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
17 seasons passed, Royal Challengers Bangalore's dream of winning the trophy for the first time c
Nayanthara recently accused Dhanush of refusing to permit to use of scenes from the film 'Naanum
Amid the controversy over the alleged use of animal fat in the ghee of laddus of Andhra Pradesh's
The central government is now going to take strict action against those who play online games. Th
The monsoon that reached Delhi after soaking many states has made a strong impact. The first and
The bad economic condition has taken away all the swagger of Pakistan and now it has reached almo
Bollywood actress Urvashi Rautela is known more for her glamour and beauty than her acting. Today
Naturally, Delhi Chief Minister Arvind Kejriwal's arrest in a money laundering case related to th
If you are a Twitter user and do not have a blue tick, you may still have to pay a fee. As soon a
The city of Bareilly is very special for international artistes Nalini and Kamlini, who belong to
