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RBI repo rate

Increase in repo rate will affect MSMEs and industrial investments: TN Commerce chamber

In a release, chamber president Dr Jegatheesan said the RBI on Friday increased the repo rate from 5.40% to 5.90%.

published on : 1st October 2022

RBI hikes rate by 50 basis points, sends clear signals that more hikes are in the offing

And with major central banks' aggressive rate tightening taking the global economy on a white-kunckle ride, India's real GDP growth rate is pared down to 7% for FY23 from 7.2% projected earlier.  

published on : 30th September 2022

SBI raises benchmark lending rates by up to 50 basis points

With the increase in lending rate, EMIs will go up for those borrowers who have availed loans on MCLR, EBLR or RLLR.

published on : 15th August 2022

With record repo rate hike, RBI signals end of cheap loans era

ICICI Bank and Punjab National Bank have already raised their lending rates after the central bank increased the benchmark interest rate on Friday. 

published on : 6th August 2022

In highest hike since 2019, RBI raises key rate by 50 bps to 5.40 per cent; Governor Shaktikanta Das raises inflation fears

The RBI expects growth in the first quarter of the current fiscal at 16.2 per cent, which will eventually taper to 4 per cent. Das cautioned that there are risks from the ongoing Russia-Ukraine war.

published on : 5th August 2022

Stocks correct from highs, bond yields down a tad after RBI repo rate hike

The Reserve Bank of India raised inflation forecast and changed its policy stance to withdrawal of accommodation from remaining accommodative.

published on : 9th June 2022

Withdrawal of accommodation calibrated to evolving inflation-growth dynamics: RBI Governor

The six-member Monetary Policy Committee, which met from May 6-to 8, unanimously voted to increase the policy repo rate to 4.90 per cent.

published on : 8th June 2022

'Right balance between inflation and growth': Experts welcome RBI's repo rate hike

Announcing the credit policy, RBI Governor Shaktikanta Das said that the Indian economy is resilient, though negative global spillovers continue to weigh on the domestic economic growth outlook.

published on : 8th June 2022

Builders expect slowdown in housing demand in short-term on RBI's rate hike

Builders welcomed the RBI's decision to increase the existing limits on individual housing loans by co-operative banks.

published on : 8th June 2022

Monetary, fiscal authorities taking steps to control inflation: Economic Affairs secretary Ajay Seth

Seth said that apart from growth and inflation, the authorities are also working on management of rupee and keeping fiscal balance.

published on : 8th June 2022

Evolving conditions will guide future policy actions: RBI Governor Shaktikanta Das

The governor said that the RBI has changed the policy stance to drop the phrase 'remains accommodative' and instead opted for 'withdrawal of accommodation' for guiding its future moves.

published on : 8th June 2022

RBI allows credit cards to be linked with UPI to boost digital payments

At present, UPI facilitates transactions by linking savings or current accounts through users’ debit cards. With this new proposal, users can link their credit cards with UPI.

published on : 8th June 2022

Managing home loan EMI as interest rates go up

When interest rates go up, the interest burden of a home loan borrower would go up, and this needs to be compensated either by way of an increase in the tenure of the loan or an increase in the EMI.

published on : 9th May 2022

Realty, auto, bank stocks tumble after RBI's rate hike as experts predict quick actions against inflation

The 30-share BSE benchmark Sensex tumbled 1,306.96 points or 2.29 per cent to settle at 55,669.03. During the day, it plummeted 1,474.39 points or 2.58 per cent to 55,501.60.

published on : 4th May 2022

RBI's Monetary Policy Committee in meeting expresses concern over inflation

While RBI decided to maintain status quo, it raised inflation forecast to 5.7 per cent for the current fiscal, up from its 4.5 per cent estimate in February.

published on : 22nd April 2022

RBI may hike repo rate by 25 bps in June: Report

Retail inflation surged to 6.95 per cent on yearly basis in March 2022 as compared to 6.07 per cent in February 2022 mainly on account of spiralling food prices.

published on : 13th April 2022

Rate hike shows RBI committed to bringing inflation to 4 per cent: Bankers

Lenders believe that the neutral stance adopted by the RBI shows it's willingness to be accommodative with uncertainty over global growth.

published on : 2nd August 2018

RBI predicts retail inflation to rise to 5.1 per cent in March quarter of fiscal

The central bank has also projected inflation to be in the range of 5.1-5.6 per cent in the first half of 2018-19.

published on : 7th February 2018

Sensex down 69 points as RBI keeps repo rate unchanged at six per cent

The 30-share index, which had bounced over 470 points in the opening trade, was quoting 68.63 points, or 0.20 per cent lower at 34,127.31 soon after the RBI announced its sixth bi-monthly review.

published on : 7th February 2018