India’s economic growth is likely to decline on account of the impact of coronavirus pandemic and the consequent lockdown. Various financial institutions have been cutting India’s economic growth forecast. The rating agency Moody’s slashed India’s GDP growth rate estimate for the year 2020 to 2.5 % from 5.3% estimated just 2 weeks back. Foreign brokerage …
We already know that banks haven’t been passing down the RBI’s rate cuts to the borrowers. Therefore, the RBI took certain steps to drive up monetary policy transmission in its recent monetary policy review in February 2020. Highlights of the Monetary Policy Review: The RBI kept the repo rate unchanged at 5.15 %. It hadn’t …
LTRO: What is Long Term Repo Operations?- Explained Read More »
Yes, the move that was on the cards has finally been executed. No, I am not talking about Game of Thrones (Generic humour appeal at the start), but yes the newest member in the hall of fame for RBI governors. Dr. Urjit Patel becomes the governor of RBI, taking over the reins from the former, …