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Searched Tag: repo rate

RBI holds repo rate at 6.50% for 9th meeting

August 8, 2024, 12:59 PM - 2 min read

The Reserve Bank of India kept its benchmark repo rate at 6.50% for the ninth consecutive meeting, focusing on controlling persistent high food inflation. With inflation at 5.08%, the RBI remains vigilant to avoid economic spillovers. It retained India's GDP growth forecast at 7.2% and inflation at 4.5%, while anticipating potential policy changes by October based on economic trends.

RBI likely to keep interest rate unchanged at 6.5%

August 4, 2024, 04:02 PM - 2 min read

The RBI is expected to maintain the repo rate at 6.5% during its August meeting, citing persistent inflation and stable economic growth, with potential for rate cuts later if inflation decreases. The decision aligns with the US Federal Reserve's stance on maintaining interest rates.

RBI keeps repo rate steady at 6.5% for 8th consecutive time

RBI holds repo rate steady at 6.5%

June 7, 2024, 10:53 AM - 2 min read

Announcing the second bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.

RBI expected to maintain status quo on repo rate amid inflation concerns

RBI Guv Das to announce monetary policy on Friday

June 6, 2024, 08:11 PM - 2 min read

RBI Governor Shaktikanta Das is expected to maintain the repo rate at 6.5% amid inflation concerns, despite other central banks cutting rates. The Monetary Policy Committee's decision, influenced by ongoing economic growth, will be announced after deliberations concluding Friday morning.

On April 5, higher volatility gripped the benchmark indices, Sensex and Nifty, following the Reserve Bank of India's (RBI) decision to leave the key repo rate unchanged at 6.5 percent.

Higher volatility keeps Sensex and Nifty in check as RBI maintains Repo Rate

April 5, 2024, 04:59 PM - 2 min read

The Nifty Realty index emerged as the top gainer, surging over a percent on the back of robust pre-sales momentum and the government's focus on infrastructure spending. The Bank Nifty also exhibited bullish behavior, gaining 0.9 percent. However, the Nifty Auto index witnessed subdued performance.

The Reserve Bank of India's Monetary Policy Committee (MPC) has chosen to maintain the repo rate at 6.50% on April 5, 2024, signaling stability in lending rates.

RBI maintains Repo Rate at 6.50%: What does it mean for homebuyers and the real estate sector ?

April 5, 2024, 11:40 AM - 2 min read

The impact may vary slightly depending on whether your home loan is on a fixed or floating interest rate. Fixed rates are not directly affected by repo rate changes during the fixed period. However, floating rates tend to adjust with changes in the repo rate.

The Indian equity markets witnessed a historic surge on Thursday, with both the benchmark indices, Sensex and Nifty, scaling new peaks.

Equity markets hit record highs ahead of RBI Repo Rate announcement

April 4, 2024, 05:01 PM - 2 min read

The bullish momentum was predominantly steered by robust gains in finance and technology stocks, setting a positive tone ahead of the Reserve Bank of India's (RBI) much-awaited repo rate announcement scheduled for the following day.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is gearing up for its first meeting of the financial year 2024-25, scheduled to take place from April 3 to 5.

Analysts weigh in: MPC likely to keep repo rate unchanged

April 1, 2024, 04:57 PM - 2 min read

Optimism prevails, with forecasts indicating strong growth in fiscal year 2024. Finance Minister Nirmala Sitharaman anticipates robust growth in the fourth quarter, potentially propelling GDP growth for the entire fiscal year to 8% or higher.

Reserve Bank of India's Monetary Policy Committee (MPC) meeting scheduled for April 5, 2024, foreign brokerages and banks have weighed in on the likely trajectory of the repo rate for the fiscal year 2025.

RBI MPC meet FY25: Repo rate to remain steady at 6.5%, suggests consensus among brokerages and banks

March 30, 2024, 03:01 PM - 2 min read

Santanu Sengupta, Chief India Economist at Goldman Sachs India, emphasized the importance of inflation trends, stating, “With 1HCY24 headline inflation still above the RBI’s target, we maintain our view that the RBI will keep the policy repo rate unchanged at 6.5 per cent at the April 5 meeting."

Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) which began on February 6 culminated today with Governor Shaktikanta Das address.

RBI MPC Meeting: Central Bank keeps repo rate unchanged at 6.5%

February 8, 2024, 11:18 AM - 2 min read

The MPC's decision comes with a focus on analyzing the current economic conditions and future outlook. Das announced the policy decision ahead of a press conference to be held at 12 pm, where he reiterated the central bank's commitment to maintaining financial stability.

RBI MPC Meeting is scheduled to meet from February 6 to 8

RBI expected to maintain repo rate at 6.5%: Impact on borrowers explained

February 6, 2024, 12:56 PM - 2 min read

According to the Goldman Sachs research report the target is to maintain that the RBI MPC will keep the policy rate unchanged at 6.50 percent as discussed in the February 8 policy meeting.