Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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What is the repo rate? The repo rate, or the key interest rate at which the RBI lends money to commercial banks, plays a significant role in determining the cost of borrowing for individuals and businesses. When the repo rate decreases, banks are inclined to reduce their lending rates, making loans cheaper. On the flipside, when the repo rate increases, banks tend to pass on their higher borrowing costs to consumers. Here's a summary of this key interest rate which impacts you very much.
As the country awaits the outcome of the RBI governor-led Monetary Policy Committee’s first bi-monthly review of FY25, SBI Caps expects the "first rate cut to be not before Aug’24".
Sun, Feb 06, 2022
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will commence from Monday, February 7, 2022.
Tue, Dec 14, 2021
In yet another episode of Money Guru, Zee Business' Swati Raina spoke to Harshvardhan Roongta, Certified Financial Planner at Roongta Securities, about the benefits of low interest rates, and better returns from bank fixed deposit.
Fri, Sep 17, 2021
The Punjab National Bank (PNB) has revised the Repo Linked Lending Rate (RLLR) from 6.80 percent to 6.55 percent with immediate effect.
Fri, May 22, 2020
Rbi announces three months extension on loan moratorium on emi. Rbi also cut repo rate in the crisis of lockdown
Thu, Dec 05, 2019
RBI announces repo rate stills same on 5.15%
Tue, Oct 01, 2019
In the recently held 37th GST Council meeting in Goa, Finance Minister Nirmala Sitharaman approved reduction in the GST on hotel room rent to give a boost to the tourism sector.
Thu, Aug 08, 2019
The RBI's monetary policy committee, led by governor Shaktikanta Das, lowered repo rate by 35% basis points to 5.4%.
Wed, Aug 07, 2019
भारतीय रिजर्व बैंक ने आज बुधवार को अपनी क्रेडिट पॉलिसी का ऐलान करते हुए रेपो रेट में 0.35 फीसदी की कटौती की है.
RBI MPC Meeting: The Reserve Bank of India (RBI) has cut the Repo Rates by 0.35 per cent to 5.4 per cent.
Tue, Aug 06, 2019
RBI MPC Meeting: Real estate developers are demanding a 25-50 bps rate cut from Governor Shaktikanta Das as lower rates would entice homebuyers and thereby fuel home sales.
Mon, Jun 10, 2019
SBI to link home loans to the repo rate from July. To know more watch the video
Thu, Jun 06, 2019
Reserve Bank of India reduced the repo rate by 25 basis points (bps) to 5.75 percent in the second bi-monthly monetary policy meet of the financial year 2019-20 (FY20). Watch this video to know more.
RBI's rate cut won't be enough to handle the liquidity issue until retail banks pass on the benefit to its customers, says market expert Ajay Bagga.
RBI has reduced repo rate by 0.25% to 5.75%, also has changed policy stance to 'accommodative.' Watch this video to know more.
RBI monetary policy 2019: The Reserve Bank of India (RBI) governor Shaktikanta Das along with MPC members today announced their decision to cut policy repo rate by 25 basis points. In last 3 monetary policies, overall 75 basis point cut has been made in repo rate.
The RBI has cut benchmark interest rate by 0.25 per cent to bring down the interest rate. Slashing the repo rate by 25 bps by RBI is in sync with the expectations of the finance domain experts.
The industry insiders are of the opinion that cut in rates would help increase liquidity into the market leading to easy access of funds to the real estate developers and lower EMI for homebuyers.
Wed, Jun 05, 2019
RBI rate cut will help in liquidity injection in the economy and help revive the currently stalled credit cycle, increase broad-based investments, give a fillip to consumption expenditure.
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