www.livemint.com Open in urlscan Pro
2a02:26f0:3500:88d::1833  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Explore

Sign in e-paper


Thursday, 17 November 2022
Stocks
Mutual Funds
News

POPULAR CATEGORIES

CompaniesMarketsTechnologyMoneyNewsMutual FundsOpinionIndustry

TRENDING STOCKS

Timken IndiaEngineers IndiaTeamlease ServicesKIOCLTata Teleservices
MaharashtraResponsive IndustriesRail Vikas NigamHindustan CopperInfo Edge
IndiaGrindwell Norton


Upto 20% off* on premium plans Subscribe Now
Sign In
My Account

Subscribe

Search
My Reads

e-paper
New

Notifications

Newsletters

IFSC Code Finder
New Web StoriesMintGenie For You
SME
Top Sections
 * News
 * Companies
   
   * News
   * Start-ups
   * Company Results
   * People
 * Technology
   
   * Gadgets
   * Tech Reviews
   * App News
   * Foldable Smartphones
   * 5G Tech
 * Markets
   
   * Stock Markets
   * Commodities
   * Mark To Market
   * IPO
   * Live Blog
 * Money
   
   * Personal Finance
   * Q&A
   * Opinion
 * Photos
 * Mutual Funds
   
   * Mint 50 - Top Mutual Funds
   * News
 * Insurance
 * Lounge
 * Opinion
   
   * Views
   * Columns
   * Blogs
 * Budget 2022
   
   * Budget News
   * Budget Expectations
   * Budget Videos
   * Opinion
 * Auto News
 * Sports
 * Industry
   
   * Banking
   * Infotech
   * Infrastructure
   * Agriculture
   * Manufacturing
   * Energy
   * Retail
 * Videos
   
   * India Investment Summit
   * Annual Banking Conclave
   * Mint Explainers
   * Market Analysis
   * Why Not Mint Money
   * Business of Entertainment
   * Long Story Capsule
   * Mint Views
   * Start-Up Diaries
   * Money With Monika
   * Mint Insight
   * Digital Gurus
   * Brand Masters
 * Politics
 * Education
 * Impact Feature
 * Brand Stories
 * Podcast

Explore Mint
 * About Us
 * Mint Authors New
 * Contact Us
 * SITEMAP
 * Terms of Use
 * Subscriber - Terms of Use
 * Cookie Policy
 * Print Subscription
 * Privacy Policy
 * Disclaimer
 * Mint Code
 * Code of ethics
 * Mint Apps

Copyright © HT Digital Streams Limited All rights reserved.
 * Home
 * Latest
 * Markets
 * Premium
 * For You
 * Watchlist

Market DashboardMint SnapViewPhotosPlain FactsLong StoryMark To
MarketPrimerVideosMoneyStart-upsNewsMutual
FundsCryptocurrencyMarketsBankingPodcastsCoronavirusTechnology

Home / Economy / RBI retains GDP growth target at 9.5%; keeps repo rate steady
Back
Share Via



RBI RETAINS GDP GROWTH TARGET AT 9.5%; KEEPS REPO RATE STEADY

2 min read . Updated: 06 Aug 2021, 10:54 AM IST Livemint Premium RBI Monetary
Policy key highlights

RBI Policy: Governor Shaktikanta Das announced the August bi-monthly monetary
policy statement today, kept repo rate unchanged

Read Full Story


The Reserve Bank of India (RBI) governor Shaktikanta Das today announced the
August bi-monthly monetary policy statement. As expected, the RBI has kept the
repo rate unchanged at 4% for the seventh straight meeting. The Monetary Policy
Committee (MPC) continues to maintain its 'Accomodative’ stance. The reverse
repo rate stands at 3.35%.



The statement follows the three-day review meeting of the six-member MPC which
had begun on Wednesday. Majority of economists had expected RBI’s MPC to keep
the key lending rate unchanged.

TRENDING STORIESSee All
Premium

NOTHING EAR (STICK) GOES ON SALE TODAY: DETAILS ON PRIC ...

Premium

HOW TO BEAT RECESSION MAKING MONEY WITH YOUR HOME: AIRB ...

Premium

GOLDMAN SACHS BUYS STAKE IN BIKAJI FOODS. SHARES SURGE ...

Premium

WHY NYKAA SHARES ARE DOWN NEARLY 20% IN 4 DAYS




The central bank continues to believe that a hasty withdrawal of monetary policy
support could disturb the economic recovery that is taking shape. Economists,
therefore, expect RBI to commence policy normalization only by the fourth
quarter of the current fiscal year.



RBI Monetary Policy updates:

MORE FROM THIS SECTIONSee All
Premium Premium

GLOBAL HEADWINDS IMPEDE EXPORT TO 7 TRADING PARTNERS

Premium Premium

CENTRE MAY HIT FISCAL DEFICIT TARGET BUT OVERSHOOT BORR ...

Premium Premium

LOWERING INFLATION WITHOUT A RECESSION MIGHT NOT BE FEA ...

