RBI Projects GDP Growth At 6.5% For FY 2023-24, Inflation To Peg At 5.4% Due To Spike In Vegetable Prices
On inflation, the governor said the spike in vegetable prices, led by tomatoes, would exert sizeable upside pressures on the near-term headline inflation trajectory.
Aug 10, 2023, 11:22 AM IST
Indian Central-Bank Members Diverge On Further Rate Hikes As Growth Risks Emerge
The Reserve Bank of India (RBI) kept its key lending rate steady for a second straight meeting on June 8, as widely expected, but signalled monetary conditions will remain tight for some time as it looks to further curb inflationary pressures.
Jun 22, 2023, 23:27 PM IST
RBI MPC's Fight Against Inflation Not Yet Over: Governor At MPC Meeting
In his remarks at the MPC meeting, Das said the cumulative impact of monetary policy actions over the last year is still unfolding and needs to be monitored closely.
Apr 20, 2023, 21:31 PM IST
RBI Cuts India's Inflation To 5.2 % For FY 2023-24
Retail inflation has remained above the RBI's upper tolerance level of 6 per cent for two months and in February it was 6.44 per cent.
Apr 06, 2023, 11:29 AM IST
RBI Likely To Hike Benchmark Interest Rate By 25 bps On Apr 6
The Reserve Bank of India (RBI) has already increased the repo rate by a total of 250 basis points since May.
Apr 02, 2023, 18:53 PM IST
Inflation Expected To Come Down Over The Year: RBI MPC Member Ashima Goyal
"Inflation rates are expected to come down over the year," RBI MPC Member Ashima Goyal told PTI in a telephonic interview.
Mar 12, 2023, 13:06 PM IST
RBI MPC Meet Concludes Today - From Repo Rate Hike to GDP Projection; Here are 5 Key Takeaways
RBI is projecting Inflation in 2022-23 to stand at 6.5% and that will decrease further at 5.4 % in Q4 of this fiscal year.
Feb 08, 2023, 11:57 AM IST
RBI first time will submit report to Govt on failure to keep inflation below 6 per cent for 3 consecutive quarters
In case of failure to maintain the inflation target for three consecutive quarters, the central bank, under section 45ZN of the RBI Act, is required to submit a report to the government explaining the reasons and spelling out the remedial actions it would be taking to check the price rise.
Oct 30, 2022, 15:35 PM IST
RBI MPC Announcements: RBI raises FY23 inflation projection to 6.7%
RBI Governor Shaktikanta Das said that the Ukraine-Russia war has led to globalisation of inflation and is posing new challenges.
Jun 08, 2022, 14:17 PM IST
RBI allows credit card users to link RuPay cards with UPI platform: All you need to know
The RBI has now allowed customers to link their credit cards with UPI (unified payments interface).
Jun 08, 2022, 12:44 PM IST
RBI could increase rates in upcoming MPC meeting, say experts
The Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review.
Jun 05, 2022, 14:21 PM IST
RBI Monetary Policy Committee members express concerns over inflation at MPC meet
Das-headed Monetary Policy Committee (MPC) had unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time.
Apr 22, 2022, 21:11 PM IST
RBI likely to maintain status quo in policy rate next week, say experts
Experts, however, are of the opinion that RBI's monetary policy committee (MPC) may change the policy stance from 'accommodative' to 'neutral'.
Feb 06, 2022, 15:51 PM IST
RBI monetary policy committee to meet on August 4-6, likely to maintain status quo on interest rate
The RBI is scheduled to announce its bi-monthly monetary policy review on August 6 at the end of the three-day meeting -- August 4-6 -- of the Monetary Policy Committee (MPC).
Aug 01, 2021, 23:08 PM IST
Good news for homebuyers! Home loan interest rates to remain at all time low
The COVID pandemic has adversely affected the real estate sector in the last two months and for economic recovery, the RBI has maintained the repo rate unchanged at 4% and reverse repo rate at 3.35%.
Jun 05, 2021, 16:47 PM IST
Fuel prices to weigh on RBI's MPC 3-day meet from June 4
This is the first time that the Monetary Policy Committee will meet for three days due to "administrative exigencies".
May 29, 2018, 17:00 PM IST
RBI likely to cut rates in Dec 6 policy review: Report
The core Consumer Price Index (CPI) based inflation, adjusted for house rent allowance is moderating, and the HRA impact (post 7th Pay Commission), is largely "statistical", it said.
Oct 30, 2017, 13:28 PM IST
Govt expects RBI to cut rate amid slowdown
In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.
Oct 02, 2017, 12:03 PM IST
RBI may go for 0.25% rate cut in August: Report
The monetary policy committee of the Reserve Bank of India is expected to cut policy rates by 0.25 percent in August on weak growth and benign inflation, says a Bank of America Merrill Lynch (BofAML) report.
Apr 10, 2017, 12:49 PM IST
Govt appoints 3 members to interest-rate setting Monetary Policy Committee
The government on Thursday appointed three members to the interest-rate setting Monetary Policy Committee (MPC) for four years.
Sep 22, 2016, 13:12 PM IST
