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%
#CreditPolicy
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%
#CreditPolicy
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
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%
#RBICreditPolicy
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%
#RBICreditPolicy
While Vegetable inflation fell to 3.41% in Dec 2020&Retail inflation fell to 4.59% from 6.93% in Nov 2020,RBI did the right thing by not lowering #Repo,as uptick in Fuel inflation,likely
Do note,#Brent Crude Oil price has risen by 17.67% in just last 1 month,to $59.27 per barrel
Do note,#Brent Crude Oil price has risen by 17.67% in just last 1 month,to $59.27 per barrel
As part of continuing efforts to increase retail participation in govt securities,RBI decided to move beyond aggregator model& provide retail investors online access to G-Secs,both primary& secondary, along with facility to open Gilt securities account,with RBI-This is a BIG move
Restoring Held to Maturity,#HTM facility back to 19.5% from June 30th 2023,is a practical move,now that stress on banks' balance sheets is visibly down&treasury portfolios of banks have been steady,with 10yr G-Sec at roughly 6% or thereabouts, for over a year now
#CreditPolicy
#CreditPolicy
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