RBI Monetary policy LIVE: FY21 GDP contraction outlook revised to 7.5%

RBI Governor Shaktikanta Das
RBI monetary policy LIVE: The Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday decided to keep repo rate unchanged at 4 per cent. The reverse repo rate stays at 3.35 per cent. The RBI last changed policy rate on May 22.  It maintained the status quo on the benchmark lending rates in view of persistently high inflation and a lower-than-expected contraction of the economy.

The banking regulator has informed commercial and co-op banks to not give out dividends this year and retain all the profits, the governor said. He added that RBI will introduce risk-based internal audits in large urban co-op banks.

Stay tuned for RBI Monetary policy LIVE updates

LIVE UPDATES

Governor Shaktikanta Das proposes to put in place a criteria for NBFC dividend distribution, introduces risk-based audit in large NBFCs & co-op banks


Business sentiment of manufacturing firms is gradually improving, says Shaktikanta Das

Private investment is still slack; capacity utilisation has not fully recovered, he says.

RBI Monetary policy LIVE updates: Recovery in rural demand is expected to strengthen further, says RBI Guv

Recovery in rural demand is expected to strengthen further while urban demand further gaining momentum, says RBI governor Shaktikanta Das

RBI Monetary policy LIVE updates: Corporate bond spreads have narrowed to pre-covid levels, says Shaktikanta Das

Overall bond market conditions have evolved in an orderly manner and bond issuances have strengthened for those with strong credit ratings.

RBI Monetary policy LIVE updates: MPC is of the view that inflation is likely to remain elevated”, says RBI Governor

Shaktikanta Das also adds that further efforts are necessary to mitigate inflationary pressures.

MARKET LIVE: Sensex gains 200 points ahead of RBI monetary policy decision

Indian markets were trading half a per cent higher in Friday's early morning deals ahead of the announcement of the decision of RBI's monetary policy committee. Read on...
 

RBI Policy LIVE Updates: Know about MPC voting pattern

In the last policy all members except Jayanth R Varma voted to continue with the accommodative stance for an extended period, or at least till the next financial year, to revive growth on a durable basis while ensuring inflation is within the target.

RBI Policy LIVE Updates: While the MPC may hold the rates, the liquidity front could be where the action takes place.

While the MPC may hold the rates, the liquidity front could be where the action takes place. The abundant liquidity floating around in the system has caused short-term rates to crash.

RBI Monetary policy LIVE updates: Inflation has remained above the upper tolerance level of 6% for seven straight months now

Inflation has surprised on the upside, remaining above the upper tolerance level of 6% for seven straight months now.

Latest GDP number showed that Indian economy saw a sharp recovery in the second quarter

The latest gross domestic product (GDP) number showed that Indian economy saw a sharp recovery in the second quarter from the record decline of 24% in the previous quarter.

RBI Monetary policy LIVE updates: MPC is likely to keep policy rates unchanged

The MPC is likely to keep policy rates unchanged despite the persistent rise in inflation and strong bounce back in recovery.

RBI Governor Shaktikanta Das will announce the policy decision of the Monetary Policy Committee today

RBI Governor Shaktikanta Das will announce the policy decision of the Monetary Policy Committee today at 10:00 am, followed by a press conference at 12:00 pm.

RBI Monetary policy LIVE updates: Interest rate sensitive stocks in focus ahead of RBI's policy decision

Shares from interest rate sensitive auto, banking and realty sectors will be in spotlight ahead of the Reserve Bank of India's (RBI) monetary policy decision today.

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