Aug 8, 2024:The Reserve Bank of India (RBI), on expected lines, kept its key interest rates unchanged at 6.5%. This, say real estate experts, augurs well for both homebuyers and developers, as this would ensure home loans remain steady and borrowing costs don’t move up. Rea...
2025. This marks the first reduction in the repo rate by the RBI since 2020. The repo rate is the interest rate at which the RBI lends money to commercial banks for their short-term liquidity requirements.
After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept benchmark rate unchanged as global banking woes added uncertainty to the economic outlook.Published on: 06 Apr 2023, 5:17 am Mumbai | After raising interest...
4thReset of RBI Floating Rate Bond happened on 1stJuly 2022. The NSC rates remained unchanged over the past six months at 6.80%. So with +0.35% spread, the RBI floating rate bond interest rate remained at7.15%. This was applicable for the period from January to June 2022 (Linkon RBI we...
The benchmark interest rate was last changed by the MPC in February 2023. The Monetary Policy Committee (MPC) also decided to stay focused on withdrawal of accommodation. The MPC took this decision by a majority of 4 out of 6 members. The MPC met on 6th, 7th and 8th August, 2024. ...
Interest rates on loans linked to themarginal cost of fund-based lending rate (MCLR)may also decline, though full transmission may take time. 2. Impact on the Banking Sector A reduction in repo rates leads tolower interest income for banks. ...
2. India has succeeded in bringing the rate of extreme poverty below 3% of its population, according to data from the World Poverty Clock. The percentage of the population living in extreme poverty has decreased from 3.3% in 2022 to 2.4% in 2024. ...
India keeps interest rate unchanged amid rising inflation risks and a slowing economy India's central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia's third-largest economy. ...
“As today’s CPI inflation print fell within the tolerance band and the tracker indicates that we are drifting closer to the 4 percent target by March 2025, we expect the RBI MPC to cut the policy repo rate by 25 basis points on February 7”, Aastha Gud...
Banking expert V Viswanathan said the increase in the net interest margin on account of the CRR cut might be nullified by the increase in the interest rate ceiling on FCNR deposits that banks may offer now. Sachin Sachdeva, Vice Pr...