SBI Loans to be Costlier as Bank Hikes Key Lending Rate
State Bank of India (SBI) has announced a 10 basis point (bps) hike in the marginal cost of fund-based lending rate (MCLR) across the tenor....
Tag : Monetary Policy Committee (MPC)
India to Open UPI Payments for Foreign Tourists, Starting at Airports for Tourists from G20 Countries
The Reserve Bank of India (RBI) has proposed allowing foreign tourists to make merchant payments through the United Payments Interface (UPI) while in India. The...
Rate-Sensitive Shares See Mixed Trend After RBI Hikes Repo Rate by 25 Bps
Shares of rate-sensitive sectors such as banks, autos and real estate were mixed on Wednesday after Reserve Bank of India (RBI) Governor Shaktikanta Das announced...
RBI’s Inflation Mandate Failure Report Cannot be Made Public, Govt Informed Parliament
The Reserve Bank of India (RBI) has submitted reports on breaches of its inflation target for three consecutive quarters. Still, the reports cannot be made...
Monetary Policy Committee (MPC) Supports Front-Loading Rate Increases to Reduce Inflation
According to the minutes of the Reserve Bank of India’s August policy meeting, which were made public on Friday, the majority of the committee’s members...
RBI Retains Retail Inflation Forecast at 6.7% for FY23, Hikes Repo Rate by 50 bps to 5.40%
In its bi-monthly meeting, the Monetary Policy Committee of the Reserve Bank of India (RBI) increased the policy Repo Rate by 50 (BP) basis points...
Manufacturing Activity Improves in July, PMI Rises to 8-Month High
As per S&P Global’s Purchasing Managers’ Index (PMI), India’s manufacturing activity grew in July. The country stood at a score of 56.4 in the index....
State Bank of India Hikes Key Reference Lending Rate By 10 Basis Points
State Bank of India (SBI), the country’s largest lender, raised the marginal cost of its funds-based lending rate (MCLR) by ten basis points from April...
RBI Revises Inflation & Growth Forecasts
Reserve Bank of India’s (RBI) six-member monetary policy committee (MPC) voted to keep the policy repo rate unchanged at 4 per cent and decided to...
RBI Launches Surveys to Get Inputs For Monetary Policy
The Reserve Bank of India (RBI) on Wednesday announced the launch of the latest round of households’ surveys to capture inflation expectations and consumer confidence,...