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 the exercise of the options; and ensure proper communication of key information to borrowers. The framework that has been suggested is intended to give borrowers with variable rates of interest loans with a more apparent less unpredictable process for resetting interest rates. It would improve openness about interest rate computations and allow borrowers to transition from fluctuating to fixed rates, providing stability and security against future volatility. The unchanged repo rate will help maintain the momentum in housing sales - particularly in the mid and luxury segments, which did significantly well in H1 2023," said Anuj Puri, Chairman - ANAROCK Group.

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History of this topic

DC Edit | RBI still cautious, but cuts CRR
2 weeks, 3 days ago

DC Edit | RBI still cautious, but cuts CRR

Deccan Chronicle  

The RBI-led Monetary Policy Committee continued its cautious approach by keeping the repo rate unchanged for the 11th time. The central bank has also allowed small finance banks to extend credit lines through UPI, which typically target borrowers of small ticket size loans. Lower middle class, which is said to be badly hit by low wage growth, will benefit from …

Home loans may become more affordable and boost the real estate sector, experts say
2 weeks, 4 days ago

Home loans may become more affordable and boost the real estate sector, experts say

Hindustan Times  

The Reserve Bank of India's December 2024 monetary policy decision will make home loans cheaper and benefit India's real estate sector, according to several industry experts. The central bank's monetary policy committee decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time, but slashed the cash reserve ratio by 50 basis points, bringing it down to …

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief
2 weeks, 4 days ago

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief

India Today  

The Reserve Bank of India has decided to keep the key repo rate unchanged at 6.5% during its latest monetary policy review, held on Friday. MPC is committed to restoring inflation-growth balance in the interest of the economy.” IMPACT ON HOME LOANS The unchanged repo rate means that banks are unlikely to make any changes to their lending rates. Dr …

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 keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief
2 weeks, 4 days 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 …

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 …

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry
2 weeks, 4 days ago

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry

New Indian Express  

NEW DELHI: The real estate industry players and other stakeholders have largely welcomed the Reserve Bank of India's decision to maintain the repo rate at 6.5 per cent, adding that the stability in the policy rate will promote market confidence by giving developers and homeowners. On Friday, RBIs MPC decided to keep the repo rate unchanged at 6.5 per cent …

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 …

Rate cuts set to boost market confidence
2 months, 4 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 …

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector
4 months, 2 weeks ago

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector

Hindustan Times  

The Reserve Bank of India’s decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with the August 7 announcement on indexation benefits on sale of property. With interest rates staying steady, EMIs will remain manageable for current and potential homeowners, potentially leading to increased home sales particularly in the price-sensitive affordable segment, said real estate …

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 …

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 …

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 …

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 Policy review: Unchanged interest rates expected to have a stabilizing effect on the real estate sector, say experts
6 months, 2 weeks ago

RBI Policy review: Unchanged interest rates expected to have a stabilizing effect on the real estate sector, say experts

Hindustan Times  

As expected, the Reserve Bank of India left its key interest rates unchanged on June 7. Realtors said the decision to keep the repo rate unchanged in the latest monetary policy review is expected to have a stabilizing effect on the real estate sector. This, say real estate experts, augurs well for homebuyers and developers The Monetary Policy Committee, consisting …

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 …

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, …

MPC Meeting: Reserve Bank leaves interest rates unchanged
8 months, 2 weeks ago

MPC Meeting: Reserve Bank leaves interest rates unchanged

New Indian Express  

The Reserve Bank-led Monetary Policy Committee Friday left the policy rate or the repo rate unchanged at 6.5 percent for the seventh consecutive time, citing rising inflationary pressure in the economy led by spiralling food prices. Accordingly, the marginal standing facility at 6.75 percent and the standing deposit facility rate remain unchanged at 6.25 percent, governor Shaktikanta Das said announcing …

RBI Begins First MPC Of FY 24-25: High-level Discussions Starts Today, What To Expect?
8 months, 3 weeks ago

RBI Begins First MPC Of FY 24-25: High-level Discussions Starts Today, What To Expect?

News 18  

The Reserve Bank of India’s Monetary Policy Committee is currently meeting, from April 3rd to 5th, 2024. The repo rate acts as a key tool for the MPC to achieve its monetary policy goals, primarily maintaining price stability and promoting economic growth. Here’s what to expect according to industry experts; Shishir Baijal, chairman and managing director, Knight Frank India, feels …

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 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 …

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets
1 year ago

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets

ABP News  

The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. Overall, at the margin, policy seems to be positive for markets.” RBI Decision Helpful For Housing Market Another analyst, Anuj Puri, Chairman, Anarock Group, noted that the regulator opted to keep the rates …

‘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 …

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here
1 year, 2 months ago

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here

Live Mint  

Home loan interest rates have increased from around 6.5% to 8.5% in the last two years. At the time of interest rate change, the borrower to choose whether to increase EMI or loan tenor: Earlier, whenever the interest rates on home loans went up, banks increased the loan tenor. The framework will require the bank to inform the borrower at …

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 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 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 …

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance
1 year, 2 months ago

RBI Monetary Policy: Central bank likely to hold rates, maintain hawkish stance

India Today  

The Reserve Bank of India's Monetary Policy Committee is expected to maintain key interest rates in its upcoming decision but maintain focus on inflation amid rising global crude oil prices and sustained economic growth. In a survey of 71 economists conducted by news agency Reuters in late September, all but one anticipated that the RBI would keep its key repo …

High home loan rates hit affordability; Mumbai becomes unaffordable: Report
1 year, 4 months ago

High home loan rates hit affordability; Mumbai becomes unaffordable: Report

Live Mint  

The increase in interest rates on home loans has affected the affordability of residential properties across India between January-June this year, according to Knight Frank India. The index showed that higher home loan rates have reduced affordability across all markets so far in 2023. As per Knight Frank's report, the hike in repo rates by 250 basis points from May …

Borrowers can switch to fixed rate loans
1 year, 4 months ago

Borrowers can switch to fixed rate loans

Deccan Chronicle  

MUMBAI: The Reserve Bank of India on Thursday decided to keep the repo rate unchanged at 6.5 per cent for the third time in a row, giving some respite to home loan borrowers who have seen their EMIs rise considerably. The other good news is that the central bank announced to establish a framework for bringing in more transparency for …

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 …

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?
1 year, 4 months ago

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?

News 18  

RBI MPC Meeting August 2023: The RBI Governor-headed six-member Monetary Policy Committee’s meeting is scheduled on August 8-10. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. When the RBI repo rate increases, it becomes …

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 …

RBI policy: How will your home loan EMIs be affected by rate pause or hike?
1 year, 6 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, 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 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 …

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