RBI keeps key interest rates on hold as COVID-19 second wave wrecks havoc
The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.
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MUMBAI: Concerned over fresh COVID-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cut in the future if the need arises to support the economy.
The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said said while announcing the decisions taken by the central bank s Monetary Policy Committee (MPC).
RBI to provide ₹50,000-cr refinance to all-India financial institutions
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RBI targets 5.2 per cent retail inflation for first half of FY22
The central bank has retained growth projection of 10.5 per cent for the current financial year as was estimated in its February bi-monthly policy.
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MUMBAI: Concerned over fresh COVID-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cut in the future if the need arises to support the economy.
The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said said while announcing the decisions taken by the central bank s Monetary Policy Committee (MPC).
Updated:
April 07, 2021 23:13 IST
Panel to review ARCs in the works, priority sector rules to stay for 6 more months
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First base: The extension for priority sector norms will boost credit at the bottom of the pyramid. V.V. Krishnan
Panel to review ARCs in the works, priority sector rules to stay for 6 more months
To help mitigate the impact of the pandemic and aid economic revival, the RBI said it would extend fresh support of ₹50,000 crore to the All India Financial Institutions for new lending in FY22.
Accordingly, NABARD will be provided a special liquidity facility (SLF) of ₹25,000 crore for one year to support agriculture and allied activities, the rural non-farm sector and non-banking financial companies-micro finance institutions, the RBI said.
Search Economic recovery uncertain due to recent surge in Covid cases, says RBI governor Central bank keeps repo rate unchanged at 4 per cent
Concerned over fresh Covid-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cut in the future if the need arises to support the economy.
The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said said while announcing the decisions taken by the central bank s Monetary Policy Committee (MPC).
The RBI Governor further said that the recent surge in Covid-19 infections has created uncertainty over economic growth recovery, adding that the focus must be on containing spread of virus and economic recovery.
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