RBI rate hike: The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- is meeting to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect.
The Reserve Bank of India (RBI) on Friday left interest rates unchanged at 4 per cent. This is the fourth time in a row when the RBI has left the rate unchanged.
The Reserve Bank of India (RBI) had cut rates by 1.15 per cent in two moves since the onset of the pandemic in March this year in order to push economic growth, but surprised many by holding on to rates at the August review as inflation overshot its target.
The Reserve Bank is likely to cut rates by 0.25 per cent at next week's policy review even though inflation remains on the higher side, domestic ratings agency Crisil said on Friday.
According to market observers, the monetary policy committee of the RBI is expected to go ahead and further reduce the key lending rate, to give further impetus to growth.
The government has also decided to make necessary changes in PMLA rules and Aadhaar regulations to ease the lending process, Finance Minister Nirmala Sitharaman said.
SBI reduced its MCLR by 5 basis points (0.05 per cent) across all tenors with the one-year MCLR coming down from 8.55 per cent per annum to 8.50 per cent per annum.
New Delhi: The Reserve Bank of India is expected to come out with more monetary easing in the coming months if inflation remains in the comfortable zone, top private sector lender ICICI Bank's chief Chanda
New Delhi: Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.EMIs
New Delhi: Finance Ministry's Chief Economic Adviser, Arvind Subramanian on Thursday said the 25 basis points, or or 0.25 per cent, rate cut, indicates a shift in Reserve Bank of India's monetary policy stance.In a
New Delhi: The Reserve Bank of India (RBI) is likely to hold interest rates at its monetary policy review meeting on December second but is expected to lower them by 50 basis points next year,
Mumbai: With the hope against hope of seeing the central bank cut key interest rates and following an encouraging set of inflation and factory output numbers, the Indian equities markets made healthy gains of more
New Delhi: Finance Minister Arun Jaitley today pitched for an interest rate cut, expressing confidence that the RBI will move in the direction of making the cost of capital reasonable to help perk up economy."The
New Delhi: Ahead of the monetary policy review, State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Thursday said RBI may leave interest rate unchanged in the next review but could soften its stance by
Mumbai: Notwithstanding moderation in inflation, the Reserve Bank is likely to keep status quo on the policy rates this fiscal to check price rise expectations, says a report."We expect the central bank to stick to
Mumbai: Even though the headline retail inflation has eased to a five-year low of 6.5 per cent in September, analysts said the Reserve Bank of India (RBI) is unlikely to cut its key rates in
Bangalore: The Reserve Bank of India (RBI) will probably wait until the second quarter of next year to loosen policy as it wants to cool inflation before trying to spur growth, a poll found ahead
New Delhi: The Reserve Bank of India is likely to hold the key interest rate in its policy review meeting later this month and is expected to lower that from February, says a Bank of
New Delhi: The Reserve Bank of India (RBI) has kept key interest rates unchanged in its first bi-monthly monetary policy review on Tuesday. The bank also said it does not expect further near-term policy tightening
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