RBI news

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %.Repo rate is the rate at which the RBI lends money to commercial banks.Now,…

The Indian banking sector, including NBFCs (non-banking financial corporations), 'continues to be resilient (and) strong', Reserve Bank of India governor Shaktikanta Das said Wednesday morning, in an apparent reference to concerns over…

In his monetary policy address, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday announced a pilot project wherein a QR code-based coin vending machine will be launched for customers to draw coins through UPI payment…

The Reserve Bank has raised rates aggressively this year to tame inflation.  | Photo Credit: Reuters Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and…

Reserve Bank of India governor Shaktikanta Das said this week that allowing private cryptocurrencies to grow would lead to the next financial crisis. He also reiterated the central bank’s call for a total ban, claiming that such instruments…

In the consecutive fifth hike this year, the RBI’s Monetary Policy Committee on Wednesday raised the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, making loans expensive. The policy rate is now at the highest…

The Reserve Bank of India’s rate-setting panel has revised its forecast for real gross domestic product (GDP) growth downwards to 6.8 per cent. “Even after this revision in our growth projections, India will still remain among the…

The Reserve Bank of India (RBI) on Wednesday raised the policy repo rate by 35 basis points (bps) to 6.25%, downshifting gears from consecutive increases of 50 bps, and scaled down GDP growth hopes for the year to 6.8% from 7%, even as…

India’s central bank reiterated its resolve to fight inflation, while slowing the pace of increase in borrowing costs in a signal it’s nearing the peak rate.The Reserve Bank of India’s six-member Monetary Policy Committee voted 5-1 to…

RBI Policy December 2022 Updates: The decision of the Reserve Bank of India (RBI) Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) will be announced on Wednesday. The central bank is widely seen raising its…