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RBI monetary policy review: Repo rate cut by 25 bps to 6 per cent; loans to get cheaper


RBI monetary policy review: Repo rate cut by 25 bps to 6 per cent; loans to get cheaper
RBI monetary policy review: Repo rate cut by 25 bps to 6 per cent; loans to get cheaper
The Monetary Policy Committee (MPC), Led By Reserve Bank Of India Governor Urjit Patel, Decided To Cut The Repo Rate, Or Key Lending Rate, By 25 Basis Points To A Seven-year Low Of 6 Per Cent On Wednesday. The Repo Rate Slash Shall Make The Loans Cheaper For The Consumers.
News Nation Bureau | Edited By : Gautam Lalotra
| Updated on: 02 Aug 2017, 03:48:11 PM
New Delhi:
The Monetary Policy Committee (MPC), led by Reserve Bank of India Governor Urjit Patel, decided to cut the repo rate, or key lending rate, by 25 basis points to a seven-year low of 6 per cent on Wednesday. The repo rate slash shall make the loans cheaper for the consumers. ....

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In 1st MPC Meet Post Budget, RBI Leaves Repo Rate Unchanged, Says 2021 Setting Up for New Growth Era


In the first monetary policy committee (MPC) meeting after the presentation of the Union Budget 2021-22, the Reserve Bank of India (RBI) panel on Friday announced that it has kept repo rate, as well as the reverse repo rate unchanged while maintaining an accommodative stance .
RBI governor Shaktikanta Das announced that the decision was taken unanimously and added that the repo rate was kept unchanged at 4 percent and the reverse repo rate at 3.35 percent. The RBI will be maintaining an accommodative stance as long as necessary at least through the current financial year to the next year, Das announced.
The central bank also sees the upcoming financial year s GDP growth at 10.5 per cent. ....

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RBI interest rates cut unlikely December retail inflation Monetary Policy Committee latest news


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RBI unlikely to cut interest rates despite dip in December retail inflation: Report
The Reserve Bank of India (RBI) is unlikely to further ease the interest rates in the next meeting of its Monetary Policy Committee even though retail inflation declined in December 2020, a report by Motilal Oswal Institutional Equities said.
The Ecoscope report noted that the central bank is likely to continue with its calibrated approach towards the management of domestic liquidity.
It is for the first time since the COVID-19 pandemic began that the CPI inflation has come within the RBI s target inflation range of 2-6%. What remains to be seen is if the downward trajectory in food prices continues during CY21. In any case, we do not expect any further monetary easing and the RBI is likely to continue to manage domestic liquidity in a calibrated manner, it said. ....

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