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RBI keeps interest rate unchanged at 6.5 per cent, maintains pause for a third time

By Odisha News Online Aug 10, 2023 276

MUMBAI,AUG 10.: The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Announcing the bi-monthly monetary […]Continue Reading

Business News

RBI raises rates and growth outlook; inflation seems set to fall

By Odisha News Online Feb 8, 2023 268

HYDERABAD,FEB 8: As widely expected, the RBI raised the key benchmark policy rate by 25 bps in a 4-2 split vote on Wednesday. The overnight repo rate now stands at a nice round number of 6.5%. After a 10-month miserable period, headline inflation seems ready to bend, so the central bank lowered both its Q4, […]Continue Reading

National News

RBI hikes benchmark lending rate by 50 basis points to 5.90 per cent

By Odisha News Online Sep 30, 2022 305

MUMBAI, SEPT 30:  The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.90 per cent in a bid to check inflation, which has remained above its tolerance level for the past 8 months. With the latest hike, the repo rate or the short-term lending rate at […]Continue Reading

National News

RBI hikes repo rate by 50 bps to 5.4% to tame inflation

By Odisha News Online Aug 5, 2022 311

NEW DELHI, AUG 8: The Reserve Bank of India (RBI) on Friday hiked the repo rate by 50 basis points (bsp) to 5.4 per cent with immediate effect, crossing the pre-pandemic level of 5.15 per cent. RBI’s rate-setting panel — the Monetary Policy Committee (MPC) — met for three days from August 3 to deliberate […]Continue Reading

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RBI repo rate: Interest rate increased to 4.90%, EMIs likely to go up

By Odisha News Online Jun 8, 2022 435

New Delhi, June 8 :The Reserve Bank of India on Wednesday announced a hike in the repo rate by 50 basis points to 4.90 per cent. While the inflation rate has been projected at 6.7 per cent for the financial year 2022-23, the RBI remains hopeful that the economy will grow at 7.2 per cent […]Continue Reading

National News

RBI leaves benchmark lending rate unchanged at 4%

By Odisha News Online Apr 8, 2022 297

Mumbai, April 8: The Reserve Bank of India kept its key lending rate at a record low on Friday, as expected, as it sought to support economic growth even as inflation edged higher in the wake of the Russia-Ukraine war. The monetary policy committee held the lending rate, or the repo rate, at 4%. The […]Continue Reading