The Reserve Bank of India, in its first monetary policy review meeting in 2023-24, decided to keep the key benchmark interest rate - the repo rate - unchanged at 6.5 per cent.
Reserve Bank of India's Deputy Governor also said that next week, deliberations would be starting for the next policy review to be announced in the first week of December and will have to depend on inflation data for October and growth data for July-September coming out on November 30.
New Delhi [India], August 5 (ANI): Indian stocks traded largely steady this morning ahead of the Monetary Policy statement of the Reserve Bank of India Governor Shaktikanta Das scheduled at 10 a.m., where he will announce the outcomes of the latest monetary policy review meeting.
New Delhi [India], August 4 (ANI): The three-day Reserve Bank of India's monetary policy committee meeting commenced on Wednesday and it is highly likely the six-member panel will go for another interest rate hike to curb rising domestic inflation.
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
Mumbai (Maharashtra) [India], April 11 (ANI): The Indian equities markets benchmark Sensex slumped 325 points on Monday dragged by heavy selling pressure in IT, FMCG and energy stocks.
New Delhi [India], April 9 (ANI): The Reserve Bank of India (RBI) has maintained the policy repo rate at a record low of 4 per cent for almost the past two years in order to support economic growth, hit by COVID-19 pandemic. Although in the first policy review of the current financial yea
Mumbai (Maharashtra) [India], April 8 (ANI): The Indian equities markets benchmark Sensex jumped 412 points on Friday led by a strong buying support in the index heavyweight Reliance Industries as the Reserve Bank of India (RBI) kept key policy rates unchanged in its first monetary policy
Mumbai (Maharashtra) [India], April 8 (ANI): In the first monetary policy review of the financial year 2022-23, the Reserve Bank of India (RBI) on Friday kept key policy interest rates unchanged for the 11th time in a row and sharply raised inflation projection and lowered growth forecast du
New Delhi [India], February 11 (ANI): Real estate sector has welcomed the Reserve Bank of India (RBI) decision to maintain the status quo on key policy rates saying the low-interest rate regime would boost the growth of the housing sector.
Mumbai (Maharashtra) [India], February 10 (ANI): The Indian equities markets benchmark Sensex closed 460 points higher on Thursday after the Reserve Bank of India (RBI) decided to keep repo and reverse repo rates unchanged in the first monetary policy for the 2022 calendar year in order to s
Mumbai (Maharashtra) [India], February 10 (ANI): The Indian equities markets benchmark Sensex rose 459 points on Thursday as the Reserve Bank of India (RBI) decided to keep repo and reverse repo rates unchanged in order to support economic growth.