9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance
4 months, 2 weeks ago

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance

News 18  

RBI has kept the benchmark interest rate unchanged for the 9th time in a row at 6.5%. Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep the repo rate unchanged. RBI MPC Meeting LIVE Updates “Inflation and growth are evolving in a balanced manner, though we need to remain vigilant on the food prices front,” Das said. Retaining its unambiguous focus on inflation, the MPC, which consists of three RBI and three external members, kept the benchmark repurchase or repo rate unchanged at 6.50%. Adhil Shetty, CEO of Bankbazaar.com, said, “With inflation remaining above the RBI’s target levels and food prices still on the higher side, along with global uncertainty due to tensions in the Middle East, the MPC has kept the repo rate unchanged at 6.5% for the ninth consecutive time.” In the previous policy review in June 2024, the RBI had raised the FY25 GDP forecast to 7.2% from 7%, while maintaining the CPI inflation projection at 4.5% for FY25.

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History of this topic

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points
2 weeks, 4 days ago

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Friday announced several key decisions taken at the recent three-day meeting of the central bank's Monetary Policy Committee. Previously, the repo rate was changed in February 2023, when it was raised to the current 6.5% This was MPC's last meeting of the year and followed the one in October. Here are the …

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das
2 weeks, 4 days ago

RBI monetary policy: Repo rate to remain unchanged at 6.5%, says Shaktikanta Das

Firstpost  

RBI Governor Shaktikanta Das has announced that the Monetary Policy Committee has decided to keep the repo rate, the interest rate at which RBI lends to banks, unchanged at 6.5% The new monetary policy committee of the Reserve Bank of India, led by Governor Shaktikanta Das, will announce the policy interest rate today, which currently stands at 6.5 per cent.File …

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%
2 weeks, 4 days ago

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. In the last MPC meeting, held from October 7-9, the committee decided to keep the benchmark interest rate at 6.5 per cent, marking the tenth consecutive meeting with no change in rates. However, Nomura predicts a 25 basis point repo rate cut by the RBI in this Monetary …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
2 weeks, 4 days ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent
2 weeks, 4 days ago

RBI keeps repo rate unchanged for 11th time in a row at 6.5 per cent

India TV News  

Amid high inflation and weak GDP growth numbers, the Reserve Bank on Friday kept repo rate unchanged at 6.5 per cent with a majority decision of 4:2. Das announced, "The Monetary Policy Committee decided by a majority of 4:2 to keep the policy repo rate unchanged at 6.5%. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee started its …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
3 weeks, 3 days ago

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report

Hindustan Times  

HDFC Bank estimates that the central Reserve Bank of India would keep the repo rate steady at 6.5% in its final monetary policy committee meeting of the year, to be held next week, the country's largest private sector bank said in a report. RBI held its previous monetary policy committee meeting in October A rate cut is “very much possible” …

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
1 month, 1 week ago

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

ABP News  

Amid the festive season, there seems to be no relief on the horizon for your EMIs. However, experts believe that the RBI is unlikely to make such a move anytime soon, as domestic inflation remains a significant concern. Although the Federal Reserve's rate cuts could have a global impact, including easing financial conditions in India, the RBI is cautious due …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
4 months, 2 weeks ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time
4 months, 2 weeks ago

RBI keeps Repo rate unchanged at 6.5% for ninth consecutive time

Deccan Chronicle  

In a move reflecting its cautious approach amid ongoing economic uncertainties, the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5 per cent. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent. The central bank's commitment to bringing inflation down to its 4 per cent …

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained
4 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast for FY25 retained

Hindustan Times  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5% for the ninth time in a row, RBI Governor Shaktikanta Das announced on Thursday, August 8, 2024. "The Monetary Policy Committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. The RBI governor said that food prices are likely to …

Monetary Policy: RBI keeps repo rate unchanged for 9th time in a row at 6.5 pc
4 months, 2 weeks ago

Monetary Policy: RBI keeps repo rate unchanged for 9th time in a row at 6.5 pc

India TV News  

The Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%, ensuring no immediate impact on loan EMIs. The Reserve Bank of India announced on Thursday that the Monetary Policy Committee has decided to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility rate remains at 6.25%, and the marginal standing facility …

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: Top announcements by Shaktikanta Das

