The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic
Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of resolution of monetary policy statement
To mitigate the economic impact of COVID-19 outbreak, in a surprise move, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points
Coronavirus Outbreak: RBI slashes benchmark lending rate by 40 bps; extends moratorium on loans for another 3 months
In an off-cycle meeting of the Monetary Policy Committee (MPC), the decision was taken unanimously to cut repo to support growth.
RBI announces calender of MPC meetings for FY21; next meet of rate-setting panel scheduled for 3-5 June
The Reserve Bank of India on Monday announced the calendar of the meetings of the Monetary Policy Committee (MPC) for the current financial year, and decision of the first meet will be announced on 5 June
The RBI may also clarify if the three-moratorium applies to non-banking finance companies as well.
The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic
Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement
The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind
Coronavirus Outbreak: RBI cuts repo rate by 75 bps to 4.40%; full text of seventh bi-monthly policy statement
All members voted for a reduction in the policy repo rate and maintaining the accommodative stance as long as it is necessary to revive growth and mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target
Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference
The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier
RBI likely to announce liquidity-boosting steps to help stabilise financial markets amid coronavirus outbreak
A rate decision is unlikely to be taken by the RBI before its scheduled meeting, both the officials said.
RBI may not follow Fed with rate cut next month; rally in bond yields likely to prove premature: Economists
The RBI has repeatedly said there is space for more rate cuts if inflation eases. The February reading, to be released later in the month, might prove critical.
RBI rate committee torn between growth concerns, inflation fears; says timing of any cuts would be critical
The MPC kept rates on hold as expected on 6 February while also retaining its accommodative monetary policy stance as long as it was necessary to revive growth
Trend of high inflation, low growth continues: No strong revival signs yet; all we have are warning signals
The twin set of macroeconomic data released on Wednesday doesn’t augur well for the economy
SBI slashes interest on FDs from today; here are latest rates of various fixed deposit products of PSB
For the FDs maturing between 46 and 179 days, the interest rate has been slashed BY 50 bps. Now, these deposits will fetch an interest rate of 5 percent.
RBI monetary policy: Corporate India pitches for rate cut going forward; welcomes economy-boosting measures
India Inc on Thursday welcomed the measures announced by the RBI to boost growth and improve liquidity, but called for slashing the policy rate, which was kept unchanged for the second time in a row
RBI monetary policy: Bankers, analysts hail liquidity boosting policy measures; say its 'quite progressive and forward looking'
Bankers and analysts were positively surprised with the slew of liquidity-enabling measures announced in an otherwise expected RBI monetary policy that left the key rates unchanged at 5.15 percent
SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too
SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.
High inflation restricts RBI from choosing non-rate tools to support growth, says governor Shaktikanta Das
Till the space for a cut does not get available, the RBI will depend on liquidity management and ensuring the better transmission of past cuts to boost growth, Shaktikanta Das said
Rupee settles 6 paise higher at 71.19 against as RBI maintains accommodative stance; low oil price support local currency
At the interbank foreign exchange market, rupee opened on a positive note at 71.22. During the day, it saw a high of 71.11 and a low of 71.30.
Economists and financial experts have welcomed RBI's widely expected status quo on repo rate, and other announcements to spur economic growth and ensure money supplies effectively