Monetary Policy: RBI keeps repo rate unchanged at 6 pc
Business | December 06, 2017 15:21 ISTThe MPC also kept reverse repo rate under the LAF unchanged at 5.75 per cent and marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
The MPC also kept reverse repo rate under the LAF unchanged at 5.75 per cent and marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent.
A majority of the economists have polled in favour of the Reserve Bank of India maintaining a status quo on repurchase rates for commercial banks.
At its previous bi-monthly policy review here in October, the RBI had maintained status quo on its repo, or short term lending rate for commercial banks, at six per cent, citing risks to inflation and uncertainties on the external and fiscal fronts.
The scheme, valid until December 12, 2017, would be offered across 11 projects by Tata Housing in seven cities.
The move is aimed at bringing transparency in loan pricing and ensure that the benefits of change in policy rates are passed on to borrowers.
Only one from the six-member monetary policy committee pressed for lowering rates by at least 25 basis points.
In August this year, the RBI's monetary policy committee had decided to lower interest rates to 6 per cent.
The meeting's outcome tomorrow is being keenly awaited by all stakeholders including industry and stock markets
With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India is expected to reduce its short term lending rate at its monetary policy review on Wednesday
It is the policy week and all hopes are set for an interest-rate cut when the RBI's monetary policy committee meets on August 2
Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", the Finance Ministry has said.
The Reserve Bank of India (RBI) may have maintained status quo on the repo rate in its fifth bi-monthly policy meet but there is still scope available with banks to lower the lending rates, providing
Following the announcement by SBI slashing interest rates on home loans by 15 basis points to 9.15 per cent, a six year-low, private lenders including ICICI Bank and HDFC are also set to reduce the home loan rates by up to 0.20 per cent.
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Mumbai: State-run lender Dena Bank today hiked interest rates on fixed deposits in various time buckets with immediate effect.For retail term deposits in 7-45 days maturities interest rates have been increased by 100-175 points, the
New Delhi: To bring in transparency, the Reserve Bank has asked banks to display loan interest rates and processing fees on their websites from April 1."Banks should display on their websites the interest rate range
Mumbai: Markets continued their upward march for the fourth straight session today with the BSE Sensex galloping over 522 points to close at a new peak of 28,784.67 and the NSE Nifty breaching the 8,700-mark
New Delhi: The Reserve Bank of India today slashed repo rates, the level at which it lends to commercial banks, by 25 basis points to 7.75 per cent with immediate effect. While it will certainly
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