Wed, Oct 09, 2024
Key Takeaways from RBI MPC Meeting: Reserve Bank of India governor Shaktikanta Das kept the repo rate unchanged at 6.50 per cent for the 10th consecutive time. The monetary policy committee (MPC) announced a change in the policy stance to 'neutral'. There was no change in GDP forecast and CPI inflation estimates for FY25.
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Wed, Jun 08, 2022
The Reserve Bank of India (RBI) on Wednesday hiked key repo rate by 50 basis points (bps) to 4.90% in a bid to tame the scoring inflation in the country. this is the 2nd straight hike by central bank in 2 months and is expected to hike borrowing costs for corporates and individuals. here know what is Repo Rate.
Wed, Aug 07, 2019
In the last few months, White label ATMs have grabbed attention of RBI, which is why a new set of norms has been introduced.
Fri, Jun 07, 2019
SBI has just introduced Repo Linked Loan Product for Home Loans. This means that every change in RBI’s policy repo rate will also be witnessed in SBI’s home loan interest rates too.
SBI has already linked its short term loans like cash credit (CC) and overdraft (OD) with policy repo rate.
Thu, Jun 06, 2019
India has finally witnessed a repo rate of 5.75%, which by the way, comes after 9 years. A lot has changed since 2010, when this rate was last applicable.
In last 3 monetary policies, overall 75 basis point cut has been made in repo rate.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Das along with MPC members equally will vote for their stance in this monetary policy, followed by majority decision.
Wed, Jun 05, 2019
RBI has cut repo rate by 50 basis points in past two monetary policies, taking down the indicator to 6% currently.
Tue, Dec 18, 2018
In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019.
Fri, Dec 07, 2018
Wed, Dec 05, 2018
RBI had stated several times, that banks are not passing the benefits of reductions in RBI policy repo rate to borrowers.
As expected the Reserve Bank of India today decided to keep policy repo rate unchanged at 6.50%.
RBI is an inflation trajectory cbank, and every policy stance revolves around the performance of Consumer Price Index (CPI) or retail inflation, which in latest month has softened. Retail Inflation in October 2018 month came in at 3.3% lower compared to 3.8% in September 2018 and 3.6% a year ago same month.
Fri, Oct 05, 2018
India's policy repo rate stays at 6.50%. Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
The decision of the RBI MPC is consistent with the stance of "calibrated tightening" of monetary policy.
RBI has launched a new scheme called as Voluntary Retention Route (VRR) for investment by Foreign Portfolio Investors (FPIs).
The decision of the RBI MPC is consistent with the stance of "calibrated tightening" of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4%.
Indian rupee touched an all-time low of 74.290 against the US dollar.
Real GDP growth is projected to improve from 6.7% in 2017-18 to 7.4% in 2018-19.
The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4% within a band of +/- 2%, while supporting growth. The main considerations underlying the decision are set out in the statement below.
Currently, policy repo rate stands at two-year high of 6.50%. Moreover, the reverse repo rate now stands at 6.25%, while the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
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