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RBI s MPC keeps key lending rates unchanged; maintains accommodative stance

RBI s MPC keeps key lending rates unchanged; maintains accommodative stance RBI Governor Shaktikanta Das says MPC kept its estimate for economic growth unchanged at 10.5 per cent for FY22. MPC also saw inflation edging up to 5.2 per cent in first half of new fiscal from 5% in January-March period and moderate to 4.4 per cent in Q3 BusinessToday.In | April 7, 2021 | Updated 11:46 IST RBI Governor Shaktikanta Das The Reserve Bank of India on Wednesday announced key lending rates while keeping interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The central bank also kept the benchmark repurchase rate unchanged at 4 per cent and maintained an accommodative policy stance to support growth.

Weekly Rupee view: 74 is the crucial level to watch - The Hindu BusinessLine

Weekly Rupee view: 74 is the crucial level to watch × If the 74-level is breached, INR will touch 74.50 and could even depreciate to 74.75 in the near term. BL Research Bureau The rupee (INR) was trading with a bearish bias over the past week against the dollar (USD). Following the monetary policy announcement of the Reserve Bank of India (RBI) today, the domestic currency depreciated and is now trading near 74 versus the greenback. Thus, the year-to-date loss of INR against USD currently stands at about 1.3 per cent. Nevertheless, the rupee remains one of the best performing Asian currencies for the year so far.

Interview | RBI Plan To Hike CRR To Impact Borrowing Cost For Corporates, Others, Says Joseph Thomas Of Emkay

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.

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