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.
RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth
Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.
New Delhi/IBNS: The RBI has rightly prioritized growth over inflation to rejuvenate economic growth on a durable basis and mitigate the extraordinary impact of Covid 19, said CH S S Mallikarjuna Rao, MD & CEO of Punjab National Bank (PNB).
ASSOCHAM lauds RBI for prioritising growth with accommodative policy stance
Kolkata/IBNS: ASSOCHAM today said full credit must be given to the Reserve Bank of India and its Monetary Policy Committee for ''prioritising'' growth and retaining the ''accommodative stance'' on policy rates to lessen the impact of Covid-19 on the economy, despite inflationary pressures which have rightly been described as ''transitory'' by Governor Shaktikanta Das.