Hindustan Times  

Reserve Bank of India Governor Shaktikanta Das said that Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. The MPC decided to keep the repo rate steady by a majority decision, RBI Governor said. Reserve Bank of India Governor Shaktikanta Das …

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers

Live Mint  

RBI keeps repo rate unchanged at 6.5%: The Reserve Bank of India's decision to retain the repo rate at 6.5% for the eighth consecutive time ensures economic stability amid global uncertainty and domestic inflation concerns. {{^adFree}} {{/adFree}} "This stability supports the real estate market, making housing more affordable and boosting consumer confidence. With GDP growth projected at 7% in FY25 …

Markets hold on to early gains after RBI monetary policy decision
6 months, 2 weeks ago

Markets hold on to early gains after RBI monetary policy decision

New Indian Express  

MUMBAI: Benchmark equity indices jumped in late morning trade on Friday, extending their rally to the third straight session, after the RBI decided to keep the policy rate unchanged for the eighth time in a row, in line with market expectations. In the past two days, the BSE benchmark surged 2,995.46 points or 4.15 per cent after Tuesday's massive rout. …

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
8 months, 2 weeks ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

RBI repo rate decision: What will be impact on home loan EMIs
8 months, 2 weeks ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time
8 months, 2 weeks ago

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time

India TV News  

In the latest update from the Reserve Bank of India, the Monetary Policy Committee has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee’s majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. Economic …

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk
10 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk

Hindustan Times  

The Reserve Bank of India on Thursday kept its benchmark repo rate unchanged at 6.5% for the sixth straight time, staying focused on anchoring inflation and boosting growth. “Uncertainty in food prices continues to impinge on headline inflation,” RBI governor Shaktikanta Das said at a briefing in Mumbai. A hike makes borrowing expensive for businesses, limiting money supply and cooling …

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%
10 months, 2 weeks ago

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

Hindustan Times  

The real estate sector has welcomed the Reserve Bank of India’s decision to keep the repo rates unchanged at 6.5%, saying given that housing prices have risen across most cities in the last one year, this breather by the apex bank gives a distinct advantage to homebuyers as it allows them to continue enjoying low interest rates and improves their …

RBI keeps repo rate unchanged at 6.5%
10 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%

Deccan Chronicle  

The Monetary Policy Committee of the Reserve Bank of India in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.The repo rate is the rate of interest at which RBI lends to other banks.Deliberating the policy statement on Friday morning after a three-day …

RBI policy: Central bank keeps repo unchanged at 6.5 per cent for sixth straight time
10 months, 2 weeks ago

RBI policy: Central bank keeps repo unchanged at 6.5 per cent for sixth straight time

Hindustan Times  

The Reserve Bank of India on Thursday kept repo rate unchanged at 6.5 percent in its Monetary Policy Committee meeting on February 8. In its last Monetary Policy Committee meeting on December 8, the central bank had kept the repo rate unchanged for the fifth time in a row. Governor Shaktikanta Das had raised the growth projection to 7 per …

Market falls sharply after RBI keeps repo rates unchanged for the sixth time
10 months, 2 weeks ago

Market falls sharply after RBI keeps repo rates unchanged for the sixth time

New Indian Express  

MUMBAI: India’s equity market fell sharply on Thursday morning after the Reserve Bank of India's monetary policy decision, where it kept the repo rate unchanged for a sixth consecutive time. The RBI Governor Shaktikanta Das-led six-member Monetary Policy Committee maintained the repo rate at 6.5%. “For the financial markets, particularly the bond and equity markets, the unchanged interest rates signal …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer
1 year, 2 months ago

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer

News 18  

The inflation genie is not back in the bottle yet, with sub-optimal Kharif sowing in pulses and oilseeds expected to lead to an increase in dal and cooking oil prices going forward. Such weighty inflation considerations could have pushed the Reserve Bank of India to raise lending rates in its bi-monthly monetary policy review, which concluded on Friday morning. Anuj …

RBI MPC Decisions: Here's What India's Middle Class Needs To Know
1 year, 2 months ago

RBI MPC Decisions: Here's What India's Middle Class Needs To Know

News 18  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. According to him, the growth …

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?
1 year, 2 months ago

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?

