Photo: Business Standard
RBI Revises Repo Rate By 5.40%, Highest Since 2019
The Reserve Bank of India revised the benchmark lending rate, Repo Rate by 5.40% or 50 basis points, on August 5. RBI Governor Shaktikanta Das announced the latest hike, the repo rate or the short-term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15%. Notably, this is the third time after the Covid-19 pandemic, that the reserve repo rate has been hiked, also the highest since… read-more
Tags: Reserve Repo Rate, RBI, Governor Shaktikanta Das, MPC, Bank Loan
Courtesy: NDTV
Photo: Business LIne
RBI Revises Repo Rate By 40 Bps, EMIs On Loans To Be Expensive
The RBI Governor Shaktikanta Das announced a 40 bps hike in repo rates, due to which money loans will be expensive. On May 4, Das said after unanimous votes of the Monetary Policy Committee, the repo rate has been increased by 40 basis points, citing persistent inflationary pressures in the economy. Moreover, the amount of deposits in bank rate is 4.5%. The hike will be effective from May 21.
Tags: repo rate, RBI, Governor Shaktikanta Das, MPC, Banks
Courtesy: The Free Press Journal
