Page 13 - Latest Updates on RBI trims repo rate to 6%

Secure your payment: RBI launches name verification for NEFT, RTGS transfer

By entering the recipient's account number and IFSC code, senders can confirm the name of the account holder.

RBI holds repo rate, adopts neutral stance, opens door for rate cut

If we see higher inflation in September-October and 7% GDP growth in September quarter, will the RBI go for a rate cut in December? Or, will that be pushed to February?

Growth at any cost approach of some NBFCs poses risks: RBI Governor

Regulator closely monitoring situation and will not hesitate to take appropriate action, he says

RBI's shift to neutral stance suggests rate cut likely in December

Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions

Unambiguous commitment: MPC wants the disinflation process to be completed

Monetary policy committee's shift offers flexibility but no signal of rate cuts; RBI Governor highlights inflation and stability as key priorities

Greater confidence that inflation moderating in Q3...but risks remain: Das

We have to be very careful because there is every chance that inflation will simply bolt again, says Das

RBI proposes beneficiary name verification for RTGS and NEFT transactions

Payment Systems like UPI and IMPS provide a facility to the remitter to verify the name of the receiver before initiating a payment transaction

3 independent MLAs back BJP in Haryana, MPC meeting, Hyundai Motor IPO

Three independent MLAs including Savitri Jindal have backed the BJP, a day after the party's historic win for the third time in the Haryana Assembly elections.

RBI MPC meet: Repo rate unchanged at 6.5%

The Monetary Policy Committee of the Reserve Bank of India on Wednesday has kept the repo rate unchanged at 6.5 per cent for the tenth consecutive meeting, with a majority vote of 5-1.

Market Close Highlights, Oct 9: Sensex sheds 167pts, Nifty nears 25k; RBI MPC holds rates at 6.5%

Stock Market Today: GIFT Nifty futures indicated a slightly positive bias for markets at open today.

RBI misses chance to up housing demand by keeping repo rate steady: Credai

Realtors' apex body Credai on Wednesday said the RBI should have cut key interest rates to boost housing demand during the current festive season and demanded that the apex bank must consider lowering the repo rate in the next meeting. The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to 'neutral'. Credai National President Boman Irani said, "As RBI remains cautious regarding potential inflationary pressures, the central bank's decision to keep the repo rate unchanged at 6.5 per cent - albeit with a revised neutral stance - seems somewhat like a missed opportunity, especially with the festive season around the corner". A rate cut at this juncture would have provided the ideal boost to accelerate consumer demand across industries, he added. Irani expects the central bank to cut rates in the next quarter. Realtors' body Naredco President G Hari Babu suggested t

RBI eases its hawkish stance, index addition to extend market bond rally

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

RBI MPC highlights: Inflation expected to remain elevated during September, October, says Das

RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here

Analysts View: How will RBI repo rate hold, stance change affect markets?

RBI meeting: RBI maintains status quo on repo rate but changes stance to 'Neutral'; what does it mean for the markets? Experts decode

RBI MPC: Short-term inflation risk remains in focus, says Shaktikanta Das

In a press statement after the RBI's Monetary Policy announcement, RBI Governor Shaktikanta Das said the inflation worries have eased but there is a need for greater vigilance

RBI ups UPI Lite limit for smooth payment transactions: Check revised caps

During the RBI MPC announcement, Shaktikanta Das announced increased UPI transaction limits for UPI123Pay and UPI Lite wallet, a move aimed at boosting UPI adoption

As RBI takes a 'neutral' stance, what do its monetary policy stances mean?

The Reserve Bank of India, in its 51st Monetary Policy meeting, announced a shift of stance from withdrawal of accommodation to 'neutral', signalling an upcoming interest rate change

RBI policy: Lock in FDs now as interest rates expected to decline soon

Currently, investors can benefit from elevated FD rates, which provide a safe haven for their savings amidst uncertain economic conditions.

RBI policy: MPC keeps repo rate unchanged at 6.5%, shifts stance to neutral

Governor Shaktikanta Das said that India's real GDP grew by 6.7 per cent in Q1. For FY25, the RBI kept its GDP projection unchanged at 7.2 per cent

RBI's MPC meeting today: Will there be a rate cut? Key points to watch

For the last nine consecutive meetings, the RBI has maintained the repo rate at 6.50 per cent, balancing inflation control with economic growth objectives