The three-day meeting of the Reserve Bank of India's (RBI) monetary policy review is starting today. It is expected that the central bank may increase the repo rate by 0.50 percent on 30 September. If this happens, the repo rate will go down to 5.90 percent, from 5.40 percent now. Last week alone, about a dozen central banks raised interest rates. Bank of America had gained 0.75 percent.
To control inflation, central banks around the world have adopted the strategy of raising interest rates. Despite this, inflation rates are above their targets. The rate of retail inflation in India is 7 percent while RBI's target is 2 to 6 percent. It has increased interest rates by 1.40 percent three times since May.
Know what experts say
Keeping in view the recent developments in the foreign exchange market, RBI may also increase the policy rates by 0.50 percent. -Madan Sabnavis, Chief Economist, Bank of Baroda
The repo rate is set to increase by 0.50 percent. Its peak rate will go up to 6.25 percent and the final growth will be 0.35 percent in December. -SBI
Ramadan Mubarak : Holy month of Ramadan begins, today is the first day, know the time of Sehri and Iftar
Ramadan 2023 Date: The Muslim community considers the month of Ramadan as the most sacred. This holy month begins with the sighting of the moon. The month of Ramadan is sometimes 29 days and sometimes
IIT: Many countries are contacting us for the establishment of IIT- Education Minister Pradhan gave information
The name of the Indian Institute of Technology ie IIT is included in the list of some of the most famous institutes in the world. Many developing and developed countries are approaching the Government
Chum Darang was going to work in The Family Man 3, and due to this reason she rejected Manoj Bajpayee's series.
Chum Darang needs no introduction today. Chum, who has worked in Badhaai Do and Gangubai Kathiawadi, has gained popularity from Salman Khan's controversial reality show Bigg Boss 18. She was a strong
Cabinet Decision: Pension of freedom fighters doubled in Maharashtra, EWS reservation also approved
The Maharashtra government has increased the pension of freedom fighters who took part in the Indian freedom movement, the Marathwada Liberation War, and the Goa Liberation War. The Maharashtra
GT vs RR: Stump hit Gulati twice in the air, Jos Buttler lost his senses; Shami wreaked havoc with pace
Gujarat Titans fast bowler Mohammed Shami wreaked havoc with his pace at the Narendra Modi Stadium in Ahmedabad on Sunday. In front of Shami's speed, the most explosive batsman of IPL 2023, Jos
Lok Sabha Election 2024: Infighting in SP, situation worsens on Azam's seat; Akhilesh can play big gamble to convince
Talks between Azam Khan and Akhilesh Yadav seem to be deteriorating after Samajwadi Party national president Akhilesh Yadav did not contest the elections from Rampur Lok Sabha seat. Azam Khan is angry
Narendra Modi Poster : 100 FIRs registered for putting up posters against PM Modi: Posters also found in the van that came out from Aam Aadmi Party's office, 6 arrested
Police have registered 100 FIRs in the case of putting up posters against Prime Minister Narendra Modi in Delhi. All the cases have been registered under the Printing Press Act and the Deforestation
China's designed JF-17 aircraft became a problem for Pakistan, and the report revealed important
The Chinese-developed aircraft JF-17 has become a problem for Pakistan due to defects in the Russian RD-93 engines, even after many countries have shown interest in the aircraft. Recently, Azerbaijan,
Manoj Kumar Last Rites: Emotional tribute paid to Manoj Kumar, Amitabh-Prem Chopra shared golden memories
Veteran Hindi cinema actor Manoj Kumar has merged into the five elements. 'Bharat Kumar' was cremated with state honors today at Pawan Hans crematorium in Mumbai. During this, many stars were present
Narendra Modi: American MPs will listen to PM Modi's thunder at Red Fort on Independence Day, and will also meet these people
A bipartisan group of US lawmakers is visiting India to hear Prime Minister Narendra Modi's address at the Red Fort on August 15. The bipartisan parliamentary delegation is led by Indian-American
