Tag: MPC

RBI-MPC decides on internationalisation of Rupay cards, expanding scope of NPA resolution

Expanding the scope of resolving the issue of non-performing assets (NPA) to other regulated entities, extending the time for Urban Cooperative Banks (UCB) to achieve the target for priority sector lending, internationalisation of Rupay cards are some of the major decisions of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).

June 8, 2023

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’s MPC is expected to begin raising key lending rate from April

"Second, the US Federal Reserve is expected to raise its policy rate at the fastest pace seen after the 'Global Financial Crisis'."

February 12, 2022

RBI keeps key lending rate unchanged at 4%; GDP target at 9.5%

RBI Governor termed the recent inflations as "transitory" and "driven by adverse supply side factors"

August 6, 2021

Will introduce on-tap TLTRO worth Rs 1 lakh crore, says RBI

The liquidity availed under the scheme can also be used to extend bank loans and advances to these sectors.

October 9, 2020

Equity benchmarks surge after RBI policy; financial, realty stocks gain

At 1.20 p.m., Sensex was trading 283.74 points higher at 40,466.41 levels while the Nifty was at 11,903.70, up by 69.10 points.

October 9, 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 expects elevated inflation levels during Q2

Das made the comments while he was announcing the decisions taken by the central bank's MPC.

August 6, 2020

‘Have many other tools to revive growth, not just interest rates’: RBI Guv Shaktikanta Das

His statement comes after the federal bank kept the benchmark interest rates unchanged in the second consecutive policy review.

February 6, 2020

RBI keeps forecasts growth at 6%, keeps repo rate unchanged at 5.15%

The Reserve Bank of India (RBI) also pegged country’s GDP growth for 2020-21 at 6 per cent.

February 6, 2020

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

RBI raises repo rate, home loans to be costlier

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...

August 2, 2018

Next MPC should look at interest rate cut

Economic analysts were waiting for the decision of Monetary Policy Committee (MPC), which held its meeting on 6 and 7 February 2018. Its decisions were made public at 2.30 pm on 7 February. MPC decided to maintain status quo on the repo rate and reverse repo rate at 6 per cent and 5.75 per cent...

February 26, 2018

RBI expects inflation to rise to 5.1 pc, repo rate unchanged

The Reserve Bank of India on Wednesday maintained status quo on key interest rates and predicted that retail inflation would rise to 5.1 per cent in the last quarter of this financial year. In line with expectations, the RBI’s monetary policy committee (MPC) kept the repurchasing ~ or repo rate at which it lends to...

February 7, 2018

‘Pliant’ RBI governor loses respect: Rajan

Former RBI Governor Raghuram Rajan today said if a central bank head is “pliant and subservient”, he risks losing the respect of his team members. He, however, added that RBI governors, once in office, “develop backbone very quickly”. He also advocated protecting the governor’s term on the lines of the judiciary. Rajan, the first RBI...

September 9, 2017