Tag: repo rate
15 Results
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IDBI Bank introduces repo-rate related loans
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
August 30, 2019 -
Cut and Cure?
Meanwhile, one can only hope that the massive loss of jobs in the automotive sector will move Modi 2 to accepting the plight of the economy because the farm sector job losses certainly did not.
August 13, 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 -
Home, auto loans to get cheaper as RBI cuts repo rate by 25 basis points to 5.75%
Amid reluctance by banks to pass on the benefits of lower lending rate, RBI Governor Shaktikanta Das on Thursday said the central bank would make sure that transmission of reduced repo rate would be faster and higher.
June 6, 2019 -
Will continue to lower tax rates if voted to power: Arun Jaitley after RBI’s big interest rate cut
The minister said that over the last 5 years the government did not increase tax rates, and in some cases doubled tax base and increased tax collection.
April 5, 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 -
Rupee breaches 74-mark against US dollar as RBI keeps repo rate unchanged
The RBI governor has maintained that depreciation in rupee has been moderate compared to emerging market peers.
October 5, 2018 -
Reserve Bank of India may hike repo rate by 25 bps on Friday
State Bank of India in its Ecowrap research report last week said that the RBI will likely hike the repo rate by 25 bps in October, warning that the increase may not be the last one in the current fiscal year to March 31.
October 3, 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 -
RBI to cut repo rate by 25 bps on 2 Aug
The Reserve Bank is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as inflation is likely to have reached a new normal of 4 per cent, says an HSBC report. According to the global financial services major, inflation in India has fallen dramatically,...
July 27, 2017 -
RBI likely to maintain status quo on April 6
Hardening inflation and global developments may prompt the Reserve Bank to opt for status quo at its first bi-monthly monetary policy for 2017-18 on April 6.
Rising interest rate in the US provides sufficient indication that benchmark policy rate of RBI is not going to go down but may increase in the future depending on domestic and external factors, according to experts.
“I think that RBI will hold on to the interest rate in the upcoming policy,” Kotak Mahindra Bank Vice Chairman Uday Kotak told PTI.
Going forward, he said the tinkering could be plus or minus 0.25 per cent depending on the evolving condition.According to the head of another private sector lender, the central bank may not change rates on April 6.
RBI Governor Urjit Patel in his last policy review on February 8 had kept key interest rate on hold at 6.25 per cent.
Patel had said he would wait for more clarity on the inflation trend and impact of demonetisation on growth before making change in the key policy rate.Wholesale inflation soared to a 39-month high of 6.55 per cent in February while retail inflation inched up to 3.65 per cent due to rise in food and fuel prices, leading to speculation that RBI will keep interest rate unchanged again in its April policy.
“Although the CPI inflation is likely to significantly undershoot the March 2017 target, we do not expect a repo rate cut in the upcoming policy review in April 2017, with the Monetary Policy Committee firmly focused on the medium term target of 4 per cent,” rating agency Icra's Managing Director Naresh Takkar said.
Apart from the challenge of getting inflation down to 4 per cent, which was flagged by the RBI Governor at the last review, one of the biggest factors influencing the analysts seems to be the shift in the policy stance to neutral.
“The RBI surprised with a shift to a neutral stance in February. Rates will remain on hold at Aprils review,” analysts at Singaporean lender DBS said.
This will be the fourth policy which will be based on the recommendations of the six-member Monetary Policy Committee (MPC).
In Patel's first policy review as RBI Governor in October, which was also the maiden review of the MPC, the repo rate was reduced by 0.25 per cent to 6.25 per cent.Since then, the repo rate has been retained at 6.25 per cent. However, RBI has cut repo by 1.75 per cent since January 2015.
April 2, 2017 -
Home buyers disappointed by unchanged repo rate
Home buyers and real estate developers hoping for a sharp fall in lending rates have been left disappointed by the Reserve Bank of India (RBI)'s decision to keep policy rates unchanged on Wednesday. Realty sales have dropped up to 30 per cent after the government decided to withdraw high value notes three months ago that led to...
February 9, 2017 -
Home buyers disappointed by unchanged repo rate
Home buyers and real estate developers hoping for a sharp fall in lending rates have been left disappointed by the Reserve Bank of India (RBI)'s decision to keep policy rates unchanged on Wednesday. Realty sales have dropped up to 30 per cent after the government decided to withdraw high value notes three months ago that led to...
February 9, 2017