News 18  

RBI MPC Meeting October 2023: Reserve Bank of India on Friday kept the report rate unchanged as was expected from many quarters of the industry. Announcing the decision, RBI Governor Shaktikanta Das said that the monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent unanimously. Overall, we believe that this momentum is projected to persist …

RBI monetary policy review meeting commences, another pause in repo rate likely
1 year, 2 months ago

RBI monetary policy review meeting commences, another pause in repo rate likely

Deccan Chronicle  

Mumbai: The three-day bi-monthly monetary policy committee meeting of the RBI started on Wednesday with financial market participants set to closely monitor the outcome and the policy stance of the central bank. "Domestically, we believe at 6.50 per cent, we are in for a prolonged pause as seasonality of inflation is tapering first.," SBI Research report, authored by Soumya Kanti …

How RBI policy outcome will impact home loan borrowers explained
1 year, 4 months ago

How RBI policy outcome will impact home loan borrowers explained

Live Mint  

The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. The framework will require Regulated Entities to clearly communicate with borrowers for resetting the tenor and/or EMI; provide options for switching to fixed-rate loans or foreclosure of loans; disclose various charges incidental to …

RBI maintains pause for third time in a row, keeps repo rate unchanged at 6.5%
1 year, 4 months ago

RBI maintains pause for third time in a row, keeps repo rate unchanged at 6.5%

Firstpost  

Reserve Bank of India Governor Shaktikanta Das on Thursday said that Monetary Policy Committee has unanimously decided to keep the repo rate unchanged at 6.5 per cent Reserve Bank of India Governor Shaktikanta Das on Thursday said that Monetary Policy Committee has unanimously decided to keep the repo rate unchanged at 6.5 per cent. #WATCH | RBI Governor Shaktikanta Das …

RBI MPC Meeting: Here are key takeaways from RBI policy decision
1 year, 4 months ago

RBI MPC Meeting: Here are key takeaways from RBI policy decision

Live Mint  

On expected lines, the Reserve Bank of India chose to keep policy rates and stance unchanged on Thursday despite the recent spike in food inflation and a rate hike by the US Fed in July. Shaktikanta Das led the monetary policy committee unanimously decided to keep the repo rate unchanged at 6.50 per cent for the third straight meeting in …

RBI keeps repo rate unchanged in third straight policy meet
1 year, 4 months ago

RBI keeps repo rate unchanged in third straight policy meet

Deccan Chronicle  

Mumbai: The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. RBI Governor Shaktikanta Das on Thursday at a press conference said, "Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50%" RBI typically conducts six bi-monthly …

RBI Holds Interest Rate Hike Again; Home Buyers Set To Get Relief
1 year, 6 months ago

RBI Holds Interest Rate Hike Again; Home Buyers Set To Get Relief

News 18  

RBI MPC June 2023: The Reserve Bank of India on Thursday again hit the pause button and decided to keep the key benchmark policy rate at 6.5%. The RBI MPC was expected by many to keep its benchmark repo rates unchanged in the backdrop of the prevalent scenario marked by continuing volatility in global commodity prices, financial markets and supply …

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts
1 year, 6 months ago

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts

Hindustan Times  

The Reserve Bank of India will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. After the last MPC meeting in April, the RBI paused its rate hike cycle and …

RBI Likely To Maintain Pause On Interest Rate As Inflation Moves Southwards: Experts
1 year, 6 months ago

RBI Likely To Maintain Pause On Interest Rate As Inflation Moves Southwards: Experts

News 18  

The Reserve Bank of India will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. After the last MPC meeting in April, the RBI paused its rate hike cycle and …

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report
1 year, 6 months ago

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report

News 18  

The Reserve Bank of India will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists found. Despite hitting an 18-month low of 4.70% in April, inflation was not expected to …

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics
1 year, 6 months ago

RBI May Reduce Policy Rate In Fourth Quarter Of 2024: Oxford Economics

News 18  

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner. It further said inflation has already begun easing, and consumer inflation expectations are falling, …

RBI to keep interest rates unchanged through year-end: Poll
1 year, 8 months ago

RBI to keep interest rates unchanged through year-end: Poll

Hindustan Times  

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Reserve Bank of India Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged …

