RBI Governor

Photo: Business Line

RBI Keeps Reserve Repo Rate Unchanged At 6.5%

In a major business development, the Reserve Bank of india (RBI) kept repo rate unchanged at 6.5%. The last time RBI Monetary Policy Committee announced a hike in reserve repo rate by 25% was in 2023 February. The decision was taken considering the current inflation and economic crisis, globally. However India and its made in India initiative is working wonders, with India maintaining its economic situation.

Thu, 06 Apr 2023 - 02:46 PM / by Varsha Joshi

Tags: RBI, monetary policy committee, Reserve Repo Rate, Indian Business, Inflation

Courtesy: Live Mint

Shaktikanta Das

Photo: The Economic Times

RBI Maintains Status Quo On Repo Rate At 4%

For the seventh consecutive time, the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has kept the benchmark interest rate unchanged at 4%. Reportedly, the "accommodative stance is maintained as the economy is still recovering from the COVID-19 second wave". This move supports growth and keeps inflation in check. Accordingly, the reverse repo rate will remain at 3.35% and annual inflation at 4%.

Fri, 06 Aug 2021 - 01:32 PM / by Aditi Chavan

Tags: RBI, SHAKTIKANTA DAS, monetary policy committee, interest rate, Economy

RBI Governor Shaktikanta Das

Photo: The Indian Express

RBI Suggests Centre, States To Cut Petrol, Diesel Taxes To Ease Inflation

In order to ease the inflation, the RBI’s Monetary Policy Committee on June 4 suggested the Centre and states to reduce taxes and duties on fuel. The RBI’s remark came as petrol prices crossed Rs 100/litre in some states. Reportedly, taxes constitute 58% and 52% of petrol and diesel price. Highlighting the need for adjustment in excise duties, cess and taxes by governments, the MPC predicted inflation rate at 5.1%.

Fri, 04 Jun 2021 - 08:55 PM / by Vanshika Sharma

Tags: Petrol Price, Inflation, RBI, monetary policy committee

Courtesy: The Print

Shaktikanth Das

Photo: The Economic Times

RBI Monetary Committee Keeps Repo Rate At 4%; Expects Economic Recovery by Q4

The RBI Monetary Planning Committee has decided to continue the repo rate of 4%. RBI Governor ShaktiDas on October 9 said that the Indian economy was entering a "decisive phase" due to the pandemic. He added that owing to the pandemic, a economic contraction of 9.5% for the fiscal year is expected and opined that the economy would see positive growth by the fourth quarter of this fiscal year.  

Fri, 09 Oct 2020 - 01:12 PM / by Sneha Ramesh

Tags: RBI, repo rate, monetary policy committee, Covid-19

Courtesy: The Indian Express

RBI

Photo: DNA India

Three Economists Appointed To RBI's Monetary Policy Committee

Three economists - Ashima Goyal, Jayanth R Varma, and Shashanka Bhide - have been appointed as the new independent members of the RBI's Monetary Policy Committee (MPC). The Union Government appoints independent members for the committee, which is responsible for maintaining price stability, and deciding the repo rate to control inflation. The other members of the six-member committee include the RBI governor, deputy governor and an official… read-more

Tue, 06 Oct 2020 - 08:47 AM / by Sneha Ramesh

Tags: RBI, monetary policy committee, Central Government, repo rate

Courtesy: Livemint