“It is a very-very good liquidity provision they have done. Now, followed up with another repo rate cut and changing the stance from neutral to accommodative and clearly directionally telling that we are pro-growth now,” says Sanjay H Parekh, Sohum Asset Managers.The verdict is out. If you look at the RBI stance, there is a … Read more
Mumbai: India’s central bank digital currency pilots in wholesale and retail segments have largely met with success since last year, but some banks have recently hit a bump as statutes do not permit the money to be used for meeting the Cash Reserve Ratio (CRR) requirement. A person aware of the development told ET that … Read more
The Reserve Bank of India (RBI) may extend the temporary incremental cash reserve ratio (CRR) it imposed on banks last week as the monetary authority is seen training its sights on liquidity management to tackle inflation rather than lifting benchmark policy rates to tame wild jumps in food prices. Consumer Price Index (CPI) inflation surged … Read more
NEW DELHI: Sovereign bonds enjoyed strong buying support on Wednesday despite a 50-basis point rate hike by the Reserve Bank of India as the central bank refrained from further whittling down the liquidity surplus in the banking system through a fresh hike in the cash reserve ratio, dealers said. The rise in bond prices on … Read more
Indian lenders have requested the Reserve Bank of India (RBI) not to further increase the cash reserve ratio (CRR) threshold in the upcoming monetary policy to ensure unhindered credit growth amid a visible reduction in surplus liquidity since early May, two people aware of the representations told ET. Indian Banks Association (IBA) made the requests … Read more
The government responded to high inflation in the economy by announcing a series of steps to cool prices and cushion the impact on the common man. This comes after retail inflation hit 7.8 per cent in April and the wholesale prices crossed 15 per cent reflecting the input cost pressures. The rising food and fuel … Read more
Mumbai: Rising COVID-19 cases may come in handy for the Reserve Bank of India to reiterate its accommodative stance to push growth despite rising inflation and bond yields, when the central bank’s MPC meets to decide on rates next week. A prospect of a lockdown adds to the growth concerns even as there risks of … Read more
MUMBAI: The non-food component in the price basket will continue to keep inflation at a high level and result in a “long pause” in interest rates, a foreign bank said on Wednesday. The central bank is likely to pare the pandemic-driven emergency response as well, the report by Singaporean lender DBS said. It can be … Read more