MUMBAI: RBI governor Sanjay Malhotra said he was more concerned about the impact of tariffs on growth rather than inflation, given the constraining effect of US President Donald Trump‘s levies on the global economy.“First and foremost, uncertainty in itself dampens growth by affecting investment and spending decisions of businesses and households. Second, the dent on…
Market experts indicate continued volatility until clarity emerges regarding US tariffs. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Wednesday ahead of RBI’s monetary policy review. While BSE Sensex dipped over 350 points, Nifty50 was below 22,450. At 9:16 AM, BSE Sensex was trading at…
MUMBAI: RBI began its rate-cutting cycle in Feb with a 25 basis point reduction in the repo rate, but deposit rates have largely remained unchanged. While banks have passed on the benefit to home loan borrowers, the impact on depositors has been limited.According to RBI data, the weighted average domestic term deposit rate (WADTDR) stood…
Economists and market analysts widely expect the RBI to cut the repo rate by 25 basis points. RBI MPC meet date, time: The Reserve Bank of India (RBI) governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is meeting this week to deliberate on repo rate, liquidity conditions in the economy, CPI inflation and GDP growth outlook…
RBI MPC meet: This is the first time in five years that the RBI’s MPC has decided to cut the repo rate. RBI MPC meet: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points. After…
MUMBAI: RBI’s monetary policy committee began its meeting on Wed and is expected to end its longest pause with a rate cut on Friday, the first in nearly five years.The last rate cut was in May 2020 when RBI lowered the repo rate to 4% to support the economy during the Covid-induced lockdown. It later…
What was RBI’s policy rationale for keeping the repo rate unchanged? RBI MPC meeting: The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday decided to keep the key repo rate unchanged at 6.5% by a 4:2 majority. The decision to keep the repo rate at status quo comes at a time when the…
HDFC Bank has increased lending rates by 5 bps on the 6-month and 3-year tenures. HDFC Bank Loan Rates: HDFC Bank has raised its marginal cost of funds-based lending rates (MCLR) on two tenures by a maximum of 5 basis points (bps). Following the adjustment, HDFC Bank’s MCLR interest rates will range from 9.10% to…
NEW DELHI: There is not likely to be any impact on loan EMIs as the Reserve Bank of India‘s monetary policy committee had decided to keep the repo rate unchanged at 6.5%.“The monetary policy committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF)…
