Press Releases - Monetary Policy - RBI - Reserve Bank of India
Press Releases
Oct 09, 2020
Governor’s Statement - October 9, 2020
The newly appointed Monetary Policy Committee (MPC) with Dr. Ashima Goyal, Professor Jayanth R. Varma and Dr. Shashanka Bhide as external members met on 7th, 8th and 9th October, 2020 in its first meeting and the 25th under the monetary policy framework that was instituted in June 2016. I welcome the new members and thank them for their valuable contributions to the setting and conduct of monetary policy in India. I take this opportunity to thank our teams in the Rese
The newly appointed Monetary Policy Committee (MPC) with Dr. Ashima Goyal, Professor Jayanth R. Varma and Dr. Shashanka Bhide as external members met on 7th, 8th and 9th October, 2020 in its first meeting and the 25th under the monetary policy framework that was instituted in June 2016. I welcome the new members and thank them for their valuable contributions to the setting and conduct of monetary policy in India. I take this opportunity to thank our teams in the Rese
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Oct 07, 2020
Reserve Money for the week ended October 02, 2020
The Reserve Bank has today released data on Reserve Money for the week ended October 02, 2020. Ajit Prasad Director Press Release: 2020-2021/445
The Reserve Bank has today released data on Reserve Money for the week ended October 02, 2020. Ajit Prasad Director Press Release: 2020-2021/445
Oct 07, 2020
Money Supply for the fortnight ended September 25, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended September 25, 2020. Ajit Prasad Director Press Release: 2020-2021/446
The Reserve Bank has today released data on Money Supply for the fortnight ended September 25, 2020. Ajit Prasad Director Press Release: 2020-2021/446
Oct 06, 2020
Meeting Schedule of the Monetary Policy Committee (MPC) for 2020-21
In continuation of the Press Release 2020-2021/400 dated September 28, 2020, the next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020. (Yogesh Dayal) Chief General Manager Press Release: 2020-2021/437
In continuation of the Press Release 2020-2021/400 dated September 28, 2020, the next meeting of the Monetary Policy Committee (MPC) is scheduled during October 7 to October 9, 2020. (Yogesh Dayal) Chief General Manager Press Release: 2020-2021/437
Sep 30, 2020
Sectoral Deployment of Bank Credit - August 2020
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of August 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 6.0 per cent in August 2020 from 9.8 per cent in August 201
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of August 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 6.0 per cent in August 2020 from 9.8 per cent in August 201
Sep 30, 2020
Reserve Money for the week ended September 25, 2020
The Reserve Bank has today released data on Reserve Money for the week ended September 25, 2020. Ajit Prasad Director Press Release: 2020-2021/416
The Reserve Bank has today released data on Reserve Money for the week ended September 25, 2020. Ajit Prasad Director Press Release: 2020-2021/416
Sep 28, 2020
Marginal Standing Facility (MSF) - Extension of Relaxation
On March 27, 2020 banks were allowed to avail of funds under the marginal standing facility (MSF) by dipping into the Statutory Liquidity Ratio (SLR) by up to an additional one per cent of net demand and time liabilities (NDTL), i.e., cumulatively up to 3 per cent of NDTL. This facility, which was initially available up to June 30, 2020 was extended on June 26, 2020 up to September 30, 2020, in view of disruptions imposed by COVID-19. This dispensation provides increa
On March 27, 2020 banks were allowed to avail of funds under the marginal standing facility (MSF) by dipping into the Statutory Liquidity Ratio (SLR) by up to an additional one per cent of net demand and time liabilities (NDTL), i.e., cumulatively up to 3 per cent of NDTL. This facility, which was initially available up to June 30, 2020 was extended on June 26, 2020 up to September 30, 2020, in view of disruptions imposed by COVID-19. This dispensation provides increa
Sep 28, 2020
Meeting Schedule of the Monetary Policy Committee (MPC) for 2020-21
