Repo rate

More banks raise MCLR as cost of deposits go up

The MPC next meets on June 6-8 where financial market analysts broadly expect rates to be raised by 35/40-75 bps.

published on : 19th May 2022

Repo rate likely to reach pre-Covid level by August

Repo rate is likely to reach pre-pandemic level of 5.15% from the existing 4.4% by August, says a SBI report. 

published on : 17th May 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

Inflation worries: As repo rates go up, review your finances

While addressing shareholders recently, Warren Buffett, the 91-year old CEO of Berkshire Hathaway, gave a solution to beat inflation.

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

Character of inflation in India different from other countries: RBI Governor

The MPC was, however, mindful of risk of the hardening of crude oil prices, which the RBI sees as a major upside risk to the inflation outlook.  

published on : 10th February 2022

RBI policy more dovish than expected; Repo rate unchanged at 4 per cent

Repo was unchanged at 4 per cent and reverse repo at 3.35 per cent. Real GDP growth has been forecast at 7.8 per cent for FY23 versus The Economic Survey 's  8-8.5 per cent.

published on : 10th February 2022

RBI keeps repo rate unchanged for 10th time in a row at 4 per cent

'Pandemic hold global economy hostage. India charting different course of recovery than rest of the world; to be fastest growing economy,' said Governor Shaktikanta Das.

published on : 10th February 2022

Markets price in 20-25 bps reverse repo hike

The Feb 24 expiry Bank Nifty contract’s open positions declined by almost 6% as the contract rose 1.55%, a clear sign of short covering.

published on : 10th February 2022

Reverse repo rate likely to see 25 bps hike: Experts

SBI group chief economist Soumya Kanti Ghosh also believes the time is “appropriate” for a 20 bps hike in reverse repo, but feels that could happen outside the MPC.

published on : 8th February 2022

Gold bonds catch investor fancy amid Covid

The SGBs offer an interest rate of 2.5% per annum on the amount of initial Investment, payable semi-annually.

published on : 7th February 2022

RBI may hike reverse repo rate by 0.25 per cent in next week's policy: Report

Analysts also blame the surprising hike on the government borrowing announced in the budget for the RBI's likely call for policy normalisation.

published on : 3rd February 2022

Private banks led PSU peers in cutting rates in Apr-Nov '21

However, in the overall easing cycle (Feb 2019 -Nov 2021), PSU banks have outperformed their private-sector peers in monetary policy transmission to individuals and businesses. 

published on : 31st January 2022
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