MPC Meet Live Updates:FY22 will undo damage inflicted by COVID-19 on economy, says RBI Governor

Consumer confidence is reviving and business expectations of manufacturing, services and infrastructure remain upbeat. The movement of goods and people and domestic trading activities are growing at a robust pace: RBI Governor Shaktikanta Das https://t.co/xMwUb7gc3E

ANI (@ANI) February 5, 2021

10.31 AM: The RBI governor says the central bank will form an expert panel to strengthen primary urban co-op banks.

10.30 AM: The RBI to launch 'Retail Direct', a platform that'll allow retail investors direct access to G-Sec market.

10.28 AM: The RBI to ensure the government's market borrowing programme functions in non-disruptive manner, says Das

10.26 AM: Das says the RBI will come out with a draft paper regulated lenders in MFIs. The RBI also extends MSF relaxation for the next six months.

10.24 AM: Budget 2021 has provided impetus to health and infra sectors, says Das

10.23 AM: Vegetables prices likely to remain soft in near term; inflation to be revised to 5.2 pc in Q4 of FY21: Das

10.23 AM: Govt to review inflation target for RBI by March 2021; inflation targeting has worked well: RBI Guv Das

10.20 AM: In consonance with its monetary policy, RBI Governor keeps its stance on liquidity management "accommodative".

10.17 AM: RBI has projected the GDP growth of for FY22 to be 10.5 per cent.

10.16 AM: Outlook on growth turns positive; signs of recovery strengthen further. RBI Guv Shaktikanta Das

10.16 AM: RBI on inflation

• Inflation has been better than expected
• Stable near-term growth for food inflation is likely
• CPI estimate for FY21 is expected to be 5.2%; for H1, it's expected to be 5.2%-5%; and for Q3, it'll be 4.3%

10.10 AM: RBI assessment

• Outlook for growth has improved
• FDI & FPI investments
• Sectors are returning to normalcy
• Power and energy demand is rising
• People and goods movement increasing

10.05 AM: MPC keeps repo rate unchanged at 4 pe cent; maintains policy stance as 'accommodative'.

9.57 AM: Only five among 32 economists expect the central bank to cut repo rate today, according to a Bloomberg poll.

9.56 AM: The RBI is seen holding repo rate at 4.0 per cent through the rest of 2021 and possibly beyond, according to the median estimate in a Reuters poll.

9.52 AM: Watch out for Monetary Policy statement by RBI Governor at 10:00 am on February 05.

Watch out for Monetary Policy statement by RBI Governor @DasShaktikanta at 10:00 am on February 05, 2021
YouTube: https://t.co/KNufrg7Rjg

Post policy press conference telecast at 12:00 noon on the same day
YouTube: https://t.co/bPgZ2zObLA#rbipolicy #rbigovernor pic.twitter.com/QukxoWwfjZ

ReserveBankOfIndia (@RBI) February 4, 2021