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RBI Monetary Policy: Will loan borrowers get respite? Big decision coming today | Personal Finance News

The six-member Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das started deliberations on the bi-monthly policy review on Monday, while the outcome of the meeting will be announced today.

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RBI's sudden repo rate hike! Here are 4 major areas that will affect the common man | Personal Finance News

RBI took sudden decision to increase the repo rates by 40 bps to 4.40 percent, a move that will raise borrowing costs for corporates and individuals .

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RBI hikes interest rate by 40 bps to 4.40%, first since May 2020; borrowing to become expensive now | Personal Finance News

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das also raised the amount of deposits banks are required to maintain a cash reserve by 50 bps to 4.5 per cent to suck out Rs 87,000 crore of liquidity from the banking system.

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Rbi Keeps Key Rates Unchanged, Lowers Gdp Growth From 7.8% To 7.2%. Highlights

The government has mandated the central bank to keep inflation at 4%, with an upper and lower tolerance level of 2 per cent.

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RBI monetary policy: Interest rate unchanged at 4%

The inflation forecast for the fiscal 2022-23 has been increased to 5.7 per cent against the previous estimate of 4.5 per cent.

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