Page 20 - Mint Road News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MUMBAI : Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI’s affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das’ promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event. Within three weeks of launching the rescue act, the ...

Synopsis Within three weeks of launching the rescue act, the RBI's rate setting panel's meeting got advanced to deliver a deep cut of 0.70 per cent in key rates, a reduction in cash reserve ratio by 1 percentage point, and an announcement of a three-month repayment moratorium on loan repayments and an assured liquidity support through the Targeted Long Term Repo Operations (TLTROs). PTI Mumbai: Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavi...

RBI may tweak liquidity ops on MPC heat Excess liquidity could add to inflation which is already at a six-year high and above the targeted 4%. Synopsis Members of the Monetary Policy Committee (MPC) have warned that too much money in the market is visible in the ballooning of asset prices, and that negative real interest rates for too long could adversely alter savers’ behaviour. Mumbai: The Reserve Bank of India (RBI) may be pushed to begin tapering excess liquidity in the second quarter of 2021 as price pressures begin to spread beyond food items and concerns mount about possible instabil...

Explore Now Domestic stocks look set to open on a negative note on Monday, tracking weak trends in other Asian markets. Fresh Covid restrictions in the UK and the likely fallout in a possible no-deal Brexit may weigh on stocks. Here’s breaking down the pre-market actions: STATE OF THE MARKETS Nifty futures on the Singapore Exchange traded 50.25 points, or 0.36 per cent, lower at 13,729, in signs that Dalal Street was headed for a start in red on Monday. Tech View: 13,650 key for Nifty The 50-share pack Nifty settled Friday's session with gains for the sixth straight day. The index formed an...

Synopsis The Reserve Bank of India has been consecutively raising its holdings of US government debt instruments since the beginning of April, and until September the central bank has increased its holdings by a record $57 billion this fiscal to $213.5 billion, latest data show. ThinkStock Photos The central bank's dollar purchases is also helping check the value the rupee, and a strong rupee is helping check imported inflation, according to RBI governor Shaktikanta Das. Mumbai: India has turned out to be the fastest-growing investor in US Treasuries this financial year amid a surge of overse...