The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and October 1, 2020 as announced vide Press Release 2019-2020/2248 dated April 20, 2020 is being rescheduled. The dates of the MPC’s meeting will be announced shortly. (Yogesh Dayal) Chief General Manager Press Release: 2020-2021/400
The meeting of the Monetary Policy Committee (MPC) during September 29, 30 and October 1, 2020 as announced vide Press Release 2019-2020/2248 dated April 20, 2020 is being rescheduled. The dates of the MPC’s meeting will be announced shortly. (Yogesh Dayal) Chief General Manager Press Release: 2020-2021/400
Sep 24, 2020
Money Supply for the fortnight ended September 11, 2020 (Revised)
The Reserve Bank has today released data on Money Supply for the fortnight ended September 11, 2020. Ajit Prasad Director Press Release : 2020-2021/377
The Reserve Bank has today released data on Money Supply for the fortnight ended September 11, 2020. Ajit Prasad Director Press Release : 2020-2021/377
Sep 23, 2020
Reserve Money for the week ended September 18, 2020
The Reserve Bank has today released data on Reserve Money for the week ended September 18, 2020. Ajit Prasad Director Press Release : 2020-2021/374
The Reserve Bank has today released data on Reserve Money for the week ended September 18, 2020. Ajit Prasad Director Press Release : 2020-2021/374
Sep 16, 2020
Reserve Money for the week ended September 11, 2020
The Reserve Bank has today released data on Reserve Money for the week ended September 11, 2020. Ajit Prasad Director Press Release: 2020-2021/340
The Reserve Bank has today released data on Reserve Money for the week ended September 11, 2020. Ajit Prasad Director Press Release: 2020-2021/340
Sep 14, 2020
Result of the 56-day Term Repo auction held on September 14, 2020
Tenor 56-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) NIL Amount allotted (in ₹ crore) NIL Cut off Rate (%) NA Weighted Average Rate (%) NA Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Director Press Release: 2020-2021/326
Tenor 56-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) NIL Amount allotted (in ₹ crore) NIL Cut off Rate (%) NA Weighted Average Rate (%) NA Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Director Press Release: 2020-2021/326
Sep 11, 2020
Money Supply for the fortnight ended August 28, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended August 28, 2020. Ajit Prasad Director Press Release : 2020-2021/322
The Reserve Bank has today released data on Money Supply for the fortnight ended August 28, 2020. Ajit Prasad Director Press Release : 2020-2021/322
Sep 11, 2020
Result of the 56-day Term Repo auction held on September 11, 2020
Tenor 56-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,000 Amount allotted (in ₹ crore) 1,000 Cut off Rate (%) 4.00 Weighted Average Rate (%) 4.00 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Director Press Release: 2020-2021/316
Tenor 56-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,000 Amount allotted (in ₹ crore) 1,000 Cut off Rate (%) 4.00 Weighted Average Rate (%) 4.00 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Director Press Release: 2020-2021/316
Sep 09, 2020
Reserve Money for the week ended September 04, 2020
The Reserve Bank has today released data on Reserve Money for the week ended September 04, 2020. Ajit Prasad Director Press Release : 2020-2021/307
The Reserve Bank has today released data on Reserve Money for the week ended September 04, 2020. Ajit Prasad Director Press Release : 2020-2021/307
Sep 04, 2020
Reserve Bank announces 56-day Term Repo auctions
1. As announced vide press release 2020-2021/263 on “Measures to Foster Orderly Market Conditions” dated August 31, 2020, it has been decided to conduct two 56-day Term Repo auctions for a total amount of ₹1,00,000 crores. The details of the auctions are as under: Sl. No. Date Notified Amount (₹ crores) Tenor Window Timing Date of Reversal 1 September 11, 2020 50,000 56-day 10.00 AM – 11.00 AM November 06, 2020 2 September 14, 2020 50,000 56-day 10.00 AM – 11.00 AM No
1. As announced vide press release 2020-2021/263 on “Measures to Foster Orderly Market Conditions” dated August 31, 2020, it has been decided to conduct two 56-day Term Repo auctions for a total amount of ₹1,00,000 crores. The details of the auctions are as under: Sl. No. Date Notified Amount (₹ crores) Tenor Window Timing Date of Reversal 1 September 11, 2020 50,000 56-day 10.00 AM – 11.00 AM November 06, 2020 2 September 14, 2020 50,000 56-day 10.00 AM – 11.00 AM No
