Monetary Policy: In RBI's monetary policy review meeting today, the repo rate may increase for the fourth time

Posted on 28th Sep 2022 02:49 pm by rohit kumar

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

 

Also Read: New IPO: Four IPOs are coming on the market on September 27, know how long you can invest? What is the price band?

Other news

Weather Update: Apart from Delhi-NCR, there is a possibility of heavy rain in many parts of the country, and snowfall in the mountains; Know in which states there is an alert

India Meteorological Department (IMD) in its latest weather forecast said that there may be heavy

Weather Today: Hail may fall in many states including Delhi, Uttar Pradesh, know the latest weather condition

It rained heavily in many areas of the country on Thursday night. According to the Meteorological

PM Modi: PM Modi's vigorous campaign with 183 rallies-road shows and 80 interviews, now he has reached Kanyakumari to meditate

After the campaign for the general election ended, PM Modi reached Kanyakumari to meditate. In Ka

Sunil Lahri: It was difficult to digest the VFX sequences in the teaser of 'Adipurush', said Laxman of Ramayana

The teaser of Prabhas starrer film 'Adipurush' directed by Om Raut was recently launched grandly

Bold beauty's wild card entry in Bigg Boss 19, Tanya Mittal, on target, said- 'blouse in front of the camera...'

Controversial reality show Bigg Boss Season 19 is attracting everyone's attention at this time. T

Gonda Train Accident: New revelation in Gonda accident, this is why the train derailed; secret revealed by joint investigation report.

In the Chandigarh-Dibrugarh Express derailment on the Gonda-Mankapur rail section, the investigat

Tirupati Temple Laddu Scam: Prasad made with 68 lakh kg of fake ghee, what is the Rs 250 crore scam?

The former head of the temple board has been questioned in connection with the alleged adulterati

Cyclone Montha: Red alert issued in Odisha and Andhra Pradesh, cold intensifies in Delhi and Uttar Pradesh; these states will experience torrential rain.

The impact of Cyclone Montha is being felt along the coastal areas of Tamil Nadu, Andhra Pradesh,

Salman Khan has got another action thriller, South Cinema filmmaker confirmed

Bollywood's mega superstar Salman Khan has been away from the silver screens for the last year. H

An impeachment motion can be brought against the Chief Election Commissioner; the opposition will play a big bet amid the uproar over 'vote theft'!

In view of the Bihar elections, the opposition parties have opened a front against the Election C