Deutsche Bank said on Monday that fears of a sharp increase in monetary rates by the Reserve Bank of India (RBI) are now weakening. A higher rate hike is not expected by the RBI in September and the central bank may opt for a 0.25 percent hike in the repo rate.
RBI has increased the repo rate three times in a row since May this year. After May, it increased by 1.40 percent. The high level of inflation has forced the RBI to do so. At present, the inflation figures in the country are above the tolerance level set by the government.
Will RBI reduce rates?
In a report, the Germany-based bank said that based on the recently issued MoM of the last meeting of the Monetary Policy Committee (RBI MPC), it can be said that the RBI will now slow down the rate hike. The report pointed to the statement of RBI Governor Shaktikanta Das, where he said that any rate hike action would be taken very carefully and with due diligence and would be implemented to yield quick results.
RBI executive director Rajiv Ranjan, who is also a member of the MPC, has suggested a similar policy, the report said. According to the report, Ranjan has said in his statement that further policy actions will increase the credibility of monetary policy and there will be less need for aggressive rate hikes in the future. RBI Deputy Governor Michael Patra has also given similar indications. Let us tell you that RBI has already taken measures like increasing the repo rate to prevent inflation. In FY2011, the repo rate was increased by 2 percent to 6.75 percent. After this, in the financial year 2012, the repo rate was increased to 1.75 percent and it went up to 8.50 percent.
In another report, domestic brokerage agency Kotak Securities has said that the MPC MoM makes it clear that further rate hikes are required to ensure the credibility of monetary policy.
Road accidents are a major reason for untimely deaths in cities. To reduce these deaths, many cou
India and Pakistan faced each other for the first time in the World Cup on 4 March 1992 at the Sy
Alien News: Many types of claims are made about aliens every day in the world. Sometimes people m
What kind of security cover the former governors of Jammu and Kashmir have got, for how long have
The Bharat Jodo Yatra of Congress, which is being led by MP Rahul Gandhi, progressed in the Nande
Even after six days of the order of the Punjab and Haryana High Court, the Haryana government has
Mobiles of 20 leaders stolen at Kejriwal's rally: CM was doing road show regarding MCD elections
AAP leaders are continuously campaigning for the MCD elections in Delhi. On Wednesday, CM Arvind
Pakistan Prime Minister Shahbaz Sharif on Tuesday cited three critical structural flaws. He has s
Vladimir Zelensky meets soldiers on Armed Forces Day, Soldiers meet President in Donbass
Ukrainian President Vladimir Zelensky met with troops in eastern Ukraine on Tuesday. Let us tell
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
