Time after time: The Hindu Editorial on RBI repo rate cut
4 years, 7 months ago

Time after time: The Hindu Editorial on RBI repo rate cut

The Hindu  

The RBI has once again stepped up to the plate at the right time with measures that will reduce the cost of capital and ease the financial burden on businesses due to the extended lockdown. With Friday’s repo rate cut of 40 basis points, the RBI has shaved off 1.15 percentage points from the rate chart in the 58 days since the lockdown began, bringing the repo rate down to 4% and the reverse repo rate to 3.35%. With this, it does appear that the central bank may have played out its rate cut card for now as prudence would dictate that it reserves some leverage for the future if economic conditions deteriorate even further. The RBI has also shown empathy by allowing accumulated interest on working capital loans to be converted into a term loan repayable by the end of this fiscal. The RBI could have put off accumulated interest repayment by one year; it might well find itself in a situation where it is forced to offer another extension in the next few months.

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History of this topic

Fed's rate cuts and hawkish outlook: Implications for Indian markets
2 weeks, 2 days ago

Fed's rate cuts and hawkish outlook: Implications for Indian markets

Live Mint  

The US Federal Reserve's decision to cut interest rates by 25 basis points in its December 2024 policy meeting has raised questions about how this move might influence India’s monetary policy and asset classes. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly …

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
2 weeks, 5 days ago

RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm

Live Mint  

Mumbai, Dec 22 The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. At his last policy announcement, Das said that the growth-inflation dynamic …

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February
4 weeks ago

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February

Live Mint  

India’s retail inflation in November aligned with market expectations and remained within the Reserve Bank of India’s tolerance band. Analysts anticipate that the RBI could initiate a shallow rate-cut cycle in its February 2025 policy meeting, provided inflation continues to decline. Hitesh Suvarna of JM Financial anticipates that the next step in RBI’s policy action will involve a rate cut, …

RBI cuts banks’ reserve requirements, a precursor to policy rate easing
1 month ago

RBI cuts banks’ reserve requirements, a precursor to policy rate easing

Live Mint  

We have been talking about the Reserve Bank of India easing interest rates for quite some time. In the previous policy review on 9 October, the RBI changed its stance on interest rates from “withdrawal of accommodation" to neutral. Before the 9 October review meeting, the RBI had projected CPI inflation at 4.5% in FY25. At the previous meeting on …

Prudence wins the day: RBI didn’t go in for a knee-jerk rate cut
1 month ago

Prudence wins the day: RBI didn’t go in for a knee-jerk rate cut

Live Mint  

There’s something about the Reserve Bank of India’s Monetary Policy Committee meetings that makes these the cynosure of all eyes. Or the fact that it was the first after the government waded into RBI’s territory with first commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman making public statements on the need to cut policy rates. But …

RBI MPC Dec 2024: Repo Rate Remains Unchanged, CRR Slashed; Here's What The Experts Have To Say
1 month ago

RBI MPC Dec 2024: Repo Rate Remains Unchanged, CRR Slashed; Here's What The Experts Have To Say

ABP News  

The Reserve Bank of India’s Monetary Policy Committee on Friday kept the status quo on key interest rates and decided to keep the repo rate unchanged at 6.5 per cent. Kaushal Agarwal, co-founder and director, The Guardians Real Estate Advisory noted, “The RBI's decision to keep the repo rate unchanged and lower the CRR shows strategic efforts to balance more …

Pivot wait: RBI's monetary policy points to a rate cut in February
1 month ago

Pivot wait: RBI's monetary policy points to a rate cut in February

Live Mint  

The speech made by Reserve Bank of India Governor Shaktikanta Das on Friday started by reminding the audience that the mandate of the Monetary Policy Committee is to target inflation and ensure that it remains within the specified limits. But it is not surprising that this time, two of the MPC members voted for a rate cut, which means that …

RBI MPC meeting: Repo rate unchanged. What are other key takeaways? 10 points
1 month 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 keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief
1 month ago

RBI keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief

Hindustan Times  

The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures means stable EMIs for homebuyers amidst rising housing prices. RBI Monetary Policy: The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures …

Changes to India’s repo rate since June 2000
1 month ago

Changes to India’s repo rate since June 2000

Live Mint  

MUMBAI - The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but cut the cash reserve ratio that banks …

RBI Policy Outcome: RBI cuts cash reserve ratio by 50 bps to 4%
1 month ago

RBI Policy Outcome: RBI cuts cash reserve ratio by 50 bps to 4%

Live Mint  

RBI Monetary Policy: The Reserve Bank of India on Friday, December 6 as part of its policy decision decided to cut the cash reserve ratio by 50 basis points to 4%. This move is likely to ease liquidity conditions The cash reserve ratio is the percentage of deposits that banks are required to hold as cash. CRR cut of 50 …

RBI keeps repo rate at 6.5% for 11th time in a row
1 month ago

RBI keeps repo rate at 6.5% for 11th time in a row

Hindustan Times  

The Monetary Policy Committee of the Reserve Bank of India has decided to keep the repo rate unchanged at 6.5%, RBI Governor Shatikanta Das announced on Friday. Further, Das notified that the central bank's projection of India's Gross Domestic Product growth for the ongoing financial year now stood at 6.6%, down from the earlier estimate of 7.2%. Das said, “Growth …

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%
1 month 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 MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
1 month ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
1 month 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 MPC: CRR cut, dovish signals in offing
1 month ago

RBI MPC: CRR cut, dovish signals in offing

Deccan Chronicle  

The Reserve Bank of India -led Monetary Policy Committee meeting is taking place against the backdrop of a marked slowdown in India’s growth momentum and inflation breaching the central bank’s tolerance threshold. While economists expect the MPC to hold rates on Friday and continue to strive to bring inflation down to the 4 per cent target, they expect the RBI …

