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The RBI s monetary policy complements the Budget in its tone, intent and actions, says Thomas. The measures taken for retail investors are also good but the government should hasten the setting up of a separate debt management office. ....
Coming on the back of a historic Union Budget, Reserve Bank of India s (RBI) monetary policy is complementary to the fiscal policy. While policy rates have been kept unchanged, RBI has given forward guidance that it will continue to provide ample liquidity into the next financial year, as was the case earlier. This is essential to see through elevated borrowing of Rs 12 trillion by Centre and Rs 10 trillion by states in the next year. RBI has done exceptionally well in managing government s extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP. In fact, the glide path given by the Centre shows that fiscal deficit will now be at 4.5 per cent of GDP in FY26. Hence, the focus has to be to have orderly financial markets and financial stability. ....
RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System RBI Keeps Key Rates Unchanged, Assures Ample Liquidity In System The central bank had last cut its policy rates on May 22, 2020, in an off-policy cycle, when Covid-19 posed an unprecedented challenge to the economy The policy decision comes at the end of first meeting of six-member MPC after Budget 2021. Reserve Bank of India (RBI) Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to maintain key policy rates at existing levels, saying that the need of the hour is to back growth. The Reserve Bank kept the repo rate unchanged at 4 per cent and reverse repo rate untouched at 3.35 per cent. Mr Das also gave an assurance that the central bank would continually support the economy s recovery from the pandemic by ensuring ample liquidity in the system. The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committ ....
Read more about RBI Monetary Policy: Rate sensitive sectors may have been disappointed on Business Standard. The MPC meet outcome is neutral to different sectors. Although some sectors were eyeing for cut in rates, this was impractical going by the large spend envisaged by the Budget ....
Unchanged rates mean that home loans won t get expensive and buyers can continue to take advantage of the low rates, which will also sustain housing demand, experts say. ....