RBI Monetary Policy: Repo rate remains unchanged at 6.5%; FY24 inflation forecast raised, GDP maintained

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 percent for the third straight meeting in the August policy despite the recent rise in inflation.

Sensex, Nifty50 slide after RBI keeps repo rate unchanged and adjusts inflation outlook

The RBI has made revisions to its CPI inflation projections for the fiscal year 2023–24. The central bank now expects inflation to be 5.4% for FY23–24 as compared to the earlier estimate of 5.10%.

RBI policy: Nifty, Sensex hovering around record highs after MPC maintains status quo for second consecutive time

Markets reacted positively in response to the RBI's status quo on policy for the second consecutive time. Both the Indian benchmark indices, the Nifty 50 and the Sensex, were trading near their all-time highs.

SBI raises prime lending rate, base rate from today, highest BPLR in 27 years

The last time when SBI’s benchmark prime lending rate was higher than 14.85% was in Sep 1996 when it hit 15.50%

A pause in rate hikes still appears far. This is what experts say your market strategy should be

The RBI governor's commentary on growth and inflation was optimistic. The RBI projected real GDP growth for 2023-24 at 6.4 percent while CPI inflation is projected at 5.3 percent for the same period.

RBI hikes repo rate for 6th time in a row: What market experts make of the policy decision

Most brokerages remain satisfied with the announcement as it was on expected lines. Let's take a look at what market experts have to say about this policy.

RBI hikes repo rate to 6.50%; What does it mean for the common man?

The RBI's repo rate is an important tool used to control the money supply and inflation in India. A hike in the repo rate leads to higher borrowing costs, reduced returns on investments, and lower inflation, thus having both positive and negative impacts on the common man.

RBI Monetary Policy on Wednesday: Central bank will hike repo rate by 25 basis points, say brokerages

<ul><li>The central bank had raised the key rate by 35 basis points (bps) in the December policy after delivering three consecutive hikes of 50 bps.</li></ul>

SBI economists expect RBI to hit pause button on interest rate hike

<ul><li>The central bank's Monetary Policy Committee (MPC), the six-member rate setting panel, is likely to continue with the current 'withdrawal of accommodation' stance, the SBI economists said.</li></ul>

RBI Governor Shaktikanta Das against pause in rate hikes: MPC minutes

<ul><li>Prior to the December hike in repo rate, the RBI had raised the key short-term lending rate by 190 bps in four tranche.</li></ul>

Top Repo Rate News

markets

RBI Monetary Policy: Repo rate remains unchanged at 6.5%; FY24 inflation forecast raised, GDP maintained

markets

Sensex, Nifty50 slide after RBI keeps repo rate unchanged and adjusts inflation outlook

markets

RBI policy: Nifty, Sensex hovering around record highs after MPC maintains status quo for second consecutive time

personal finance

SBI raises prime lending rate, base rate from today, highest BPLR in 27 years