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Reserve Bank of India (RBI)


Center is eyeing RBI reserves to fund ‘electoral lollipops’. Krishnan

RBI has removed charges for payments via NEFT and RTGS and questioned banks to pass on the benefits to customers. This means that payments via NEFT and RTGS would become either free or charges would be drastically decreased. This was announced in the Statement on Developmental and Regulatory Policies, which was released today by the …

At first glance, it appears that the 25 basis points repo rate cut by the Reserve Bank of India (RBI) and its change in policy stance to ‘accommodative’ from ‘neutral’ failed to please the market, with equity barometer Sensex plunging 600 points right after the policy announcement. Market observers say the move was expected and …

Center is eyeing RBI reserves to fund ‘electoral lollipops’. Krishnan

Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points (bps). This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary …

The Reserve Bank of India cemented its position as Asia’s most dovish central bank with a third straight interest-rate cut Thursday. Unlike the last two policy decisions, it was unanimous this time, with all six MPC members voting for a cut in rates and an alteration instance. The move gives the Narendra Modi government a helping hand …

The Reserve Bank of India has come a long way from the days when monetary policy statements would average 13,000 words. That’s more than the average length of a Masters thesis in economics and was before the adoption of inflation targeting in 2016. Since then, the central bank has become briefer and less complex in its policy communication, according …

The Monetary Policy Committee (MPC) can’t complain. Compared to when it last met early April, just days before the first phase of the Lok Sabha elections, it is now faced with much less uncertainty when it meets tomorrow for the second bi-monthly monetary policy statement due June 6. Sure, as legendary baseball coach Yogi Berra stated, ‘The future …

Economics has always retained proper space for human emotion to counterbalance stone-cold logic that provides the superstructure to the science of money. This was evident in Mint Road’s rate decision last week when policy bosses at the central bank voted 4-2 to decreased borrowing costs in an economy where ‘core inflation’ still remains stubborn. Did …