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Reuters Published: 04 Jun 2021 12:35 PM BdST Updated: 04 Jun 2021 12:35 PM BdST A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, Nov 9, 2018. REUTERS The Reserve Bank of India (RBI) kept interest rates at record lows on Friday and announced additional bond purchases to support the economic recovery, at risk of being derailed by a devastating second wave of COVID-19 infections. ); } The RBI held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35% as predicted in a Reuters poll. RBI Governor Shaktikanta Das said all six members of the MPC voted in favour of keeping rates on hold and maintaining an accommodative monetary policy stance. ....
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The Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April-2021 for the procurement of wheat in Punjab during the ensuing rabi marketing season. With this, the bulk of the CCL sought by the state government for the purchase of 105.60 lakh tonnes of wheat for this season has been released by the central bank, an official statement said here. The release of the CCL would facilitate the state government in making timely payments to farmers against purchases of food grains in the current season, which would begin from April 10 and culminate on May 31, the statement said. ....
Read more about Uncertainty around India s crypto policy is making blockchain firms anxious on Business Standard. Bureaucrats say they want blockchain, but not cryptocurrencies. It s as silly as wanting airports with duty-free shops but no flights ....
The Government of India (GoI) has announced the Sale (Re-issue) of (i) 5.15% Government Security, 2025 for a notified amount of Rs 11,000 crore (nominal) through price based auction, (ii) 5.85% Government Security, 2030 for a notified amount of Rs 11,000 crore (nominal) through price based auction, and (iii) 6.76% Government Security, 2061 for a notified amount of Rs 7,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India on March 19, 2021 (Friday) using multiple price method. Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. ....