Repo Rate

  • RBI keeps repo rate unchanged, cuts SLR for banks by 0.5 pc August 5, 2014

    Mumbai: The Reserve Bank of India (RBI) kept its key policy repo rate unchanged on Tuesday as widely expected, but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices. The RBI also lowered banks' minimum bond holding requirements, known as the statutory liquidity ratio...
  • RBI keeps key policy rates unchanged; slashes SLR by 0.5 per cent June 3, 2014

    There have been no changes in key policy rates by the Reserve Bank of India. While announcing the second bi-monthly monetary policy, 2014-15, in Mumbai on Tuesday, RBI Governor Raghuram G Rajan said that the apex bank has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged...
  • April retail inflation rises to 3-month high of 8.59 pc May 12, 2014

    New Delhi: Costlier vegetables, fruits and milk pushed up retail inflation to three-month high of 8.59 per cent in April, squeezing the space for the Reserve Bank to ease interest rates in the monetary policy review in June. The retail inflation, measured on consumer price index (CPI), was 8.31 per cent...
  • Full text: First 2014-15 bi-monthly Monetary Policy Statement April 1, 2014

    The Reserve Bank of India on Tuesday released it bi-monthly monetary statement keeping the repo rate unchanged at 8 per cent. The CRR has been kept at 4 per cent. Here is the full text of first bi-monthly Monetary Policy Statement: Monetary and Liquidity Measures On the basis of an assessment of the...
  • RBI keeps Repo Rate unchanged at 8 pc, CRR at 4 pc April 1, 2014

    New Delhi: The Reserve Bank of India maintained status quo in key rates on Tuesday, keeping the Repo Rate unchanged at 8 per cent and Cash Reserve Ratio at 4 per cent. The RBI also warned that failure to elect a stable government in the coming elections will accentuate "downside risks...
  • RBI a vigilant owl, not a dove or a hawk: Raghuram Rajan February 11, 2014

    The Reserve Bank brass took to ornithology to explain its policy stance and its intents as it took everyone by surprise with a rate hike on Tuesday. "We are neither hawks, nor doves. We are actually owls," Governor Raghuram Rajan said eliciting loud laughter at the customary post-policy press conference in...
  • RBI hikes repo rate by 25 bps, keeps CRR unchanged at 4 pc January 28, 2014

    New Delhi: The Reserve Bank of India on Tuesday hiked repo rate by 25 basis points. Following the hike the lending rate is now 8 per cent. However, it has kept the cash reserve ratio (CRR) unchanged at 4 per cent. The announcement were made at the third quarter monetary policy...
  • RBI to announce 3rd quarter monetary policy review today February 11, 2014

    New Delhi: The Reserve Bank of India is likely to announce the third quarter monetary policy on Tuesday. The experts have said that the RBI may retain the status quo despite the clamour to slash interest rates. Banks across the country have been insisting on rate cuts to help boost...
  • RBI keeps key rates unchanged December 18, 2013

    Mumbai: The Reserve Bank of India (RBI) has kept key policy rate and cash reserve ratio unchanged in the December 2013 Mid-Quarter Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation, the RBI decided to keep the policy repo rate under the liquidity...
  • RBI Mid-Quarter Monetary Policy Review: December 2013 December 18, 2013

    The Reserve Bank of India (RBI) has kept key policy rate and cash reserve ratio unchanged in the December 2013 Mid-Quarter Monetary Policy Review. On the basis of an assessment of the current and evolving macroeconomic situation, the RBI decided to keep the policy repo rate under the liquidity adjustment facility...
  • RBI likely to hike repo rate in mid-quarter policy review today December 18, 2013

    The Reserve Bank of India (RBI) will come out with its mid-quarter policy review on Wednesday. With the recent surge in inflation, a rate hike looks imminent. ...
  • RBI to release policy review today, likely to hike repo rate December 18, 2013

    New Delhi: The Reserve Bank of India (RBI) will come out with its mid-quarter policy review on Wednesday. With the recent surge in inflation, a rate hike looks imminent. A poll conducted by CNBC-TV18 shows that 90 per cent of the respondents expect that the RBI will hike repo rate...
  • RBI likely to raise repo rate by 0.25% to tame inflation December 17, 2013

    With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 per cent on Wednesday, the third straight increase under Governor Raghuram Rajan as part of the war against inflation. Wholesale Price Index inflation in November climbed to a 14-month high...
  • RBI hikes repo rate by 25 basis points, CRR unchanged October 29, 2013

    New Delhi: The Reserve Bank of India on Tuesday hiked repo rate by 25 basis points from 7.50 per cent to 7.75 per cent. The RBI has kept the Cash Reserve Ratio (CRR) unchanged at 4 per cent. With the rupee having stabilised, the RBI lowered its Marginal Standing Facility (MSF)...
  • Analysts welcome RBI moves;see another repo hike on Oct 29 October 8, 2013

