RBI Monetary Policy Highlights: RBI Governor Sanjay Malhotra announced a 25 bps cut in the repo rate -- from 6.5% to 6.25%
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks. Chief economist of Crisil Limited Dharmakirti Joshi said that as expected, the MPC of the central bank cut rates for the first time since May 2020. The repo rate has been cut by 25 basis points which now stands at 6.25 per cent. Joshi said that the recent easing in consumer price index (CPI) inflation and the need to remain supportive of economic growth has moved the RBI to act in this regard. However, the MPC maintained the policy stance at 'neutral', which gives flexibility to remain data dependent and respond to exigencies, Joshi said. The MPC moves in the future will depend more on domestic inflation, he said. "Elevated rates have impacted India's GDP growth, while the budget for the
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to cut the repo rate for the first time in two years, reducing it by 25 basis points to 6.25 per cent from 6.5 per cent
In its December 2024 Monetary Policy Committee meeting, the RBI kept the repo rate unchanged at 6.5 per cent for the eleventh consecutive meeting
RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control
RBI Monetary Policy: With the Union Budget for FY-2026 behind us, the focus now shifts to the next big event on the horizon - the Monetary Policy Committee's (MPC) final meeting for FY-2025 on Feb 7
The domestic rate-setting panel has kept the policy repo rate unchanged for the last 11 consecutive meetings after raising it by 250 bps between May 2022 and February 2023
The Indian stock market bounced back today, on January 28 after hitting a 7-month low in yesterday’s session.
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India's foreign exchange reserves have declined by $50 billion this quarter as of December 13, according to the latest RBI data
Analysts believe the largely expected adjustment is a bid by the Fed to nudge cash out of a facility that's widely viewed as a proxy for excessive liquidity in the financial system
RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here
Interest rates likely to stay the same for now, but lenders may still adjust terms based on their considerations
Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future
The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures
Patra said that under heightened uncertainty, discretion in forward guidance has increasingly gained legitimacy among major central banks
RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October
The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 6.5% during its October 9 meeting. This marks the tenth consecutive time it has held the rate steady.
Inflation held below the RBI's medium-term target of 4.0 for a second month in August
The FOMC meeting is widely expected to see policy rates reduced by 25 or 50 bps, but investors will also be looking at the Fed's commentary to determine the frequency and quantum of future rate cuts