RBI MPC Meeting: Nomura Predicts Surprise 25 Basis Point Rate Cut By Central Bank
1 month ago

RBI MPC Meeting: Nomura Predicts Surprise 25 Basis Point Rate Cut By Central Bank

ABP News  

Nomura forecasts a 25 basis point repo rate cut by the Reserve Bank of India in its upcoming Monetary Policy Committee meeting on December 6, according to its latest report. The brokerage also anticipates 100 basis points in rate cuts by mid-2025, bringing the repo rate to 5.50 per cent. Although consumer price inflation surged to 6.2 per cent in …

RBI Policy: MPC meeting begins today; will the central bank cut the repo rate? Experts weigh in
1 month ago

RBI Policy: MPC meeting begins today; will the central bank cut the repo rate? Experts weigh in

Live Mint  

Against the backdrop of sticky inflation and slowing growth, the Monetary Policy Committee of the Reserve Bank of India has begun its three-day meeting on Wednesday, December 4, to decide on interest rates and its policy stance. The pivot to a neutral stance in October does provide the space to take more growth-supportive actions, and this could come in the …

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate
1 month, 1 week ago

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate

New Indian Express  

The Reserve Bank’s rate-setting panel, the Monetary Policy Committee, begins its meeting here on Wednesday amidst a series of negative macroeconomic data surprises, with the 5.4 percent GDP growth in the second quarter being the worst. This has led many Mint Road observers and bankers to expect the monetary policy announcement on December 6 to include growth-boosting measures, such as …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
1 month, 1 week 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, 4 weeks 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 MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable
3 months ago

RBI MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable

ABP News  

The Reserve Bank of India has decided to maintain the repo rate at 6.5 per cent. After assessing the evolving macroeconomic and financial conditions and the outlook, the MPC decided by a majority of 5 out of 6 members to keep the policy repo rate unchanged at 6.50 per cent. Until then, EMIs will remain at current levels.” “The committee …

Rate cuts set to boost market confidence
3 months, 2 weeks ago

Rate cuts set to boost market confidence

China Daily  

China's top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that the …

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

RBI repo rate decision: What will be impact on home loan EMIs
9 months 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, …

No RBI rate cuts before Q3FY25, says Kotak Institutional Equities
10 months, 3 weeks ago

No RBI rate cuts before Q3FY25, says Kotak Institutional Equities

Live Mint  

Even though the inflation trajectory has begun softening, brokerage house Kotak Institutional Equities expects the first repo rate cut to only be in the third quarter of the next financial year, FY25. Read here: RBI Policy: Governor Das unlikely to precede Fed in policy reversal; expect rate cut only in H2, say Economists The Reserve Bank of India’s Monetary Policy …

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

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

Higher for longer? What's that, asks the Fed
1 year ago

Higher for longer? What's that, asks the Fed

Live Mint  

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. Given repeated supply shocks and stimulus-induced demand growth, the central banks also feared that inflation would …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year, 1 month 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, 3 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 …

How RBI policy outcome will impact home loan borrowers explained
1 year, 5 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 keeps repo rate unchanged in third straight policy meet
1 year, 5 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, 7 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 …

RBI policy: How will your home loan EMIs be affected by rate pause or hike?
1 year, 7 months ago

RBI policy: How will your home loan EMIs be affected by rate pause or hike?

Live Mint  

Limelight is once again back at RBI who is set to declare the second bi-monthly monetary policy decision of FY24 on June 8th. Either way, a hike or a pause, RBI's repo rate action will have an impact on your home loan EMIs. Read here: RBI Policy: MPC to begin bi-monthly monetary policy meeting today; repo rate decision on June …

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts
1 year, 7 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, 7 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, 7 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 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, 9 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 …

RBI repo rate pause brings relief to home buyers, real estate sector
1 year, 9 months ago

RBI repo rate pause brings relief to home buyers, real estate sector

Hindustan Times  

Mumbai: After six consecutive hikes, the Reserve Bank of India’s decision on Thursday to keep the repo rate of 6.50 per cent unchanged came as a huge relief to the real estate industry as well as home buyers paying back home loans. I am trying to sell my flat, but with the rising interest rates, buyers seem to be delaying …

A pragmatic move by RBI
1 year, 9 months ago

A pragmatic move by RBI

Hindustan Times  

Is it a pause? The consensus view among analysts is that this could well mark the end of the current rate tightening cycle — it is entirely possible that this view is driven more by hope than reality; RBI governor Shaktikanta Das stressed that the pause was “this meeting only” — and that MPC could start cutting rates from April …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 9 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’s decision to hike repo rate will affect trade and industry’
1 year, 11 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, 11 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 …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 11 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 …

RBI may take repo rate to 6.75% in 2023
2 years ago

RBI may take repo rate to 6.75% in 2023

Live Mint  

The Reserve Bank of India may hike the policy repo rate to 6.75% by next year due to core inflation still being elevated and the US Federal Reserve maintaining a hawkish stance with an outlook for further rate hikes. This means, there is room for at least another 50 bps hike in India's policy repo rate going forward. He added, …

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins
2 years ago

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins

Live Mint  

RBI's minutes of the meeting have been released on Wednesday for December 2022 monetary policy. Need for monetary policy tightening: As per MPC member Dr. Shashanka Bhide, with overall domestic growth showing signs of resilience, the adverse global macroeconomic conditions require that the domestic inflation rate is at moderate levels, within the tolerance band of the inflation target on a …

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
2 years, 1 month ago

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs

Firstpost  

If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent In order to contain inflation, the Reserve Bank of India has been hiking the repo rate since May. The latest rise in repo rate will cause higher Equated Monthly Installments …

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