    Mumbai: Welcoming RBI'[s liquidity infusing moves wherein it cut MSF by 0.50 per cent and introduced a term repo window, analysts on Tuesday said this in no way reflects a shift in the stance and the market must expect a repo rate hike at the next policy review later this...
  • RBI trims short-term rate as rupee pressure eases October 8, 2013

    The Reserve Bank of India on Monday cut a key overnight interest rate, further dialling back an emergency measure it had imposed in mid-July in order to defend the embattled rupee that had tightened market liquidity and pushed up borrowing costs. The move to cut the marginal standing facility (MSF) rate...
  • RBI Governor Raghuram Rajan may raise policy rates yet again September 23, 2013

    Reserve Bank of India Governor Raghuram Rajan may raise policy rates again after shocking markets by increasing them in only his first meeting, signalling he is willing to risk prolonging what is already the lowest economic growth in years in order to quash persistent inflation. Raising the repo rate by 25...
  • RBI is anti-inflation, asserts governor Raghuram Rajan September 20, 2013

    Asserting that Reserve Bank is "anti-inflation", new Governor Raghuram Rajan, on Friday, said partial easing of its recent liquidity tightening measures coupled with repo rate hike is supportive of growth, a remark that helped the markets trim losses. "Of course, we are anti-inflation...of course, our intent is to signal a stance...
  • India Inc disappointed by hike in repo rate by RBI September 20, 2013

    Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital. "High interest rate has been identified as a major...
  • Raghuram Rajan defends his monetary policy, says RBI is anti-inflation September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan defended his first monetary policy on Friday in which the repo rate was hiked by 25 basis points from 7.25 per cent to 7.5 per cent. He said, "We intend to make repo rate the effective policy rate." He also said the repo...
  • Raghuram Rajan hikes repo rate by 25 basis points September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan on Friday hiked the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.25 per cent to 7.5 per cent with immediate effect. The RBI said repo rate has been hiked to bring down inflation to tolerable level and...
  • Full text: RBI Mid-Quarter Monetary Policy Review September 20, 2013

    Reserve Bank of India Governor Raghuram Rajan announced his maiden monetary policy on Friday. The Mid-Quarter Monetary Policy Review announced by Rajan saw the RBI an increase in repo rate by .25 basis points to 7.5 per cent. Below is the full text of the September 2013 Mid-Quarter Monetary Policy Review: On...
  • Raghuram Rajan to announce his maiden RBI monetary policy today September 20, 2013

    Mumbai: Reserve Bank of India Governor Raghuram Rajan will announce his maiden monetary policy on Friday. The move by the US Federal Reserve not to taper stimulus has made his job easier, but he still has to balance slowing growth with accelerating inflation which soared to 6-month high of 6.1...
  • RBI keeps key rates unchanged, says growth will be 5.5 pc in 2013-14 July 30, 2013

    New Delhi: Key bank rates remain unchanged in the Reserve Bank of India's first quarter review of Monetary Policy 2013-14 announced on Tuesday. The RBI kept the cash reserve ratio and, repo rates and reverse repo rate are unchanged. According to the RBI the forecast for the Indian economy's growth rate...
  • Full text: RBI's mid-quarter monetary policy review June 17, 2013

    The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices. Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic...
  • RBI leaves rates unchanged, warns of inflationary risks June 17, 2013

    Mumbai: The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices. The RBI also called for vigilance over global economic uncertainty, citing...
  • RBI Governor overrules panel view on rate action in May May 24, 2013

    Mumbai: Reserve Bank of India (RBI) Governor Duvvuri Subbarao went against the suggestion of a majority of external members of the central bank's monetary policy committee that recommended no change in the policy repo rate at a May 3 policy meeting, according to minutes of the meeting seen by Reuters. The...
  • Difficult to cut interest rates soon: Banks May 3, 2013

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • Highlights of RBI's monetary policy 2013-14 May 3, 2013

    Mumbai: Sticking to its cautious stance, the Reserve Bank on Friday cut the key interest rate by just 0.25 per cent to 7.25 per cent and kept the liquidity enhancing cash reserve requirement unchanged, disappointing the industry and stock market. The RBI in its annual monetary policy statement said there would...
  • RBI cuts repo rate by 0.25 pc, CRR unchanged May 3, 2013

    Mumbai: In a move that is likely to bring cheers to the consumers, the Reserve Bank of India (RBI) cut repo rate by 0.25 per cent on Friday for the third time since January. The cut may lead to softening of loan EMIs. Following the 25 basis points cut, the repo...