Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
RBI may hike reverse repo rate up to 0.25 pc in next week's policy, says report
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.
RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore
Mumbai/IBNS: Reserve Bank of India will conduct another three day Variable Rate Reverse Repo (VRRR) auction next week in order to draw out up to Rs 2,00,000 crore.
Banks, business community laud RBI's accommodative stance on repo rate
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.
RBI to announce Monetary Policy on Oct 9
Mumbai/IBNS: The Reserve Bank of India (RBI) will announce monetary policy on October 9.
Wholesale inflation increases 0.58% in November
New Delhi/IBNS: The wholesale inflation jumped 0.58% in November, government data released on Monday revealed.