Bank linked their lending rates with repo rates on various term loans and this change in the repo rate will have an impact on the equated monthly instalment (EMIs) of citizens.
FICCI said this pragmatic approach of RBI will nurture growth and PHD Chamber said calibrated approach to maintain economic growth would be vital to attract investments as inflation is cooling down significantly.
As per sources, the protesting students have warned the university administration that their protest will continue, until the demands are met, meanwhile, the administration's argument is that the doors are still open for talks.
The inflation trajectory has largely evolved in line with the outlook given by us in June 2022, Shaktikanta Das said, adding that going forward, food inflation is likely to moderate with the usual winter softening and the likelihood of a bountiful rabi harvest.
The Monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 35 basis points to 6.25 per cent with immediate effect.
The Delhi government's Directorate of Education on Tuesday suspended the recognition of Delhi Public School, Sector-24, Rohini for non-compliance with fee hike rules.
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
The Chhattisgarh assembly on Friday unanimously passed two amendment bills hiking reservation in admissions and government jobs in the state for the Other Backward Classes (OBCs) and Scheduled Caste (SC) communities, in line with the proportion of their populations.
All India Anna Dravida Munnetra Kazhagam (AIADMK) on Friday staged a hunger protest against price rise, power tariff hikes, property tax hikes in Coimbatore.
With central banks across nations amid an interest rate hike cycle, India performing better than the US, and UK, standing out like an "oasis in this era of uncertainty", says latest study by SBI Research.