RBI MPC | Zee News

Advertisement

RBI MPC News

10 Aug 2023

RBI Projects GDP Growth At 6.5% For FY 2023-24, Inflation To Peg At 5.4%

On inflation, the governor said the spike in vegetable prices, led by tomatoes, would exert sizeable upside pressures on the near-term headline inflation trajectory.

22 Jun 2023

RBI Members Diverge On Further Rate Hikes As Growth Risks Emerge

The Reserve Bank of India (RBI) kept its key lending rate steady for a second straight meeting on June 8, as widely expected, but signalled monetary conditions will remain tight for some time as it looks to further curb inflationary pressures.

20 Apr 2023

RBI MPC's Fight Against Inflation Not Yet Over: Governor At MPC Meeting

In his remarks at the MPC meeting, Das said the cumulative impact of monetary policy actions over the last year is still unfolding and needs to be monitored closely.

RBI Inflation Projection

06 Apr 2023

RBI Cuts India's Inflation To 5.2 % For FY 2023-24

Retail inflation has remained above the RBI's upper tolerance level of 6 per cent for two months and in February it was 6.44 per cent.

02 Apr 2023

RBI Likely To Hike Benchmark Interest Rate By 25 bps On Apr 6

RBI MPC meeting is scheduled on April 3, 5, and 6. RBI Likely To Hike Benchmark Interest Rate By 25 bps. RBI already increased the repo rate by 250 basis points since May.

12 Mar 2023

Inflation Expected To Come Down Over The Year: RBI MPC Member Ashima Goyal

"Inflation rates are expected to come down over the year," RBI MPC Member Ashima Goyal told PTI in a telephonic interview.

RBI monetary policy 2023

08 Feb 2023

RBI MPC Meet Concludes Today - Here are 5 Key Takeaways

RBI increases Repo rate by 25 basis points to 6.50%. MPC took the decision with the majority vote of 4 against 2 in the meeting between February 6-8. Earlier, RBI MPC hiked repo rate by 35 bps in December 2022.

30 Oct 2022

RBI will submit report to Govt on failure to keep inflation below 6 per cent

RBI will submit failure report to Govt first time since the implementation of law. RBI needs to submit if it fails to keep the inflation below six per cent for 3 consecutive quarters. The RBI has been aggressively raising the key interest rate since May in a bid to contain inflation.

Reserve Bank of India

08 Jun 2022

RBI raises FY23 inflation projection to 6.7% from 5.7%

RBI upped the inflation projection to 6.7 per cent for current fiscal year. In April, RBI had projected retail inflation at 5.7 per cent for 2022-23. The Reserve Bank has the mandate to keep retail inflation at 4 per cent.

RBI monetary policy

08 Jun 2022

UPI to get a big boost! Credit card users can now send money via UPI

So far, customers are allowed to use UPI transactions by linking savings or current accounts through users' debit cards. The new arrangement is expected to provide more avenues and convenience to the customers. At present, there are more than 26 crore UPI users in the country.

Reserve Bank of India

05 Jun 2022

RBI could increase rates in upcoming MPC meeting, say experts

Governor Das-headed MPC will meet for three day beginning Monday. The decision taken during the meeting will be announced by the governor on Wednesday. The wholesale price-based inflation has remained in double digits for 13 months.

Reserve Bank of India

22 Apr 2022

Monetary Policy Committee members express concerns over inflation at MPC meet

The central bank's MPC has six members, including the governor. Das opined that the current geopolitical situation has led to an upward revision of RBI's inflation projections for 2022-23.

RBI Monetary Policy Committee

06 Feb 2022

RBI likely to maintain status quo in policy rate next week, say experts

The next bi-monthly monetary policy is scheduled to be announced on Wednesday. The policy meeting is at the end of three-day deliberations of the MPC beginning Monday. There will be no change in the repo rate this time even though a 50 basis points hike is expected next year, Bank of Baroda's Sabnavis said.

01 Aug 2021

RBI monetary policy committee to meet on August 4-6

The RBI Governor-headed six-member MPC decides on the key policy rates. The panel had left the rates unchanged last time citing concerns on inflation. Shriram Transport Finance Managing Director and CEO Umesh Revankar too said the central bank will keep the repo rate at the present level despite higher inflation.

05 Jun 2021

Good news for homebuyers! Home loan interest rates to remain at all time low

The low home loan interest rate is definitely going to benefit homebuyers in the near future. The COVID pandemic has adversely affected the real estate sector in the last two months and for economic recovery, the RBI has maintained the repo rate unchanged at 4% and reverse repo rate at 3.35%. The Central bank has also decided to maintain an ‘accommodative stance’ as long as necessary to mitigate the impact of the COVID-19 pandemic.

Domestic fuel prices

29 May 2018

Fuel prices to weigh on RBI's MPC 3-day meet from June 4

This is the first time that the Monetary Policy Committee will meet for three days due to "administrative exigencies".

30 Oct 2017

RBI likely to cut rates in Dec 6 policy review: Report

The core Consumer Price Index (CPI) based inflation, adjusted for house rent allowance is moderating, and the HRA impact (post 7th Pay Commission), is largely "statistical", it said.

RBI monetary policy

02 Oct 2017

Govt expects RBI to cut rate amid slowdown

In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks.

10 Apr 2017

RBI may go for 0.25% rate cut in August: Report

The monetary policy committee of the Reserve Bank of India is expected to cut policy rates by 0.25 percent in August on weak growth and benign inflation, says a Bank of America Merrill Lynch (BofAML) report.

Monetary Policy Committee

22 Sep 2016

Govt appoints 3 members to interest-rate setting Monetary Policy Committee

The government on Thursday appointed three members to the interest-rate setting Monetary Policy Committee (MPC) for four years.

Loading...

NEWS ON ONE CLICK