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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
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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
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Repo rate hiked again; RBI retains GDP growth forecast at 7.2%

RBI Monetary Policy: The real GDP growth for the current year has been retained at 7.2%, RBI governor Shaktikanta Das said. Inflation has been revised to 6.7% from 5.7% earlier for the current year.
RBI Governor Shaktikanta Das addresses a press conference on Wednesday.
RBI Governor Shaktikanta Das addresses a press conference on Wednesday.
Published on Jun 08, 2022 10:05 AM IST
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By | Written by Poulomi Ghosh

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
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By, New Delhi

These banks increased interest rates after surprise RBI repo rate hike

A number of banks raised their external benchmark based lending rates following an increase of 0.40 per cent in the repo rate - at which the Reserve Bank lends short term money to banks.
A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai.(REUTERS)
A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai.(REUTERS)
Updated on May 08, 2022 05:10 PM IST
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By | Written by Aniruddha Dhar, New Delhi
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