Fri, Apr 19, 2024
Minutes of RBI Monetary Policy Committee Meeting: Five of the six MPC members voted for the status quo in the policy rate. MPC member Jayanth R Varma, however, advocated a reduction in the repo rate by 25 basis points as "high-interest rates entail a growth sacrifice".
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Fri, Apr 05, 2024
RBI MPC Meeting outcome: The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to participate in government securities (G-Secs) or government bonds market. BI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with the RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the Negotiated Dealing System - Order Matching system (NDS-OM) platform.
Thu, Apr 04, 2024
RBI MPC Meeting Outcome: The Reserve Bank of India's bi-monthly Monetary Policy Committee (MPC) meeting for FY25 began on April 3, and the outcome of this meeting will be announced on Friday, April 5. Here are the details of when, where, and how to watch RBI Governor Shaktikanta Das' monetary policy meeting outcome statement live:
Mon, Apr 03, 2023
RBI MPC meeting April 2023: Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Committee — the central bank's all-powerful panel that decides the benchmark interest rates in the country — on April 6 announced a surprise status quo on the repo rate, leading to an intraday recovery on Dalal Street. Repo rate is the benchmark rate of interest at which the RBI lends money to commercial banks — this is the very rate that determines the EMI you pay for any of your loans. Follow this space to know all about the RBI MPC's second bi-monthly review of 2023, minute-by-minute updates, the views of Zee Business Managing Editor Anil Singhvi and other experts, realtime analysis and much more, only on Zeebiz.com's LIVE blog.
Wed, Feb 22, 2023
RBI February 2023 Meeting Minutes: RBI Governor Shaktikanta Das-led Monetary Policy Committee, the interest rate-setting panel of the central bank, released minutes of its first review of 2023 on Wednesday, February 22. The minutes come just ahead of the release of an official quarterly GDP reading scheduled for February 24.
Wed, Feb 08, 2023
RBI Governor Shaktikanta Das announced in bi-monthly monetary policy meeting that RBI will be extending UPI facilities to inbound travelers for merchant payments, starting with G20 countries.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday hiked the repo rate by 25 basis points to 6.50%.
RBI Governor made a big announcement for the interests of the customers. RBI Governor Shaktikanta Das said that a new rule may come for transparency in the penalty charge on the loan. RBI can make a rule, so that people can know how much transparency is there in the penalty charge. Know full details from Kushal Gupta.
Mon, Feb 06, 2023
With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 bps repo rate hike in its forthcoming bi-monthly monetary policy on February 8.
RBI MPC Meeting Date 2023: Since May last year, the Reserve Bank has increased the short-term lending rate by 225 basis points to contain inflation, mostly driven by external factors, especially global supply chain disruption following the Russia-Ukraine war outbreak.
Wed, Dec 07, 2022
The central bank governor Shaktikanta Das, while announcing the monetary policy decision today, has approved UPI (Unified Payment Interface) system for ASBA for secondary markets.
With the continuous attempt of policy tightening, the overall interest rates, or the tenor on which the consumers have taken loans are scheduled to rise.
The indices were down over 1 per cent on the intraday basis and were trading at 457.25 and 3,644.43 respectively.
The central bank has kept the headline inflation forecast unchanged at 6.7 per cent despite a minor upward revision to Q3FY23 and Q4FY23 forecasts.
Immediately after the rate hike announcement by RBI Governor Shaktikanta Das, Nifty Bank and Nifty Financial Services surged by around 0.3 and 0.15 per cent in the early morning trade.
RBI MPC Meeting Outcome: The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
RBI MPC Meeting: Since the first unscheduled mid-meeting hike in May earlier this year, the cumulative increase in interest rate now stands at 225 basis points
Mon, Dec 05, 2022
The Reserve Bank of India (RBI) will begin its monetary policy committee meeting today (December 5), which will last till Wednesday (December 7). RBI Governor Shaktikanta Das is expected to announce the final rate hike of 2022 to curb inflation.
RBI MPC Meeting: "We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of the fiscal year," Rajani Sinha, Chief Economist, CARE Ratings told IANS.
Thu, Nov 03, 2022
Why did the US Fed chairman make a HAWKISH statement? How will the market perform after the US Fed policy? Could rising interest rates affect the US economy? How much will interest rates go up in America? What will happen in the MPC meeting of RBI today? Will interest rates increase in RBI's MPC meeting? What will be the effect on commodities if Russia re-joins the Black Sea Grains deal? Know the complete analysis from Ajay Bagga, Chairman and Market Expert of Elyments Platforms.
What will happen in RBI's MPC meeting? What's the big concern in our market today? How will the market survive if RBI raises interest rates? How far market will fall when opens below the gap? Know from Anil Singhvi.
Fri, Sep 30, 2022
RBI Monetary Policy Review, Reaction from experts, analysts and industry leaders: The monetary policy committee (MPC), comprising three members from the RBI and three external experts, raised the key lending rate or the repo rate to 5.90 per cent - the highest since April 2019 - with five out of the six members voting in favour of the hike.
Wed, Sep 28, 2022
LIVE UPDATES: RBI Monetary Policy Review MPC Meeting: RBI Governor Shaktikanta Das has announced the MPC decision. Here are all the LIVE UPDATES on RBI Monetary Policy Review MPC Meeting:-
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