The Reserve Bank of India is rolling out aggressive monetary easing to revive consumption and investment in the economy, but the payoff hinges on whether banks ramp up credit and companies want to take on more debt in uncertain economic conditions. The Reserve Bank of India on June 6, 2025 cut its key repo rate […]
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Private sector HDFC Bank reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenure. File. | Photo Credit: Reuters State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the rate reduction by the […]
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Moreover, a surge in the domestic markets supported the rupee at lower levels, with both the indices settling with gains of over 1%. File | Photo Credit: Reuters The rupee pared initial losses and appreciated 11 paise to close at 85.68 (provisional) against the U.S. dollar on Friday (June 6, 2025), after the Reserve Bank […]
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File photo of SBI group chief economic adviser Soumya Kanti Ghosh. Mr. Ghosh recently said RBI should consider decoupling from the U.S. Federal Reserve. | Photo Credit: The Hindu The RBI should “pause and think” if it can continue mirroring the U.S. Federal Reserve “stroke by stroke” in terms of rate hikes or decouple from […]
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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 Governor Shaktikanta Das exuded confidence about the economy being resilient and asserted […]
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The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take it to a three-year high of 5.9%, say experts The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take […]
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The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take it to a three-year high of 5.9%, say experts The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take […]
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A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points Auto, home and personal loans have become costlier with […]
Continue ReadingThe RBI’s decision to raise the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants. The RBI on Wednesday raised the key benchmark rate by 50 basis points (bps). Property consultancy firms Anarock, Knight Frank India, JLL India, Colliers India, India Sotheby’s […]
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With the RBI’s increased consumer price inflation estimate, Shaktikanta Das says it is in the Centre’s hands to decide what supply-side measures to take to tackle the price rise. With the RBI’s increased consumer price inflation estimate, Shaktikanta Das says it is in the Centre’s hands to decide what supply-side measures to take to tackle […]
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