The monetary policy committee of the Reserve Bank of India voted unanimously to keep the repo rate unchanged at 6.50 per cent. Experts say this means those with existing home loans should see no change in EMIs. However, the question of whether a borrower should choose a floating or fixed rate going. RBI Governor Shaktikanta Das informed about the unchanged repo rate.
10 August,2023 12:27 PM IST | Mumbai
Reserve Bank of India (RBI) Governor Shaktikanta Das held a press conference on June 08 where he informed that the monetary policy committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. He also spoke about the growth in the Gross Domestic Product (GDP) of India which was recorded at 7.2 per cent in 2022-2023. Earlier, it was estimated to be 7 per cent. He also said that by taking all the factors into consideration, the real GDP growth for the year 2023-24 is projected at 6.5 per cent. “India’s real Gross Domestic Product (GDP) recorded a growth of 7.2 per cent in 2022-23, stronger than the earlier estimate of 7 per cent. It has surpassed its pre-pandemic level by 10.1 per cent...Taking all factors into consideration, the real GDP growth for the year 2023-24 is projected at 6.5 per cent,” said Shaktikanta Das.
08 June,2023 03:49 PM IST | Mumbai
Reserve Bank of India Governor Raghuram Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16.
29 September,2015 01:45 PM IST
Union Finance Minister Arun Jaitley on Tuesday welcomed the repo rate cut of 50 bps bringing it to 6.75% by RBI. Jaitley apprised that a constant vigilance is required to regulate inflation though this rate itself indicates that inflation has moderated.
29 September,2015 03:26 PM IST
The Governor of Reserve Bank of India, Raghuram Rajan, on Tuesday announced the first bi-monthly policy review for this fiscal year. He said the repo rate has been slashed by 25BPS, which has come down to 6.50% from 6.75%.
05 April,2016 05:34 PM ISTADVERTISEMENT
