RBI Monetary Policy Highlights: Repo rate unchanged; Inflation, GDP growth projections retained

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Business Today Desk Dec 08, 2021, Updated Dec 08, 2021, 11:01 AM IST

Monetary Policy of RBI Highlights: This is the ninth consecutive clip that the RBI has maintained a presumption quo connected the cardinal involvement rates. The existent repo complaint has been maintained astatine 4% by the cardinal bank.

 The existent   repo complaint   has been maintained astatine  4% by the RBI. RBI Reserve Bank of India Monetary Policy Highlights: The existent repo complaint has been maintained astatine 4% by the RBI.

RBI Monetary Policy Highlights: Amid the menace posed by the Omicron COVID-19 variant, the Reserve Bank of India (RBI) connected Wednesday (December 8) maintained a presumption quo successful its monetary policy, waiting for a much favourable clip to calibrate benchmark involvement rates to promote maturation without forgoing the superior extremity of containing inflation. RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) brought its three-day deliberations to a adjacent today, December 8. The gathering marks the extremity of the past bi-monthly argumentation conscionable of the calendar year. This is the ninth consecutive clip that the RBI has maintained a presumption quo connected the cardinal involvement rates. The existent repo complaint has been maintained astatine 4% by the cardinal bank.


Follow BusinessToday.In for each the latest updates connected the RBI Monetary Policy announcement today: -

10.56 am: RBI proposes to motorboat UPI-based outgo products diagnostic telephone users, says Das

  • To marque small-value UPI process travel simpler, via on-device wallet.
  • UPI transaction bounds to beryllium hiked to Rs 5 lakh from the existent bounds of Rs 2 lakh.
  • UPI transaction bounds hike lone for retail nonstop strategy for concern of G-Secs and IPO offering applications.
     

10.53 am: Markets volition conscionable the MPC determination with a cheer: Sonam Srivastava, Founder astatine Wright Research, SEBI RIA

"The markets volition conscionable this argumentation with a cheer arsenic it is precise accommodating to growth, and the country's ostentation anticipation investigation remains precise positive. This is successful enactment with the expectations of the markets and thus, affirmative sentiment is apt to bolster maturation successful sectors specified arsenic banking, real-estate, export/imports and manufacturing. The banal prices of companies successful these domains are apt to spot a emergence successful price. It is so a large clip for investors to beryllium invested successful the market," says Sonam Srivastava, Founder astatine Wright Research, SEBI RIA.
 

10.49 am: MPC's determination volition boost car assemblage chiefly targeting 4 wheelers and CVS: Ashish Sarangi, RIA  and CSO, Pickright Technologies

"The much-awaited RBI Monetary argumentation is retired and we invited this determination by MPC connected maintaining the involvement complaint flat. This volition further boost the car assemblage chiefly targeting 4 wheelers and CVS. This is presently the blistery marketplace arsenic we are seeing galore innovations and caller players entering the space. Let's spot however this volition play retired successful antithetic sectors, Housing assemblage which is presently reeling nether mild slump volition spot a boost arsenic investors volition instrumentality vantage of low-interest rates and commencement investing. So, we spot an upward determination successful the stocks of the lodging assemblage successful the adjacent agelong term," says Ashish Sarangi, RIA  and CSO of Pickright Technologies.
 

10.46 am: RBI determination volition bode good for each interest-sensitive sectors: Ramani Sastri - Chairman & MD, Sterling Developers Pvt. Ltd

"The RBI's determination connected keeping the repo complaint unchanged volition surely bode good for each interest-sensitive sectors up of the New Year erstwhile the system is connected its roadworthy to recovery. For location buyers, this determination volition assistance reinstate assurance and further entree to affordable location loans and assistance foster lodging demand. It has besides helped the assemblage to regain its spot arsenic good arsenic enactment afloat during these unprecedented times. The homebuyers should instrumentality vantage of the existent concern due to the fact that determination are chances that the prices mightiness spell upwards aboriginal connected relationship of reducing proviso and the unit of accrued costs of earthy materials," says Ramani Sastri - Chairman & MD, Sterling Developers Pvt. Ltd.
 

10.43 am: UPI payments without internet? Here's what RBI says


The RBI volition merchandise a treatment insubstantial connected charges connected integer payments successful India, and volition besides motorboat UPI-based outgo products for diagnostic telephone users.
 

10.34 am: Inflation to easiness soon, says RBI Guv Shaktikanta Das
 

Headline ostentation volition highest successful Q4 of the existent fiscal twelvemonth and soften thereafter, said RBI Governor Shaktikanta Das, adding that the cardinal slope pegs CPI ostentation astatine 5.3% for FY21-22.
 

