The meeting of the Monetary Policy Committee (MPC) chaired by Reserve Bank of India (RBI) Governor Shaktikanta Das has started today and its results will be announced on October 8. The monetary policy committee of the central bank meets every two months. In this meeting, the reforms in the economy are discussed as well as interest rates are decided. Experts believe that amid fears of a third wave of Covid-19 and rising inflation, the central may maintain the policy interest rate at the current level in the bi-monthly review to be announced on Friday.
Experts claim – pressure on the central bank to keep inflation under control
Morgan Stanley says that while keeping interest rates unchanged, RBI will continue its soft stance in the upcoming meeting. In the current financial year, consumer price index-based inflation will be around five percent. SBI Chairman Dinesh Khara had recently predicted the interest rates to remain unchanged.
Interest rates are expected to remain stable for the eighth time in a row
The six-member Monetary Policy Committee headed by Central Bank Governor Shaktikanta Das decides on policy rates. In the last meeting held on August 8, the central bank had retained the repo rate for the seventh time in a row at four percent. That is, customers did not get relief on EMI or loan interest rates. The Marginal Standing Facility (MSF) rate is also stable at 4.25 percent. The reverse repo rate was also kept constant at 3.35 percent. Along with this, it was decided not to make any change in the bank rate. It is at 4.25 percent.
On the other hand, Deloitte India economist Rumki Mazumdar said the RBI is under pressure to change its stance as inflation is rising due to monetary policy in some industrialized countries.
The Supreme Court will hear on Monday several PILs seeking intervention in the matter of adultera
In West Bengal, a case of stone pelting has once again come to the fore on the Vande Bharat train
Big news for the candidates who appeared in the Company Secretary June 2023 examinations. CS Prof
Before Army Day, Army Chief General Manoj Pandey said that this time's event is special. Because
Sikhs for Justice (SFJ), an organization led by Khalistani terrorist Gurpatwant Singh Pannu, has
US-based terrorist Harpreet Singh alias Happy Pasia has been arrested. The FBI and the US Immigra
In the last 10 years, there has been an unexpected demographic change in the districts bordering
Covid Outbreak In Noida: Eight more school children found corona infected, classes will run online
Amidst the apprehension of a new variant, children in the district have once again come under the
The World Meteorological Organization has warned of a rise in global temperatures. Also said that
The Indian team, led by Suryakumar Yadav, maintained its unbeaten run in the Asia Cup, defeating
