RBI Monetary Policy: RBI may increase interest rates marginally, which may be announced on Wednesday

Posted on 5th Dec 2022 03:37 pm by rohit kumar

Regarding the next monetary policy of the Reserve Bank of India, experts have speculated that the central bank may increase the interest rates marginally. According to experts, amid signs of moderation in retail inflation and the need to prop up growth, the Reserve Bank may opt for a 25-35 bps hike in the repo rate in its upcoming monetary policy review on Wednesday. Explain that the Reserve Bank of India (RBI) will present its next bi-monthly policy review on December 7 at the end of the three-day meeting of the Monetary Policy Committee (MPC) starting from Monday.

 

 

Banking sector experts said on Friday that the Reserve Bank's six-member monetary policy committee may increase the repo rate by 0.25-0.35 percent. However, RBI may refrain from increasing the repo rate thereafter. In the previous meeting (September 30), the Reserve Bank had increased the repo rate by 0.50 percent to control retail inflation.

 

 

The Reserve Bank of India (RBI) had earlier increased the repo rate by 0.40 percent in May, 0.50 percent in June and 0.50 percent in August, and 0.50 percent in September. In this way, in the financial year 2022-23, the RBI has increased the repo rate by 1.90 percent from May till now, which has increased to the current level of 5.90 percent.

 

Also Read: SBI Ecowrap Report: India has the lowest inflation compared to developed countries, better management

Other news

Delhi is colder than Shimla, IMD told - how will be the weather in North India for the next three days

Entire North India including Delhi is in the grip of severe cold and cold waves. At this time Del

Former vice-chancellor of IGNOU and PTU acquitted in corruption case, acquitted after 10 years from CBI court

After a long legal battle of nearly 10 years, former IGNOU Vice-Chancellor VN Rajasekharan Pillai

Sai Pallavi: Sai Pallavi wanted to become a doctor, not an actress, know how her destiny changed

At present, South Cinema is hoisting the flag of its success not only in India but in the whole w

India will adopt the attacking approach in the Test: Bangladesh will have to avoid Pant-Ashwin; Know the possible playing 11 of both the teams before the first match

The 2 test series between India and Bangladesh is starting from 14 December. Both matches are ver

Ayodhya: Pakistani artists will also participate in the Ramlila organized on the inauguration of the Ram temple, which will start on January 17.

Ramleela of film artists will be seen in a new color this time. In Ramlila, artists from 14 count

'How can the Chief Justice be involved in the selection of the CBI Director', the Vice President raised a big question.

Vice President Jagdeep Dhankhar has made a big statement on the division of powers. He said that

Parents in India will keep an eye on their children's Instagram accounts, Meta has released a new feature.

Parents will now be able to keep an eye on teenagers using Instagram in India. Meta, the company

Baltimore Bridge Collapse: Two bodies were found a day after the bridge collapse; Officer said – the ship's crew is helping in the investigation

A search operation is underway in the Patapsco River after a bridge collapsed in Baltimore city o

MP Election 2023: Before voting, Shivraj performed Narmada puja, and Kamalnath went to the temple, see the voting of veterans here

Madhya Pradesh Assembly Election Polling Update: Voting is going on for all 230 assembly seats in

Delhi Kanjhawala Case: My friend was drunk, yet she insisted and drove the scooty; The friend of the deceased said in the inquiry

In the Sultanpuri accident, the Delhi Police found eyewitnesses. The friend of the deceased made