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RBI governor Shaktikanta Das.RBI (File Photo)

Policy rates to remain unchanged? RBI governor Das to announce at 10am

By hindustantimes.com | Written by Karan Manral, New Delhi
UPDATED ON JUN 04, 2021 07:30 AM IST
If the repo rate and reverse repo rate are retained at 4% and 3.35% respectively, this would be the sixth consecutive time that these would have been left unchanged.
2021 has seen a bumper food grain production, which will see a softening of the cereal prices, the MPC noted.
2021 has seen a bumper food grain production, which will see a softening of the cereal prices, the MPC noted.

Repo rate, reverse repo rate remain same, 'local lockdowns could hit demand'

By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON APR 07, 2021 10:34 AM IST
The accommodative stance will be maintained as long as it is required, the RBI governor said, as localised lockdowns could dampen the improvements in the demand conditions.
The committee members comprise four RBI officials and two external experts.(Photo: Mint)
The committee members comprise four RBI officials and two external experts.(Photo: Mint)

RBI drains 2 trillion in a bid to nudge shorter rates higher

Bloomberg |
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.
Reserve bank of India governor Shaktikanta Das announced the decisions of the newly formed Monetary Policy Committee. (File Photo)(REUTERS)
Reserve bank of India governor Shaktikanta Das announced the decisions of the newly formed Monetary Policy Committee. (File Photo)(REUTERS)

RBI Monetary Police: Real GDP likely to decline by 9.5 per cent in 2021, says RBI; keeps lending rates unchanged

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON OCT 09, 2020 03:10 PM IST
“The deep contraction of quarter one is behind us, the silver lining in visible,” the governor said while announcing the policy decisions of the Monetary Policy Committee.
RBI governor Shaktikanta Das (REUTERS/Francis Mascarenhas/File photo)
RBI governor Shaktikanta Das (REUTERS/Francis Mascarenhas/File photo)

RBI Monetary Policy 2020: PMI for September 2020 highest since January 2012, says RBI governor

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Karan Manral
UPDATED ON OCT 09, 2020 11:14 AM IST
RBI Monetary Policy 2020: In its previous monetary policy review, on August 6, the RBI had kept the repo rate and reverse repo rate unchanged at 4% and 3.35% respectively.
RBI Governor Shaktikanta Das announced the repo rate after a meeting of the Monetary Policy Committee on Thursday.(ANI File Photo)
RBI Governor Shaktikanta Das announced the repo rate after a meeting of the Monetary Policy Committee on Thursday.(ANI File Photo)

Repo rate unchanged at 4%, surge in Covid-19 subdued early signs of revival: RBI governor Shaktikanta Das

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 06, 2020 12:13 PM IST
The MPC has cumulatively cut the repo rate by 115 basis points over these two meetings, resulting in total policy rate reduction of 250 basis points since February 2019, with an aim to boost economic growth.
File photo: Reserve Bank of India (RBI) Governor Shaktikanta Das.(AP)
File photo: Reserve Bank of India (RBI) Governor Shaktikanta Das.(AP)

‘Covid-19 biggest test of robustness, resilience of our economic system’: RBI Governor

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Sparshita Saxena
UPDATED ON JUL 11, 2020 11:33 AM IST
Das’s comments came during his keynote address at the 7th SBI Banking and Economics Conclave on Saturday.
The reverse repo rate was also reduced by 40 basis points to 3.35 per cent.(Reuters)
The reverse repo rate was also reduced by 40 basis points to 3.35 per cent.(Reuters)

RBI slashes repo rate. Read the full statement here

New Delhi, Delhi | By HT Correspondent
UPDATED ON MAY 22, 2020 01:13 PM IST
RBI governor Shaktikanta Das said the short-term lending rate now stands at 4 per cent down from 4.4 per cent earlier.
Average yields on top-rated rupee-denominated corporate bonds maturing in 10 years fell 15-20 basis points on Friday, according to traders.(Mint/ Pradeep Gaur)
Average yields on top-rated rupee-denominated corporate bonds maturing in 10 years fell 15-20 basis points on Friday, according to traders.(Mint/ Pradeep Gaur)

