Rbi Monetary Policy

Rbi Monetary Policy News

RBI monetary policy: Repo rate hiked by 50 bps to 5.4%, back to pre-pandemic levels
Business

RBI monetary policy: Repo rate hiked by 50 bps to 5.4%, back to pre-pandemic levels

Announcing the RBI monetary policy review, Governor Shaktikanta Das said that the FY23 GDP growth forecast has been retained at 7.2 per cent

RBI retains GDP growth forecast at 7.2% for current fiscal, cautions against negative spillovers
Business

RBI retains GDP growth forecast at 7.2% for current fiscal, cautions against negative spillovers

Announcing the third monetary policy of 2022-23, RBI Governor Shaktikanta Das said the available information for April and May 2022 indicates that the recovery in domestic economic activity remains firm, with growth impulses getting increasingly broad-based

EMIs to rise after RBI hikes key interest rate by 50 bps
Business

EMIs to rise after RBI hikes key interest rate by 50 bps

Today's increase of 50 basis points comes within five weeks after the RBI in early May hiked 40 basis point during an unscheduled meeting that kicked off the central bank's tightening cycle

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%
Business

RBI hikes repo rate by 50 bps to 4.90%, retains GDP growth forecast at 7.2%

RBI Governor Shaktikanta Das announced that the central bank's decision to raise MSF Rate and Bank rate to 5.15 per cent from 4.65 per cent

RBI likely to increase repo rate by 40 basis points to 4.80%, raise inflation forecast today
Business

RBI likely to increase repo rate by 40 basis points to 4.80%, raise inflation forecast today

The six-member Monetary Policy Committee (MPC) of the RBI is certain to hike the policy interest rates as inflation has remained above the central bank's tolerance limit for the past several months

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties
Business

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties

Earlier this year, the Economic Survey in January had projected a growth rate of 8-8.5 per cent for the current fiscal

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

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy
Business

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy

According to RBI Governor Shaktikanta Das, the central bank's Monetary Policy Committee has unanimously decided to maintain the status quo on policy repo rate by a majority of 5 to 1 to retain the "accommodative policy stance"

RBI Monetary Policy: Amid Omicron scare, central bank keeps repo rate unchanged at 4% for ninth time
Business

RBI Monetary Policy: Amid Omicron scare, central bank keeps repo rate unchanged at 4% for ninth time

RBI Governor Shaktikanta Das said that the repo rate was unchanged for the ninth consecutive time while maintaining an ‘accommodative stance’ as long as necessary

RBI to release monetary policy today, likely to maintain status quo on key rates; here's what to expect
Business

RBI to release monetary policy today, likely to maintain status quo on key rates; here's what to expect

In the last policy review in October, the RBI had kept the key lending rates unchanged for eight consecutive times

Indian economy poised to achieve GDP growth of 10.25 percent in FY22, says PHDCCI
Business

Indian economy poised to achieve GDP growth of 10.25 percent in FY22, says PHDCCI

The National Statistical Office, the official agency of the government, on 31 August, had said the real GDP growth for the first quarter of 2021-22 was at 20.1 percent.

RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5%
Business

RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5%

MPC decided to maintain the status quo, that is keeping benchmark repurchase (repo) rate at 4%. Consequently, the reverse repo rate will also continue to earn 3.35% interest for banks

Sensex, Nifty surge to record highs ahead of RBI's monetary policy decision today
India

Sensex, Nifty surge to record highs ahead of RBI's monetary policy decision today

The BSE Sensex opened strong and finished at 382.95 points higher at 52,232.43. Similarly, NSE Nifty soared 114.15 points to end at its lifetime peak of 15,690.35

Sensex climbs 300 points after RBI policy outcome; Nestle India, Bharti Airtel among top gainers
Business

Sensex climbs 300 points after RBI policy outcome; Nestle India, Bharti Airtel among top gainers

RBI Governor Shaktikanta Das said the Monetary Policy Committee kept its estimate for economic growth unchanged at 10.5 percent for the current fiscal

RBI keeps interest rates unchanged as economy faces threat amid growing COVID-19 cases
Business

RBI keeps interest rates unchanged as economy faces threat amid growing COVID-19 cases

RBI governor Shaktikanta Das said the Monetary Policy Committee kept its estimate for economic growth unchanged at 10.5 percent for the current fiscal

RBI likely to maintain status quo on benchmark interest rate in next monetary policy, say experts
Business

RBI likely to maintain status quo on benchmark interest rate in next monetary policy, say experts

The RBI had last revised its policy rate on 22 May, in an off-policy cycle to perk up demand by cutting interest rate to a historic low

RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance
Business

RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance

The central bank, which had previously expected the economy to shrink 9.5 percent in the year to March, revised its forecast after a shallower-than-expected decline in GDP in the July-September quarter

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations
India

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations

RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to historic low.

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August
Business

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August

Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade
Business

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade

The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade