open an account
Span Margin
Refer A Friend
open an account

RBI Monetary Policy Live Updates: What RBI did in its last policy review of 2020

image On Tap TLTRO– extension of sectors and synergy with ECLGS 2.0
The on tap targeted long term repo operations announced on 9th October, 2020 will be expanded to cover other stressed sectors in synergy with the credit guarantee available under the Emergency Credit Line Guarantee Scheme (ECLGS 2.0) of the 7 Government.
This will encourage banks to extend credit support to stressed sectors at lower cost.
11:09 AM
Reflation trade
In the external front, the hardening of yields in the US reflects the lift from ‘reflation trade’
Prospects of political stability and expectations of fiscal stimulus have churned up risk appetite
Causing investors to exit the safe-haven of US treasuries and search for returns
As a consequence, surges of capital flows have flooded into India
RBI has been taking measures for dampening volatility and enabling orderly evolution of the exchange rate
The injections of liquidity through forex interventions are being sterilised by absorptions through the reverse repo
11:03 AM
Digital payment security control directions
RBI to come up with a comprehensive framework for enhanced disclosure of customer complaints, monetary compensation for any delayed redressal to be put in place
10:53 AM
The horizon has lighted up with a spate of positive news around vaccines and steady rise in recoveries. India's time has come to break free of the fetters of Covid-19 and reconfigure our destiny
- RBI Guv

10:52 AM
Top index gainers
UltraTech Cement Ltd. 5138.60 246.35 (5.04%)
Hindalco Industries Ltd. 254.25 12.35 (5.11%)
Bharti Airtel Ltd. 493.90 13.95 (2.91%)
ICICI Bank Ltd. 493.25 11.35 (2.36%)
Larsen & Toubro Ltd. 1148.15 23.10 (2.05%)
Price as on 04 Dec, 2020 10:52 AM, Click on company names for their live prices.
10:42 AM
We have lost lives and loved ones, but not hope. Not the conviction that we will overcome and emerge stronger
- RBI Guv

10:41 AM
Limit for contactless card transaction to be raised from Rs 2,000 to Rs 5,000 per transaction from January
10:41 AM
Growth Forecast
Real GDP change for FY21 is projected at a contraction of 7.5%.
Projecting 0.1% growth for Q3
0.7% growth for Q4
10:39 AM
RTGS system to be made 24X7 in next few days
10:38 AM
CPI inflation projections
6.8% for Q3 2020-21
5.8% for Q4 2020-21
5.2% - 4.6% in H1 of 2021-22
10:35 AM
Sensex hits 45,000 for the first time
10:35 AM
RBI on recovery
Recovery in rural demand expected to strengthen further
Urban demand too gaining momentum
Consumers remain optimistic
Business sentiment of manufacturing firms improving
10:31 AM
Sensex, Nifty rise ahead of monetary policy decision
10:29 AM
Economy recuperating faster with more sectors joining recovery path
- RBI Guv

10:28 AM
For financial markets,
Enhance liquidity support for financial markets
Regulatory support to improve the flow of credit
Provide a boost to exports
Deepen financial inclusion
10:27 AM
Business expectations going into Jan-Mar are rising, says RBI governor
10:25 AM
Commercial Banks will not give out dividends this year and retain all the profits, says RBI
10:24 AM
Will use various instruments at appropriate time to ensure ample liquidity is available in system, says RBI Guv
10:22 AM
Recovery in rural demand is expected to strengthen further while urban demand further gaining momentum, says RBI Guv
10:22 AM
Rupee rises 15 paise to 73.78 against US dollar in early trade
10:21 AM
Financial markets are working in orderly fashion, says RBI Governor
10:20 AM
Committed to preserve depositors’ interest in financial system
- RBI Governor Shaktikanta Das

10:20 AM
Sensex at 44,946.20, up by 313.55 points as Reserve Bank of India announces Monetary Policy statement
10:18 AM
Q3 growth seen at 1%; Q4 at 0.7%
10:17 AM
Real GDP growth for 2021 expected at -7.5 pc
The RBI had estimated GDP to contract by 9.5% in its assessment in October.
10:16 AM
CPI inflation for Q3 seen at 6.8%
5.8% in the third quarter and fourth quarter respectively.
10:14 AM
Marginal standing facility and bank rate remains unchanged at 4.25 per cent
10:14 AM
Nascent signs of recovery visible in second half of FY21, says RBI governor
10:13 AM
Inflation likely to remain elevated with some relief in the winter months. The inflation spiral is being fueled by supply chain disruptions, excessive margins and indirect taxes
10:11 AM
RBI on bond issuances
Bond issuances have strengthened for those with strong credit ratings
10:07 AM
RBI maintains accommodative stance
10:03 AM
With inflation in mind, Shaktikanta decides to keep power dry
10:03 AM
Reverse Repo Rate unchanged
10:02 AM
Repo Rate unchanged at 4%
09:54 AM
A status quo on the repo rate?
A Bloomberg poll of 29 economists showed that all expect a status quo on the repo rate.
09:50 AM
On GDP Front: What RBI said in October?
In its October monetary policy statement, the RBI had said the real GDP growth in 2020-21 was expected to be negative at (-) 9.5 per cent, with risks tilted to the downside
(-) 9.8 per cent in Q2:2020-21
(-) 5.6 per cent in Q3
0.5 per cent in Q4
09:46 AM
What to expect from RBI today?
The RBI, however, is expected to revise its growth projections as the second quarter GDP numbers at (–) 7.5 per cent worked to be better than its projected contraction.
09:36 AM
Sensex jumps 118.56 points to 44,751.21 in opening session
Nifty rises 42.70 points to 13,176.60
09:31 AM
The Reserve Bank of India (RBI) has already cut its key interest rate by a total 115 basis points this year to revive growth and cushion the impact of the COVID-19 pandemic.
09:31 AM
The NSE Nifty 50 index rose 0.31% to 13,174.65 as of 0345 GMT, while the S&P BSE Sensex was up 0.29% at 44,763.11.
09:30 AM
Indian shares edged up on Friday, ahead of a central bank decision that would potentially leave interest rates unchanged in the face of stubbornly high inflation and a slowing economic contraction.
09:27 AM
Experts worried about the Michael Mania
Coined after RBI deputy governor Michael Patra — the tall, articulate RBI old-timer — whose hawkish statements, appearing in the MPC minutes (which are released a fortnight after the policy address) have in the past reversed bond yields and taken dealers by surprise.
09:26 AM
Can Das really afford to do — or, even say — that could suddenly reverse the bond yields that have softened?
He could run the risk of undoing what he has done. But RBI, like any central bank, is probably trying to grasp how and when the negative consequences of a sea of liquidity may unfold. It’s a point that more than one member of the monetary policy committee (MPC) would remind Das.
09:18 AM
India's next budget to focus on boosting growth, says finance minister India's economy will return to growth in 2021/22 and higher spending in the budget due in February will lay the foundations for even stronger growth in the next four to five years: Sitharaman
08:52 AM
The Reserve Bank of India is widely expected to hold the repo rate at 4.00% today, but its views on the current liquidity glut are keenly awaited with analysts eyeing possible measures to soak up excess liquidity.
08:51 AM
With headline inflation remaining above 7% in October for a second straight month and with nascent signs of an economic recovery, all 53 analysts and economists in a Reuters poll last week expected the central bank to stay on hold today.
08:51 AM
The RBI's rumoured buying of USD/INR in recent months to absorb sizable inflows and ensure the rupee remains export-competitive has led to an excess of liquidity in the system.
08:45 AM
RBI statement soon
..........................ET

04-Dec-2020