RBI Governor has announced to increase in the repo rate after the MPC meeting which lasted for three days. RBI has announced a 0.35% increase in the repo rate. Now the repo rate of RBI has increased from 5.4% to 6.25%. RBI has decided to increase it for the fifth consecutive time. The central bank started it in May 2022 with the announcement of increasing the repo rate by 40 basis points. After that, the repo rate was increased by 50-50 points in June, August, and September. In the MPC meeting held in May also, the repo rate was increased by 50 basis points to 4.90%.
While announcing the repo rate hike, the RBI governor also said that inflation is likely to remain above 4 percent for the next four months. Five out of six members of the MPC have supported the decision to increase the repo rate. Announcing the repo rate, the RBI governor has also said that rural demand is showing improvement in the country. Consumer confidence has also improved. The RBI governor has said that the GDP growth in the financial year 2023 could be 6.8%. The RBI governor has also said that the CPI may remain at 5% in the first quarter of the financial year 2024.
The Reserve Bank has opted for a 35 bps increase in the repo rate in its upcoming monetary policy review on Wednesday amid signs of moderation in retail inflation and the need to prop up growth, according to experts. Explain that the Reserve Bank of India (RBI) presented its next bi-monthly policy on December 7 (Wednesday) after the three-day meeting of the Monetary Policy Committee (MPC) which began on Monday.
KIIT Row: Action in the suicide case of Nepali student, high-level committee summoned KIIT founder
The investigation into the alleged suicide of the female student in the hostel and the subsequent action of expelling other Nepali students has been intensified. Now the high-level committee of the
India's gig economy is growing, how will the entire ecosystem flourish?
Four years ago today, in 2019, the Periodic Labor Force Survey report (PLFS) disclosed India's unemployment rate. In this report, it was said that the unemployment rate in the country would increase
Actor Vijay: Thalapati Vijay will make a mark in politics, unveiling the flag and symbol of his party TVK
Well-known actor Vijay officially unveiled the flag and symbol of his party Tamilaga Vetri Kazhagam (TVK) today i.e. on Thursday. Vijay's parents were also present at the party office during the
Weather Update: Weather became pleasant due to heavy rain in Delhi-NCR, temperature dropped
Before the departure of the monsoon in Delhi-NCR, rain is making the weather pleasant. Heavy rain has started once again in Delhi-NCR on Saturday. The weather became pleasant due to rain accompanied
IND vs ENG: Gautam Gambhir's mother suffered a heart attack, Indian coach returned to India immediately; Know when he will return to England
A 5-Test series will begin between India and England on June 20. Before this series, bad news has come out for Team India. Indian team head coach Gautam Gambhir has returned home. He has informed the
Hardik Pandya: Calls are growing for Hardik Pandya's return to Test cricket; if the all-rounder agrees, will the BCCI refuse?
Hardik Pandya was once a crucial part of India's Test team. His presence provided balance to the team. However, due to injuries, Pandya was sidelined from this format and gradually distanced himself
Why was Suryakumar handed over the command of Team India? The big revelation in this report about Hardik Pandya
The T20 and ODI series between India and Sri Lanka starting later this month will start a new chapter of Indian cricket. Under the guidance of new head coach Gautam Gambhir, the team will embark on a
Delhi Weather Update: Amidst the scorching heat in Delhi-NCR, there is a possibility of rain today, there will be relief from the fire raining from the sky!
Delhi Weather Update: The scorching heat continues to wreak havoc in Delhi-NCR. Meanwhile, there is the hope of respite from the fire raining from the sky on Thursday. Apart from the forecast of rain
IPL 2025: 'Only one match is left now, we will celebrate together', said RCB captain Patidar after reaching the final for the fourth time
In IPL 2025 on Thursday, Royal Challengers Bangalore (RCB) defeated Punjab Kings by eight wickets in the first qualifier thanks to a half-century by opener Phil Salt (56 not out) after a brilliant
New Rules: From credit scores to UPI, these 7 major rules will change from January 1, 2026; how will it affect your wallet?
The year 2025 is now in its final stages. December 31, 2025, is not just a date for changing the calendar; it's also a deadline for completing several important tasks on the economic front. Meanwhile,
