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Monetary policy meet: RBI asks banks to set aside incremental CRR

Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement.

RBI MPC meet: Reserve Bank hits pause for 3rd time, repo rate unchanged at 6 5%

RBI Monetary Policy August 2023: Shaktikanta Das said that the headline inflation after reaching a low of 4.3 per cent in May 2023, rose in June and is expected to surge during July and August, led by vegetable prices.

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