How does RBI’s no-rate change policy affect your personal finance?
1 year, 8 months ago

How does RBI’s no-rate change policy affect your personal finance?

Live Mint  

In FY2024, the regulator held its first bi-monthly RBI monetary policy committee on 6th April 2023 and decided to remain unchanged with repo rates which stood at 6.50 percent. If interest rates remain the same, the cost of borrowing money from banks and other lenders will not change, which means that if you have taken a loan with fixed interest rates, you will not see any changes to their monthly installments and loan tenure. Stable markets Another way that no change in interest rates can affect us is through the stock market. Increase inflation further However, it's important to note that there may also be some negative effects of no change in interest rates. Low savings If inflation pushes further, and interest rates are also reducing, you might be left with less money than before since interest rates on fixed income securities also give lower returns, which could be a probable side effect of no change in interest rates by RBI.

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RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

Personal Loan: 5 macroeconomic factors that affect your interest rates
2 weeks, 4 days ago

Personal Loan: 5 macroeconomic factors that affect your interest rates

Live Mint  

Before getting a personal loan, various factors such as credit history, banks, income, and employment type, among many other factors, may determine interest on your loan. However, there are certain factors beyond the control of a borrower and a lender that may have an impact on personal loan interest rates. The central bank will adjust the interest rates accordingly, which …

RBI Monetary Policy Meet underway: Key things to watch out for
1 year ago

RBI Monetary Policy Meet underway: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the financial year 2023-24 on Friday, December 8, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and growth in gross domestic product. The review by the six-member Monetary Policy Committee led by Das will …

RBI Policy meet: Key things to watch out for
1 year, 2 months ago

RBI Policy meet: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fourth monetary policy of the financial year 2023-24 on Friday, October 6, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and the growth in gross domestic product. Economists expect RBI to hold rates steady According to majority of …

RBI may continue to hold rate amid concern over inflation: Experts
1 year, 4 months ago

RBI may continue to hold rate amid concern over inflation: Experts

India TV News  

The Reserve Bank of India is likely to continue with the pause on the key interest rate at its upcoming monetary policy review, as concerns on the inflation front and keeping the borrowing cost stable to maintain the economic growth momentum persist, said experts. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping …

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