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.
Wed, Jun 08, 2022
The Reserve Bank of India's (RBI) decision to increase repo rate by 50bps was on expected lines, however, it is likely to impact homebuyers negatively as EMIs are set to get costlier.
The Reserve Bank has increased the repo rate by 0.50%. Now the repo rate has increased to 4.90%. RBI Governor Shaktikanta Das announced this to control inflation. Watch full news in this video.
Mon, Jun 06, 2022
The Monetary Policy Committee of the RBI is scheduled to meet between June 6-8, 2022, for the bimonthly policy decision. The central bank in May had announced a 0.4 per cent interest rate hike.
Sun, Jun 05, 2022
The Reserve Bank of India (RBI) is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday as inflation shows no signs of abatement.
Sat, Jun 04, 2022
The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase
Thu, Jun 02, 2022
With inflation remaining at elevated levels, Reserve Bank of India (RBI) may gradually increase the benchmark lending rate to about 5.75 per cent by the end of this fiscal, Axis Bank chief economist Saugata Bhattacharya said on Thursday
Sat, May 14, 2022
To keep inflation under control, the Reserve Bank (RBI) had recently increased the repo rate, after which the effect of increasing the repo rate is also visible on the interest rate of banks and housing finance. LIC Housing Finance has increased the rates on home loans from May 13.
Wed, May 04, 2022
The Reserve Bank of India (RBI) has hiked benchmark interest rate by 40 bps to 4.40 pc in an unscheduled policy review with a view to contain inflation.
Wed, Apr 13, 2022
With the Reserve Bank of India prioritising inflation over growth, the repo rate is likely to be hiked by at least 25 basis points in June, SBI's Ecowrap report said on Wednesday.
Thu, Feb 10, 2022
This was the sixth and last bi-monthly MPC meeting of FY22, and tenth time in a row when RBI kept the key rates unchanged.
Mon, Feb 07, 2022
India`s central bank is expected to hold its repo rate steady on Thursday but several economists are expecting an increase in the reverse repo rate as part of a process to reduce surplus liquidity poured into markets earlier in the pandemic.
Sun, Feb 06, 2022
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will commence from Monday, February 7, 2022.
Tue, Dec 14, 2021
In yet another episode of Money Guru, Zee Business' Swati Raina spoke to Harshvardhan Roongta, Certified Financial Planner at Roongta Securities, about the benefits of low interest rates, and better returns from bank fixed deposit.
Fri, Sep 17, 2021
The Punjab National Bank (PNB) has revised the Repo Linked Lending Rate (RLLR) from 6.80 percent to 6.55 percent with immediate effect.
Fri, May 22, 2020
Rbi announces three months extension on loan moratorium on emi. Rbi also cut repo rate in the crisis of lockdown
Thu, Dec 05, 2019
RBI announces repo rate stills same on 5.15%
Tue, Oct 01, 2019
In the recently held 37th GST Council meeting in Goa, Finance Minister Nirmala Sitharaman approved reduction in the GST on hotel room rent to give a boost to the tourism sector.
Thu, Aug 08, 2019
The RBI's monetary policy committee, led by governor Shaktikanta Das, lowered repo rate by 35% basis points to 5.4%.
Wed, Aug 07, 2019
भारतीय रिजर्व बैंक ने आज बुधवार को अपनी क्रेडिट पॉलिसी का ऐलान करते हुए रेपो रेट में 0.35 फीसदी की कटौती की है.
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