RBI governor Shaktikanta Das's term extended by three years
His term at Mint Street has been an eventful one with the central bank doing the heavylifting to revive the economy, particularly after Covid-19
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His term at Mint Street has been an eventful one with the central bank doing the heavylifting to revive the economy, particularly after Covid-19
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Yuan depreciates to 6.4612 against the greenback Crude prices rise slightly Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains. Brent crude was up 7 cents, or 0.1%, at $77.23. US West Texas Intermediate (WTI) crude futures were at $76.38 a barrel, up $1.22, or 1.6%, from Friday's close. DIIs buy shares worth Rs 646 crore Net-net, foreign portfolio investors (FPIs) turned sellers of domestic stocks to the tune o...
The Reserve Bank will conduct open market purchase of government securities of ₹1.2 lakh crore under the G-sec Acquisition Programme (G-SAP 2.0) in Q2:2021-22 to support the market, as announced in Governor's statement of June 04, 2021. The first purchase of Government securities for an aggregate amount of ₹20,000 crore under G-SAP 2.0 will be conducted on July 08, 2021. The Reserve Bank reserves the right to decide on the quantum of purchase of individual securities, accept bids for less than the aggregate amount, purchase marginally higher/lower than the aggregate amount due to rounding...
Read more about RBI Announces Third Tranche Of Bond Buying Worth Rs 40,000 Crore Under G-SAP 1.0 on Business Standard. As announced in the Governor's statement of June 04, 2021, the Reserve Bank will conduct the third tranche of open market purchase of government securities of Rs 40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021. Of