This is the seventh consecutive meeting that the MPC has maintained a status quo on the repo rate. The repo rate, is the interest rate at which banks draw funds from RBI to overcome short-term liquidity mismatches.
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
Mumbai (Maharashtra) [India], April 2: The Economy Observer report presents Dun & Bradstreet's projections for critical economic indicators, accompanied by commentary and insights into the most recent economic trends. As a worldwide provider of business decisioning data and analytics, Du
People in Karachi have been facing the problem of powercut, longer outages, and loadshedding with no respite for consumers in sight during the month of Ramzan.
Amid the staggering economic crisis, Pakistan's biggest challenge now is fiscal consolidation and reforms amid a weak coalition government and political instability stemming from accusations of electoral fraud, the Washington-based Institute of International Finance (IIF) has said, Dawn repo
Governor Das remarked, "The journey of reserve bank over the 9 decades has been one of efficient functioning and contribution to the nations' progress."
After this new hike, the price of petrol surged to PKR 289.41 per litre from the previous PKR 279.75, while the price of high speed diesel (HSD) decreased by PKR 3.32 to PKR 282.24 per litre.
The petrol price is likely to jack up to Pakistani currency (PKR) 289.69 per litre in the next fortnightly review from the current price of PKR 279.75 per litre, as per the estimates of the oil industry.