Crr

The Reserve Bank of India (RBI) will undertake repo operation of up to Rs 1 lakh crore to infuse liquidity into the market.

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coronavirus.

Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...

The Reserve Bank of India on Thursday tweaked the cash reserve ratio (CRR) norms in a bid to increase lending to micro, small and medium enterprises.

"As a part of this, it has now been decided that scheduled commercial banks will be allowed to deduct the equivalent of incremental credit disbursed by them as retail loans for automobiles, residential housing and loans to micro, small and medium enterprises (MSMEs), over and above the outstanding level of credit to these segments as at the end of ...

RBI could also consider buying more bonds from the open market and open a special window for mutual funds to inject liquidity, said official.

The RBI's outlook will be guided by the unexpected rise in inflation and the robust growth that the economy registered in the quarter ended March 2018.

A Reuters poll showed 56 of 60 analysts expect the RBI's monetary policy committee to keep its repo rate unchanged at a 6-1/2 year low of 6.25 per cent.

The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.

The RBI move to keep repo rate steady was widely expected. All 60 economists polled by Reuters predicted that the six-member monetary policy committee will leave the repo rate unchanged.

Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.

After springing surprises in all three of its past monetary policy meetings, some analysts have not ruled out another one from the Reserve Bank of India later today.

The rupee has gained about 2 per cent to a 16-month high in March after PM Modi's landslide state election win, outperforming its Asian peers and all but five of the world's emerging-market currencies.

The RBI said the measure was no longer needed after the government agreed to issue special bonds to absorb the liquidity.

The RBI temporarily hiked the CRR to 100 percent as banks were awash with deposits as people turned in their abolished notes.

The Reserve Bank of India (RBI) will undertake repo operation of up to Rs 1 lakh crore to infuse liquidity into the market.

RBI slashed rates on Friday, following other central banks, in an emergency move to counter the economic fallout from a fast-spreading coronavirus.

Reserve Bank of India (RBI) Governor Shaktikanta Das slashed the key lending rate by 75 basis points (0.75 percentage point) in an emergency move on Friday, to counter the economic fallout from the fast-spreading coronavirus pandemic. The move came after an unscheduled meeting of the Shaktikanta Das-headed Monetary Policy Committee, which was origi...

The Reserve Bank of India on Thursday tweaked the cash reserve ratio (CRR) norms in a bid to increase lending to micro, small and medium enterprises.

"As a part of this, it has now been decided that scheduled commercial banks will be allowed to deduct the equivalent of incremental credit disbursed by them as retail loans for automobiles, residential housing and loans to micro, small and medium enterprises (MSMEs), over and above the outstanding level of credit to these segments as at the end of ...

RBI could also consider buying more bonds from the open market and open a special window for mutual funds to inject liquidity, said official.

The RBI's outlook will be guided by the unexpected rise in inflation and the robust growth that the economy registered in the quarter ended March 2018.

A Reuters poll showed 56 of 60 analysts expect the RBI's monetary policy committee to keep its repo rate unchanged at a 6-1/2 year low of 6.25 per cent.

The RBI kept its repo rate unchanged at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against a potential flare-up in inflation and an uncertain global economic environment.

The RBI move to keep repo rate steady was widely expected. All 60 economists polled by Reuters predicted that the six-member monetary policy committee will leave the repo rate unchanged.

Excess funds are limiting the central bank's ability to intervene in the foreign-exchange market to rein in the rupee's rally.

After springing surprises in all three of its past monetary policy meetings, some analysts have not ruled out another one from the Reserve Bank of India later today.

The rupee has gained about 2 per cent to a 16-month high in March after PM Modi's landslide state election win, outperforming its Asian peers and all but five of the world's emerging-market currencies.

The RBI said the measure was no longer needed after the government agreed to issue special bonds to absorb the liquidity.

The RBI temporarily hiked the CRR to 100 percent as banks were awash with deposits as people turned in their abolished notes.