Discover and read the best of Twitter Threads about #CreditPolicy

Most recents (3)

RBI Governor leaving Repo unchanged at 4%,ReverseRepo@ 3.35%&Marginal StandingFacility@ 4.25%,on expected lines

Interestingly,MPC voted for status quo unanimously,which is good news

GDP growth projected at 10.5% in FY22,Vs Modi Govt's projection of 11%&IMF's 11.5%
Despite a massive Rs 12 lakh Cr of govt borrowings estimated in FY22,the good thing is,weighted average cost of funds has been 5.78%,so @narendramodi govt will be able to borrow at competitive rates

Accommodative Stance by RBI Governor,bodes well

Reserve money rose by 14.5% YoY
Enough #Liquidity there in system,in LAF window,with banks provided addnl liquidity of Rs 1.53 lakh Cr

Hence,#CRR will be hiked back to 3.5% from 27th March 2021&to 4% from 22nd May,2021

For 1HFY22,#Inflation projected at 5-5.2%,from earlier range of 4.6-5.2%

Read 6 tweets
Excellent decision by RBI to reject bids of 66473Cr from banks,for 10000Cr OMO,that was scheduled today

Banks,sitting on excess liquidity of 4.06 lakh Cr&demanding high yields

By rejecting bids,#RBI,trying to push down yields to sub 6%&coax banks to lend,to boost credit offtake
Next #OMO bond purchase of 10000Cr,slated for 1stOct

Last OMO under #OperationTwist for 15000Cr,was on 26thMarch'20

RBI,injecting liquidity regularly via #OpTwist,wherein it buys long dated paper&sells short term paper

@narendramodi gov's efforts to flatten rate curve,laudable
MPC to meet between 29thSep-1stOct'20

#RBI slated to keep status quo&not lower rates--While Aug CPI at 6.69% is lower than July #RetailInflation of 6.93%,fact is,#CPI is still on higher side

RBI expected to continue with quantitative easing though,by doing #OMOs

Read 3 tweets
#Farmers are standing up for some basic needs, the #FarmersBillOfRights. We need these in order to survive as producers & caretakers of our shared land, water, soil, & communities. Join our fight!
Thanks to the original co-sponsors: @RepDebHaaland, @chelliepingree & @CoryBooker
@RepDebHaaland @chelliepingree @CoryBooker Learn more about the #FarmersBillOfRights by reading this quick synopsis:
@RepDebHaaland @chelliepingree @CoryBooker 1) RIGHT TO FAIR, OPEN MARKETS: We need #competitive marketplaces to buy seeds, supplies & goods, & sell the fruits of our labor. It's become nearly impossible for independent rural businesses to compete with multinational #monopolies. Farmers need strong #antitrust. #bustupbigag
Read 13 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!