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 Governor Das shows his hand to tame bond vigilantes
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Hours after Das completed his monetary policy exposition, there wasn’t much complaining from any one – even the bond trader who has been playing hide and seek with the central bank for nearly six months.
The RBI balanced the need to stimulate the economy with extraordinary liquidity and ensure financial stability.
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MUMBAI: Show, Don’t Tell, is the maxim thrown at any aspiring story writer since the days of Anton Chekov. The Reserve Bank of India Governor Shaktikanta Das adapted it on Wednesday.
Hours after Das completed his monetary policy exposition, there wasn’t much complaining from any one – even the bond trader who has been playing hide and seek with the central bank for nearly six months.
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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| A+A A- By PTI
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).
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.
RBI Maintains Status Quo, Keeps Repo Rate Unchanged At 4% outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.