RBI keeps policy rate unchanged for 6th time in a row: Here is how Industry leaders reacted
This is the sixth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo. RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
Jun 04, 2021, 13:47 PM IST
Local lockdowns across the country, but RBI says no need for loan moratoriums at present
Amid an increase in localised lockdowns across the country, Reserve Bank Governor Shaktikanta Das on Wednesday said there is no need for a loan repayments moratorium at present, stating that businesses are better prepared to face the situation.
Apr 07, 2021, 16:38 PM IST
First RBI Monetary Policy after Union Budget 2021 today: Here's what to expect
Under the current dispensation, the RBI has been mandated by the government to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side. The inflation target has to be reviewed by end-March 2021.
The MPC kept the key benchmark rate unchanged in its last three reviews.
Feb 05, 2021, 08:24 AM IST
RBI keeps interest rate unchanged in its bi-Monthly Monetary policy December 2020: Here is how Industry leaders reacted
The benchmark repurchase (repo) rate has been left unchanged at 4 percent.
Dec 04, 2020, 17:15 PM IST
Know how much your EMI will be after RBI cuts interest rates!
This segment brings to you experts take after Reserve Bank of India (RBI) has cut repo rate to 6% from 6.25% and slashed reverse repo rate to 5.75% from 6%.
Aug 03, 2017, 19:26 PM IST
Bank, realty, auto stocks decline after RBI policy action
Kotak Mahindra Bank slipped 1.39 percent, Indusind Bank (0.90 percent), SBI (0.37 percent), ICICI Bank (0.20 percent), Federal Bank (0.13 percent) and HDFC Bank (0.04 percent) on BSE.
Aug 02, 2017, 17:45 PM IST
Breaking: RBI cuts Repo Rate to 6% from 6.25%; Reverse Repo Rate to 5.75% from 6%
Reserve Bank of India (RBI) on Wednesday in its bi-monthly monetary policy decided to keep policy stance neutral but cut repo rate to 6% from 6.25% and slashed reverse repo rate to 5.75% from 6%.
Aug 02, 2017, 17:32 PM IST
Rate cut on expected lines, 'good move' for economy: Parekh
Parekh further said that he agrees with the RBI's view that the implementation of the Goods and Services Tax (GST) was fairly smooth.
Aug 02, 2017, 17:25 PM IST
States' farm loan waivers may result in fiscal slippages: RBI
India's largest state by population Uttar Pradesh, along with Punjab, Maharashtra, and Karnataka are among the states that have announced loan waivers for farmers.
Aug 02, 2017, 17:10 PM IST
RBI aims to keep retail inflation near 4% on 'durable basis'
The RBI's Monetary Policy Committee (MPC) on Wednesday decided to reduce the repo rate -- at which it lends to banks -- by 0.25 percent to 6 percent.
Aug 02, 2017, 16:40 PM IST
RBI comfortable with repo rate vs CPI target rate: Deputy Governor
The difference now stands at 2 percent, after the RBI cut the repo rate by 25 basis points to 6 percent, above the central bank`s inflation target of 4 percent.
Aug 02, 2017, 16:20 PM IST
RBI rate cut important step for sustained growth: Finance Ministry
The government has taken note of the statement of the Monetary Policy Committee (MPC) and its assessment of the inflation and growth outlook, he added.
Aug 02, 2017, 16:13 PM IST
RBI becomes first central bank in Asia to cut rates this year
The most liquid 10-year bonds initially fell after the decision, but then rebounded to trade flat for the day, with the yield at 6.45 percent, up 1 bps from its Tuesday close.
Aug 02, 2017, 16:02 PM IST
Subdued inflation prompts RBI to reduce key lending rates
The decision to maintain the repo rate was taken by the six-member Monetary Policy Committee (MPC) headed by Patel. Four members of the panel voted in favour of reducing the key lending rate.
Aug 02, 2017, 15:34 PM IST
RBI Monetary Policy Review: Here are the key highlights
Here are the key highlights of the third Bi-monthly Monetary Policy Statement issued by RBI.
Aug 02, 2017, 15:21 PM IST
Sensex cold to RBI's 25 bps rate cut, down 129 points
In the wake of record low retail inflation, the monetary policy committee (MPC) headed by RBI Governor slashed policy repo rate by 25 basis points to 6 percent and reverse repo by a similar proportion to 5.75 percent.
Aug 02, 2017, 15:14 PM IST
RBI policy action no surprise for markets, indices slide
The decision to lower the benchmark rate by 25 bps to 6 percent was already factored in, traders said. They added that no change in cash reserve ratio (CRR) left the markets cold too.
Aug 02, 2017, 15:14 PM IST
Expert views: RBI cuts repo rate to more than 6-1/2 year low
Four members of the monetary policy committee voted to cut rates by 25 bps, while one voted for a 50 bps cut and one voted for leaving rates unchanged.
Aug 02, 2017, 15:05 PM IST
Expert views: RBI cuts repo rate to more than 6-1/2 year low
Four members of the monetary policy committee voted to cut rates by 25 bps, while one voted for a 50 bps cut and one voted for leaving rates unchanged.
Aug 02, 2017, 15:05 PM IST
RBI cuts key rate by 0.25%; to lower home, auto EMIs
In line with record low retail inflation, the RBI Governor headed Monetary Policy Committee (MPC) cut policy repo rate by 25 basis points to 6 percent and the reverse repo by similar proportion to 5.75 percent.
Aug 02, 2017, 14:52 PM IST
