Washington DC: The Federal Reserve, which is the Central bank of the United States, on Wednesday, opted to keep interest rates steady at their highest level in 22 years for the second consecutive meeting, Bloomberg reported.
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the apex bank would launch a pilot project on QR code-based coin vending machines (QCVM).
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
Mumbai: Reserve Bank of India (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.
US stock indexes slumped sharply Thursday, following Federal Reserve's biggest interest rate hike since 1994 that heightened recession worries, media reports said.
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
Mumbai: Reserve Bank of India (RBI) Wednesday raised key interest rate by 40 basis points to 4.40 per cent with immediate effect.
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
Mumbai/IBNS: The Reserve Bank of India (RBI) may keep key policy rates, including repo and reverse repo rates, unchanged in its monetary policy review to be announced on Thursday in the backdrop of Union Budget 2022-23 and growing inflationary concerns, ANI reported.
Mumbai/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate while keeping the existing repo rate intact in order to reduce the liquidity in the market it had infused to push business activity amid Covid-19 last year, according to economists.
New Delhi/IBNS: The Reserve Bank of India (RBI) may raise the reverse repo rate at which it borrows money from the banks by up to 0.25 percent and leave the repo rate at which it lends money to the banks untouched, according to a British brokerage said on Thursday.