The six-member Monetary Policy Committee (MPC), chaired by the RBI Governor, will meet for three days beginning October 6
Banks too giving greater attention as borrowing cost is cheaper in the global market for sustainable projects.
The prospects of entering into a low inflation, low interest rate economic scenario will have implications for all of us.
RBI Monetary Policy Outcome: The six-member MPC has kept the repo rate steady at 4% with an accommodative stance.
The MPC, a six-member team headed by RBI governor Shaktikanta Das, had left the rates unchanged last time, citing concerns about inflation.
Gold investment: One of the key drivers of gold prices nowadays is the negative real yields on bonds in a low interest rate regime
RBI stance is aimed at giving a boost to consumption and economy, while also keeping a tab on inflation. The accommodative stance is likely to continu
The US markets ended lower on Thursday on wary about the Federal Reserve potentially shifting monetary policy.
The movement of the rupee against the dollar and crude oil prices, the movement in global stock markets will dictate trend on the bourses in the near
RBI kept repo rate unchanged at 4% and maintained an accommodative stance. Reverse repo rate stands at 3.35%.