RBI panel proposes to keep WACR as a policy goal and to end a 14-day VRR/VRR auctions

Panel suggests a new liquidity approach with shorter repos and retains the CRR -minimum on the current 90%. | Photocredit: Bloomberg The internal working group of the Reserve Bank of India (RBI) that revised the Liquility Management Framework (LMF) has recommended to maintain the overnight-weighted average call rate (WACR) as the operational target and the […]

RBI Turbo-Laden Economic Growth Motor

CRR Cut is a smart move to stimulate liquidity when our consumption reaches the peak during the festive season from September | Photocredit: Avijit Sadhu The Monetary Policy Committee (MPC) surprised the markets in a daring step the markets with “blowing all weapons” percentages to push economic growth; A REPO rate reduction with 50 basic […]