Sep 04, 2020
Option of repaying the funds borrowed under Long Term Repo Operations (LTROs) before maturity
The Reserve Bank had announced, vide press release 2020-2021/263 on “Measures to Foster Orderly Market Conditions” dated August 31, 2020, that banks which had availed of funds under LTROs may exercise an option of reversing these transactions before maturity. 2. Banks desirous of exercising the above option are advised to submit their requests via email only to Financial Markets Operations Department (Ph: 022-2263 0982 / 22634925) in the format enclosed at Annexure-1
The Reserve Bank had announced, vide press release 2020-2021/263 on “Measures to Foster Orderly Market Conditions” dated August 31, 2020, that banks which had availed of funds under LTROs may exercise an option of reversing these transactions before maturity. 2. Banks desirous of exercising the above option are advised to submit their requests via email only to Financial Markets Operations Department (Ph: 022-2263 0982 / 22634925) in the format enclosed at Annexure-1
Sep 02, 2020
Reserve Money for the week ended August 28, 2020
The Reserve Bank has today released data on Reserve Money for the week ended August 28, 2020. Ajit Prasad Director Press Release: 2020-2021/277
The Reserve Bank has today released data on Reserve Money for the week ended August 28, 2020. Ajit Prasad Director Press Release: 2020-2021/277
Aug 31, 2020
Sectoral Deployment of Bank Credit - July 2020
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of July 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth at 6.7 per cent in July 2020 was the same as in June 2020 but lower than the
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of July 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth at 6.7 per cent in July 2020 was the same as in June 2020 but lower than the
Aug 27, 2020
Money Supply for the fortnight ended August 14, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended August 14, 2020. Ajit Prasad Director Press Release : 2020-2021/241
The Reserve Bank has today released data on Money Supply for the fortnight ended August 14, 2020. Ajit Prasad Director Press Release : 2020-2021/241
Aug 26, 2020
Reserve Money for the week ended August 21, 2020
The Reserve Bank has today released data on Reserve Money for the week ended August 21, 2020. Ajit Prasad Director Press Release : 2020-2021/236
The Reserve Bank has today released data on Reserve Money for the week ended August 21, 2020. Ajit Prasad Director Press Release : 2020-2021/236
Aug 20, 2020
Minutes of the Monetary Policy Committee Meeting August 4 to 6, 2020
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty fourth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from August 4 to 6, 2020. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, former Director, Delhi School of Economics; Dr. Ravindra H. Dholakia, former Professor, Indian Institute of Management
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty fourth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from August 4 to 6, 2020. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, former Director, Delhi School of Economics; Dr. Ravindra H. Dholakia, former Professor, Indian Institute of Management
Aug 19, 2020
Reserve Money for the week ended August 14, 2020
The Reserve Bank has today released data on Reserve Money for the week ended August 14, 2020. Ajit Prasad Director Press Release : 2020-2021/211
The Reserve Bank has today released data on Reserve Money for the week ended August 14, 2020. Ajit Prasad Director Press Release : 2020-2021/211
Aug 13, 2020
Money Supply for the fortnight ended July 31, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended July 31, 2020. Ajit Prasad Director Press Release: 2020-2021/178
The Reserve Bank has today released data on Money Supply for the fortnight ended July 31, 2020. Ajit Prasad Director Press Release: 2020-2021/178
Aug 12, 2020
Reserve Money for the week ended August 07, 2020
The Reserve Bank has today released data on Reserve Money for the week ended August 07, 2020. Ajit Prasad Director Press Release: 2020-2021/175
The Reserve Bank has today released data on Reserve Money for the week ended August 07, 2020. Ajit Prasad Director Press Release: 2020-2021/175
Aug 06, 2020