Premium Premium

IFSCA SIGNS PACT WITH RBI TO SUPERVISE REGULATED ENTITIES






 * The Governor again reiterated that the RBI's priority would be "to promote
   growth within the framework of financial stability". The RBI is rightly
   concerned that any departure from the present pro-growth monetary policy may
   " kill the nascent and hesitant recovery. " The communication from the
   central bank augurs well for the continuation of the growth impulses in the
   economy," said V K Vijayakumar, Chief Investment Strategist at Geojit
   Financial Services.
 * "In an expected move, MPC kept the rates unchanged and continued with the
   accommodative stance. Though the MPC voted unanimously to keep the rates
   unchanged, votes for the continuance of accommodative stance were at 5:1. It
   shows that the inflation debate is getting more prominent. The forecast of
   inflation rate for FY22 was revised upwards to 5.7 per cent from 5.1 per cent
   announced earlier. RBI's assurance to conduct OMOs when needed would help to
   keep the bond yields in check," said Deepthi Mathew, Economist at Geojit
   Financial Services.
 * RBI to conduct two more auctions of ₹25,000 crore each on August 12 and
   August 26 under the G-sec Acquisition Programme (GSAP)
 * CPI inflation is projected at 5.7 % during 2021-22 - this consists of 5.9% in
   Q2, 5.3% in Q3 and 5.8% in Q4 of 2021-22 with risks broadly balanced. CPI
   inflation for the first quarter of 2022-23 is projected at 5.1%: RBI Governor
   Shaktikanta Das
 * RBI Governor Das says that high frequency indicators for economy are
   progressing
 * Any action to curb inflation now could kill the nascent and hesitant
   recovery: Das
 * RBI keeps GDP growth forecast for FY22 unchanged at 9.5%
 * 'Accomodative' stance is not unanimous; it’s passed by 5:1 vote: RBI
 * CPI inflation surprised on the upside in May; price momentum however
   moderated. Outlook for aggregate demand is improving but underlying
   conditions are still weak. More needs to be done to restore supply-demand
   balance in no. of sectors: Governor Shaktikanta Das
 * In a much better position as compared to June 2021. Need to remain vigilant
   on possibility of a third wave: Governor Shaktikanta Das
 * Vaccine manufacturing and administration are steadily raising; yet the need
   of the hour is not to drop our guard and to remain vigilant against any
   possibility of 3rd wave: Das
 * The Reserve Bank of India (RBI) has announced the monetary policy in which it
   has kept the repo rate unchanged at 4%, announces Governor Shaktikanta Das



Catch all the Business News, Market News, Breaking News Events and Latest News
Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less



OPEN IN APP





RECOMMENDED FOR YOU


BLACKSTONE TO BUY MAJORITY STAKE IN R SYSTEMS, DELISTING OFFER AT ₹246 PER SHARE

2 min read . 17 Nov 2022
Premium


RENEW ENERGY LOSS NARROWS TO ₹98 CR IN SEPTEMBER QUARTER

1 min read . 16 Nov 2022
Premium


SOFTBANK TO SELL PAYTM STAKE WORTH $200 MN VIA BLOCK DEAL

1 min read . 17 Nov 2022
Premium


MEASLES OUTBREAK IN MUMBAI, COUNT OF SUSPECTED CASES SURGES TO 1,263: BMC

2 min read . 17 Nov 2022
Premium


HOW A DELHI COUPLE BOUGHT FIRST HOME FOR ₹37 LAKH

4 min read . 17 Nov 2022
Premium


TRENDING STOCKS

Engineers India
79.30+5.95 (8.11%)
Teamlease Services
2601.70+165.65 (6.80%)
KIOCL
182.65+9.80 (5.67%)
Rail Vikas Nigam
59.60-4.10 (-6.44%)
Info Edge India
3955.00-194.00 (-4.68%)

















Feedback
Select your Category Query Suggestion
Your Message

Connect with us:
 * 
 * 
 * 
 * 

CATEGORIES

 * Money
 * Markets
 * Companies
 * Mutual Funds
 * Industries
 * News
 * Cryptocurrency
 * Auto
 * Technology
 * Budget 2022

TRENDING NOW

 * Stock Market LIVE
 * Elon Musk
 * Gujarat Polls
 * Keystone Realtors IPO
 * Multibagger Fashion Stock
 * Crypto Exchange
 * Sabarimala
 * Keystone Realtor IPO
 * Softbank to Sell Paytm Stake
 * JLR CEO Thierry Bolloré Resigns
 * Artemis 1 Moon Mission

LATEST STORIES

 * Nothing Ear (Stick) goes on sale today: Detail...
 * How to beat recession making money with your h...
 * Goldman Sachs buys stake in Bikaji Foods. Shar...
 * Why Nykaa shares are down nearly 20% in 4 days
 * Cristiano Ronaldo launches first NFT collectio...
 * India sees slight rise in infections; active c...
 * USB Type-C can be a mandate in India soon! Con...
 * These pensioners can now submit life certifica...
 * Why Dmart share price is falling
 * Shriram Life gets PFRDA nod to become annuity ...

DOWNLOAD APP

Download the Mint app and read premium stories

 * About Us
 * Contact Us
 * Terms Of Use
 * Privacy Policy
 * RSS

 * 
 * 
 * 
 * 
 * 

Copyright © 2022 HT Digital Streams Ltd All Right Reserved
No Network
Server Issue
Internet Not Available



WAIT FOR IT…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

WAIT FOR IT…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some
to bookmark this image.

Your session has expired, please login again.

Yes, Continue


CONGRATULATIONS!

You are now subscribed to our newsletters. In case you can’t find any email from
our side, please check the spam folder.



×

×


Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout


SUBSCRIBE TO CONTINUE

This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp