Reserve Bank of India
Commodities Live: India's Retail Inflation Breaches RBI's Tolerance Limit In January, Accelerates To 6.52%
Mon, Feb 13, 2023
The annual retail inflation rate for India rose to 6.52 per cent in January from 5.72 per cent in December, government data showed today. CPI (Consumer Price Index) inflation was above the Reserve Bank of India's upper targeted limit of 6 per cent for the first time in three months. The retail inflation rate for rural and urban India was 6.85 per cent and 6.00 per cent, respectively.
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Repo rate hike effect: PNB raises lending rates by 25 bps; Bank of Baroda's 5 bps hike to be effective from Feb 12
Thu, Feb 09, 2023
Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week
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RBI announces pilot for QR code-based coin vending machine: How it will work?
Thu, Feb 09, 2023
In the latest Reserve Bank of India MPC meeting, RBI Governor Shaktikanta Das, announced that QR code-based coin vending machines in 12 cities soon. This will enhance the ease of access to coins, and distribution of coins using machines.
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India 360: RBI MPC Curbs Arbitrary Penal Interest On Loans For Consumer Protection, Watch This Special Report
Wed, Feb 08, 2023
Today Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. Announcing the monetary policy, RBI Governor Shaktikanta Das said that that it has now been decided that the penalty charge for delay or default in loan repayment will be limited and transparent. RBI said that the penalty imposed by banks or NBFCs cannot be a source of income. Watch this special report on India 360.
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How RBI’s decision to hike repo rate by 25 bps will impact your home loan EMI
Wed, Feb 08, 2023
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points, paving the way for banks and non-banking financial companies to increase interest rates on home, personal and other kinds of loans.
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Aapki Khabar Aapka Fayda: How RBI Repo Rate Hike Will Impact The Consumer? Watch This Special Report
Wed, Feb 08, 2023
Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. This will make all types of loans more expensive. Now the big question is, how good is the 'Wait And Watch' situation for home buyers? How appropriate is loan repayment for those who have taken loans? How RBI repo rate hike will impact the consumer? Watch this special report of Aapki Khabar Aapka Fayda.
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Closing Bell: Sensex hits triple ton, Nifty up 150 points as RBI repo rate hike on expected lines
Wed, Feb 08, 2023
In the 50-stock Nifty50, 38 stocks gained while 12 declined. The top gainers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life and Bajaj Finance while the top losers were Larsen & Toubro, Eicher Motors, Bharti Airtel, Hero MotoCorp and Axis Bank
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Home, personal loan EMIs set to rise as RBI hikes repo rate for 6th in a row - Here's the math behind it
Wed, Feb 08, 2023
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) has raised the repo rate by 25 basis points, paving the way for banks and non-banking financial companies to increase interest rates on home, personal and other kinds of loans.
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RBI MPC: Will it hike repo rate by 25 basis points or hit the pause button?
Mon, Feb 06, 2023
With retail inflation showing signs of softening and the US Fed moderating the pace of increase in its benchmark interest rate, the Reserve Bank is likely to settle for a smaller 25 bps repo rate hike in its forthcoming bi-monthly monetary policy on February 8.
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India’s current account deficit may widen, need to closely monitor: Economic Survey
Tue, Jan 31, 2023
India’s CAD widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher trade gap, according to the latest RBI data.
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RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll
Mon, Jan 30, 2023
The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.
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G20 Summit 2023: India undeniably a global powerhouse, says South Korea
Mon, Jan 30, 2023
In the G20 International Financial Architecture Working Group meeting which began on Monday, participants will discuss ways to enhance the stability and cohesion of the global financial architecture and how to make it fit to address the global challenges of the 21st century.
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Raghuram Rajan warns against shifting to Old Pension Scheme from National Pension System
Thu, Jan 19, 2023
Several state governments like Rajasthan, Chhattisgarh and Punjab have indicated that they will shift to the old pension scheme while Himachal Pradesh too has indicated the same intention.
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