Introduction of Automated Sweep-In and Sweep-Out (ASISO) Facility for end of the day LAF Operations
In order to optimise human resource deployment in the context of disruptions caused by COVID-19 and to provide eligible LAF/MSF participants greater flexibility in managing their end of the day cash reserve ratio (CRR) balances, the Reserve Bank has decided to provide an optional automated sweep-in and sweep-out (ASISO) facility in its e-Kuber system. 2. Accordingly, banks will be able to set the amount (specific or range) that they wish to keep as balances in their c
In order to optimise human resource deployment in the context of disruptions caused by COVID-19 and to provide eligible LAF/MSF participants greater flexibility in managing their end of the day cash reserve ratio (CRR) balances, the Reserve Bank has decided to provide an optional automated sweep-in and sweep-out (ASISO) facility in its e-Kuber system. 2. Accordingly, banks will be able to set the amount (specific or range) that they wish to keep as balances in their c
Aug 06, 2020
Governor’s Statement - August 6, 2020
The Monetary Policy Committee met on 4th, 5th and 6th August for its second meeting of 2020-21, the 24th under its aegis, completing four years of its operation under the new monetary policy framework. The MPC sifted through domestic and global conditions and evaluated their unfolding impact on overall outlook for India and the world. At the end of its deliberations, the MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent and continue with the
The Monetary Policy Committee met on 4th, 5th and 6th August for its second meeting of 2020-21, the 24th under its aegis, completing four years of its operation under the new monetary policy framework. The MPC sifted through domestic and global conditions and evaluated their unfolding impact on overall outlook for India and the world. At the end of its deliberations, the MPC voted unanimously to leave the policy repo rate unchanged at 4 per cent and continue with the
Aug 06, 2020
Statement on Developmental and Regulatory Policies
This Statement sets out various developmental and regulatory policy measures to enhance liquidity support for financial markets and other stakeholders; further easing of financial stress caused by COVID-19 disruptions while strengthening credit discipline; improve the flow of credit; deepen digital payments; augment customer safety in cheque payments; and facilitate innovation across the financial sector by leveraging on technology through an Innovation Hub. I. Liquid
This Statement sets out various developmental and regulatory policy measures to enhance liquidity support for financial markets and other stakeholders; further easing of financial stress caused by COVID-19 disruptions while strengthening credit discipline; improve the flow of credit; deepen digital payments; augment customer safety in cheque payments; and facilitate innovation across the financial sector by leveraging on technology through an Innovation Hub. I. Liquid
Aug 06, 2020
Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) August 4 to 6, 2020
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2020) decided to: keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 4.25 per cent. The MPC also decided to continue with
Aug 05, 2020
Reserve Money for the week ended July 31, 2020
The Reserve Bank has today released data on Reserve Money for the week ended July 31, 2020. Ajit Prasad Director Press Release: 2020-2021/141
The Reserve Bank has today released data on Reserve Money for the week ended July 31, 2020. Ajit Prasad Director Press Release: 2020-2021/141
Jul 31, 2020
Sectoral Deployment of Bank Credit - June 2020
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of June 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth at 6.7 per cent in June 2020 was nearly the same as in May 2020 but lower th
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of June 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth at 6.7 per cent in June 2020 was nearly the same as in May 2020 but lower th
Jul 30, 2020
Money Supply for the fortnight ended July 17, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended July 17, 2020. Ajit Prasad Director Press Release : 2020-2021/116
The Reserve Bank has today released data on Money Supply for the fortnight ended July 17, 2020. Ajit Prasad Director Press Release : 2020-2021/116
