The next meeting of MPC will take place from October 7 to 9, 2024. Topic: RBI 2. The transaction limits for tax payments through UPI will be increased from ₹1 lakh to ₹5 lakh, as per RBI. Delegated payments through the Unified Payments Interface (UPI) will be introduced. Presentl...
9. Repo rate remained unchanged at 6.50% for the tenth consecutive time. On October 9, it was decided by the Reserve Bank of India to keep the policy repo rate unchanged at 6.50% for the tenth consecutive time. The Monetary Policy Committee (MPC) meeting was held on October 7, 8 and ...
One year ago, the repo rate was 5.9% (September 2022). Despite RBI maintaining the status quo in the last few MPC meets, including the current quarter, the Repo Rate at 6.5% is still high. Even though the real estate sector has remained unaffected and continues performing well, we hope ...
Mumbai, Oct 6:The Reserve Bank of India (RBI), as was widely expected, left the key lending rate unchanged at a fourth policy meeting in a row on Friday with a focus on growth even though inflation is currently above its comfort level. “MPC (Monetary Policy Committee) voted unanimously ...
Since the last meeting of the MPC in October 2017, global economic activity has been gaining momentum through the final quarter of the year, driven mainly by advanced economies (AEs). US growth remained largely resilient to hurricanes and grew at the highest pace in the past three years in ...
This four-day high-level meeting will bring together the world's trade ministers to evaluate the functioning of the multilateral trading system and chart the future of the WTO. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade of the UAE is chairing the conference. ...
The next meeting of the RBI MPC will be held October 4-6. With effect from the fortnight beginning August 12, scheduled commercial banks will maintain ICRR of 10% on the increase in their net demand and time liabilities (NDTL) between May 19 and July 28. ...
2. RBI has kept policy repo rate unchanged at 6.5% in monetary policy review meeting. RBI Bi-Monthly Monetary Policy Committee (MPC) meeting was held on December 6-8, 2023. This is for the fifth time in a row that the MPC has maintained the status quo. ...
The announcement was made by Governor Shaktikanta Das during the Monetary Policy Committee (MPC) meeting on June 7. RBI has continuously implemented measures to promote digital payments and ensure their security to maintain consumer confidence. ...
The Monetary Policy Committee (MPC) met on 4th, 5th and 6th October 2023. RBI has maintained the repo rate steady at 6.5%. It is the fourth time that RBI has kept the repo rate unchanged. The MPC last raised this rate from 6.25% to 6.50% at its meeting in February 2023. ...