Live Breaking News & Updates on Rbi Monetary Policy 2023
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RBI in its past three meetings - April, June, and August held the repo rate unchanged at 6.5 per cent. The repo rate is the rate of interest at which RBI lends to other banks. Rating agency Crisil too believed the monetary policy committee would again hold the policy rate in the October meeting.
RBI Monetary Policy 2023: Reserve Bank of India's MPC Review Meeting Commences, Another Pause in Repo Rate Likely. ....
RBI MPC Meeting News LIVE: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is scheduled to announce its decisions on the key policy rate hike, inflation projection, and GDP outlook today.Analysts anticipate that the central bank will likely maintain the current pause on the repo rate. This stance is motivated by concerns over inflation and the necessity to sustain a stable borrowing cost in order to uphold the momentum of economic growth.The borrowing cost, which experienced an increase in May of the previous year, has since steadied. The RBI has held the repo rate at 6.5 percent since February, following a prior increase from 6.25 percent. Subsequently, the benchmark rate was retained in the subsequent policy reviews of April and June.According to a report from BofA Securities, it is anticipated that the RBI MPC will adopt a hawkish hold on August 10, maintaining the existing stance as a withdrawal of accommodation.In its preceding meeting in early June, the mon ....
The Monetary Policy Committee meeting of the RBI took place on June 8-10. A year is divided into six bimonthly reviews of the central bank s monetary policy. Additionally, there are out-of-cycle reviews, where the central bank holds extra sessions in urgent situations. ....
RBI Monetary Policy LIVE Updates: RBI Governor Shaktikanta Das will today, Thursday, August 10, announce the interest rate decision of its Monetary Policy Committee at 10 am, along with other decisions of the central bank ....