Search For "mpc"
RBI reschedules August meeting of Monetary Policy Committee
Updated : 3 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 21 (ANI): The Reserve Bank of India (RBI) on Thursday announced a change in the date of the upcoming meeting of the Monetary Policy Committee, which will take the decisions on policy rates.
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What is Monetary Policy Committee, and what is its function?
Updated : 3 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The MPC, or the Monetary Policy Committee under the Reserve Bank of India is a six-member body that is mandated to determine the policy interest rates required to achieve the inflation target, while keeping in mind the objective of economic growth.
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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RBI proposes to link credit cards to UPI platform
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the Unified Payments Interface (UPI) platform.
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Sensex tumbles 205 points as RBI increases policy repo rate
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): Indian stock market's benchmark Sensex opened 205 points down on Wednesday as the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 4.9 per cent.
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RBI likely to hike policy interest rates; raise inflation forecast today
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 8 (ANI): The Reserve Bank of India (RBI) is likely to hike the policy repo rate by 40 basis points to 4.80 per cent on Wednesday and increase the inflation forecast for the current fiscal to above 6 per cent from its earlier projection of 5.7 per cent, a
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RBI set to hike policy interest rates; raise inflation forecast on June 8
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 7 (ANI): The Reserve Bank of India (RBI) is set to hike the policy repo rate by 40 basis points to 4.80 per cent on Wednesday and increase the inflation forecast for the current fiscal to above 6 per cent from its earlier projection of 5.7 per cent, accordi
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RBI likely to hike policy repo rate by 0.40 per cent next week
Updated : 3 years, 9 months ago IST
New Delhi [India], June 4 (ANI): Amid inflationary pressure in the economy, the Reserve Bank of India is likely to raise the policy repo rate by 40 basis points next week and hike it further by 0.35 per cent in August taking it to the pre-pandemic level of 5.15 per cent, according to economi
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Maharashtra Congress General Secretary resigns ahead of Rajya Sabha polls
Updated : 3 years, 9 months ago IST
Nagpur (Maharashtra) [India], May 31 (ANI): The Ex-MLA from Maharashtra's Katol, Ashishrao R Deshmukh resigned from his post of General Secretary of the Maharashtra Pradesh Congress Committee (MPCC) on Tuesday, ahead of the Rajya Sabha polls.
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RBI's repo rate hike part of synchronised event globally: Finance Minister
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 7 (ANI): Union Finance Minister Nirmala Sitharaman on Saturday said the recent decision of the Reserve Bank of India (RBI) to hike key policy interest rates is a part of the synchronised event by the central banks globally.
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RBI hikes repo rate by 0.40 per cent, cites inflation worries
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): The Reserve Bank of India's Monetary Policy Committee in an unscheduled meeting on Wednesday unanimously decided to increase the policy repo rate by 40 basis points to 4.40 per cent with immediate effect citing inflation worries.
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RBI raises repo rate by 40 basis points to 4.40 pc with immediate effect
Updated : 3 years, 10 months ago IST
Mumbai (Maharashtra) [India], May 4 (ANI): In a surprise move, the Reserve Bank of India (RBI) on Wednesday increased the policy repo rate by 40 basis points to 4.40 per cent with immediate effect.
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