Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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What is the repo rate? The repo rate, or the key interest rate at which the RBI lends money to commercial banks, plays a significant role in determining the cost of borrowing for individuals and businesses. When the repo rate decreases, banks are inclined to reduce their lending rates, making loans cheaper. On the flipside, when the repo rate increases, banks tend to pass on their higher borrowing costs to consumers. Here's a summary of this key interest rate which impacts you very much.
As the country awaits the outcome of the RBI governor-led Monetary Policy Committee’s first bi-monthly review of FY25, SBI Caps expects the "first rate cut to be not before Aug’24".
Mon, Dec 05, 2022
The RBI's MPC has been on a rate hike spree since May 2022 on the back of higher inflation led by rising commodity prices.
Mon, Oct 03, 2022
The sale of residential flats in Kolkata in the July-September 2022 period has slumped by 73 per cent to 1,843 units compared to the corresponding period of 2021, according to Knight Frank India.
Fri, Sep 30, 2022
RBI has increased the repo rate by 50 basis points. Central banks around the world have increased interest rates. India's GDP growth is still the best. Inflation is a matter of concern for all sectors. Global inflation is increasing continuously. Experts believe that as long as the supply chain remains affected, inflation will increase. RBI increased repo rate to curb inflation. Who is responsible for the hike in interest rates? When will the hike in interest rates stop? Watch this special report on India 360.
RBI hiked repo rate by 50 basis points. After the repo hike, the gap between inflation and interest rate narrowed. Inflation rate at 7%, repo rate at 5.90%. This will make all types of loans expensive. In such a situation, you can reduce the tenure by increasing the EMI. You can pre-pay the loan amount. In between, you can make a one-time pre-payment. You can also make systematic part payment every month. Avoid Investing in Long Duration Debt Funds: Mrin Agarwal, Founder, Finsafe India and Monika Halan, Author and Professor, NISM.
How was the RBI monetary policy? How much deposit increased so far? Will the increase in repo rate affect banking loan demand? Where is the focus of RBI policy? Know about RBI's monetary policy from SBI MD (Retail Business & Operations) Alok Kumar Choudhary.
Repo Rate hiked by 0.5% as expected? What is the guidance in monetary policy in terms of banking sector? What is the situation regarding inflation on food items? Know from Federal Bank's ED Ashutosh Khajuria.
Why Repo Rate has to increase by 50 basis points? How much concerns more over inflation? How strong dollar index has affected the Indian economy? What were the Global challenges? Know full details from RBI Governor in this video.
Thu, Sep 29, 2022
RBI Monetary Policy Meeting: Experts unanimously agreed that there will be 0.5% increase in the repo rate this time. If this happens, it will take the key rate to a three-year high of 5.9%.
RBI's monetary policy will be announced on Friday. How much hike is expected in repo rate? Will the inflation rate change? Will GDP estimates change? Expert poll on RBI Policy, Watch with Deepanshu Bhandari.
Mon, Sep 26, 2022
The RBI Governor-headed Monetary Policy Committee (MPC) is scheduled to start its three-day deliberations on Wednesday. The decision of the rate-setting panel would be announced on Friday (September 30).
Sat, Aug 06, 2022
The lenders are free to decide the spread over the external benchmark as well as to offer such external benchmark-linked loans to other types of borrowers as well.
Fri, Aug 05, 2022
The Reserve Bank of India’s Monetary Policy Committee announced a 50 basis points(bps) hike in the repo rate to 5.40 per cent, citing continued upside risks to inflation. With this hike, all types of loans, including home-car loans, will be costlier. RBI has increased the repo rate for the third time in a row. During the monetary policy, RBI Governor Shaktikanta Das expressed concern over inflation and said that global inflation is a matter of concern and the Indian economy is also being affected by inflation. Watch this special report of Aapki Khabar Aapka Fayda.
Ramani Sastri - Chairman & Managing Director at Sterling Developers Pvt. Ltd said that the RBI move might have an immediate impact on home buying on a short-term basis
Nifty Bank and Financial Service surged by over 0.7 and 0.6%, respectively minutes after the RBI Governor announced to hike of the key interest rate by 50 bps
Banks with a higher share of floating rates and a robust CASA-led deposit franchise should be placed well in this increasing interest rate environment as the current credit growth is looking up, Naveen Kulkarni , Chief Investment Officer (CIO) at Axis Securities opines.
What should the RBI governor say about the liquidity with Indian banks? Watch this video.
Repo rate hiked by 0.50% - RBI Governor. Repo rate increased from 4.90% to 5.40%. MSF increased from 5.15% to 5.65%. Focus is on taking back the accommodative stand in the MPC meeting.
Tue, Aug 02, 2022
The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. Both the central bank and the government have been taking steps to contain inflation which is ruling above thye RBI's comfort level of 6 per cent since January this year. Here are all LIVE UPDATES:-
Analysts see a rate hike in the upcoming policy meet only because of higher inflation numbers. June marked the sixth straight month when inflation came at 7.01 per cent higher than the upper tolerance level of RBI.
Thu, Jul 28, 2022
A hike of such a quantum will take the repo rate beyond the 5.15 percent level, at which the RBI had begun the ultra-accommodative measures in the face of the COVID-19 pandemic, Axis Bank chief economist Saugata Bhattacharya told reporters.
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