Wed, Oct 09, 2024
For the 10th consecutive time, there was no change in India's repo rate as the Reserve Bank of India (RBI) Governor Shaktikanta Das-led Monetary Policy Meeting (MPC) on Wednesday (October 9, 2024) maintained it at 6.50 per cent. The big change came in the face of the Central Bank changing the policy stance to 'netral' from 'withdrawal of accommodation'. On the other hand, there were no changes in the GDP forecast and Consumer Price Index (CPI) inflation estimates for FY25. In his address on Wednesday, Das said, "The MPC considered it appropriate to change the stance to neutral and remain unambiguously focused on bringing inflation to target durably.
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RBI Repo Rate Decision: The Reserve Bank of India Governor-led Monetary Policy Committee decides the repo rate—or the key interest rate at which the RBI lends money to commercial banks—taking into account a number of factors including consumer inflation (measured by the CPI) and GDP growth. It is the very rate that determines the interest rates commercial banks like SBI and HDFC Bank pass on to their customers.
Mon, Oct 07, 2024
Will the RBI Governor-led MPC decide to cut the repo rate this month? After a two-month gap, the Monetary Policy Committee—the RBI’s rate-deciding panel—is meeting again for a scheduled review of its monetary policy. And yet again, the question on everyone’s mind is: Will there be a rate cut this time? Here’s what you need to know about the upcoming rate decision by the Indian central bank—coming less than three weeks after the Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) delivered a surprise 50-basis-point reduction in the key US interest rate.
Tue, Feb 07, 2023
Monetary policy will come tomorrow at 10 am. How much will RBI hike the repo rate? What will be the attitude of the Central Bank for the future? Know the complete details from Varun Dubey.
Sun, Feb 05, 2023
RBI's rate-setting panel - Monetary Policy Committee (MPC) - will start its three-day deliberations on Monday. The decision will be announced on February 8.
Mon, Dec 19, 2022
HDFC said the new rate of 8.65 per cent will be available only for those borrowers with a credit score of 800 and above. This is the lowest rate in the industry, it added.
Sun, Dec 18, 2022
The monetary policy committee (MPC) of the Reserve Bank of India (RBI) on December 7, 2022, announced a fifth straight hike in the benchmark interest rates by 35 basis points to 6.25 per cent with a 5:1 unanimous voting by a six-member panel.
Thu, Dec 08, 2022
The effective Repo Based Lending Rate (RBLR) with effect from December 7 is 9.10 per cent as per the revised repo rate (6.25 per cent), state-owned Bank of India posted on its website. Private sector HDFC Bank has hiked its marginal cost of funds-based lending rate (MCLR) effective Wednesday.
Wed, Dec 07, 2022
The Reserve Bank of India (RBI) has increased the repo rate for the fifth consecutive time this year. Today RBI has hiked the repo rate by 35 basis points. How much will rising rates affect you? What are the ways to improve budget? Watch Money Guru to know experts opinion.
The Reserve Bank of India (RBI) has increased the repo rate for the fifth consecutive time this year. Today RBI has hiked the repo rate by 35 basis points. Due to this the repo rate has increased from 5.90% to 6.25%. Repo rate hiked by 2.25% since May. Why will banks make loans expensive? Watch this special report of Aapki Khabar Aapka Fayda.
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.
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
Tue, Dec 06, 2022
How much will RBI increase interest rates tomorrow? Will the rates increase further? Will RBI change its stance? Will the inflation forecast change? Watch Business's Poll on RBI Monetary Policy.
How expensive will the loan be tomorrow? How much will the repo rate hike? Will the rates hike further? Watch Zee Business poll on Monetary Policy with Varun Dubey.
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.
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