Bonds rally after RBI announces emergency rate cut

By Bloomberg | Posted by: Shivani Kumar
UPDATED ON MAY 22, 2020 12:29 PM IST
The rupee fell 0.2 per cent to 75.76 per dollar and the S&P BSE Sensex index slid 0.9 per cent, set for the second straight week of declines.
Although RBI provided banks the option to choose from a host of external rates, almost all banks chose the repo rate
Although RBI provided banks the option to choose from a host of external rates, almost all banks chose the repo rate

RBI’s CRR step won’t make your loan cheaper

Livemint | By Shayan Ghosh, Mumbai:
UPDATED ON FEB 13, 2020 01:55 PM IST
While RBI’s 1 tn credit window and exemptions from setting aside money as CRR will lower the cost of funds for banks, it won’t reduce interest rates for loans linked to the repo rate.Loans that are linked to external benchmarks such as the repo rate change only when there is a movement in the benchmark
Reserve Bank of India (RBI) Governor Shaktikanta Das along with his deputies arrives for the RBI's fourth bi-monthly monetary policy review meeting of 2019-20, in Mumbai, Friday, Oct. 4, 2019.(PTI FILE)
Reserve Bank of India (RBI) Governor Shaktikanta Das along with his deputies arrives for the RBI's fourth bi-monthly monetary policy review meeting of 2019-20, in Mumbai, Friday, Oct. 4, 2019.(PTI FILE)

RBI cuts lending rate to spur growth, lowers GDP outlook for this year to 6.1%

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 07, 2020 01:06 AM IST
The RBI monetary policy committee, which has reduced the rate at which the RBI lends money to commercial banks to 5.15 per cent, said recent measures announced by the government were likely to help strengthen private consumption and spur private investment activity.
RBI Governor Shaktikanta Das .(HT Photo)
RBI Governor Shaktikanta Das .(HT Photo)

RBI governor says time other banks linked loans, deposits to repo rate

Mumbai | By Press Trust of India
UPDATED ON AUG 19, 2019 12:56 PM IST
The move to link loans and deposits pricing to the repo rate comes even as the Reserve Bank has decided not to push banks for this, considering their poor finances.
Economists have said that banks will cut deposit rates further and lending rates will witness a faster incremental fall in coming months.(Shutterstock)
Economists have said that banks will cut deposit rates further and lending rates will witness a faster incremental fall in coming months.(Shutterstock)

Your loans may get cheaper, deposits fall further

Hindustan Times, Mumbai | By HT Correspondent, Mumbai
UPDATED ON AUG 06, 2019 10:15 AM IST
This week when the RBI’s monetary policy committee meets review, you can expect a rate cut.
RBI governor Shaktikanta Das said the central bank has revised GDP growth from 7.2% to 7% for the current financial year.(PTI)
RBI governor Shaktikanta Das said the central bank has revised GDP growth from 7.2% to 7% for the current financial year.(PTI)

RBI cuts rates to 9-year low in bid to spur growth

Hindustan Times, Mumbai | By Vivina Vishwanathan
UPDATED ON MAY 21, 2020 11:36 AM IST
The change in repo rate, the rate at which the central bank lends money to commercial banks, will lead to lower interest rates on new bank loans.
The Reserve Bank of India headquarters in Mumbai.(HT File Photo)
The Reserve Bank of India headquarters in Mumbai.(HT File Photo)

Monetary policy: RBI keeps repo rate unchanged at 6%, maintains ‘neutral’ stance

New Delhi | By Press Trust of India
UPDATED ON APR 05, 2018 03:01 PM IST
The repo rate, at which the central bank lends short-term money to other banks, will continue to be 6%. The reverse repo, rate at which it borrows from banks and absorbs excess liquidity, will remain at 5.75%.
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