Synopsis
On an average, economists at almost all the rating agencies and brokerages have forecast 0.4-0.7 per cent positive growth for the economy that has contracted a record high 23.9 per cent in the first quarter and 7.5 per cent in the second quarter of the current fiscal.
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As per the report, credit growth slipped to 5.6 per cent in late January from 6.2 per cent on January 1.
MUMBAI: Against the majority view of a rebound in the growth numbers for the December quarter, the house economists at the Wall Street brokerage Bank of America Securities on Tuesday pencilled in a 1 per cent contraction in India s GDP for the third quarter.
High fuel pricesPrices of auto fuel and cooking gas are now at an all-time high despite relatively low global crude oil prices. The common people, needless to say, bear the brunt of the steep rise in
Proof Of How QE Works
There’s so much confusion out there about how money gets from the Fed into the stock and bond markets. I see the comments in my Twitter feed. People are clueless. Like how M1 is causal. Or how the Fed pumps money into the banking system and that doubles back somehow to speculative bubbles.
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RBI announces Rs 10,000 crore special open market operations on February 25
The RBI conducts special OMOs to support the liquidity situation in the market and manage the bond yield. February 15, 2021 / 01:59 PM IST
The Reserve Bank of India (RBI) February 15 said it will conduct simultaneous sale and purchase of government bonds under a special Open Market Operations (OMO) on February 25.
The RBI will buy and sell bonds worth Rs 10,000 crore each on that day.
“On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under OMO for an aggregate amount of Rs 10,000 crore each on February 25, 2021,” said the RBI.