Tag: Monetary Policy Committee

Mumbai: The Indian equity markets traded on a flat-to-positive note during the early-morning trade session on Tuesday, as caution prevailed ahead of the Reserve Bank of India’s Monetary Policy Committee (MPC) meet. According to market observers, other factors such as low volumes in the highly expensive market conditions eroded investors’ risk-taking appetite. The 30-scrip Sensitive […]

Mumbai: The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to boost the slowing economy. The six-member monetary policy committee (MPC) also maintained the accommodative stance on the monetary policy. Noting that inflation is currently projected to […]

Mumbai: To reverse the consumption slowdown and shore-up growth, the Reserve Bank of India on Friday reduced key lending rates for the fifth consecutive time. Accordingly, the the RBI’s monetary policy committee (MPC) in its fourth policy review of the current fiscal reduced the repo, or short term lending rate for commercial banks, by 25 […]

New Delhi: With the second-quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent. In its October monetary policy, the RBI had estimated the GDP to grow at 6.1 […]

Mumbai: To mitigate the economic impact of COVID-19 outbreak, the Reserve Bank of India (RBI) on Friday again reduced the key lending rates by 40 basis points. Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 40 basis points to 4 per cent from 4.40 per […]