The Reserve Bank of India (RBI) presented its bi-monthly monetary policy statement on Thursday. This is the central bank's first monetary policy meeting under the leadership of the new governor Shaktikanta Das.
The Reserve Bank of India (RBI) is likely to keep keypolicy rates unchanged in its February Monetary Policy Committee (MPC) meeting, that started on Tuesday.
Markets open on a positive note ahead of the policy meet. BSE Sensex up 108.39 points. Broader index NSE Nifty up 23.45 points.
04:4407 Feb 2019
Even as RBI is expected to hold on to the key rates, its expected that the apex bank will change the outlook from 'calibrated tightening' to 'neutral', thereby making room for for rate cuts in April.
04:4807 Feb 2019
This time RBI is set to announce the MPC decision at 11:45 am, unlike earlier times, when it used to announce the decision only at 2.30 pm. This is the first meeting of MPC under governorship of Shaktikanta Das.
05:0607 Feb 2019
Interestingly, the CARE Ratings Debt Quality Index, which has come out just now, shows a degradation of 10 basis points to 90.82 in January. The rating agency takes a data set of 1,599 companies, with base year of 2012, to arrive at the debt quality index