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Seventh Bi-monthly Monetary Policy Statement, 2019-20 – Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

A day after Modi govt began its economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter, the Reserve Bank of India joined the big fight today with a host of measures aimed at minimising the damage from Covid-19.
These measures come just hours after Moody’s Investors Service cut India’s growth forecasts for 2020 calendar year to 2.5% from 5.3%. The MPC decided by 4-2 majority to reduce repo rate by 75 basis points to 4.4 per cent. The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

Fifth Bi-monthly Monetary Policy Statement, 2019-20 – Key Highlights

RBI Monetary Policy Highlights: Future repo rate cuts not being ruled out, says Shaktikanta Das. Despite an expectation of 25 bps repo rate cut, MPC maintained status quo on repo rate at 5.15 percent and accommodative stance.

RBI policy: Highest cumulative repo rate cut in 10 years

The repo rate was cut by 135bps so far in CY19. The last time the repo rate saw such a large cumulative cut in a year, was in 2009.

Fourth Bi-monthly Monetary Policy Statement, 2019-20 – Highlights & Key Takeaways

RBI has cut repo rate by a further 25 basis points. This is the fifth straight rate cut as RBI aids government in boosting economy.
Central bank has lowered GDP growth estimate from 6.9% to 6.1%

Third Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India

India’s Central Bank Reserve Bank of India announced on 6th August the IIIrd Bi-Monthly Monetary Policy wherein they announced an array of conventional and unconventional measures to boost slowing economic growth, including reducing the benchmark interest rate by an irregular 35 basis points (bps), its fourth rate cut this year. The Reserve Bank of India’s six-member rate-setting…

Lowering leverage ratio threshold can offer leeway to expand balance sheet of banks

Lowering leverage ratio threshold can offer leeway to expand balance sheet of banks. Lowering Leverage Ratio allows some leeway for banks to take additional exposure (vis-à-vis capital) and expand their balance sheets.