"repo-rate"

The RBI’s stance suggests a continued focus on price stability, given the current economic climate

RBI Governor Shaktikanta Das: MPC Decides to Maintain Current 6.5% Repo Rate

RBI Governor Shaktikanta Das announces MPC's decision to maintain the repo rate at 6.5% after three-day deliberations.

The 30-share BSE Sensex climbed 364.06 points or 0.55 per cent to settle at 65,995.63. During the day, it jumped 464.24 points or 0.70 per cent to hit 66,095.81

One should not hope for a rate cut this financial year since inflation is set to hover above 5%

RBI Governor Shaktikanta Das said on Thursday that the committee unanimously decided to keep the repo rate at 6.5 per cent.

The pause in the policy rate hike must be seen as a pragmatic move given the global uncertainty

Reserve Bank of India has decided that the standing deposit facility (SDF) will remain unchanged at 6.25 per cent and the marginal standing facility (MSF) and bank rates unchanged at 6.75 per cent.

The Governor made the announcement during a RBI Monetary Policy Committee meeting where the repo rate was hiked by 25 basis points to 6.5 per cent.

The repo rate, also called the policy rate, is the interest at which RBI lends money to the commercial banks.

Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same.

Contrary to NDA govt’s glib pronouncement that India will witness a high growth trajectory, gloomy clouds hover over the country

With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.

Risks to the inflation outlook are skewed to the upside due to uncertainty around food inflation trajectory (sowing for rice, pulses is lower YoY), changes in global commodity prices and possibility of imported inflation if exchange rate weakens amid dollar strength, the report added.

Hyderabad: The Reserve Bank of India has once again increased the repo rate by 50 basis points (bps) thus taking the cumulative hike in rates to 90 bps in a span of just two months. Although this rate hike was on expected lines, many industry analysts and experts suggest that this might impact home buying […]

The Reserve Bank of India’s decision to raise the repo rate — for the second time in over a month — by 50 basis points sends a message that the central bank is focused more on taming runaway inflation. However, the move is expected to hurt economic recovery as home and vehicle loans are set […]

Mumbai: Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points (bps), the second increase in five weeks, to rein in a rise in prices that was seen continuing to hurt consumers in the near term. The increase in […]

Mumbai: Indian stock market’s benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent. The 30 stock S&P BSE Sensex fell 205.27 points or 0.37 per cent to close at 54,902.07 points at 10:30 am. The broader […]

The Reserve Bank of India’s decision to keep the repo rate unchanged at 4% for the 10th time in a row and to maintain the accommodative stance reflects a more cautious approach in the wake of an erratic economic recovery and the continued impact of the pandemic. The Monetary Policy Committee (MPC) in its last […]

Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.