Follow Us on Google News New Delhi, June 6 (IANS) If you have a home loan, your EMI is set to reduce by over Rs 1,500 a month thanks to the Reserve Bank of India’s latest move. With the central bank cutting the repo rate by 50 basis points — from 6 per cent to … Read more
Follow Us on Google News Mumbai, June 6 (IANS) RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. A … Read more
Follow Us on Google News New Delhi, June 3 (IANS) The Reserve Bank of India (RBI) is expected to cut the repo rate by 100 basis points — from 6 per cent to 5 per cent — by the end of 2025, according to a Nomura report. In its ‘Asia H2 Outlook’ report, the global … Read more
Follow Us on Google News Mumbai, April 15 (IANS) The Maharashtra Cabinet, chaired by the Chief Minister Devendra Fadnavis, on Tuesday, had approved an interest rate of 1 per cent above the repo rate in the case of delay in the payment of compensation for land acquisition. As per the government release, the Right to … Read more
Follow Us on Google News Mumbai, April 9 (IANS) RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth. The RBI Governor said that the decision to cut … Read more
New Delhi, Feb 8 (IANS) The monetary policy in India is easing since last few months and as rate cuts transmit with a lag, it makes sense to act with a forward-looking estimate if the monetary policy has to work its way on real economy, according to experts. The October policy saw the stance getting … Read more
Mumbai, Feb 7 (IANS) The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) on Friday cut the repo rate by 25 basis points to 6.25 per cent. RBI Governor Sanjay Malhotra said the MPC has also unanimously decided to continue with a neutral stance and will focus on inflation while supporting growth. This … Read more