LIVE RBI Monetary Policy Review: Part of investigative team looking into Panama leaks, says Raghuram Rajan

Zee Media Bureau

The Reserve Bank of India on Tuesday slashed repo rate by 0.25 percent to 6.50 percent in its first bi-monthly monetary policy review.

But in a surprise move, the RBI also raised the reverse repo - or the rates lenders charge to the central bank - by 0.25 percent to 6 percent, while taking measures to ensure more availability of cash in the banking system.

05 April 2016

11:54 IST

Minister of State for Finance Jayant Sinha: Rate cut good stimulus for economy

11:47 IST

RBI Gov: We have no intent to publish willful defaulter list

RBI Gov: Release of loan defaulter list would result in undue anxiety and panic and would impact business

RBI Deputy Gov: RBI along with CBDT, ED, FIEO involved in Panama Papers leak investigation.

11:33 IST

RBI: expect CPI inflation to be around 5% in 2016-17

RBI Gov: Have cut rates by 150 basis points since the easing cycle began

RBI Gov: May sell some domestic assets to make room for foreign assets

11:32 IST

RBI Governor Raghuram Rajan: Act of default sometimes not because of ones own mistake

11:32 IST

RBI Gov: It is important that investigation (against loan defaulters) not done through the press

RBI Gov: If banking sector has suffered, it does not necessarily mean that corruption was involved

11:30 IST

RBI Governor Raghuram Rajan:Hope to see significant monetary transmission 

RBI Gov: If the monsoon is not good, then obviously that will imply some reduction ( in growth estimate)

11:28 IST

RBI Governor Raghuram Rajan: Rate cut sensible given the status of economy

RBI Governor Raghuram Rajan: Large bank loans to particular (business) groups need to come down in time

11:21 IST

RBI Gov Raghuram Rajan: We are part of investigative team that is looking into Panama Papers leak

11:20 IST

RBI deputy gov: Impact of 7th Pay Commission will be slightly lagged

11:13 IST

RBI Governor Raghuram Rajan: Good monsoon, fall in core inflation to give room for rate cut

11:12 IST

RBI Governor Raghuram Rajan: Have narrowed interest rate corridor

11:11 IST

RBI Governor Raghuram Rajan: Need to maintain liquidity deficit no longer there

11:10 IST

RBI Governor Raghuram Rajan: Guidelines for licenses for universal banks to come in the coming week

11:09 IST

RBI Governor Raghuram Rajan: Process of cleaning up of balance sheets of banks on the way

11:08 IST

RBI Governor Raghuram Rajan: Monetary policy stance is accommodative

11:06 IST

RBI Governor Raghuram Rajan:  Borrowing is significantly cheaper and will continue to be so

11:06 IST

The Bank Rate which is aligned to the MSF rate also stands adjusted to 7.0 percent. 

11:05 IST

The reverse repo rate under stands adjusted to 6.0 percent, and the marginal standing facility (MSF) rate to 7.0 percent.

11:01 IST

RBI keeps CRR unchanges at 4%, cuts daily CRR maintenance to 90% requirement

10:48 IST

RBI cuts repo rate by 0.25%

09:51 IST

Sensex down more than 100 points ahead of the RBI's first bi-monthly policy review

09:46 IST

Rupee has moved higher by 2 paise to 66.19 against the dollar in early trade today on fresh selling of the American currency by exporters and banks ahead of Reserve Bank's first bi-monthly monetary policy meet for 2016-17.