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

Coronavirus Updates: Corona cases doubled in the country, with 2208 new cases in 24 hours; 12 patients died

Corona cases have increased rapidly in the country. The Health Ministry said that 2,208 new cases

Mandi Lok Sabha Election Result 2024: Kangana became 'Queen' in the first election itself, Congress was defeated; Vikramaditya suffered a crushing defeat

Bollywood queen Kangana Ranaut has made her mark in Mandi parliamentary constituency. Kangana has

Salman Khan Birthday: 'I want children but not mother' when Salman Khan told the biggest reason for being single

Today is the birthday of fans' favorite Bhaijaan i.e. Salman Khan. On his birthday, he is getting

Why did Modi-Modi slogans, Arvind Kejriwal laughed and explained the reason

Delhi Chief Minister and Aam Aadmi Party convener Arvind Kejriwal campaigned for the party in Guj

Coronavirus Update: 159 new cases of corona found in the country in 24 hours, decrease in active cases, know the latest updates

There is a continuous decrease in the cases of the corona virus in India. In the last 24 hours, 1

'Rahul Gandhi talks about running a love shop, it should also be visible...' AAP leader taunts Congress

These days the Aam Aadmi Party government of Delhi is engaged in mobilizing the opposition agains

'Until our problems are not resolved, every help is useless', Shehbaz Sharif said on the plight of Pakistan

Pakistan is facing a financial crisis these days. The situation is such that there is a continuou

Lava Blaze 5G: The cheapest 5G smartphone launched with a great camera, will give competition to these already existing mobiles

Lava Smartphone: Lava has launched its affordable 5G phone in India. The design of this smartphon

Guru Randhawa: 'It's the same thing whether mummy is better or daddy', Guru spoke in comparison of the Bollywood-Punjabi industry

Singer-turned-actor Guru Randhawa is all set to make his Punjabi debut with the musical love stor

WPL 2024 Points Table: Delhi Capitals have settled their score by defeating Mumbai, this is the latest status of the points table

Meg Lanning-led Delhi Capitals defeated Mumbai Indians in the 12th match of the Women's Premier L