RBI Holds Repo Rate Steady at 6.5% for the 10th Consecutive Meeting

09 Oct 2024

In its monetary policy meeting held on Wednesday, the Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5 percent for the tenth consecutive time. However, the rate-setting panel shifted its stance from ‘withdrawal of accommodation’ to ‘neutral.’ Impact on Borrowers This decision implies that all external...

RBI Keeps Repo Rate Unchanged at 6.5% for Ninth Consecutive Time Amid Declining Inflation

08 Aug 2024

The Reserve Bank of India (RBI) has maintained the repo rate at 6.5% for the ninth consecutive time, as announced by Governor Shaktikanta Das during the Monetary Policy briefing on Thursday. This marks 18 months of unchanged rates, with the central bank continuing its stance on the withdrawal of accommodation....

RBI Policy Panel Keeps Repo Rate Unchanged. Here’s Why?

07 Jun 2024

Interest rates in the financial system are expected to remain steady, with the Reserve Bank of India (RBI) maintaining the repo rate at 6.4 per cent for the eighth consecutive time. Persistent food inflation continues to keep retail inflation high. The RBI’s Monetary Policy Committee (MPC), which met from June...

RBI Projects 7.2% GDP Growth For FY 24-25, Keeps Repo Rate Unchanged At 6.5%

07 Jun 2024

The Reserve Bank of India (RBI) has adjusted its GDP projection for the fiscal year 2024-2025, increasing it to 7.2% from the previous estimate of 7%. Concurrently, the Consumer Price Index (CPI) inflation forecast stands at 4.5%. These updates were unveiled by RBI Governor Shaktikanta Das during the announcement of...

Interest Rate Cuts in India Remain Unlikely: Morgan Stanley Report

16 Apr 2024

Reserve Bank of India (RBI) maintaining the repo rate unchanged for the seventh consecutive time, investment bank Morgan Stanley anticipates a halt in rate cuts. In a report titled 'India Economics: Rate Cuts Are Now Off the Table,' authored by economists Upasana Chachra and Bani Gambhir, the focus is on...

Crisil expects RBI to start lowering repo rates from mid-2024

15 Apr 2024

The Reserve Bank of India (RBI) has opted to maintain the repo rate unchanged for the seventh consecutive time this month. Crisil, a rating agency, now anticipates the commencement of a rate cut cycle from mid-2024. The repo rate represents the interest rate at which the RBI lends to other...

RBI expands obligation for Key Fact Statement for all retail, MSME loans

08 Feb 2024

The Reserve Bank of India (RBI) has expanded the obligation for a Key Fact Statement (KFS) to encompass all retail and MSME loans, aiming to improve transparency in the lending sector. The KFS serves as a document elucidating lending terms, offering key information on a loan agreement, including the comprehensive...

RBI Holds Steady: Policy Rate Unchanged for the 5th Consecutive Time

08 Dec 2023

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decided to stick with stability, keeping the policy repo rate at 6.5 percent during its December review meeting. This decision was unexpected. This is the central bank's fifth consecutive decision to keep interest rates unchanged. RBI Governor Shaktikanta Das, addressing...

Experts expect status quo in interest rates from ongoing RBI monetary policy

09 Aug 2023

The results of the third monetary policy committee meeting of the Reserve Bank of India will be made public on Thursday morning. RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators. The ongoing three-day meeting started...

Industry groups applaud RBI’s rate increase

07 Dec 2022

Two trade associations, FICCI and PHD Chamber, have praised the Reserve Bank of India's decision to raise the repo rate. FICCI believes that this pragmatic approach will foster growth, and PHD Chamber believes that, given the sharp decline in inflation, a calibrated strategy to maintain economic growth will be essential...