Our objective is to support growth: Shaktikanta Das
RBI’s status quo on interest rates, guidance on inflation and GDP, and thrust on economic growth pushes equity indices to new lifetime highs.
RBI’s status quo on interest rates, guidance on inflation and GDP, and thrust on economic growth pushes equity indices to new lifetime highs.
Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
The central bank announced a second special open market operation for ₹10,000 crore on December 30. The RBI will simultaneously buy and sell government bonds to lower long-term bond yields.
The central bank bought long-term bonds worth ₹10,000 crore and simultaneously sold short-term papers worth ₹6,825 crore under a special OMO to address liquidity issues.