Banks starts raising lending rates after RBI’s policy rate hike
Hike in lending rates by banks comes after the RBI, last week, raised repo rate by 25 bps points in its fight against inflation.
How to keep EMIs lower as banks hike interest rates
Experts suggest that if you have a surplus amount, make part prepayment of your home loan as it will save you a lot of money in the long run
Increasing repo rate will affect business, lament Tamil Nadu traders
The repo rate hike has resulted in increase in interest rate on home loans, auto loans, personal and gold loans, and the monthly EMI outgo will be much higher.
RBI wary of core inflation despite easing signals
The RBI’s inflation hawks are in no hurry to retreat. Markets expected the central bank to either take the foot off the rate hike pedal or change the policy stance to neutral.
Moderate rate hike gives leeway to make data-driven changes in monetary policy: RBI Governor
The RBI governor stopped short of making any forward-looking statement on the policy stance.
RBI raises repo rate by 25 bps, revises inflation and growth forecast
Excluding today’s hike, the central bank has raised repo rate by 225 bps since April 2022 in a bid to tame inflation, which has stayed above its comfort zone of 2-6 percent.
RBI likely to settle for 25 basis points repo rate hike: Experts
Inflation will likely moderate further in the next few months, leading to the end of the rate hiking cycle by the first half of 2023 and possible rate cuts in late-2023/early-2024.
Realty firms’ debt cost falls despite rate hike
“These included a reduction in repo rate, loan restructuring, stamp duty cuts, and a relief package to boost the economy.”
Market falls as RBI increases repo rate, cuts GDP growth forecast
The fall comes as RBI hinted that it would keep fighting high inflation rate and lowered its FY23 GDP growth forecast from 7per cent to 6.8 per cent.
RBI's policy on expected lines, signal softening of rate hike intensity: Experts
The Reserve Bank on Wednesday also lowered the country's GDP growth forecast to 6.8 per cent for the current fiscal from 7 per cent earlier.
Any more hike in rates could result in bad news for real estate sector
Anuj Puri, chairman of ANAROCK Group, says that the hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive rate hikes this year.
RBI hikes benchmark lending rate by 35 basis points to 6.25 per cent
This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
RBI may halt rate hike cycle after December policy: SBI
The bank believes the Monetary Policy Committee (MPC) of the RBI will increase the repo rate by 35 basis points on 7 December 2022 taking the repo rate to 6.25%.
Experts say Monetary Policy Committee may hike repo rate by 35 bps
The RBI has increased the Repo rate four times since May this year by 190 basis points.
Banks increase lending rates by 190 bps in tandem with RBI's repo rate hike
Further, banks have also increased their 1-year median marginal cost of funds-based lending rate (MCLR) by 85 bps from May to October 2022.
Banks hint at slower pace of deposit rate hike even as lending rates go up
These banks have said they have enough ‘space’ in terms of liquidity to continue for another quarter or two without worrying about raising funds via deposits at higher rates.
Home loan EMIs to go further up as RBI steps up its inflation fight
Raises repo rate by 0.5%; future hikes likely
Markets gain about 2 per cent despite repo rate hike
The BSE Sensex closed the session at 57,427, up 1,017 points or 1.8%, while the NSE Nifty50 closed at 17,094, up 276 points or 1.64%.
Housing sales to take a hit post rate hike
While SBI is offering home loans at 8.05-8.55%, HDFC Bank’s interest rates on same vary between 8.10% and 9.05%
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%.
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