The CEA said India is right now in a situation where the economy faces a considerable amount of challenges both from global macro monetary policies and political developments.
The interest rate hike may be worrisome for existing and potential home and car loan borrowers as their interest rate and subsequent EMIs (Equated Monthly Instalments) will rise
All the officials believed that the Fed should “expeditiously” raise its key rate to a level at which it neither stimulates nor restrains growth, which officials have said is a rate of about 2.4%. Some policymakers have...
The six-member Monetary Policy Committee (MPC) led by RBI Governor Shaktikanta Das unanimously decided to raise the repo rate in view of the inflationary pressures and higher supply shocks
There are speculations that the central bank may go for at least a 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle Monetary Policy Committee (MPC) meeting. Experts are...
The timing of the decision of the MPC, which has six members including Das, surprised markets even though a rate hike was expected in the wake of spiraling inflation.
Although the government is pulling out all the stops to bring it under control, it is a given that prices are decided by the supply and the demand for goods and services in an economy
Loan, deposit rates likely to rise to pre-pandemic level of 5.15 per cent, says SBI in its report; Russia-Ukraine War contributed to 59 per cent of the rise in inflation in India
Her comments come days after the MPC, the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle...
Banks have now started hiking deposit rates both for retail as well as HNI and institutional customers both on savings as well as fixed deposits. Read here to...
The increase in the repo by RBI will push up the cost for most of the personal loans, auto and home loans for customers as the new loans post-October 2019 are...
The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...
Surprising everyone, the RBI on Wednesday, hiked the repo rate by 40 basis points(bps). The new repo rate now stands at 4.40 per cent.
The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.
The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel -- Monetary Policy Committee (MPC).
The benchmark policy rate (repo) is hiked by 40 bps to 4.4 pc with immediate effect.
The Reserve Bank of India raised the key lending rate - repo rate - by 40 basis points to counter the rising inflation
This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate.
"Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing," he said in a LinkedIn post.
MPC unanimously decided to keep the borrowing costs unchanged at a record low for the 11th time in a row in a bid to continue supporting economic growth...
The repo rate stays at 4 per cent. So, banks will have more funds to offer to borrowers and interest rates on home loans will stay at the current low levels
At the interbank foreign exchange, the rupee opened at 74.90 against the American dollar, and later witnessed an intra-day high of 74.88 and a low of 75.05...
Housing demand increased by around 50 to 70 per cent during the last calendar year across 7-8 major cities on various factors such as low-interest rates on...
