RBI's Monetary Policy Committee raised the repo rate to 5.40 per cent from 4.90 per cent, taking the benchmark policy rate to a three-year high
At its current level, the repo rate is at its highest since August 2019
The biggest losers would be the rate-sensitive real estate and two-wheeler sectors, which may see demand coming down
With regard to repo rate actions, if you look at other central banks, 50 bps has become the new normal. And, quite a number of central banks are hiking rates by 75-100 basis points: Shaktikanta Das
The MPC maintained its hawkish stance, raising the rate to a three-year high
RBI hikes repo rate by 50 bps, keeps FY23 inflation, growth forecasts at 6.7% & 7.2%; home loan rates set to exceed 8%
Latest news Live updates: Former Congress chief Rahul Gandhi, Priyanka Gandhi Vadra, K C Venugopal, Adhir Ranjan Chowdhury and Gaurav Gogoi were among the MPs detained
CLOSING BELL: While an in-line repo rate hike of 50 basis points gave ammunition to the bulls, bears tried to drag the indices as inflation projections were maintained for fiscal 2022-23 (FY23)
RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know.
Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent
From coronavirus cases in India to the proceedings of the Parliament, catch all the latest developments from across the globe here
Financial market dominance over central banks is a huge problem and challenge, former RBI deputy governor says
Zomato is on an internal rebranding exercise by moving to a multiple chief executive structure for its businesses that will be housed under a larger organisation called Eternal
The revised rates for new borrowers range between 7.80 per cent and 8.30 per cent, depending on credit and loan amount
In our view, the MPC is likely to deliver a 50 bps increase in the repo rate (currently at 4.9 per cent), for both global and domestic reasons
MPC may front-load rate hikes to tame inflation, say economists
Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources
Citigroup Inc. economists expect a 35 basis-point increase in borrowing costs at the Reserve Bank of India's next Monetary Policy Committee meeting in August, a move also predicted by Barclays Plc