Shaktikanta Das is expected to keep the key lending rates unchanged, keeping in mind the economic impact of the second covid wave. RBI had kept the repo rate unchanged at 4 per cent and the reverse repo rate at 3.35 per cent in the April policy review.Here are five things investors can expect in this money policy:Announcement of GSAP 2.0Targeted measuresInflation outlookA cut in FY22 GDP estimatesUpdate on Covid 2.0 impact on growth
RBI will also purchase Rs 40,000 crore of government securities, comprising state development loans worth Rs 10,000 crore under the ongoing G-SAP 1.0 via an auction on June 17
The sudden call for deficit financing has gathered after the second Covid wave and its impact on the pace of economic recovery. The two successive years of Covid disruption have increased income inequality globally
After opening on a flat note, the 30-share BSE index was trading 59.24 points or 0.11 per cent higher at 52,291.67 in initial deals, and the broader NSE Nifty advanced 16.85 points or 0.11 per cent to 15,707.2
India s foreign exchange reserves jumped by $2.865 billion to hit a record high of $592.894 billion for the week ended May 21, bolstered by gold and currency assets, RBI data showed on Friday