“Only one surprise which has come out is that the inflation numbers for Q3 is likely to be higher than the earlier projected, that is something a little different, looks like because of that assessment only they did not go in for a rate cut despite the last two numbers having been below Reserve Bank’s … Read more
Government bonds plummeted on Wednesday, with yield on the 10-year benchmark 6.54 per cent 2032 paper surging eight basis points to 6.91 per cent as traders rushed to dump stock after the Budget for the next financial year announced an all-time high borrowing programme. The Reserve Bank of India’ s decision to announce a two-day … Read more
The aggregate demand in the economy is `limping back’ but a catch-up to the pre-pandemic level will take some more time, Reserve Bank of India in its assessment of the economy. The Monetary Policy Committee decided to stick to the objective of reviving growth over reacting to inflation as its approach is to gradually tackle … Read more
MUMBAI: The Indian rupee‘s near-term fortunes may directly be influenced by the Reserve Bank of India‘s intent on preventing any further depreciation in the currency as the surge in COVID-19 cases hits jobs and growth, economists and traders said. The rupee has already lost 2.6% against the dollar so far this month, putting it on … Read more
V Anantha Nageswaran, EAC-PM Member, in an interview with ET Now tells that RBI’s policy, unlike in other countries is not active suppression on the real rate and the central bank has taken into consideration only priority points for economic growth. Edited excerpts: Mythili Bhusnurmath: There is a most significant part of the governor statement … Read more