DC Edit | Sweet relief for borrowers
1 year, 8 months ago

DC Edit | Sweet relief for borrowers

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee sprang a surprise on people by pausing the expected repo rate hike. The MPC had increased the repo rate — the interest rate that RBI charges to lend money to banks — by 250 basis points in six sessions over the last one year — which increased the rate from four per …

Don’t hit pause in the battle to contain inflation
1 year, 8 months ago

Don’t hit pause in the battle to contain inflation

Hindustan Times  

On April 6, the Reserve Bank of India announced its first monetary policy decision of the financial year 2023-24. Back in February, when MPC raised the repo rate by 25 basis points, the latest data showed that headline inflation had moderated to 5.7%, whereas going into the latest meeting headline, consumer price index inflation had gone up to 6.4% in …

RBI Monetary Policy: It's Just A Pause, Not A Pivot, Says Governor Shaktikanta Das
1 year, 8 months ago

RBI Monetary Policy: It's Just A Pause, Not A Pivot, Says Governor Shaktikanta Das

ABP News  

The Reserve Bank of India’s Monetary Policy Committee, headed by Governor Shaktikanta Das, on Thursday announced to keep policy rate unchanged at 6.5 per cent. The MPC unanimously decided to keep policy repo rate unchanged at 6.5 per cent. During the the customary interaction with reporters after the announcement of the policy review the governor said, "If I have to …

RBI keeps repo rate unchanged at 6.5 per cent
1 year, 8 months ago

RBI keeps repo rate unchanged at 6.5 per cent

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level. Retail inflation in February stood at 6.44 per cent compared to 6.52 per cent in the previous month. Many institutions, including the World Bank and Asian Development …

RBI keeps repo rate unchanged at 6.5%
1 year, 8 months ago

RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India, based on the macroeconomic situation and its outlook, decided unanimously on Thursday to keep the policy repo rate unchanged at 6.5% with readiness to act, should the situation so warrant. Explaining the MPC’s rationale for these decisions on the policy rate and the stance, Governor Shaktikanta Das in his monetary …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 8 months ago

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know

Live Mint  

Recently, there has been a massive impact in the home loan Easy Monthly Instalments due to interest rate changes in India. Proportion of interest servicing and principal repayment depends on various factors such as tenure of loan, rate of interest, part payments and number of EMI’s already paid. What it means is that the initially planned EMI of ₹ 62,551 …

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll
1 year, 8 months ago

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll

Live Mint  

A recent Reuters poll of economists predicts that the Reserve Bank of India will increase its primary interest rate by 25 basis points on April 6, but then keep rates unchanged for the remainder of the year while continuing to maintain its tightening stance. The poll suggests that persistently high inflation in India, which exceeded the RBI's upper tolerance limit …

‘RBI’s decision to hike repo rate will affect trade and industry’
1 year, 10 months ago

‘RBI’s decision to hike repo rate will affect trade and industry’

The Hindu  

Reserve Bank of India’s decision to increase the Repo rate by 0.25 % from 6.25 % to 6.50% would affect trade and industry, especially micro, small and medium enterprises and industrial investments, said Tamil Nadu Chamber of Commerce and Industry. In a press release, its president N. Jegatheesan said that the trade and industrial sector was shocked that the repo …

RBI hikes repo rate. How will this impact your loan EMIs?
1 year, 10 months ago

RBI hikes repo rate. How will this impact your loan EMIs?

Hindustan Times  

In its first Monetary Policy statement of 2023, the Reserve Bank of India on Wednesday hiked the policy repo rate by 25 basis points to 6.5%. This was the sixth straight hike to the repo rate, which, in December last year, was raised by 35 basis points to 6.25%. The decision to raise the repo rate was approved by a …

Reserve Bank of India raises repo rate by 25 basis points to 6.5%
1 year, 10 months ago

Reserve Bank of India raises repo rate by 25 basis points to 6.5%

Live Mint  

The Reserve Bank of India's key repo rate was raised by 25 basis points on Wednesday as widely expected, the sixth straight increase, as core inflation remained high despite signs retail inflation has peaked. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee by a majority decided to raise the policy repo rate by 25 …

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 10 months ago

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts

News 18  

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %. Ratan Chaudhary, Head, Home Loans, Paisabazaar, said, “Existing home loan borrowers can either opt for the EMI increase or tenure increase option, with the consent of the lender, as …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 10 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

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