Jul 29, 2020
Reserve Money for the week ended July 24, 2020
The Reserve Bank has today released data on Reserve Money for the week ended July 24, 2020. Ajit Prasad Director Press Release: 2020-2021/112
The Reserve Bank has today released data on Reserve Money for the week ended July 24, 2020. Ajit Prasad Director Press Release: 2020-2021/112
Jul 27, 2020
RBI signs Currency Swap Agreement with Central Bank of Sri Lanka
The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Central Bank of Sri Lanka under the SAARC Currency Swap Framework 2019-22. Under the agreement, Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent. The agreement would be valid till November 13, 2022. The SAARC Currency Swap Framework came into operation on November 15, 2012 to provide a back
The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Central Bank of Sri Lanka under the SAARC Currency Swap Framework 2019-22. Under the agreement, Central Bank of Sri Lanka can make drawals of US Dollar, Euro or Indian Rupee in multiple tranches up to a maximum of US$ 400 million or its equivalent. The agreement would be valid till November 13, 2022. The SAARC Currency Swap Framework came into operation on November 15, 2012 to provide a back
Jul 22, 2020
Reserve Money for the week ended July 17, 2020
The Reserve Bank has today released data on Reserve Money for the week ended July 17, 2020. Ajit Prasad Director Press Release : 2020-2021/88
The Reserve Bank has today released data on Reserve Money for the week ended July 17, 2020. Ajit Prasad Director Press Release : 2020-2021/88
Jul 16, 2020
Money Supply for the fortnight ended July 03, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended July 03, 2020. Ajit Prasad Director Press Release : 2020-2021/66
The Reserve Bank has today released data on Money Supply for the fortnight ended July 03, 2020. Ajit Prasad Director Press Release : 2020-2021/66
Jul 15, 2020
Reserve Money for the week ended July 10, 2020
The Reserve Bank has today released data on Reserve Money for the week ended July 10, 2020. Ajit Prasad Director Press Release: 2020-2021/61
The Reserve Bank has today released data on Reserve Money for the week ended July 10, 2020. Ajit Prasad Director Press Release: 2020-2021/61
Jul 08, 2020
Reserve Money for the week ended July 03, 2020
The Reserve Bank has today released data on Reserve Money for the week ended July 03, 2020. Ajit Prasad Director Press Release : 2020-2021/33
The Reserve Bank has today released data on Reserve Money for the week ended July 03, 2020. Ajit Prasad Director Press Release : 2020-2021/33
Jul 01, 2020
Reserve Money for the week ended June 26, 2020 and Money Supply for the fortnight ended June 19, 2020
The Reserve Bank has today released data on Reserve Money for the week ended June 26, 2020 and Money Supply for the fortnight ended June 19, 2020. Ajit Prasad Director Press Release : 2020-2021/6
The Reserve Bank has today released data on Reserve Money for the week ended June 26, 2020 and Money Supply for the fortnight ended June 19, 2020. Ajit Prasad Director Press Release : 2020-2021/6
Jun 30, 2020
Sectoral Deployment of Bank Credit - May 2020
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of May 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 6.8 per cent in May 2020 from 11.4 per cent in May 2019. Credi
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of May 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 6.8 per cent in May 2020 from 11.4 per cent in May 2019. Credi
Jun 26, 2020
Reserve Money for the week ended June 19, 2020
The Reserve Bank has today released data on Reserve Money for the week ended June 19, 2020. Ajit Prasad Director Press Release: 2019-2020/2552
The Reserve Bank has today released data on Reserve Money for the week ended June 19, 2020. Ajit Prasad Director Press Release: 2019-2020/2552
Jun 18, 2020
Money Supply for the fortnight ended June 05, 2020
The Reserve Bank has today released data on Money Supply for the fortnight ended June 05, 2020. Ajit Prasad Director Press Release: 2019-2020/2515
The Reserve Bank has today released data on Money Supply for the fortnight ended June 05, 2020. Ajit Prasad Director Press Release: 2019-2020/2515
Jun 17, 2020
Reserve Money for the week ended June 12, 2020
