Rupee fluctuations not a factor for MPC’s consideration, says RBI After the monetary policy committee (MPC) raised the repo rate by 50 basis points to 5.90 per cent, the Reserve Bank of India (RBI) management, including Governor Shaktikanta Das and Deputy Governor Michael Patra, spoke to the media on various issues. Edited Excerpts: What is going to ...

RBI repo rate hike to manage growth-inflation dynamics, say bankers Bankers welcomed the 50 bps hike in the repo rate by RBI on Friday, saying the move helps manage the growth and inflation dynamics as such a gradualistic approach is welcome amid rising global uncertainty. Bankers are of the view that a cautious monetary policy will help ...

RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7% The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday decided to increase the policy repo rate by 50 basis points (bps) to 5.9 per cent — which is largely on expected lines — as inflation continues to ...

RBI Repo Rate Hike | EMI: With RBI repo rate hike EMI to rise again; Why you may live longer in debt [ad_1] There is no immediate respite for the borrowers from rising interest rates as the Reserve Bank of India (RBI) in its monetary policy meeting held on September 30, decided to increase the repo rate again by 0.5% ...

Bajaj Finance to LIC HF: RBI names 16 large NBFCs in ‘upper layer’ The Reserve Bank of India (RBI) on Friday released a list of large non-banking finance companies (NBFCs) that have been put in the “upper layer” under the scale-based regulatory framework released last year. Sixteen NBFCs have been named in the list and have been ...

FD Interest rate: Should you wait for FD interest rate to reach 9% or book your FD now? [ad_1] Fixed deposit investors are bewildered with the pace at which their fortunes have turned in last 5 months. There seems to be no pause button in the rate hike cycle which started in May 2022 due to which banks have been ...

RBI expects current account deficit to come under 3% of GDP in FY23 The Reserve Bank expects the current account deficit to be under 3 per cent of GDP in FY23, Deputy Governor Michael Patra said on Friday. The CAD will “modestly widen” in the first half of the fiscal year and narrow in the second half, ...

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Home loans dearer, moderate impact on residential sale from RBI rate hike The RBI’s decision to hike repo rate will hit consumers’ buying sentiment, but will have a moderate impact on housing sales in the affordable and mid-income categories, according to industry experts. With a hike in repo rates by 50 basis points, interest rates on home ...

small saving scheme: Which small saving schemes’ interest rates have been hiked for Oct-Dec 2022 quarter [ad_1] Interest rate of most popular schemes remain unchanged Interest rates of rest of the small savings schemes like PPF (7.1%), Sukanya Samriddhi Yojana (7.6%), National Savings Certificate (6.8%) have not been changed. Post office savings account interest rate also remains unchanged at 4%. ...