RBI: no change in rates in August 2021
GDP will grow at 9.5% in 2021-22. 21.4%in Q1, 7.3% in Q2, 6.3% in Q3, 6.1% in Q4. 17.2% in the subsequent year: RBI
Recovery more important than inflation, which will remain closer to the 6% upper band. Inflation to moderate in the Oct-Dec quarter. #RBIPolicy
10 year (new one) sees yield go up to 6.23%. Not good.
VRRR window auctions have hajaar interest - so massive new VRRR auctions
(Variable rate repo = banks get to ask for slightly higher interest than fixed rate repo)
(Variable rate repo = banks get to ask for slightly higher interest than fixed rate repo)
More OMOs and GSAP to come. This hasn't helped in the past but there will be a tipping point. Active trading is required, so GSAP will be across the spectrum
RBI will upload everything after the statement. I'm just too curious.
On tap TLTRO extended to Dec 31
Relaxation of MSF by dipping into SLR by 1% of NDTL extended (cumulative 3%) extended to Dec 31
If you don't know what this means, this will do nothing to change your life.
If you don't know what this means, this will do nothing to change your life.
We are going to jump off from LIBOR like its a vat of toxic sewage. (it is)
So now everyone pls to renegotiate your contracts. (Already advised) Use anything that is widely accepted as a ref rate - and it wont be a restructuring
So now everyone pls to renegotiate your contracts. (Already advised) Use anything that is widely accepted as a ref rate - and it wont be a restructuring
2nd wave will hit, so the meeting of debt service coverage ration etc. target date is moved to 1 oct 2022
Basically nothing much. There's trouble coming. Rates will remain low. Things should improve from Oct-Dec quarter.
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