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Tag: Repo Rate

A Maruti Suzuki Dealership
Brace for a costlier auto loan, know why

While the news to hike repo rate by 40 basis points (bps) by the Reserve Bank of India (RBI) is likely to impact a variety of sectors, the automotive sector in particular is worried.

  • Thursday, 05 May 2022
Sensex plummets 1,300 pts as RBI wrongfoots markets; investors lose Rs 6.27 lakh cr
Sensex plummets 1,300 pts as RBI wrongfoots markets; investors lose Rs 6.27 lakh cr

The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as the focus shifts to combating runaway price rise, exacerbated by geopolitical tensions.

  • Wednesday, 04 May 2022
RBI
RBI hikes repo rate by 40 bps to 4.40%

This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate (the rate at which banks borrow from the RBI).

  • Wednesday, 04 May 2022
RBI Guv
Policy Support: RBI MPC Retains Accommodative Stance, Repo Rate

MPC has decided to keep benchmark repurchase (repo) rate at 4 per cent, Das said while announcing the bi-monthly monetary policy review.

  • Friday, 08 April 2022
RBI
RBI Maintains Status Quo For 8th Time; Retains Repo Rate At 4 Pc

RBI had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.

  • Friday, 08 October 2021
RBI
RBI Keeps Key Rates Unchanged: Highlights From Monetary Policy Statement

Mumbai: Maintaining status quo for the second time in a row, Reserve Bank of India on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if the need arises to support the economy hit by the COVID-19 crisis. The benchmark […]

  • Sunday, 11 April 2021
RBI-Guv
RBI Cuts Repo Rate By 40 BPS, Extends EMI Moratorium Period By 3 Months

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 […]

  • Friday, 16 April 2021
Nirmala
FM Asks PSBs To Lend, Not Earn Via Reverse Repo Rate

New Delhi: Finance Minister Nirmala Sitharaman on Friday asked the public sector banks (PSB) to use funds for retail lending and to provide liquidity to the NBFCs instead of parking it with the Reserve Bank of India (RBI). Speaking at an Assocham’s centenary event, Sitharaman asserted that there was a lot talk about there liquidity […]

  • Thursday, 22 April 2021
RBI on cash deposit in ATMS
RBI working group for long term repo ops at market rates

Mumbai: An internal working group (IWG) of the Reserve Bank of India, mandated to review the current liquidity management framework, has recommended the use of long term repo ops at market rates to manage liquidity. Lliquidity management is the operating procedure of monetary policy, which seeks to ensure that sufficient credit is provided to all […]

  • Sunday, 25 April 2021
SBI online payment BHIM app
SBI to Adopt RBI's Repo Rate As External Benchmark

Mumbai: State Bank of India, the countrys largest lender, has decided to adopt RBIs repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans from October 1. The benchmarks to which banks can link the new floating rate retail loans for the purpose of transmission are — RBI’s […]

  • Sunday, 25 April 2021
RBI
RBI cuts interest rate by 35 bps, 4th in row

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 […]

  • Tuesday, 27 April 2021
SBI job notification in May 2019
SBI Reduces Major Lending Rates Effective Today: Must Know Details Now

State Bank of India (SBI), the country’s largest lender, has cut its benchmark lending rates by five basis points, thereby reducing home loan rates. The marginal cost of fund-based lending rate (MCLR) now stands at 8.40 per cent for the one-year tenor, down from 8.45 per cent, effective from today. In the current financial year, […]

  • Wednesday, 28 April 2021
SBI job notification in May 2019
SBI to link home loans to repo rate from July

Mumbai: After linking its short-term loans and large savings deposits rates to the repo rate, the largest lender State Bank Friday said it will introduce repo-linked home loans from July. The lender has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs 1 lakh, after the RBI […]

  • Friday, 30 April 2021
RBI1
RBI's booster dose expected; target 150-200 bps cut in FY20

New Delhi/Mumbai: Further monetary policy easing is expected as the economy struggles with a demand downturn, liquidity constraint and a high finance cost, sources said on Friday. It is learnt that Reserve Bank of India would stick with its stance and further lower the repo rate, which will in turn reinvigorate consumer sentiment and shore […]

