RBI Policy

RBI Policy February 2023: The Reserve Bank of India Governor Shaktikanta Das announced a hike in repo rate for the sixth time in a row, by 25 bps to 6.50% ...

It is the interest rate charged by the RBI when commercial banks borrow by selling their securities to the central bank. Basically, it is the interest ...

At present, the reverse repo rate is fixed at 3.35%. This results in RBI charging more interest rate from the banks on loans than it pays them on savings. It is the interest RBI pays commercial banks when they store excess cash reserves. Basically, it is the interest charged by the RBI when banks borrow from it - much like commercial banks charge you interest for a car loan or home loan. It is the interest rate charged by the RBI when commercial banks borrow by selling their securities to the central bank. Monetary policies basically control the overall supply of money available to commercial banks and, indirectly, to individual users and companies.

RBI MPC Meet 2023 Highlights: The Reserve Bank of India hiked its key repo rate by 25 basis points on Wednesday as expected but surprised markets by leaving ...

“The MPC is likely to maintain its stance of “withdrawal of accommodation” and ease the pace of rate increases by RBI hiking rates by 25bps in Feb. Thus, moderation in the pace of repo rate hike is pertinent to keep domestic demand afloat to support the economy.” As the market sentiment in the real estate sector in non-metro markets remains strong, demand is likely to offset the rate increase impact.” “While the MPC’s decision is finely balanced between a pause and a 25 bps hike, we expect the MPC to hike by a last 25 bps to push the real repo rate comfortably into positive. 3QFY23 CPI inflation at 6.1% is around 50 bps lower than RBI’s estimate and 4QFY23 inflation is also likely to be 20-30 bps lower than RBI’s estimate. “The RBI may mildly revise down its inflation forecast for FY24, even as it would re-emphasize the near-term stickiness of core inflation. “The RBI seems to have been more bothered about the high and sticky core inflation for more than a year. This is known to the market and is unlikely to have any meaningful impact on the market. “Given, how well the RBI has controlled inflation in recent months, we anticipate that it will soon align with the government's preference for growth. Inflation for Q4FY23 seen at 5.6%: RBI Guv Shaktikanta Das Optimism regarding FY24 GDP growth and containing the CPI inflation at 5.3% is good news for the equity markets even in the context of unabated selling by FIIs.” “With Repo Rate anchored at 6.5%, benchmark 10-year IGB yield is expected to trade in a range of 7.25 to 7.5% in the medium-term in our view.

India Business News: Meanwhile, the rupee erased most of its early gains and was trading 2 paise higher at 82.68 in the late morning trade.

were trading with gains in the late morning session on Wednesday after the Reserve Bank hiked the key interest rate by 25 basis points and projected better growth. Sensex was higher by 360 points in early deals. According to him, optimism regarding FY24 GDP growth and containing the CPI inflation at 5.3 per cent is good news for the equity markets, even in the context of unabated selling by FIIs. "The highlight of the monetary policy announcement which came on expected lines is the better than expected increase in GDP growth rate for FY24 to 6.4 per cent with sharp upward revision in FY Q1 and Q2 growth rates to 7.8 per cent and 6.2 per cent, respectively," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. In late morning trade, the 30-share Sensex surged 339.53 points or 0.56 per cent to 60,625.57 points, while the broader 50-share Nifty climbed 118.95 points or 0.67 per cent to 17,840.45 points. Equity benchmark indices -- Sensex and Nifty -- which started the day on a positive note on the US Federal Reserve's comments on inflation, remained in the positive territory, with the Sensex consolidating gains above 300 points.

RBI Policy:गौरतलब है कि आरबीआई महंगाई नियंत्रित करने की हर संभव कोशिश कर रहा है।

आरबीआई के गवर्नर शक्तिकांत दास (RBI Governor Shaktikanta Das) ने बताया कि रेपो रेट में 0.25 फीसदी का ...

आज आरबीआई की मॉनिटरी पॉलिसी के एलानों से पहले बैंक निफ्टी के लगभग सभी बैंक शेयर हरे निशान में कारोबार कर रहे थे और बैंक निफ्टी में इसके दम पर उछाल देखा जा रहा था. आरबीआई गवर्नर ने कहा कि वित्त वर्ष 2023 के लिए भारत की जीडीपी का अनुमान 7 फीसदी रखा गया है. रिजर्व बैंक की मौद्रिक नीति समिति की बैठक सोमवार 6 फरवरी को हुई थी और आज 8 फरवरी को इसके फैसलों का एलान कर दिया गया है. इस तरह लगातार 6 बार दरें बढ़ाकर आरबीआई ने कुल 2.50 फीसदी का इजाफा रेपो रेट में कर दिया है और ये 6.50 फीसदी पर आ गया है. भारतीय रिजर्व बैंक ने चालू वित्त वर्ष 2022-23 के लिए जीडीपी की वृद्धि दर (GDP) के अनुमान को 6.8 फीसदी से बढ़ाकर सात फीसदी कर दिया है. रेपो रेट में ये बढ़ोतरी लगातार छठी बार है जब क्रेडिट पॉलिसी में आरबीआई ने इजाफा किया है.