In the last financial year 2019-20, the Reserve Bank of India first cut repo rates thrice, announcing one cut of 35 bps, and two of 25 bps each, bringing the policy rate down from 6% in April 2019 to 5.15 per cent
On Friday, the RBI kept the repo rate unchanged at 6.5%, spooking the market, which had widely expected an increase of 25 basis points in policy rates.
Even as the domestic currency rupee plunged to a record low, and fell below the 74-mark against the USD for the first time ever, RBI governor Urjit Patel said that rupee fall is moderate in comparison to emerging markets pe
RBI Monetary Policy: Contrary to street expectations, the Reserve Bank of India’s monetary policy committee (MPC) kept repo rate unchanged at 6.5%, while turning hawkish in its stance. We take a look at key resons behind RB
RBI Monetary Policy Announcement Time Today: Reserve Bank of India will release this year’s fourth bi-monthly monetary policy review statement with a decision on repo rate today, after a three-day meeting of the RBI MPC.
RBI Monetary Policy October HIGHLIGHTS: The Reserve Bank of India today kept the repo rate unchanged at 6.5%, surprising the market, which had widely expected a rate hike of 25 basis points.
RBI Monetary Policy: Equity investors are expecting an increase in borrowing costs and want to have plenty of money to deploy when it’s time to invest again.
RBI Monetary Policy: A day before the MPC decision, the rupee hit a new low of 73.76 against US dollar, while crude oil prices were at a 4-year high of $86 a barrel.
RBI has also continued to infuse liquidity through open market purchase of government securities, fiscal year-till date RBI has purchased Rs 50,000 crore worth of government bonds.