Thu, Aug 08, 2024
RBI Monetary Policy: During the MPC today, RBI Governor Shaktikanta Das proposed a new initiative to reduce the cheque-clearing time from up to two days to a few hours.
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Fri, Apr 05, 2024
RBI monetary policy: The MPC decided to keep the repo rate unchanged at 6.5 per cent for the seventh consecutive time. The policy stance—withdrawal of accommodation—also remains in place.
Fri, Dec 08, 2023
Along with this, the governor made many major announcements, including the setting up of cloud facilities for the financial sector and a fintech repository.
Das announced these measures on Friday after declaring the Monetary Policy Committee's decision to retain the repo rate at 6.5 per cent and predicting the gross domestic product (GDP) growth rate at 7 per cent and inflation rate at 5.4 per cent for FY24.
RBI Monetary Policy 2023: The repo rate is the rate at which the central bank of any country (RBI, in the case of India) lends money to commercial banks in case of any shortfall of funds.
Thu, Aug 10, 2023
The Reserve Bank of India's (RBI) latest monetary policy committee (MPC) announcement has led to a downturn in the Sensex index, as investors respond to the unexpectedly hawkish tone. According to V.K.
Wed, Feb 08, 2023
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points, paving the way for banks and non-banking financial companies to increase interest rates on home, personal and other kinds of loans.
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