The Economic Times

What RBI policy surprise means to you

A policy surprise
1/5

A policy surprise

The Reserve Bank of India (RBI) Governor Shaktikanta Das-headed monetary policy committee (MPC) on Thursday maintained status quo on policy rates in its 5th bi-monthly monetary policy review of the financial year.

This came after five consecutive cuts. The short-term lending rate, or repo rate, was unchanged at 5.15 per cent.

PTI
Your FDs
2/5

Your FDs

The central bank kept the repo and reverse repo rates unchanged.

This is good news for fixed deposit investors who have been seeing their interest rates fall throughout the year. Hopefully, RBI maintaining status quo on rates will prompt banks to hit pause on cutting FD rates further.

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For $5-trillion GDP dream
3/5

For $5-trillion GDP dream

The Reserve Bank of India has once again downgraded the growth forecast to 5 per cent in its fifth bi-monthly policy from 6.1 per cent two months ago.

It has revised the growth to 4.9-5.5 per cent in H2 and 5.9-6.3 per cent for H1 2020-21.

PTI
For ATM security
4/5

For ATM security

The Reserve Bank of India (RBI) said that it will soon come out with measures to make ATMs more secure.

In its Statement on Development and Regulatory Policies released during its bi-monthly monetary policy review, the central bank said that it will introduce "baseline cyber security controls for ATM switch application service providers of RBI regulated entities."

BCCL
And a disappointed realty
5/5

And a disappointed realty

With no reduction today, the cumulative decrease in repo rate stands at which banks borrow from it—remains unchanged at 5.15%.

"Lower interest rate would have helped push up credit demand and investment in the economy, aiding overall economic growth. It would have provided a much-required reprieve to some ailing sectors like real estate and auto,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India.

BCCL

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