Monetary Policy Committee

Monetary Policy Committee News

Explained: How RBI's repo rate hike could affect your loans, FDs
Explainers

Explained: How RBI's repo rate hike could affect your loans, FDs

The RBI’s Monetary Policy Committee has decided to raise the repo rate – at which the central bank lends money to all commercial banks – by 25 basis points to 6.5 per cent. This is the sixth such hike since May 2022. Here’s what this means for the common man

RBI raises repo rate by 25 basis points to 6.5% from 6.25%
Business

RBI raises repo rate by 25 basis points to 6.5% from 6.25%

The Reserve Bank of India-led Monetary Policy Committee on Wednesday increased the repo rate, or the key rate at which the RBI lends short-term funds to commercial banks, to 6.50 per cent from 6.25 per cent

Narendra Modi and Indian economy: What do the hard facts on repo rate, credit policy, inflation, EMIs say
Opinion

Narendra Modi and Indian economy: What do the hard facts on repo rate, credit policy, inflation, EMIs say

Prime Minister Narendra Modi's government has judiciously combined both welfarism and reforms at a time when the global financial order is seeing cataclysmic changes

RBI retains growth forecast at 7.2 per cent for current financial year
Business

RBI retains growth forecast at 7.2 per cent for current financial year

The central bank sees improvement in urban demand and gradual recovery in rural India aided by normal monsoon

ICICI Bank, Indian Bank raise lending rates ahead of anticipated RBI hike
Business

ICICI Bank, Indian Bank raise lending rates ahead of anticipated RBI hike

The rates have been increased across all tenors under MCLR system. EMIs to become expensive for those who availed loans benchmarked against the MCLR

RBI maintains status quo; leaves benchmark lending rate unchanged at 4%
Business

RBI maintains status quo; leaves benchmark lending rate unchanged at 4%

This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo.

RBI maintains status quo; leaves benchmark lending rate unchanged at 4%
India

RBI maintains status quo; leaves benchmark lending rate unchanged at 4%

This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo

Reserve Bank begins three-day monetary policy meet to decide key rates
Business

Reserve Bank begins three-day monetary policy meet to decide key rates

The last MPC held in December 2021 had kept the benchmark interest rate unchanged at four per cent and decided to continue with its accommodative stance

Reserve Bank of India likely to maintain status quo in policy rate next week, say experts
Business

Reserve Bank of India likely to maintain status quo in policy rate next week, say experts

Experts, however, are of the opinion that RBI's monetary policy committee may change the policy stance from 'accommodative' to 'neutral'

'As long as necessary to revive growth': RBI keeps interest rates untouched at 4%
Business

'As long as necessary to revive growth': RBI keeps interest rates untouched at 4%

This is the eighth time in a row that that status quo has been maintained

Serious concerns about cryptocurrencies with regard to financial stability, says RBI governor
India

Serious concerns about cryptocurrencies with regard to financial stability, says RBI governor

Private cryptocurrencies like Bitcoin, which are unregulated, mined through a complex process and have highly volatile prices, are under the regulatory gaze in India despite their proliferation as an asset class

RBI keeps policy rate unchanged, retains repo at 4%; economy in slow recovery, says Shaktikanta Das
India

RBI keeps policy rate unchanged, retains repo at 4%; economy in slow recovery, says Shaktikanta Das

The reverse repo rate will also continue to earn 3.35 percent for banks for their deposits kept with RBI

RBI likely to main status quo in next monetary policy review due to COVID-19 surge, say experts
India

RBI likely to main status quo in next monetary policy review due to COVID-19 surge, say experts

The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on 7 April after a meeting of the Monetary Policy Committee headed by RBI Governor Shaktikanta Das

RBI governor Shaktikanta Das says second COVID-19 wave one of key risks to India's economic recovery
India

RBI governor Shaktikanta Das says second COVID-19 wave one of key risks to India's economic recovery

Shashanka Bhide, a member of the Monetary Policy Committee, also said uncertainties relating to COVID-19 will impact growth and inflation scenarios in the next two to three quarters

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of Shaktikanta Das' statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 40 bps to 4%; full text of Shaktikanta Das' statement

The Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank reduced the repo rate by 40 bps to 4 percent to ease the financial stress caused by the Covid-19 pandemic

RBI announces calender of MPC meetings for FY21; next meet of rate-setting panel scheduled for 3-5 June
Business

RBI announces calender of MPC meetings for FY21; next meet of rate-setting panel scheduled for 3-5 June

The Reserve Bank of India on Monday announced the calendar of the meetings of the Monetary Policy Committee (MPC) for the current financial year, and decision of the first meet will be announced on 5 June

Retail inflation eases to 5.91% in March from 6.58% in February on falling food, fuel prices
Business

Retail inflation eases to 5.91% in March from 6.58% in February on falling food, fuel prices

The retail inflation based on Consumer Price Index (CPI) was 6.58 percent in February 2020 and 2.86 per cent in March 2019.

Coronavirus Outbreak: RBI to use any means necessary to revive growth, preserve financial stability, says Shaktikanta Das
Business

Coronavirus Outbreak: RBI to use any means necessary to revive growth, preserve financial stability, says Shaktikanta Das

All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review
Business

RBI cuts repo rate by 75 bps to 4.4%; other key highlights of central bank's monetary policy review

The RBI on Friday allowed banks to put on hold EMI payments on all term loans for three months as it slashed the cost of fresh borrowing by cutting policy interest rate by steepest in more than 11 years, joining the efforts of the government to counter the economic fallout of the fast-spreading coronavirus pandemic

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement
Business

Coronavirus Outbreak: RBI cuts repo rate by 75 bps; full text of Shaktikanta Das monetary policy statement

The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind