The Reserve Bank of India (RBI) concluded its bimonthly monterary policy meeting, and announced a major relaxation for people. Considering inflation above the 4% target, the RBI Governor Shaktikanta Das led MPC decided to keep repo rate unchanged at 6.5%, Standing Deposit Facility Rate remains at 6.25%. Marginal Standing Facility Rate and Bank Rate unchanged at 6.75%. More announcement into the meeting is awaited.
Courtesy: Live Mint
To maintain the inflation in India, the Reserve Bank of India is likely to go for another hike in rates. Notably, the Central Bank will announce its bi-monthly monetary policy on April 6. If experts are to be believed, the RBI will hike its repo rate by 25 bps, to control inflation. In February, India’s retail inflation stood at 6.44%, while in January, it was at 6.52%.
Courtesy: The Indian Express
The Reserve Bank of India hiked the repo rate by 25 basis points to 6.5%, on February 8. Governor Shaktikanta Das announced the decision of the monetary policy committee of six members, taken with a majority of 4 votes. In December 2022, the repo rate was raised by 0.35 percentage points to 6.25%. While repo rate hiked, there was no change in the reverse repo rate of 3.35%.
Courtesy: Hindustan Times
To tackle high inflation in the country, RBI's monetary policy committee has raised the repo rate by 50 bps, to 5.40%. Notably, the new repo rate is higher than that of pre-pandemic levels, which was 5.15%. Notably, demand in the economy is typically suppressed by increasing interest rates. The move "might have an immediate impact on home buying for short term," said… read-more
RBI has announced to increase the policy repo rate by 50 basis points, to 4.9%, to tame the rising inflation in the country. Notably, this is the second hike in five weeks. The decision has been taken during RBI's three-day Monetary Policy Committee (MPC) meeting. Furthermore, the Standing Deposit Facility (SDF) rate stands at 4.65%, and Marginal Standing Facility (MSF) rate at 5.15%.
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.
Courtesy: The Free Press Journal
Reserve Bank of India (RBI) Governor Shaktikanta Das, on December 8, announced that the repo rate will remain unchanged. "Consequently, the policy repo rate remains unchanged at 4% and the stance remains accommodative as long as necessary to revive and sustain growth on a durable basis" said Das. Furthermore, the marginal standing facility (MSF) rate and reverse repo rate at 4.25% and 3.35%, respectively, also remained unchanged.
Courtesy: The Hindu
The Reserve Bank of India (RBI) on October 8 issued its new report in which it has kept the repo rate unchanged at 4% and reverse repo rate at 3.35%. Reportedly, the decision ''by a majority of 5-1'' will push India's economic growth and recovery. Notably, the repo rate is the lending rate of RBI to commercial banks while RBI takes loans at the reverse repo rate from the banks.
Courtesy: United News Of India
The Indian rupee saw a decline of 105 paise against one US dollar, on April 7 markets shuts at 74.47 making it the biggest fall in last 20-months. However, the RBI's status quo on repo rate remains firm. According to a Research analyst Saif Mukadam, the depreciation is fuelled due to new lockdown restrictions. Besides, the Central government claims that the economic growth remains uncertain due to lockdown.
Courtesy: Deccan Herald
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.
Courtesy: The Indian Express