April 09, 2022 7:11 am
The RBI also introduced a new measure, the Standing Deposit Facility — an additional tool for absorbing liquidity — to suck out surplus liquidity of Rs 8.5 lakh crore from the financial system which is fuelling inflation.
April 08, 2022 12:46 pm
The policy panel slashed the GDP growth to 7.2 per cent and hiked the inflation forecast at 5.7 per cent for the fiscal 2022-23. These are the key takeaways from the MPC meeting.
March 05, 2022 6:11 am
The Monetary Policy Committee (MPC) should do more to communicate its resolve to defend the inflation target, and its willingness to raise rates as and when required, said Jayanth Varma, Member of the MPC of the Reserve Bank of India (RBI).
February 08, 2022 4:52 pm
Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday.
October 09, 2021 2:12 am
Interest rates in the banking system are expected to remain steady as the Monetary Policy Committee (MPC) kept the repo rate unchanged at 4 per cent, reverse repo rate at 3.35 per cent, and the marginal standing facility (MSF) rate and bank rate at 4.25 per cent in the bi-monthly monetary policy review.
October 06, 2021 4:48 pm
Experts are of the view that the central bank will maintain the status quo on policy rates for the eighth time in a row. The policy repo rate or the short-term lending rate is currently at 4 per cent, and the reverse repo rate is 3.35 per cent.
October 06, 2021 1:11 pm
All 60 forecasters in a Reuters poll said they see no change in the repo rate on Oct. 8. and though price pressures have soared due to rising fuel prices the RBI is only expected to raise the repo rate in April-June 2022.
August 06, 2021 1:18 pm
RBI Monetary Policy 2021 announcements: The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent, while the reverse repo rate also was kept unchanged at 3.35 per cent. Here's what the Indian central bank chief announced on Friday.
August 05, 2021 5:39 pm
All 21 economists surveyed by Bloomberg as of Wednesday afternoon expect the MPC to leave the benchmark repurchase rate unchanged at 4% on Friday.
August 02, 2021 10:19 am
On June 4, with focus firmly on the revival of the Covid-hit economy, the MPC slashed its growth projection, kept the main policy interest rate — repo rate — unchanged at 4 per cent and unleashed a host of measures to support businesses and ensure they have access to liquidity. The MPC will announce the next monetary policy on August 6.
January 28, 2014 6:35 pm
Reserve Bank Governor Raghuram Rajan today said the 25 basis point repo rate hike will help rein in consumer price rise.
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