INSUBCONTINENT EXCLUSIVE:
RBI Governor Shaktikanta Das said that the MPC voted unanimously to hold rates.New Delhi: The Reserve Bank of India's (RBI's ) Monetary
Repo rate is the rate at which the RBI lends money to commercial banks; while reverse repo rate is the rate at which the Reserve Bank
voted unanimously to hold rates and maintain an accommodative stance as long as necessary to push growth while ensuring inflation remains
year, the Governor mentioned
Retail inflation was projected at 5.3 per cent for FY22, he added."The MPC expectedly maintained status quo on the policy rates and stance
The rhetoric too has remained focused on maintaining durable growth as long as inflation remains well in check
We continue to expect RBI to fine tune the surplus liquidity to manage rates and consequently provide guidance on the operating target rate
shifting closer to the Repo rate
We retain our base case of reverse repo rate hike in February," said Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank.The central
bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to boost demand by cutting interest rate to a historic low.The
RBI has been mandated by the government to ensure that the retail inflation based on the Consumer Price Index (CPI) remains at 4 per cent
with a margin of 2 per cent on either side.Meanwhile, the domestic stock indices rallied with the benchmark BSE Sensex rising more than 700
