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RBI monetary policy

What caused RBI to shift from convention on rate cut

RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be inadequate.

Aug 22, 2019, 11:12 AM IST

Risk burning monetary policy room by 35 bps cut: MPC member

At its last bi-monthly monetary policy review meeting here earlier this month, the Reserve Bank of India's (RBI) MPC voted by a 4:2 margin to cut its repo, or short-term lending rate for commercial banks, by an unprecedented 35 bps to 5.40 per cent.

Aug 22, 2019, 11:06 AM IST

RBI revises GDP growth forecast for 2019-20 to 6.9% from 7.0%

In the MPC’s June resolution, real GDP growth for 2019-20 was projected at 7.0 percent – in the range of 6.4-6.7 percent for H1:2019-20 and 7.2-7.5 percent for H2 – with risks evenly balanced.

Aug 07, 2019, 12:16 PM IST

RBI cuts repo rate by 35 basis points in third bi-monthly monetary policy

The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. This is RBI's second monetary policy after Modi 2.0 took charge in May.

Aug 07, 2019, 11:49 AM IST

RBI's change in stance as good as additional 25 bps rate cut: Shaktikanta Das

While the RBI has cut rates 75 bps since the start of 2019, banks have only eased their key rate by 15-20 bps.

Jul 22, 2019, 10:21 AM IST

RBI second bi-monthly Monetary Policy statement for 2019-20 – Read full text

Here is the full text of RBI's second bi-monthly Monetary Policy statement for 2019-20.

Jun 06, 2019, 13:10 PM IST

RBI cuts repo rate by 25 basis points in first monetary policy after Modi 2.0 takes charge

The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers.

Jun 06, 2019, 11:48 AM IST

RBI's first monetary policy after Modi 2.0 takes charge, likely to go for 35 bps rate cut

It can be noted that since Governor Shaktikanta Das has assumed office, the central bank has cut its key rates by a cumulative 0.50 percent as inflation ebbed.

Jun 06, 2019, 09:26 AM IST

RBI MPC starts discussions on monetary policy review

The central bank has slashed the short-term lending rate (repo rate) by 25 basis points (0.25 percentage points) each in its last two policy reviews.

Jun 03, 2019, 15:58 PM IST

RBI may cut interest rate by at least 25 basis points Thursday: Experts

The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday amidst Narendra Modi-led government starting its second term. The central bank had cut the short-term lending rate (repo rate) by 25 basis points each in its last two policy reviews.

Jun 03, 2019, 10:44 AM IST

RBI likely to keep repo rate unchanged in June: Report

The central bank will also evaluate the implications of policies of the new government for growth and inflation.

May 30, 2019, 10:45 AM IST

India to cut rates in June, but analysts split on if it should: Poll

Under Governor Shaktikanta Das, who took over as RBI governor from Urjit Patel in December last year, the central bank delivered rate cuts at its previous two meetings, in February and April.

May 29, 2019, 10:02 AM IST

RBI likely to cut interest rate again in June; no cut thereafter

In a report on the forecast for global monetary policy actions and resulting economic impact, the London-based global information provider said RBI is likely to tighten its monetary policy stance in early-to-mid 2020.

May 08, 2019, 16:29 PM IST

Home, auto loans set to be cheaper as RBI cuts repo rate by 25 bps to 6%

After the rate reductions, the reversed repo rate stands adjusted at 5.75 percent.

Apr 04, 2019, 11:54 AM IST

RBI to announce first bi-monthly monetary policy of 2019-20 shortly

The Monetary Policy Committee headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around 11.45 today.

Apr 04, 2019, 10:06 AM IST

Growths set to slow down to 6-6.5% in H1 of 19: Nomura

The Reserve Bank under the new governor had last week projected a GDP growth of 7.4 percent for 2019-20--7.2-7.4 percent in first half, and 7.5 percent in the second half.

Feb 20, 2019, 13:10 PM IST

After a surprise rate cut, Das promises more if inflation falls

The surprise 25 basis points rate cut to 6.25 percent is a measure to broad base credit growth across all the sectors of the economy that's gathering more steam now, the governor said.

Feb 08, 2019, 10:01 AM IST

RBI raises collateral-free farm loan limit to Rs 1.6 lakh

The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at a workable policy solution.

Feb 07, 2019, 13:50 PM IST

RBI to ensure adequate liquidity to all sectors

The central bank also cut its estimates on headline inflation.

Feb 07, 2019, 13:45 PM IST

RBI projects 7.4% GDP growth for FY20

The CSO has estimated GDP growth at 7.2 percent for 2018-19.

Feb 07, 2019, 12:43 PM IST