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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%.
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.
Updated on Jun 08, 2022 11:04 AM IST
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.
Published on Jun 08, 2022 10:05 AM IST
HT News Desk | 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.
Updated on Jun 08, 2022 09:34 AM IST
Roshan Kishore, 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.
Updated on May 08, 2022 05:10 PM IST
HT News Desk | Written by Aniruddha Dhar, New Delhi