  • Friday, 30 April 2021
SBI jobs 2019 specialist cadre posts
SBI links interest rates to RBI's repo rate

Mumbai: Public sector lender State Bank of India (SBI) on Wednesday became the first Indian bank to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as the effective interest rate from May 1 on savings deposit above Rs 1 lakh will come down […]

  • Saturday, 01 May 2021
RBI1
RBI to buy Rs 25,000 crore worth govt securities in May

Mumbai: Further addressing the liquidity concerns in the country, the Reserve Bank of India on Tuesday said it will buy government securities worth Rs 25,000 crore next month through two auctions of Rs 12,500 crore each. Open market operations (OMOs) are conducted by the RBI by sale or purchase of government securities (g-secs) to regulate money […]

  • Saturday, 01 May 2021
RBI
RBI cuts repo rate by 0.25 pc to 6%

Mumbai: The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation. The central bank, however, kept monetary policy stance at ‘neutral’. In the second policy review under Governor Shaktikanta Das, the […]

  • Sunday, 02 May 2021
rbi-building_06687438-6946-11e8-8033-47bccc77d658
RBI hikes repo rate by 25 basis points to 6.25%

Mumbai: Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said. “Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stands adjusted to 6.0 per cent, and […]

  • Wednesday, 07 July 2021
rbi
RBI holds repo rate at 6% for 4th straight policy review

Mumbai: The RBI on Thursday maintained the status quo on its key short-term lending rate at 6 per cent, along with its ‘neutral’ stance, at the first bi-monthly monetary policy review of the new fiscal, in line with what was being widely expected. This is the fourth policy review in succession that the Reserve Bank […]

  • Wednesday, 07 July 2021
RBI keeps repo rate unchanged at 6 pc

Mumbai: In its penultimate monetary policy review of the fiscal, the Reserve Bank of India (RBI) on Wednesday maintained status quo on its key lending rates citing concerns over the rising trajectory of inflation. The central bank said its repurchase rate, or the short-term lending rate for commercial banks, has been maintained at 6 per […]

  • Tuesday, 06 July 2021
RBI maintains status quo; cuts growth forecast to 6.7% in FY18

Mumbai: The Reserve Bank today kept interest rate unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal. Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent. The reverse repo, at […]

  • Tuesday, 06 July 2021
RBI may opt for status quo on rates

Mumbai: The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged in its next monetary policy review on Wednesday, in view of the consumer price index (CPI) inflation in August shooting up to 3.36 per cent, according to latest official data. While core inflation in August rose to 4.6 per […]

  • Tuesday, 06 July 2021
The Reserve Bank of India logo is pictured outside its head office in Mumbai
RBI cuts key rate by 0.25%; to lower home, auto EMIs

Mumbai: The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first rate cut since October 2016 and the interest rate is now at 6-year low. In line […]

  • Monday, 28 June 2021
RBI rate cut necessary for sustained growth: DEA

New Delhi: Welcoming the 25 basis points cut in the repo rate by the Resxerve Bank of India, the Department of Economic Affairs (DEA) on Wednesday said the step was necessary to converge toward appropriate real monetary conditions for India’s sustained growth. “We have taken note of the statement of the MPC (Monetary Policy Committee) and […]

  • Monday, 05 July 2021
RBI expected to cut key interest rate on Wednesday

Mumbai: With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday. At its second bi-monthly monetary policy review of the fiscal on June 7, the RBI […]

  • Monday, 05 July 2021
RBI
RBI keeps key interest rates unchanged

New Delhi: The Reserve Bank of India (RBI) Tuesday decided to keep key interest rates unchanged in its sixth bi-monthly policy review. The apex bank kept the repo rate, or the interest that banks pay when they borrow money from the RBI to meet their short-term fund requirements, unchanged at 7.75 percent. The reverse repo […]

  • Monday, 21 June 2021
RBI
RBI cuts interest rate by 25 bps

Encouraged by softening inflation, the RBI today decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent with a view to boost growth

  • Sunday, 27 June 2021
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