The Reserve Bank has today released data on Reserve Money for the week ended June 12, 2020. Ajit Prasad Director Press Release: 2019-2020/2509
The Reserve Bank has today released data on Reserve Money for the week ended June 12, 2020. Ajit Prasad Director Press Release: 2019-2020/2509
Jun 10, 2020
Reserve Money for the week ended June 05, 2020
The Reserve Bank has today released data on Reserve Money for the week ended June 05, 2020. Ajit Prasad Director Press Release: 2019-2020/2477
The Reserve Bank has today released data on Reserve Money for the week ended June 05, 2020. Ajit Prasad Director Press Release: 2019-2020/2477
Jun 05, 2020
Minutes of the Monetary Policy Committee Meeting May 20 to 22, 2020
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from May 20 to 22, 2020; the meeting was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing COVID-19 pandemic. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; D
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The twenty third meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the Reserve Bank of India Act, 1934, was held from May 20 to 22, 2020; the meeting was originally scheduled from June 3 to 5, 2020, but was advanced to May 20-22 in view of the ongoing COVID-19 pandemic. 2. The meeting was attended by all the members – Dr. Chetan Ghate, Professor, Indian Statistical Institute; D
Jun 03, 2020
Reserve Money for the week ended May 29, 2020 and Money Supply for the fortnight ended May 22, 2020
The Reserve Bank has today released data on Reserve Money for the week ended May 29, 2020 and Money Supply for the fortnight ended May 22, 2020. Ajit Prasad Director Press Release: 2019-2020/2445
The Reserve Bank has today released data on Reserve Money for the week ended May 29, 2020 and Money Supply for the fortnight ended May 22, 2020. Ajit Prasad Director Press Release: 2019-2020/2445
May 29, 2020
Sectoral Deployment of Bank Credit - April 2020
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of April 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 7.3 per cent in April 2020 from 11.9 per cent in April 2019.
Data on sectoral deployment of bank credit collected from select 33 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of April 2020 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below: On a year-on-year (y-o-y) basis, non-food bank credit growth decelerated to 7.3 per cent in April 2020 from 11.9 per cent in April 2019.
May 27, 2020
Reserve Money for the week ended May 22, 2020
The Reserve Bank has today released data on Reserve Money for the week ended May 22, 2020. Ajit Prasad Director Press Release : 2019-2020/2407
The Reserve Bank has today released data on Reserve Money for the week ended May 22, 2020. Ajit Prasad Director Press Release : 2019-2020/2407
May 22, 2020
Statement on Developmental and Regulatory Policies
This Statement sets out various developmental and regulatory policy measures to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments. I. Measures to Improve the Functioning of Markets These measures are int
This Statement sets out various developmental and regulatory policy measures to improve the functioning of markets and market participants; measures to support exports and imports; efforts to further ease financial stress caused by COVID-19 disruptions by providing relief on debt servicing and improving access to working capital; and steps to ease financial constraints faced by state governments. I. Measures to Improve the Functioning of Markets These measures are int
May 22, 2020
Monetary Policy Statement, 2020-21: Resolution of the Monetary Policy Committee (MPC) May 20 to 22, 2020
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 22, 2020) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 40 bps to 4.0 per cent from 4.40 per cent with immediate effect; accordingly, the marginal standing facility (MSF) rate and the Bank Rate stand reduced to 4.25 per cent from 4.65 per cent; and the reverse repo rate under the LAF
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (May 22, 2020) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 40 bps to 4.0 per cent from 4.40 per cent with immediate effect; accordingly, the marginal standing facility (MSF) rate and the Bank Rate stand reduced to 4.25 per cent from 4.65 per cent; and the reverse repo rate under the LAF
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