Tag: Monetary Policy Committee

RBI may hike interest rate by 35-50 basis points in next MPC: SBI Research

Faced with elevated retail inflation in August, the Reserve Bank of India is expected to raise interest rates in the range of 35-50 basis points in its next monetary policy committee meeting, said SBI Research.

September 13, 2022

RBI keeps lending rates intact, remains accommodative

The Monetary Policy Committee (MPC) of India's central bank voted to maintain the repo rate, or short-term lending rate, for commercial banks at 4 per cent.

December 8, 2021

RBI keeps repo rate unchanged at 4%, GDP to contract 9.5% in current FY

Consequently, the reverse repo rate, at which the RBI borrows from lenders, stood at 3.35 per cent.

October 9, 2020

RBI’s three-day monetary policy committee meeting begins

Three members of the panel are from the RBI, including the Central bank's Governor and the rest three are external or independent members.

October 7, 2020

GDP growth rate expected to be negative in FY21: RBI

1. Governor Das said that the Reserve Bank of India (RBI) expects country’s real GDP growth rate for the first half of FY21 to remain in the negative territory. 2. The MPC expects elevated inflation levels during the second quarter but may ease in the second half of the current fiscal year.

August 6, 2020

Sensex rallies over 500 pts after RBI policy outcome; Nifty tops 11,200

RBI has left the benchmark repurchase (repo) rate unchanged at 4 per cent.

August 6, 2020

RBI leaves repo rate, reverse repo rate unchanged; extends loan restructuring to corporates

The Monetary Policy Committee (MPC), headed by the Governor Shaktikanta Das, also decided to keep the reverse repo rate at 3.35 per cent.

August 6, 2020

RBI may go in for further 25 bps rate cut, feel experts

Union Bank of India managing director and CEO Rajkiran Rai said, There is a possibility of 25 basis points cut or they may hold on (the rate).

July 27, 2020

RBI reviewing monetary policy framework, says Governor Shaktikanta Das

In a bid to keep inflation under a specified level, the government in 2016 had decided to set up Monetary Policy Committee headed by RBI Governor.

February 23, 2020

RBI keeps repo rate unchanged at 5.15% in last monetary policy for FY20 amid slowdown

Meanwhile, the apex bank has projected the GDP growth for FY21, starting April 1, at 6 per cent while retaining the estimate for the current financial year at 5 per cent.

February 6, 2020

RBI keeps repo rate unchanged at 5.15% in surprise move, cuts GDP forecast to 5%

The RBI's fifth policy statement of the current financial year comes at a time when the GDP growth rate has slipped to a six-year low for the September quarter.

December 5, 2019

RBI slashes repo rate by 25 basis points to 5.15%; loans to get cheaper

The RBI's monetary policy committee (MPC) in its fourth policy review of the current fiscal also revised the GDP outlook for FY2019-20 to 6.1 per cent from the previous 6.9 per cent.

October 4, 2019

Loans to get cheaper as RBI cuts repo rate by 35 bps to 5.4%; GDP growth rate down at 6.9%

This is the fourth reduction in repo rate during 2019.

August 7, 2019

RBI cuts key interest rate by 25 basis points to 6%, loan EMIs likely to get cheaper

This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February.

April 4, 2019

Loans may get cheaper as RBI cuts repo rate by 25 basis points to 6.25%; stance changed to ‘neutral’

Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.

February 7, 2019

RBI monetary policy committee leaves repo rate unchanged at 6.5%, GDP growth projection at 7.4%

The MPC noted that crude oil prices have declined sharply, reflecting higher supplies and easing of geopolitical tensions.

December 5, 2018

Government welcomes RBI monetary policy statement

The government on Thursday welcomed the RBI’s monetary policy statement in which it maintained the status quo on its key short-term lending rate at 6 per cent. Maintaining a neutral stance, the Monetary Policy Committee (MPC), in its first bi-monthly statement for FY19, revised upwards its forecast on real Gross Domestic Product growth from 7.2...

April 5, 2018