The policy also provides 100 per cent coverage of medical expenses, and covers the typical non-payable expenses like personal protective equipment kit, gloves, oxygen masks, conveyance charges and more, under the safeguard benefit

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The 30 panellists who participated in the survey expect CPI inflation to fall from 5.2 per cent in the September 2020 quarter to 3 per cent by March 2020 quarter and inch up to 3.3 per cent in the first quarter of 2021-22

RBI Monetary Policy Committee has decided to keep the repo rate unchanged at 4 per cent citing enough liquidity in the economy

Reserve Bank of India (RBI) governor Shakitkanta Das on Thursday said that additional special liquidity facility of Rs 10,000 crore will be provided at the policy repo rate consisting Rs 5,000 crore to the National Housing Bank (NHB)

RBI panel forecasts GDP growth in first half of the year is estimated to remain in the contraction zone; for year 2020-21 as a whole, real GDP growth is also estimated to be negative

RBI MPC Meet: Other rates, including reverse repo rate and bank rate, have also been kept unchanged, says RBI Governor Shaktikanta Das; GDP in H1 will remain in negative, says the governor

As RBI's policy since lockdown has been focussed around financial stability, MPC may go for another policy rate cut, experts believe; many say rate cut is unlikely as of 115 bps cut since February, 71 bps has been transmitted to customers

Analysts at BofA Securities expect the RBI to slash policy rates by 100 bps in FY21 as base case, with 25 bps cut on August 6 to revive the coronavirus-hit economy 

Amid the demand for one-time loan restructuring by industry leaders, many experts believe the RBI could decide against rate cut this time

The central bank has been taking steps proactively to limit the damage to the economy caused by the COVID-19 pandemic and subsequent lockdowns

With the 115 basis points (bps) reduction in repo rate beginning February, banks have already transmitted 72 basis points to the customers on fresh loans and some large banks have transmitted as much as 85 basis points, it said

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6

Business confidence bounces a bit in the first quarter as corporate leaders remain hopeful of bigger government intervention to revive the economy, finds the latest Business Today-C fore Business Confidence Survey

SBI Ecowrap report says due to non-availability of data, index for sub-groups were imputed by simply using its last quoted price scaled up by the relative increase in CPI; it's a pure statistical exercise by NSO without even understanding problem that distorts and even underreports headline CPI, it adds

Investors got spooked as coronavirus cases continued to rise in US and other parts of the world. Worldwide, the number of COVID-19 cases has crossed 1.30 crore In India, the number of infections spiked to 9.06 lakh.

Where crude oil prices and foreign fund inflows supported the local unit, factors like strong dollar, negative domestic equities and rising COVID-19 cases dragged the local unit down

Government data released on Monday stated retail inflation, measured on the basis of Consumer Price Index, stood at 6.09 per cent in June. This is beyond the 6 per cent upper margin mandated by the Reserve Bank of India

Stock Market Highlights on July 14: IndusInd Bank, Bajaj Finserv, Axis Bank, Bajaj Finance, Maruti and SBI were among the other laggards. On the other hand, HCL Tech, Infosys, Nestle India, UltraTech Cement and ITC were the gainers.

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