The central bank hiked its repo rate by 40 basis points (bps) to 4.40 per cent following an emergency meeting earlier this month
The RBI increased the limit for keeping specified securities in the HTM portfolio from 22 per cent to 23 per cent
The central bank raised the repo rate by 40 basis points to 4.40% following a emergency meeting earlier this month.
The government's request could complicate the RBI's policy of withdrawing liquidity from the market, which marks a shift away from an ultra-loose monetary stance.
Another rate hike in June is on the cards. The question is: How much? Could it be 75 bps at one go or staggered over the next two meetings?
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Growth forecast was cut to 7.2 per cent, from 7.8 per cent for FY23. Both forecasts were made assuming crude oil prices at $100/bbl
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"You should look at this measure as when it gets tough, RBI stands alone now," a source said
How will RBI's rate hike impact the economy? Will pile-up at Shanghai port affect white goods supply? What will the markets react after RBI's rate hike? What is stock consolidation? Answers here
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out
The hike in repo rate by 40 basis points and a 50 bps hike in the CRR by the RBI took investors by surprise. With the RBI getting hawkish, here's what the road ahead looks like for the markets
Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India, said he expected repo hikes in June and August policy review meetings too
Consequently, lenders will revise their lending rates upwards, especially on loans, which are linked to an external benchmark
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The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
RBI announcement saw the markets tumble, with the S&P BSE Sensex slipping over 1,100 points in intraday deals to around 55,800 levels.
On Wednesday, 10-year government bond yields ended the day at 7.4 per cent, against Monday's closing of 7.1 per cent
The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters
The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.