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Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's.

The facility will have tenors of up to three years at repo rate (4 per cent), said RBI Governor Shaktikanta Das.

At 10:25 am, the BSE S&P Sensex was up by 94 points or 0.18 per cent at 52,327 while the Nifty 50 gained by 31 points or 0.2 per cent to 15,721.

The announcement came after a three-day meeting of its Monetary Policy Committee (MPC). The RBI has kept repo rate the central bank's lending rate unchanged at 4 per cent and reverse repo rate borrowing rate at 3.35 per cent.

Contrary to the narrative being advanced by the NDA govt, GDP growth has been a point of growing weakness for the last five years

In its report, the RBI has stated that the circulation of the Rs. 2000 notes has fallen drastically to 17.3 % of overall notes in circulation as of March 2021

The stock markets are mainly driven by money supply and foreign portfolio investor (FPI) investments, the apex bank said.

The Tanstia in the letter requested the chief minster to lift the ban on two wheeler travel so that the workers will be in a position to reach to the units.

It may be mentioned that a similar technical upgrade for RTGS was completed on April 18, 2021.

It is up to the Centre now to complement RBI’s efforts to revive the economy with appropriate policy interventions

Signals from a few sectors and other economies keep the hope of an economic rebound afloat amidst a grim situation

However, non-deposit taking NBFCs with asset size below Rs 1,000 crore have the option to continue with their extant procedure.

Rising unemployment and plunging demand have once again turned the spotlight on the gloomy urban economy

Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020

In the week ended April 16, 2021, the increase in reserves was mainly due to a rise in foreign currency assets (FCAs), a major component of the overall reserves

The RBI's decision to increase the balance limit is an endorsement of the role Payments Banks have in furthering financial and digital inclusion in India.

In the previous week ended April 2, the reserves had dipped by $2.42 billion to $576.28 billion

Banks need to respond to the ferocity of impending competitive headwinds from NBFCs, including fintech companies

Keeping inflation at the epicentre of monetary policy is an assurance that it will not be allowed to go awry

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.