"monetary-policy-review"

The Reserve Bank of India (RBI) is expected to keep key interest rates unchanged in its August 4 monetary policy review, prioritising economic growth as inflation remains within the tolerance band. Retail inflation stood at 4.38% in June, largely due to global oil prices, but public sector oil firms absorbed much of the impact.

Mumbai: The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI Governor-headed […]

The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.

The policy repo rate or the short-term lending is currently at 4 per cent, and the reverse repo rate is 3.35 per cent.