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Top News In Rbi Monetary Policy Meet 2023 Today - Breaking & Trending Today

RBI enhances UPI transaction limit for these payments, industry welcomes the move

The RBI has increased the UPI transaction limit for education and healthcare to a whopping ₹5 lakh per day! This means you can now pay for school fees, college admissions, and even hefty medical bills seamlessly through your favorite UPI app. ....

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RBI MPC Meeting: Repo rate unchanged at 6.5%, 'withdrawal of accommodation' stance

RBI MPC Meeting: The MPC maintained the policy stance as withdrawal of accommodation by 5 out of 6 majority. The announcements are in line with expectations. ....

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RBI MPC Meeting: UPI transaction limit for hospitals, educational institutions payments raised to ₹5 lakh

RBI MPC Meeting: Further e-Mandates for making payments of a recurring nature has been raised to ₹1 lakh for mutual fund subscriptions, insurance premium subscriptions, and credit card repayments. ....

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RBI Monetary Policy Latest Update: RBI Keeps Repo Rate Unchanged At 6.5%, Projects GDP Growth at 7%

RBI Monetary Policy Latest Update: For the fourth straight occasion, the monetary policy committee, through its October review meeting, unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo. ....

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RBI MPC Meeting LIVE Updates: RBI likely to maintain Status quo on repo rate. All eyes on inflation commentary

RBI MPC Meeting LIVE Updates: The Reserve Bank of India (RBI) is expected to keep its main interest rate unchanged in today s meeting, with a primary focus on controlling inflation amidst rising oil prices and the Federal Reserve s efforts to strengthen the rupee. In response to the Russia-Ukraine conflict, the Reserve Bank initiated a gradual policy rate increase starting in May 2022, ultimately reaching 6.5 percent by February of this year. Over the past three bi-monthly monetary policy reviews, the rate has remained unchanged. The Monetary Policy Committee (MPC), led by RBI Governor, commenced discussions on October 4.The government has tasked the Reserve Bank with the responsibility of ensuring that Consumer Price Index (CPI)-based retail inflation remains within 4 percent, with a margin of 2 percent on either side. In August, retail inflation stood at 6.83 percent, exceeding the RBI s comfort level.During an unscheduled meeting in May 2022, the MPC raised the policy rate by 40 bas ....

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