The Reserve Bank of India (RBI) on March 27, 2020, used the majority of orthodox methods to fight COVID-19-led economic issues. The Reserve Bank has significantly reduced interest rates across the board, taking cues from other central banks of the world, as part of emergency measures to safeguard the economy from the coronavirus. Take a Look at Measures - Sizeable Cut in Repo Rate: The Reserve Bank of India announced a massive 75 basis points rate cut in Repo Rate, bringing it to 4.40%
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The Reserve Bank of India (RBI) will meet on 1st and 2nd of August 2017 to review monetary policy. What to Expect From RBI MONETARY POLICY As the Reserve Bank of India (RBI) is all set to meet for its bi-monthly Monetary Policy in the first week of August 2017, the market participants have been wondering if RBI chooses to cut the benchmark interest rate. There seem to be numerous good factors for the interest rate cut. India CPI (Consumer Price Index) inflation data came down to 1.5% for
The Reserve Bank of India (RBI) will meet on 6th and 7th of June 2017 to review monetary policy. What to Expect From RBI The Reserve Bank of India (RBI) is expected to maintain silent on the key rates in its bi-monthly monetary policy announcement because of (i) Implementation of GST and (ii) Inflation. The proposed implementation of Goods and Service Tax (GST) from July 1, 2017, and it is likely that the RBI may wish to hang around and watch the implementation of GST and its effect on
The Reserve Bank of India (RBI) will meet on 5th and 6th of April 2017 to review monetary policy. What to Expect From RBI More or less, RBI is expected to stay mute on the rates in its upcoming monetary policy because of the rise in inflation rate – both wholesale as well as retail. Wholesale inflation rate soared to 39-months high of 6.55% in February ’17 (was at 5.25% in January ’17) and retail inflation inched up to 3.65% in February ’17 (was at 3.15% in January ’17) due to higher fuel