RBI to announce key interest rate decision tomorrow morning as 3-day MPC ends
Dec 06, 2024, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
RBI's MPC meeting begins amid inflation worries
Dec 04, 2024, at 10:59 pm
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting in Mumbai today to review the country's policy rate.
RBI MPC meeting: Central bank keeps repo rate unchanged at 6.5%, stance changed to 'neutral'
Oct 09, 2024, at 06:43 pm
New Delhi/IBNS: The Reserve Bank of India's (RBI) reconstituted Monetary Policy Committee (MPC), which met from October 7 to 9, announced on Wednesday (Oct. 9) that it would keep the benchmark repo rate unchanged at 6.5 percent.
Govt to appoint new external members to RBI MPC ahead of crucial rate meeting in October: Report
Aug 23, 2024, at 09:09 pm
New Delhi/IBNS: The Government of India will appoint new external members to the Reserve Bank of India’s (RBI) monetary policy committee (MPC) by October at the latest ahead of a crucial meeting in which the MPC will face pressure to cut interest rates, Bloomberg reports, citing people familiar with the matter.
Market experts divided on RBI's choice to maintain key policy rate
Feb 09, 2024, at 06:12 am
New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.
RBI's MPC Committee airs concern about trends in food inflation
Dec 23, 2023, at 04:29 am
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
RBI's MPC meeting starts amid anticipations of status quo on key interest rate
Dec 07, 2023, at 06:34 am
Mumbai: As the Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) on Wednesday, expectations are high that the Central bank will adhere to the current state of affairs regarding the repo rate, opting to retain it at 6.5%.
Oct 07, 2023, at 06:05 am
Mumbai: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced it will maintain the repo rate at 6.5 percent for the fourth consecutive time.
RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say
Jun 09, 2023, at 07:46 am
Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.
RBI's MPC panel likely to maintain status quo on key policy rate in June meeting
Jun 05, 2023, at 05:30 am
Mumbai: The Reserve Bank of India is likely to maintain a status quo over the policy stance in the June policy review as well, opine experts.
RBI announces dates for first MPC meeting for FY24
Mar 25, 2023, at 06:03 am
Mumbai/IBNS: The Reserve Bank of India on Friday released the schedule of the meeting of its Monetary Policy Committee (MPC) for the upcoming financial year (FY24).
RBI increases repo rate by 50 basis points
Sep 30, 2022, at 03:52 pm
Mumbai: RBI Governor Shaktikanta Das on Friday said the central bank's Monetary Policy Committee (MPC) has hiked the repo rate by 50 basis points (bps).
RBI policy rate hike: Experts react
Jun 08, 2022, at 09:03 pm
Mumbai: Reserve Bank of India's hike in repo rate by 50 basis points (bps) to 4.90 percent is an expected move amid the current inflationary pressures and more hikes can follow in the subsequent months, said experts.
RBI likely to keep rates unchanged in bimonthly policy meeting
Feb 05, 2020, at 07:50 pm
New Delhi/UNI: The Reserve Bank of India is likely to keep repo rates unchanged at 5.15 per cent at its bimonthly policy meeting on Thursday, as the country battles rising inflation and slowing economy.
RBI cuts repo rate by 25bps to 5.15%, GDP growth cut to 6.1%
Oct 04, 2019, at 12:48 pm
Mumbai: The RBI on Friday reduced the repo rate by 25 basis points to 5.15% from 5.40% in the fourth bi-monthly policy review.
Reserve Bank of India hikes key rate 25 bps to 6.50 percent
Aug 01, 2018, at 03:51 pm
Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) increased its repo rate for the second straight meeting on Wednesday, keeping a “neutral” stance with a view to containing inflation but not affecting growth.
RBI hikes repo rate by 25 basis points to 6.5 per cent for the second time
Aug 01, 2018, at 03:00 pm
Mumbai, Aug 1 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday raised the repo rate by 25 basis point to 6.5 per cent, reports said.
MPC reiterates its commitment to achieve medium-term target for headline inflation of 4 per cent
Jun 06, 2018, at 03:50 pm
Mumbai, Jun 6 (IBNS): The Reserve Bank of India, on Wednesday, announced that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25 per cent.
RBI hikes repo rate by 25 bps, first time in four and half years
Jun 06, 2018, at 03:28 pm
Mumbai, Jun 6 (IBNS): The monetary policy committee (MPC) of the Reserve Bank of India (RBI), headed by Governor Urjit Patel, on Wednesday, decided to hike the repo rate by 25 basis points, according to its Second Bi-monthly Monetary Policy Statement.
RBI says second bi-monthly meeting of Monetary Policy Committee advanced to June 4
May 17, 2018, at 08:41 pm
Mumbai, May 17 (IBNS): The Reserve Bank of India (RBI) has advanced the Monetary Policy Committee (MPC) meeting by a day to 4 June, 2018, accordin to a release issued by the central bank.
With moderate vegetable prices in March, MPC projects Q4 inflation to be 4.5 per cent
Apr 05, 2018, at 09:34 pm
Mumbai, Apr 5 (IBNS): The Reserve Bank of India (RBI), on Thursday, said that on the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at six per cent.
Feb 07, 2018, at 09:43 pm
Mumbai, Feb 7 (IBNS): The Monetary Policy Committee (MPC) of the Reserve Bank of India, on the basis of an assessment of the current and evolving macroeconomic situation, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6 per cent.
Excerpts from Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of RBI MPC
Aug 02, 2017, at 10:08 pm
Mumbai, Aug 2 (IBNS): The Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India was published after the MPC held its third review meeting on Wednesday in Mumbai.
Central govt welcomes repo rate cut by MPC says DEA Secretary Subhash Chandra Garg
Aug 02, 2017, at 09:52 pm
New Delhi, Aug 2 (IBNS): The Central government has welcomed the 25 basis points cut in the repo rate announced on Wednesday by the Monetary Policy Committee (MPC), said Secretary, Department of Economic Affairs (DEA), Subhash Chandra Garg.
RBI cites inflation and global uncertainty for keeping rates unchanged
Feb 08, 2017, at 10:06 pm
Mumbai, Feb 8 (IBNS): The Reserve Bank of India (RBI) kept its repo rate, the rate at which RBI lends money to commercial banks, unchanged at 6.25 per cent, at its monetary policy meeting on Wednesday.
RBI keeps repo rate unchanged, receives mixed reviews
Dec 08, 2016, at 12:37 am
Mumbai, Dec 7 (IBNS): The Reserve Bank of India's (RBI's) decision to stick to its old repo rate garnered mixed reviews from the markets.
RBI keeps repo rate unaffected at 6.25 per cent
Dec 07, 2016, at 08:59 pm
Mumbai, Dec 7 (IBNS) : Contrary to the expectations of many, Reserve Bank of India Governor Urjit Patel left the repo rate unchanged in the first policy meeting post demonetisation, reports said.