10.32 am: RBI MPC conscionable outcome: Industry reactions

"We invited RBI's presumption quo connected argumentation rates. Economic maturation needs to beryllium supported done monetary argumentation and this is the foremost crushed that the RBI has continued its accommodative stance which has invoked a consciousness of optimism. With the affirmative maturation of the system implicit the past fewer months, the RBI leaving the repo complaint unchanged means homebuyers would proceed to reap the benefits of a grounds low-interest complaint regime. Keeping successful caput the existent scenario, a simplification successful the cardinal rates would person been wide celebrated arsenic low-interest rates person been a important origin successful the revival of request successful the existent property sector," says Lindsay Bernard Rodrigues, CEO & Co-Founder, The Bennet and Bernard Company.
 

10.28 am: RBI Monetary Policy: Key lending rates unchanged, GDP growth, Inflation projections retained; cardinal highlights


Here are the cardinal highlights of the RBI MPC conscionable outcome: -

The repo complaint remains unchanged astatine 4%
The reverse repo complaint stands astatine 3.35%
The Marginal Standing Facility (MSF) complaint is astatine 4.25%
Real GDP maturation retained astatine 9.5%.
Inflation retained astatine 5.3% for FY22

10.21 am: CPI-based ostentation retained astatine 5.3% for FY22; argumentation complaint unchanged

Inflation projection has been accrued from 4.5 per cent to 5.1% successful Q3 and reduced from 5.8 per cent to 5.7 per cent successful Q4 of 2021-22.

10.18 am: RBI retains GDP projections


The Central kept the existent GDP maturation projection astatine 9.5% for the existent fiscal year, comprising of 6.63% successful Q3 and 6% for Q4, RBI Governor Shaktikanta Das said.
 

10.12 am: RBI Monetary Policy unrecorded updates: MPC voted unanimously to support presumption quo
 

RBI's Monetary Policy Committee votes unanimously to support presumption quo connected cardinal lending rates and by a bulk of 5:1 to clasp the accommodative argumentation stance.
 

10.09 am: RBI keeps cardinal lending rates unchanged, amended prepared to woody with coronavirus, says Shaktikanta Das
 

"We are amended prepared to woody with coronavirus," says RBI Governor Shaktikanta Das amid uncertainty implicit Omicron.
 

10.05 am: RBI keeps repo complaint unchanged astatine 4%, maintains accomodative stance.

10.00 am: RBI MPC meet: Liquidity surplus sizeable: Care Ratings
 

The banking strategy has been flushed with surplus liquidity for the past 2 and fractional years and contempt measures by the RBI to rein successful the surplus, it continues to beryllium sizeable. The regular liquidity surplus (net outstanding) has widened from an mean Rs 5.17 lakh crore during Apr to mid -Aug'21 to Rs. 7.6 lakh crore since then, said Care Ratings.

9.57 am: RBI Monetary Policy Live Updates: Governor Shaktikanta Das to denote MPC determination shortly

RBI Governor Shaktikanta Das is going to denote the MPC determination astatine 10 am. 


9.54 am: RBI MPC Policy today: If RBI maintains presumption quo, it would beryllium 9th consecutive clip since the complaint remains unchanged

The RBI had past revised the argumentation complaint connected May 22, 2020, successful an off-policy rhythm to perk up request by cutting the involvement complaint to a historical low.

9.30 am: A Kotak Economic Research study stated that with uncertainty astir the caller COVID-19 variant Omicron, the RBI would perchance hold for immoderate clarity earlier moving decisively connected the cardinal argumentation rates.

9.25 am: Economists experts expect the MPC to support the presumption quo connected cardinal argumentation rates today


"...we judge the talks of a reverse repo complaint hike successful the MPC gathering whitethorn beryllium premature arsenic RBI has been mostly capable to constrictive the corridor without the sound of complaint hikes and ensuing marketplace cacophony," said an SBI probe report.

10:56 AM (35 minutes ago)

RBI proposes to motorboat UPI-based outgo products diagnostic telephone users, says Das

Posted by :- Manali
  • To marque small-value UPI process travel simpler, via on-device wallet.
  • UPI transaction bounds to beryllium hiked to Rs 5 lakh from the existent bounds of Rs 2 lakh.
  • UPI transaction bounds hike lone for retail nonstop strategy for concern of G-Secs and IPO offering applications.

10:53 AM (39 minutes ago)

Markets volition conscionable the MPC determination with a cheer: Sonam Srivastava, Founder astatine Wright Research, SEBI RIA

Posted by :- Manali

"The markets volition conscionable this argumentation with a cheer arsenic it is precise accommodating to growth, and the country's ostentation anticipation investigation remains precise positive. This is successful enactment with the expectations of the markets and thus, affirmative sentiment is apt to bolster maturation successful sectors specified arsenic banking, real-estate, export/imports and manufacturing. The banal prices of companies successful these domains are apt to spot a emergence successful price. It is so a large clip for investors to beryllium invested successful the market," says Sonam Srivastava, Founder astatine Wright Research, SEBI RIA.

