In line with equity and financial markets expectations, the Reserve Bank of India’s six-member monetary policy committee on Wednesday increased its policy repurchasing or repo rate (at which it lends short-term loans to commercial banks) by 25 basis points or 0.25 per cent from 6.25 per cent to 6.50 per cent. This is the second …
Continue reading "RBI raises repo rate, home loans to be costlier"
August 2, 2018The Reserve Bank is expected to pause rate cuts for the rest of 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, says a Kotak Institutional Equities report. According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent …
Continue reading "RBI likely to keep policy rate on hold till fiscal-end: Report"
September 17, 2017