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OMICRON RBI
Omicron Impact: 'Some loss' in economic activity momentum, says RBI GuvCovid's ongoing third wave has led to "some loss of momentum in economic activity" which has been reflected in high frequency indicators, R...- UBS slashes FY22 GDP forecast by 40 bps to 9.1 pc; ups projection for FY23 to 8.2 per centThe country has been reporting a massive surge in the coronavirus infections led by Omicron, the new variant of the virus, which has risen ...
- Bond yields could rise at a slower pace on growth, Covid worriesA weaker-than-expected growth estimate for financial year 2022 by the government's Central Statistics Office (CSO) and increased restrictio...
- Daily Covid cases could hit 3 million if India goes US way: NomuraOn Thursday, India's daily case count had crossed 100,000 after a gap of 214 days, taking the total tally of Covid-19 cases so far to 35.2 ...
- Sitharaman reviews PSBs' readiness to tackle any Omicron-induced disruptionIn a tweet, the Finance Ministry said during the meeting with CMDs/MDs, held through virtual mode, the minister also reviewed various steps...
- Economists see Omicron forcing RBI to delay policy normalisationThe country has reported a single-day rise of 58,097 new COVID-19 cases as of Wednesday morning--the highest in around 199 days-- of which ...
- RBI may delay rate hikes as Omicron might derail economic activityThe strong relation between economic activity and popular mobility indicators suggests that increase in Covid restrictions is likely to hit...
- Rising Omicron cases can impact growth by 0.3% in March quarter: Report"With states imposing COVID-related restrictions (night curfew on movement of people, restaurants allowed at 50 per cent capacity, offices ...
- RBI extends deadline for periodic KYC update till March 31"In view of the prevalent uncertainty due to new variant of COVID-19, the relaxation provided in the ... circular (relating to Periodic Upd...
- Omicron threatens near term economic prospects: RBI reportThe report notes that financial conditions remain conducive, engendered by the Reserve Bank’s liquidity operations that ensure large liquid...
- RBI flags Omicron threat to growth; says banks strong enough to face challengesA stronger and sustainable recovery hinges on the revival of private investment and shoring up private consumption, which unfortunately sti...
- RBI Governor for continued policy support to nurture economic revival: MPC minutes"Given these uncertainties, continued policy support is warranted for a durable, broad-based and self-sustaining rebound, especially to nur...
- RBI rushes in to cut the Rupee's sudden drop, likely sold $5 bnThe Indian Rupee rebounded from an 18-month low last week after the central bank sold dollars in the spot and futures market. The local uni...
- Indices mark biggest one-day gain in 6 monthsEuropean markets edged higher on news that a third dose of the Covid-19 vaccine produced by Pfizer and German partner BioNTech could fend o...
- Bankers welcome RBI stance amid Omicron fears, measures on digital paymentsLargest lender SBI's chairman Dinesh Khara said the announcement on capital infusion in overseas branches without prior approval of RBI wil...
- Will RBI hike rates today? Strategy for debt fund investorsMutual fund experts believe that CPI is expected to jump past the RBI’s 6% upper threshold this month and sustain above the 6% mark in most...
- Omicron seen slowing India’s policy normalisation pathAll 28 economists surveyed by Bloomberg as of Monday expect the six-member monetary policy committee to leave the repurchase rate unchanged...
- Monetary Policy: RBI likely to hold repo rate, keep stance unchangedThe Central bank could also provide commentary aimed at reining in bond yields and signal that its moving to normalise monetary consitions ...
- India's Q2 GDP grows at 8.4% as economic activity recovers after second virus waveThe bounce back in the second quarter is led by improvement in private consumption and investment. Private consumption forms the majority o...
- Rupee weakens on Moderna’s pessimistic view on OmicronThe partially convertible rupee settled at 75.1640 per US dollar as against 75.10 at the previous close. The Indian currency which had open...
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