RBI: RBI may increase the repo rate by 0.35 percent this month

Posted on 1st Aug 2022 05:37 pm by rohit kumar

A few days after the US Federal Reserve hiked interest rates, the RBI may also increase the repo rate by 0.25 to 0.35 percent. According to experts, to control inflation, the central bank may increase the repo rate in the three-day meeting of the Monetary Policy Committee (MPC) starting on August 3. The results will be announced on August 5.

 

 

The central bank has already announced a gradual withdrawal of its soft monetary stance. RBI had increased the repo rate by 0.40 percent and 0.50 percent in May and June, respectively. Experts said the central bank will take the repo rate at least to pre-pandemic levels this week.

 

 

The MPC will hike the repo rate by 0.35% on August 5, said a BofA Global Research report. One cannot rule out the possibility of an aggressive 0.50% hike in the repo rate or even a softer 0.25%. Bank of Baroda said the Federal Reserve has increased the interest rates by 2.25% in the calendar year 2022. In such a situation, the RBI can also increase the interest rates more than the stipulated time.

 

Also Read: Industrial Output: Industrial production increased in the country, core sector output up 12.7% in June

Other news

Where is the 56-inch chest now? Owaisi said on Tawang dispute – Government lies on China matter

India-China Border Clash: Opposition parties are busy besieging the government regarding the inci

UGC NET Answer Key 2023: NET JRF answer key is about to be released, this is how you can check

UGC NET JRF Answer Key 2023: The National Testing Agency will soon release the answer key for the

NEET Answer Key 2022: Answer key of NEET UG exam may be released today, you will be able to check this way

NEET Answer Key 2022: National Testing Agency/NTA can release the answer key for National Eligibi

Sambhal Violence: Will Rahul and Priyanka be able to reach Sambhal? Police deployed on the UP border

Leader of Opposition in Lok Sabha Rahul Gandhi will visit Sambhal along with Congress MPs from Ut

China Covid-19 Cases: 9,005 cases of the corona were reported in China during 24 hours, lockdown in Guangzhou

Cases of corona infection in China are not taking the name decrease. According to the latest repo

Khalistan: Amidst the Khalistan controversy, Foreign Minister Jaishankar said a big thing about the Sikh community, and showed a mirror to Canada.

Indian Foreign Minister S Jaishankar is currently on a tour of America. During an event in Washin

Iran-Israel War: There will be no shortage of oil in India, these two countries have joined hands; and made a solid plan

If Iran closes the Strait of Hormuz, Saudi Arabia and Russia may select another route to supply c

Corona: Pirola variant of Corona found to be less infectious, study conducted in different laboratories

The new Pirola variant of Corona is less infectious in American laboratories. Research has been d

Will the World Cup practice be done by playing in India: Bounce will be the biggest challenge in Australia, know why Team India is still not in tension

The three-match T20 series between India and Australia is starting in Mohali on Tuesday. After th

Increase in electricity rate in Sri Lanka by 264%: Regulator gave permission, said - change is necessary to make up for the deficit

Tariffs will be increased by 264% for people who consume less electricity in Sri Lanka. Whereas f