world cinema, entertainment giants, PVR & SS Rajamouli have come together to collaborate for a huge event. In one of the biggest collaborations, RRR has tied up with PVR cinemas, which will now be referred to as 'PVRRR' for the next few months.
While the situation in the domestic market is just about improving, many central banks in emerging as well as developed nations have hinted or already taken actions to normalize the monetary policy.