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RBI Monetary Policy: No change in repo rate, announced by Shaktikanta Das

RBI Monetary Policy: No change in repo rate, announced by Shaktikanta Das

Shaktikanta Das will announce the decisions of interest rates in the meeting of the MPC ie Monetary Policy Committee today.

RBI Monetary Policy Latest Updates: RBI-Reserve Bank of India Governor Shaktikanta Das has announced that the status quo is being maintained in the repo rate. He has announced the decisions of interest rates taken in the meeting of the MPC i.e. Monetary Policy Committee. Repo rate affects the interest rates of banks. That’s why the announcement on the repo rate becomes important.

when will the decision come

RBI Governor Shaktikanta Das will give his statement regarding monetary policy at 10 am. At the same time, the press conference to be held after the meeting will be held at 12 noon.

What are the interest rates now

Experts say that the repo rate can remain stable at 4 percent. Interest rates can be increased in the coming six months. The reverse repo rate is 3.35 percent.

What is Repo Rate?

Repo rate is the rate at which the central bank of the country (Reserve Bank of India in India) gives loans to commercial banks in case of any shortage of funds. The repo rate is used by the monetary authorities to control inflation. Reduction in repo rate makes loans from banks cheaper. Like home loan, vehicle loan etc.

What is reverse repo rate?

Reverse repo rate is the rate at which the country’s central bank (Reserve Bank of India in India) takes loans from commercial banks located within the country. It can be used to control the money supply in the country.

Let us tell you that according to a research report by Morgan Stanley, the Reserve Bank will keep the interest rates unchanged in the upcoming monetary review and at the same time will continue its soft stance. The report said that in the current financial year, inflation based on the Consumer Price Index will be around five percent.

State Bank of India Chairman Dinesh Khara recently said that it appears that interest rates will remain unchanged. He had said, there is some improvement in growth. In such a situation, I think interest rates will not increase. However, the central bank’s remarks will mention inflation.

read this also: Inflation broke the back of the common man: Petrol became costlier by Rs 2.35 and diesel by Rs 3 in 11 days

read this also: RBI Governor Shaktikanta Das can give Diwali gift to common man! Important press conference will be held today

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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