Highlights of RBI Governor Das’ address post MPC meeting

Thursday, Aug 6, 2020 MUMBAI – Following are the highlights of Reserve Bank of India Governor Shaktikanta Das’ address after the Monetary Policy Committee’s meeting today: KEY TAKEAWAYS* MPC voted to leave repo rate unchanged at 4.00%* Reverse repo rate also left unchanged at 3.35%* MPC voted unanimously in favour of resolution* MPC voted to continue with […]

Weekly Spices Outlook: Most seen up; turmeric to fall on weak demand

Thursday, Aug 6, 2020 By Kavita Desai MUMBAI – Jeera, coriander, cardamom, mentha oil, and chilli prices are likely to rise in the coming week as demand outlook has improved, market participants said. However, turmeric futures are expected to fall. * CORIANDER futures on the National Commodity & Derivatives Exchange are likely to trade higher due to improvement in demand from domestic stockists and fall […]

RBI Policy: MPC unanimously votes to leave repo rate unchanged at 4%

Thursday, Aug 6, 2020 NEW DELHI – The Reserve Bank of India’s Monetary Policy Committee today unanimously voted to leave the repo rate unchanged at 4.00%. “Given the uncertainty surrounding the inflation outlook and extremely weak state of the economy…the MPC decided to keep the policy rate on hold, while remaining watchful for a durable reduction in […]

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