Thread by @BiIndia

#RBIPolicy | RBI leaves repo rate unchanged at 4%

#RBIPolicy | RBI leaves reverse repo rate unchanged at 3.5%, maintains accommodative stance

The MPC’s mandate is to keep inflation within the prescribed limits of 2% to 6%. The wholesale price index (WPI), which was at 2.5% in January, has grown nearly five-fold to hit 10.5% in April.

#RBIPolicy #ShaktikantaDas

Consumer Price Index (CPI) was slightly lower in April at 4.2% — compared to 5.52% in March — but the onset of lockdowns and surge in COVID-19 cases has created a lot of disruption in the last one month.

#RBIPolicy #ShaktikantaDas

Provisional estimates of the national income released by the NSO place India’s GDP contraction at 7.3% for FY20-21 with GDP growth in Q4 at 1.6% YoY.

#RBIPolicy #ShaktikantaDas

A normal monsoon to provide tailwind for economic revival, says RBI Governor #ShaktikantaDas

#RBIPolicy

Recent fall in inflation provides elbow room, policy support from all sides required to regain growth momentum.

The inflation print for April at 4.3% has brought with it some relief and policy elbow room.

#RBIPolicy #ShaktikantaDas

RBI cuts economic growth forecast for current fiscal to 9.5% from previous 10.5%: Shaktikanta Das

#RBIPolicy #ShaktikantaDas

(PTI)

RBI projects retail inflation at 5.1% in 2021-22

#RBIPolicy #ShaktikantaDas

(PTI)

Domestic monetary and financial conditions remain highly accommodative and supportive of economic activity.

Moreover, the vaccination process is expected to gather steam in coming months. And, that is expected to normalise economic activity.

#RBIPolicy #ShaktikantaDas

RBI to buy Rs 40,000 cr of govt securities on June 17; Rs 1.20 lakh cr G-Sec to be purchased in Q2, says Governor

#RBIPolicy #ShaktikantaDas

(PTI)

RBI Governor says India's forex reserves may have exceeded USD 600 billion

#RBIPolicy #ShaktikantaDas

(PTI)