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I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor

The fiscal support must tilt towards more direct spending and tax relief

The Reserve Bank had announced about the OMOs in the statement on Developmental and Regulatory Policies after the monetary policy meeting on October 9

"The survey (Round 51) is for the reference period July-September 2020 (Q2:2020-21)," the central bank said in a statement.

RBI’s data-backed forward view should be able to reinforce confidence in entrepreneurs to stimulate economic activities

The central bank had slashed the repo rate by 115 basis points since late March before hitting a pause button in August

The Monetary Policy Committee decides to keep repo and reverse repo rates unchanged

Exchange data showed that foreign institutional investors bought equities worth Rs 978.37 crore on a net basis on Thursday.

Bank, which has been on the lookout for an investor and capital for long, was jolted on September 25 when its shareholders voted out seven directors of its board, including CEO S Sundar

The apex court's direction came after the Finance Ministry decided to grant relief to individual borrowers as well as medium and small industries by agreeing to waive compound interest.