Retail inflation in July: The country's annual retail inflation eased to 5.59 per cent in July from 6.26 per cent the previous month, government data released on Thursday showed
FD interest rates: RBI holds repo rate; deposit rates may still go up, here s what depositors should do indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
This is the sixth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo. RBI had last revised its policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
Markets could be slightly disappointed with the last tranche of GSAP 1.0 including SDL within the Rs400 bn limit, especially, after the announcement of a possible Rs1.58 tn borrowing by center as back-to-back loans to the states.
The RBI on Friday held the repo rate, its key lending rate, at four per centand kept the reverse repo rate, the borrowing rate, unchanged at 3.35 per cent.