The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided on Wednesday to raise the benchmark policy rate by 50 basis points, bringing the repo rate to 4.90 percent, following a surprise rate hike in an off-cycle meeting in May. As a result, the standing deposit facility (SDF) rate has […]
When the Federal Reserve tightens, the Reserve Bank of India tries to defend its currency once more. Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is […]
According to a poll, the Reserve Bank of India will raise its repo rate in June, and at a faster rate than forecast just a few weeks ago, as rising inflation puts pressure on the central bank to move sooner. Retail inflation increased to nearly 7% in March, exceeding the central bank’s goal range of […]
By Administrator_ India Capital Sands The Reserve Bank of India has decided to transfer a surplus of Rs 99,122 crore to the central government, it said. The decision was taken at the 589th meeting of the Central Board of Directors of RBI on May 21, 2021. Last year, RBI transferred only 44 percent of its […]
By Administrator_ India Capital Sands The RBI remained net buyer of the US dollar in December after it purchased $3.991 billion from the spot market, data showed. During the reporting month, the central bank bought $10.014 billion and sold $6.023 billion in the spot market, the RBI said in its monthly bulletin for February 2021. […]
By Administrator_India Capital Sands MUMBAI: The Reserve Bank of India Governor Shaktikanta Das will announce the policy decision of the Monetary policy committee on Friday at 10 am. This is the first meeting of the new MPC which was formed after the appointment of three external members – Jayant Verma, Ashima Goyal and Shashanka Bhide. […]
By Administrator_India Capital Sands Yields fell on Tuesday after the Reserve Bank of India said it would buy and simultaneously sell Rs 20,000 crore of bonds from the market in two equal tranches. Such buy-sell transactions are commonly called Operation Twist. Under this mechanism, the central bank buys long term bonds and sell short-term bonds. […]
