RBI MPC Meet Highlights: Increased momentum of vaccination drive should help normalise economic activity, says Das

RBI Governor Shaktikanta Das announced that the key repo rate will remain unchanged for a fifth time at 4%. he also said that the impact of the second wave on economic activity is relatively contained.

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RBI planning policy package to consolidate India as vaccine capital of the world

Banks can lend fresh support to hotels, restaurants, tourism sector under on-tap liquidity scheme of Rs 15,000 crore

CRR restored to pre-pandemic level of 4% on May 22: Governor Das

Focus of RBI turning from systemic liquidity to its equitable distribution

Purchase of GSECS of Rs 40,000 crore to be conducted on June 7th

CPI inflation projected at 5.1% for 2021-22

Vaccination drive expected to gather steam in the coming months, should help normalise economic activity: Das

Impact of second Covid-19 wave on economy activity expected to be relatively contained: Governor Das

Policy support from all sides required to gain momentum of growth, nurture growth: Das

RBI keeps repo rate unchanged at 4%

Reverse repo rate stays unchanged at 3.35%, says RBI Governor Das

Governor Das begins his address

Sensex, Nifty start on positive note ahead of RBI policy outcome

Equity benchmarks Sensex and Nifty opened marginally higher on Friday ahead of theReserveBank’spolicy outcome.

After opening on a flat note, the 30-share BSE index was trading 59.24 points or 0.11 per cent higher at 52,291.67 in initial deals, and the broader NSE Nifty advanced 16.85 points or 0.11 per cent to 15,707.20. (PTI)

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The RBI may even lower its economic growth forecast downward for 2021-22 lower than its earlier estimate of 10.5%.

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The government will have to do its bit to help for a faster recovery and start spending at the earliest, Axis Bank's chief economist Saugata Bhattacharya said on Thursday, estimating the FY22 GDP growth to come at between 9.5-10 per cent.

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The Reserve Bank of India is expected to leave the key policy repo rate unchanged on Friday, once again turning its gaze on growth supportive measures as the second Covid-19 wave is expected to leave a lot of uncertainties on the economic front.

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