Press "Enter" to skip to content

RBI Monetary Policy LIVE Updates: Governor Shaktikanta Das to announce MPC decision shortly – Moneycontrol.com

August 06, 2021 / 09:33 AM IST

Check the market reaction to the MPC announcement on our LIVE blog.

August 06, 2021 / 10:02 AM IST

JUST IN: RBI maintains status quo; keeps repo rate unchanged

August 06, 2021 / 09:42 AM IST

RBI Monetary Policy LIVE Updates: Dinesh Unnikrishnan, Deputy Editor, Moneycontrol:

The Crypto Conundrum!
Of course, another important issue everyone wants to hear about from the central bank, apart from monetary policy itself, is any further clues on Cryptocurrency. While the RBI has clearly said it will bring out a central bank digital currency (CBDC) eventually, the signals from the RBI so far with respect to private virtual currencies is that of high caution. The Cryptocurrency Bill was supposed to happen in Parliament’s Monsoon session, but it didn’t for some reason. Will RBI Governor, Shaktikanta Das today touch up on the much hyped subject? Worth watching!

August 06, 2021 / 09:34 AM IST

RBI Monetary Policy LIVE Updates: Dinesh Unnikrishnan, Deputy Editor, Moneycontrol:

Another key question to be asked and an answer is awaited is whether the Governor’s statement will have any cues on policy normalization. Over the last one and half years, since the Covid onslaught happened, the RBI has unleashed liquidity in the financial system through various channels to make sure a tight liquidity situation doesn’t lead to panic. The measures have indeed helped to ensure calm in the markets and credit flow to critical sectors. But, at some point, the RBI will have to begin unwinding the easy money regime. Also, if the growth recovers and high inflation persists, rates need to harden, accommodative stance need to go. Is it time to start guiding the markets on policy normalization? Will we hear about it today? Fingers crossed!

August 06, 2021 / 09:26 AM IST

RBI Monetary Policy LIVE Updates: Dinesh Unnikrishnan, Deputy Editor, Moneycontrol:

The choice before the MPC today is limited. Nothing has changed significantly from the last monetary policy review. Inflation remains high above the comfort zone of the MPC and growth cues remains weak ravaged by a devastating pandemic. At this juncture, the only logical outcome is to keep the rates steady and repeat the assurance to markets that RBI will continue on a growth supportive stance.

August 06, 2021 / 09:10 AM IST

August 06, 2021 / 09:10 AM IST

RBI Monetary Policy LIVE Updates: RBI Governor Shaktikanta Das to make the monetary policy statement at 10 am

August 06, 2021 / 08:53 AM IST

RBI Monetary Policy LIVE Updates: While most analysts reckon the RBI won’t raise interest rates till next year, some expect the RBI to offer some clues as to when it will start reducing liquidity in a commentary that is released after the monetary policy committee (MPC) meeting.

All 61 economists polled by Reuters said they see no change in the repo rate which has been steady at 4 percent since May last year. But the consensus expected the RBI to make two 25 basis point increases next fiscal year, taking the repo rate to 4.50% by end-March 2023. (Inputs from Reuters)

Read the full story

August 06, 2021 / 08:27 AM IST

RBI MPC Preview: Durability Of Rebound From Second Wave, Stickiness In Inflation Will Be Top Concerns

RBI MPC Preview: Durability Of Rebound From Second Wave, Stickiness In Inflation Will Be Top Concerns

Since the last rate review in June, policymakers have had two months’ inflation prints on hand and a host of high-frequency indicators signalling that economic momentum has largely recovered from the…

August 06, 2021 / 08:26 AM IST

RBI Monetary Policy LIVE Updates: Will MPC revise interest rates, inflation target?

It is extremely unlikely that the MPC will tinker with rates and move either way on the rate stance. The reason is simple: nothing has changed significantly since the last policy to warrant a change in the rate stance. The policy stance has been “accommodative” which essentially rules out a rate hike.

A majority of the economists Moneycontrol spoke to expect no change in rates or MPC’s policy stance. High inflation and uncertain growth scenario will likely force the policymakers to continue on a wait-and-watch mode for more cues, they said.

Read the full story

August 06, 2021 / 08:23 AM IST

RBI Monetary Policy LIVE Updates: It is widely expected that the Monetary Policy Committee (MPC) will maintain status quo and keep the key interest rates steady. Currently, the repo rate is 4 percent and reverse repo rate is 3.35 percent.

The monetary policy announcement comes as the economy is recovering after the harsh second wave of COVID-19. 

The MPC had last changed the repo rate in May 2020. It has cut the repo rate by 250 bps since February 2019.

August 06, 2021 / 08:18 AM IST

Good morning. Welcome to Moneycontrol’s LIVE coverage of the Reserve Bank of India’s monetary policy announcement. The Monetary Policy Committee (MPC) will release its statement on key interest rates.

Stay tuned to this LIVE blog for the latest updates.