RBI increases repo rate to 6.5 pct
Mumbai: RBI Governor Shaktikanta Das on Wednesday announced the decision to hike repo rate by 25 basis points to 6.5 percent.
RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
RBI hikes repo rate by 35 basis points
Mumbai: The Reserve Bank of India on Wednesday announced that the repo rate has been hiked by 35 basis points to 6.25 percent.
RBI hikes key lending rate by 50 basis points
Mumbai: Reserve Bank of India Governor Shaktikanta Das on Friday announced the bank's decision to hike the key lending rate by 50 basis points to 5.4 percent with immediate effect.
RBI's reschedules Aug MPC meeting due to 'administrative exigencies'
Mumbai: Reserve Bank of India (RBI) Thursday said that the Monetary Policy Committee’s (MPC) meeting next month is rescheduled due to “administrative exigencies.”
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
RBI policy rate hike: Experts react
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.
Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.
RBI hikes repo rate by 50 basis points
New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike repo rate by 50 basis points to 4.90 percent.
RBI's focus shifts to inflation from economic growth amid geopolitical crisis
Mumbai: Taking note of the risks due to rising inflation amid global geopolitical incidents, after a period of two years, the RBI is prioritizing inflation over economic growth.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Mumbai/UNI: 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.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
New Delhi/Mumbai/UNI: Amid the global scare of new variant of Coronavirus, 'Omicron', posing downside risks to the economy, the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 4% providing cushion to the economy which has been on the recovery path clocking 8.4% growth in July-September quarter (Q2) of the current fiscal.
Banks, business community laud RBI's accommodative stance on repo rate
New Delhi/IBNS: RBI's stance to continue with the repo rate steady at 4 percent and maintain an accommodative policy stance to support economic growth and recovery has been welcomed by banks and the business community.
Low-rate regime is the need of the hour to boost recovery: EEPC India Chairman
Kolkata/IBNS: The low-rate regime is the need of the hour to boost recovery and the Reserve Bank of India has done a good job by keeping the repo rates unchanged at four percent besides keeping the stance accommodative, said the Chairman of EEPC (Engineering Export Promotion Council) Mahesh Desai.