Thu, Sep 19, 2024
A 50 bps rate cut in the US—the first such move in more than four years—comes at a time when investors around the globe keenly looked out for the onset of an impending easing of borrowing costs.
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Thu, Jun 06, 2024
RBI June 5-7 MPC Review Preview: Can you expect the RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) to lower the key lending rate or change its stance in the June review? Here's all you need to know about the economy and the latest readings of high-frequency indicators.
Fri, Oct 04, 2019
Refuting all reports of any shortage in funds in the system, Governor Das said, "Since August-September, there is no shortage in liquidity at all."
Both indexes had risen roughly 0.4% each earlier on Friday before the rate cuts were announced. The benchmark 10-year bond yield rose 5 basis points to 6.64% after the central bank`s announcement.
The first question asked was if the RBI will once again go for rate cut. About 80% respondents opined that there is a possibility of 0.25% rate cut, and after this rates will be paused or put on hold for coming days.
Mon, Sep 30, 2019
The latest retail inflation reading at 3.21 per cent for August, which is lower than the mandated 4 per cent inflation target, gives the RBI headroom to cut rates to spur growth.
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.
Those who have taken a home loan of Rs 20 lakh for a period of 20 years at an interest rate of 9.55 per cent, earlier they had to pay a monthly installment of Rs 18,708, but this will now be reduced to Rs 18,253 at the rate 9.20 per cent - if it is passed on entirely.
Earlier there were specific time and period imposed when you could carry out NEFT transactions.
Generally, RBI repo rate cut means good news for borrowers, but it also scripts a bad case for depositors.
After RBI announced repo rate cut, the largest lender, State Bank of India (SBI), stirred up the competition further.
RBI’s repo rate cut was a major step for the Indian rupee, which is already facing headwinds due to geopolitical tensions, currency war and trade war among other factors.
Fri, Jun 14, 2019
RBI's back-to-back rate cut is setting a new trend for banking system’s deposits, lending and CASA.
Sat, Jun 08, 2019
SBI statement said, "The benefit of reduction in the repo rate by 25 bps has been passed in its entirety to our CC/OD customers (limits above Rs 1 lakh), with effect from July 1."
Fri, Jun 07, 2019
SBI has already linked its short term loans like cash credit (CC) and overdraft (OD) with policy repo rate.
Bank ATMs provide a huge number of services that are very helpful for citizens. However, customers pay for them. RBI has looked deeply into this and has made an announcement that will come as a big relief for customers.
RBI has bagged a hatrick by trimming down the repo rate by total 75 basis points between February 2019 to June 2019 policy.
Thu, Jun 06, 2019
RBI monetary policy 2019: The Reserve Bank of India (RBI) today cut the repo rate to 5.75 per cent and reverse repo rate to 5.50 per cent.
The traditional instant money transfer mode namely National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) platforms will become more attractive further.
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.
In fact, rupee reversed its Thursday's early opening trend, and strengthened against dollar benchmark commendably.
RBI monetary policy 2019: All the MPC members unanimously decided to change the stance of monetary policy from neutral to accommodative.
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