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Latest from monetary policy

RBI hikes policy rate to 4.9%

The latest hike, which comes after an unscheduled 40 basis point hike in May, has taken the repo rate to 4.9%, the highest since February 2020, when it was at 5.15%.
The Reserve Bank of India (PTI)
The Reserve Bank of India (PTI)
Published on Jun 08, 2022 11:49 PM IST

RBI Monetary Policy: 4.9% repo rate, 6.7% projected inflation, and more numbers

RBI Monetary Policy Meet: Apart from increasing repo rate by 50 basis points to 4.9%, the RBI also said projected inflation for this fiscal year is 6.7% and projected real GDP growth stays at 7.2%.
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das during a press conference at RBI headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo/Shashank Parade)(PTI)
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das during a press conference at RBI headquarters, in Mumbai, Wednesday, June 8, 2022. (PTI Photo/Shashank Parade)(PTI)
Updated on Jun 08, 2022 02:29 PM IST

Inflation to hover around 6.7% for 2022/23, well above RBI's target band

RBI Monetary Policy Meet: Monetary Policy Committee hiked the policy repo rate by 50 basis points - a second hike in two months after May's off-cycle meeting increased the rate to 4.4 per cent.
It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining food prices.(MINT_PRINT)
It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining food prices.(MINT_PRINT)
Updated on Jun 08, 2022 11:04 AM IST

RBI likely to hike policy repo rate by 40-50 basis points, banks cautious

As many as seventeen of the 41 economists who participated in a Bloomberg poll expect the central bank's Monetary Policy Committee (MPC) to announce a rate hike of 50 basis points, while another 11 expect an increase of 40 basis points.
 (AFP)
(AFP)
Updated on Jun 08, 2022 09:34 AM IST
By, New Delhi

Card-less cash withdrawal to be made available at all ATMs: RBI

Under the card-less cash withdrawal facility, a customer is not required to use his/her debit or credit cards while withdrawing cash from ATMs.
At present, the facility of card-less cash withdrawal through ATMs is limited only to a few banks.(HT/ PHOTO)
At present, the facility of card-less cash withdrawal through ATMs is limited only to a few banks.(HT/ PHOTO)
Published on Apr 08, 2022 12:45 PM IST
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