RBI raises rates for second straight month to tackle racing inflation

MUMBAI, June 8 (Reuters) – The Reserve Bank of India’s key interest rate was raised by 50 basis points on Wednesday as widely expected, the second hike in as many months, in a bid to cool persistently high inflation in Asia’s third-largest economy. The central bank also dropped the long-standing phrase that future policy would… Continue reading RBI raises rates for second straight month to tackle racing inflation

RBI to go for another 0.40% hike in repo rate next week: Report

Mumbai, June 3 (PTI) The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank’s rate setting panel will follow it up with a 0.35 per cent hike in rates at the… Continue reading RBI to go for another 0.40% hike in repo rate next week: Report

PNB raises benchmark lending rate by 0.15 pc; EMIs to go up

New Delhi, Jun 1 (PTI) State-owned Punjab National Bank (PNB) on Wednesday raised its marginal cost of funds-based lending rate by 15 basis points or 0.15 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. The new rates are effective from June 1, PNB said in a… Continue reading PNB raises benchmark lending rate by 0.15 pc; EMIs to go up

Inflation getting broad-based, RBI set to hike repo by another 1 pc in FY23: Report

Mumbai, May 12 (PTI) With headline inflation accelerating to an eight-year high of 7.79 per cent in April, ratings agency Crisil said price rise is getting broad-based, and the Reserve Bank is likely to respond with rate hikes of up to 1 percentage point in FY23. The research wing of the entity said it now… Continue reading Inflation getting broad-based, RBI set to hike repo by another 1 pc in FY23: Report

RBI raises key repo rate by 40 bps in off-cycle move

MUMBAI, May 4 (Reuters) – The Reserve Bank of India’s monetary policy committee raised the key lending rate by 40 basis points on Wednesday, citing persistent inflationary pressures in the economy, governor Shaktikanta Das announced. The MPC raised the key lending rate or the repo rate by 40 basis points to 4.40%, Das said. India’s… Continue reading RBI raises key repo rate by 40 bps in off-cycle move

India cenbank keeps rates steady as growth risks re-emerge

MUMBAI, April 8 (Reuters) – The Reserve Bank of India’s monetary policy committee kept the bank’s key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the aftermath of the Russia-Ukraine war. The monetary policy committee held the lending rate, or… Continue reading India cenbank keeps rates steady as growth risks re-emerge

RBI to hold rates, guidance on liquidity crucial

MUMBAI, Oct 6 (Reuters) – India’s monetary policy committee is widely expected to keep the repo rate unchanged to support recovering growth on Friday, but some analysts have cited a slim chance of the Reserve Bank of India delivering a token increase in the reverse repo rate. All 60 forecasters in a Reuters poll said… Continue reading RBI to hold rates, guidance on liquidity crucial

RBI keeps key interest rates on hold as COVID-19 cases rise

MUMBAI (Reuters) – The Reserve Bank of India (RBI) kept interest rates steady at record lows on Wednesday, as widely expected, sticking to its accommodative monetary policy amid concerns that rising COVID-19 infections could derail the country‚Äôs nascent economic recovery. The RBI kept the repo rate or its key lending rate steady at 4% while… Continue reading RBI keeps key interest rates on hold as COVID-19 cases rise

RBI keeps key rates steady as expected

MUMBAI (Reuters) – The Reserve Bank of India (RBI) kept key interest rates steady as widely expected on Friday amid persistently high inflation, and after a better-than-expected reading on economic growth. The monetary policy committee also decided to retain an accommodative policy stance at least for the current financial year and into the next year… Continue reading RBI keeps key rates steady as expected

RBI slashes repo rate by 40 bps to 4 per cent to increase credit flow

Mumbai: The Reserve Bank of India (RBI) on Friday slashed its key policy rate for a second time this year, in a move to counter the economic fallout from an ongoing nationwide lockdown to contain the spread of the novel coronavirus. It cut the repo rate by 40 basis points to 4%. The reverse repo… Continue reading RBI slashes repo rate by 40 bps to 4 per cent to increase credit flow