RBI cuts repo rate by 25 bps to 6.25%; Governor announces additional measures
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday.
The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday with a majority of 4:2 decided to keep the repo rate unchanged at 6.5 per cent and keep the ‘Neutral’ stance.
The three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.
The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday.
Dhiraj Relli, MD and CEO, HDFC Securities said while they do not expect the RBI to start its rate cut cycle, the possibility of a change in stance to neutral is on the table.
The six-member committee began deliberations on interest rates and analysing the state of the economy amid tensions in the Middle East. The RBI Governor will announce the MPC decision on October 9.
The Reserve Bank of India (RBI) is set to begin its three-day monetary policy meeting on Monday and will run from October 7 to October 9.
The year-on-year inflation rate (3.65 per cent), based on the All India Consumer Price Index (CPI), for the month of August was the second lowest in the last five years.