10:47 AM (45 minutes ago)

RBI determination volition bode good for each interest-sensitive sectors: Ramani Sastri - Chairman & MD, Sterling Developers Pvt. Ltd

Posted by :- Manali

"The RBI's determination connected keeping the repo complaint unchanged volition surely bode good for each interest-sensitive sectors up of the New Year erstwhile the system is connected its roadworthy to recovery. For location buyers, this determination volition assistance reinstate assurance and further entree to affordable location loans and assistance foster lodging demand," says Ramani Sastri - Chairman & MD, Sterling Developers Pvt. Ltd.

10:43 AM (48 minutes ago)

UPI payments without internet? Here's what RBI says

Posted by :- Manali

The RBI volition merchandise a treatment insubstantial connected charges connected integer payments successful India, and volition besides motorboat UPI-based outgo products for diagnostic telephone users.

10:35 AM (57 minutes ago)

Inflation to easiness soon, says RBI Guv Shaktikanta Das

Posted by :- Manali

Headline ostentation volition highest successful Q4 of the existent fiscal twelvemonth and soften thereafter, said RBI Governor Shaktikanta Das, adding that the cardinal slope pegs CPI ostentation astatine 5.3% for FY21-22.

10:29 AM (1 hr ago)

RBI Monetary Policy: Key lending rates unchanged, GDP growth, Inflation projections retained; cardinal highlights

Posted by :- Manali

Here are the cardinal highlights of the RBI MPC conscionable outcome: -

The repo complaint remains unchanged astatine 4%
The reverse repo complaint stands astatine 3.35%
The Marginal Standing Facility (MSF) complaint is astatine 4.25%
Real GDP maturation retained astatine 9.5%.
Inflation retained astatine 5.3% for FY22

10:25 AM (1 hr ago)

 CPI-based ostentation retained astatine 5.3% for FY22; argumentation complaint unchanged

Posted by :- Manali

Inflation projection has been accrued from 4.5 per cent to 5.1% successful Q3 and reduced from 5.8 per cent to 5.7 per cent successful Q4 of 2021-22.

10:19 AM (1 hr ago)

RBI retains GDP projections

Posted by :- Manali

The Central kept the existent GDP maturation projection astatine 9.5% for the existent fiscal year, comprising of 6.63% successful Q3 and 6% for Q4, RBI Governor Shaktikanta Das said.

10:13 AM (1 hr ago)

RBI Monetary Policy unrecorded updates: MPC voted unanimously to support presumption quo

Posted by :- Manali

RBI's Monetary Policy Committee votes unanimously to support presumption quo connected cardinal lending rates and by a bulk of 5:1 to clasp the accommodative argumentation stance.

10:07 AM (1 hr ago)

RBI keeps repo complaint unchanged astatine 4%, maintains accomodative stance.

Posted by :- Manali

RBI maintains presumption quo connected cardinal lending rates, maintains accommodative stance. Reverse repo complaint astatine 3.35%.

9:58 AM (1 hr ago)

RBI Monetary Policy Live Updates: Governor Shaktikanta Das to denote MPC determination shortly

Posted by :- Manali

RBI Governor Shaktikanta Das is going to denote the MPC determination astatine 10 am.

9:54 AM (1 hr ago)

RBI MPC Policy today: If RBI maintains presumption quo, it would beryllium 9th consecutive clip since the complaint remains unchanged

Posted by :- Manali

The RBI had past revised the argumentation complaint connected May 22, 2020, successful an off-policy rhythm to perk up request by cutting the involvement complaint to a historical low.

9:51 AM (1 hr ago)

RBI whitethorn rise the reverse repo complaint to nominal extent: Anarock

Posted by :- Manali

Property advisor Anarock said there person been expectations that the cardinal slope whitethorn rise the reverse repo complaint to a nominal extent.

9:45 AM (1 hr ago)

A Kotak Economic Research study says the RBI volition hold for immoderate clarity earlier moving decisively connected the cardinal argumentation rates.

Posted by :- Manali

A Kotak Economic Research study stated that with uncertainty astir the caller COVID-19 variant Omicron, the RBI would perchance hold for immoderate clarity earlier moving decisively connected the cardinal argumentation rates.

9:42 AM (1 hr ago)

Economists experts expect the MPC to support the presumption quo connected cardinal argumentation rates today.

Posted by :- Manali

"...we judge the talks of a reverse repo complaint hike successful the MPC gathering whitethorn beryllium premature arsenic RBI has been mostly capable to constrictive the corridor without the sound of complaint hikes and ensuing marketplace cacophony," said an SBI probe report.

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