LIVE RBI Monetary Policy Updates: Inflation is expected to average 5.7 percent in FY23, according to RBI Governor Shaktikanta Das.

  • April 8, 2022, 10:45 a.m.

RBI Monetary Policy Committee LIVE Updates: The Reserve Bank of India's rate-setting panel started discussions to firm up the next bi-monthly monetary policy on April 6 amid expectations that it might retain status quo on interest rate but change its monetary policy stance amid rising inflation on account of geopolitical developments. The Monetary Policy Committee (MPC), headed

  • APRIL 08, 2022 / 09:58 AM IST 

    RBI Governor Shaktikanta Das' comments are being closely tracked, for any change in language that may hint at a shift in the current easing bias.

  • APRIL 08, 2022 / 10:37 AM IST

    RBI Monetary Policy Committee LIVE Updates: RBI Governor Shaktikanta Das announces
    -- Held-to-maturity limit to revert to 22 percent of banks' net demand and time liabilities in FY24. 
    -- RBI also proposes panel to review status of customer service at RBI-regulated entities
    -- Cardless cash withdrawal to be made available at all bank branch and ATMs via UPI, to prevent fraud

  • APRIL 08, 2022 / 10:35 AM IST

    RBI Monetary Policy Committee LIVE Updates: SDF, MSF will be available from 5:30 pm till midnight all days of the week. Money market opening time restore to 9:00 am, which is the pre-pandemic time. Gradual, calibrated withdrawl of liquidity over multi-year time frame, in a non-disruptive manner beginning this year. Will deploy various instruments as warranted to help the government complete its FY23 market borrowing programme. RBI expects CAD to stay at sustainable levels which can be financed with normal capital flows. Remain committed to maintaining orderly conditions in domestic financial markets: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:27 AM IST

    RBI Monetary Policy Committee LIVE Updates: Normalisation of Liquidity Adjustment Facility (LAF) corridor done today should not come as a suprise to market participants. Financial markets were prepared for the LAF corridor over past several months. We are introducing Standing Deposit Facility (SDF) to provide symmetry to operating framework of monetary policy. RBI will introduce SDF as floor for the LAF corridor. SDF to have 3.75 percent interest rate. Access to SDF, MSF will be at the discretion of the banks. SDF also a financial management tool to strengthen financial stability, will be 25 bps below the policy rates. Width of the LAF corridor restored to the pre-pandemic level of 50 bps. Financial markets regulated by central bank to now open at pre-pandemic time of 9 am: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:24 AM IST

    RBI Monetary Policy Committee LIVE Updates: CPI inflation seen averaging 5.7 percent in FY23. It is seen averaging 6.3 percent in April-June 2022; seen averaging 5.0 percent in July-September 2022; seen averaging 5.4 percent in October-December 2022; and seen averaging 5.1 percent in January-March 2023. Macroeconomic outlook going under tectonic shifts, must take preemptive steps. RBI will continue to take nuanced and nimble approach: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:23 AM IST

    RBI Monetary Policy Committee LIVE Updates: Assuming oil at $100. GDP growth seen at 16.2 percent in April-June 2022; at 6.2 percent in July-September 2022; at 4.1 percent in October-December 2022; and at 4.0 percent in January-March 2023. Edible oil prices likely to stay elevated in the near term. Spike in crude oil since end-Feb poses substantial risk to inflation. Inflation projection frought with risk, contingent to global crude prices: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:18 AM IST

    RBI Monetary Policy Committee LIVE Updates: RBI rewrites stance to less accommodative. RBI rephrases accommodative stance to focus on withdrawal of accommodation. Concerns over protracted supply disruptions have rattled commodity and financial markets. RBI raises reverse repo rate by 40 bps to 3.75 percent. Inflation is now projected to be higher and growth lower than February's expectations: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:14 AM IST

    RBI Monetary Policy Committee LIVE Updates: Since last meeting, expected benefits of ebbing of Omicron offset by geopolitical situation. Are introducting Standing Deposit Facility, which will form the floor of the Liquidity Adjustment Facility corridor. Projection of global inflation ratcheted up, risk of sizeable impact across geographies in global production. Cost pressure, supply chain disruptions likely to linger on: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:10 AM IST
  • RBI Monetary Policy Committee LIVE Updates: MPC voted unanimously to leave the repo rate unchanged at 4 percent. MPC also voted unanimously to keep stance accommodative. Reverse repo rate hiked to ensure liquidity. RBI to restore liquidity adjustment facility (LAF) corridor to 50  bps, as it was pre-Covid. MSF Rate and Bank Rate remain unchanged at 4.25%: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:06 AM IST

    RBI Monetary Policy Committee LIVE Updates: RBI has successfuly navigated its course through turbulent waters. With the commencement of the war in Europe, we are confronted with new and humoungous challenges. Conflict in Europe has the potential to derail the global economy: RBI Governor Shaktikanta Das

  • APRIL 08, 2022 / 10:03 AM IST
  • RBI Monetary Policy Committee LIVE Updates: RBI Governor Shaktikanta Das begins begins first MPC policy for FY23

  • APRIL 08, 2022 / 09:56 AM IST

    RBI Monetary Policy Committee LIVE Updates: Quick recap ahead of the MPC Live by Guv Shaktikanta Das
    -- RBI Guv's comments will be closely tracked, for any change in language that may hint at a shift in the current easing bias
    -- For the past 10 meetings, the MPC had not revised the repo rate, it was last cut in May 2020.
    -- CPI is at 6.07% in February as against 6.01% in January 2022
    -- ADB forecasts monetary policy in India will remain accommodative for quite some time
    -- RBI's MPC will meet six times in FY23. The next bi-monthly monetary policy will be held during June 6-8.

  • APRIL 08, 2022 / 09:52 AM IST
  • Market LIVE Updates: HDFC likely to have sold part stake in Bandhan Bank: Source
    Shares of Bandhan Bank Ltd  recorded a series of block deals on Friday with around 49.7 million shares or 3 percent stake in the bank changing hands in bunched trades, Bloomberg reported. Details of the buyers and sellers were not available.
    The stock opened nearly 1 percent lower after the huge block deal but soon recovered and was trading 1 percent higher at Rs 318 a share on BSE.
    CNBC Awaaz reported that HDFC Ltd is likely to sell around 50 million shares via bulk deal. As of December quarter, HDFC Ltd held 9.89 percent stake in the bank. 

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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