Key Points
The biggest reading from RBI's April 5 monetary policy is that any chances of rate cut from the RBI in the immediate future look unlikely till inflation eases to 4% levels...
Raising concerns over the impact of the reduction in fuel prices on inflation, the RBI governor said the Two months ago the elephant in the room was inflation, and that elephant has now gone for a walk in the forest and we hope it remains there...
Das highlighted that till inflation eases to the 4 percent mark, there is no rate thinking happening...
"It is proposed to make CBDC-retail accessible to a broader segment of users by enabling non-bank payment system operators to offer CBDC wallets," Das said.. RBI will be reviewing the liquidity coverage ratio framework for banks, Das said in his monetary policy address on Friday..
Announcing the current fiscal's first bi-monthly monetary policy of the RBI, Das said, Deposit of cash through cash deposit machines (CDMs) is primarily being done through the use of debit cards..
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