March 03, 2025 12:16 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Crucial to have Trump’s support, says Zelenskyy a day after fiery White House exchange | 'We're looking for peace, Zelenskyy wants Russia-Ukraine war to continue': Donald Trump after White House public spat | Volodymyr Zelenskyy refuses to apologise to Donald Trump after public spat over Russia-Ukraine war | 'Make a deal or we are out': Donald Trump tells Volodymyr Zelenskyy at White House | Himachal govt seeks fund from temple to support welfare schemes, BJP calls move 'shocking' | Injustice to opposition MLAs: Atishi writes to Delhi Assembly Speaker on suspension of 21 AAP lawmakers | We will leave for US tomorrow: Father of Indian student Neelam Shinde after urgent visa grant | 'Not joining BJP or floating any party': Abhishek Banerjee dismisses rumours of his split from TMC | Pune bus rape accused arrested after 75-hour manhunt | Finance Secretary Tuhin Kanta Pandey appointed as new SEBI chief
Lending rates
Image Credit: wikipedia.org

RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday

| @indiablooms | Apr 06, 2023, at 05:57 am

Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.

Governor Shaktikanta Das will speak to the media at noon on Thursday, following a series of meetings by the Monetary Policy Committee on April 3, 5, and one more day of discussions on April 6.

These meetings are held six times a year to assess the central bank's monetary policy.

The announcement on Thursday may be the first increase of the new fiscal year and the second increase of the calendar year, with the RBI having already raised the rate by 25 basis points in February according to media reports.

In order to curb demand in the economy, the committee is expected to raise the rate, keeping an eye on inflation, reports added.

Stakeholders are closely monitoring these meetings, as nearly every central bank is grappling with rising inflation and the possibility of a mild recession.

However, according to SBI Research's latest Ecowrap report, the RBI is expected to pause its interest rate hike and the current 6.5 percent repo rate could be the terminal rate for now. The report asserted that the RBI has enough reasons to pause the repo rate hike in the April meeting.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm