As per MPC minutes, Governor Shaktikanta Das said the sharp correction in food inflation has improved the near-term headline inflation outlook, although core inflation pressures persist

The growth momentum, however, needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-COVID trajectory, Das said.

Although banks have bolstered their capital buffers in comparison to the global financial crisis, the stress in the financial sector's balance sheets could intensify, noted MPC member Michael Debabrata Patra

Real GDP growth is projected at 10.5 per cent in 2021-22 - in the range of 26.2 to 8.3 per cent in H1 and 6.0 per cent in Q3, RBI's Monetary Policy Committee (MPC) stated in its growth outlook

Das says retail inflation has \"returned within the tolerance band\" of 4 per cent. RBI has the mandate to keep retail inflation at 4 per cent with a bias of plus/minus 2 per cent on either side

Reserve Bank of India Governor Shaktikanta Das said the decision to keep the rates unchanged was taken unanimously, and projected 10.5 per cent GDP growth for 2021-22.

RBI Governor Shaktikanta Das-led MPC hold repo rate at 4 per cent; maintains accommodative stance. Going forward, we see the Indian economy moving in only one direction i.e. upward, says Das

India Stock Market News Updates Today: Sensex scaled record high of 51,073.27 while the Nifty hit record high of 15,014.65 level in early trade. SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack

Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors

SBI Research says there's been a positive momentum of various economic indicators. But despite improvement in growth outlook, decline in government expenditure has been quite significant to Rs 3.62 lakh crore in Q2 from Rs 4.86 lakh crore in Q1

During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280. During the week, Sensex and Nifty have risen 929 points or 2.1% and 289 points or 2.23%, respectively.

Das says COVID-19 broke out even as the world was gripped by a synchronised slowdown in activity, which made the agony even more excruciating; adds RBI's role as debt manager and banker to government was tested to the hilt in 2020

The RBI's projection of 5.4-4.5 per cent CPI for the second half (Oct to March) of 2020-21 announced in October policy is also not holding up

India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280

RBI Governor says after witnessing a sharp contraction in GDP by 23.9% in Q1 and a speedy recovery in Q2, Indian economy has exhibited stronger than expected pick up

For the second time in a row, RBI maintained status quo in the face of high inflation, and left the repo rate unchanged but maintained an accommodative stance

Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 percent as people are buying ready-to-move-in apartments

Stock Market News Updates Today:Tata Steel, followed by Bharti Airtel, L&T, M&M, Bajaj Finance and HDFC were among the top gainers today. On the other hand, HUL, Reliance Industries, TCS, Nestle India and Tech Mahindra were among the top laggards

The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for three days starting September 29

India Stock Market Highlights Today: M&M, followed by Bajaj Auto, Maruti, L&T, Tata Steel, UltraTech Cement and Nestle India were among the top gainers on Sensex pack today. On the other hand, HCL Tech, Axis Bank, ICICI Bank, Bajaj Finance and SBI were among the laggards