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.

Did you know?Explore Trending and Topic pages for more stories like this.

 

 

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

1 Like 0 Dislike
Previous news Next news
Other news

Alla-hu-Akbar slogans outside the temple in England: Muslim demonstrations at Smithwick; Violence took place in Leicester 2 days ago

Hindu temples are on target in England. In the town of Smithwick here, members of the Muslim comm

US: Proposal presented in the American state of Ohio to declare October as Hindu heritage month

An Indian-American MLA has resolved in the Ohio Senate to declare October as a 'Hindu Heritage Mo

Weather Update: Monsoon speed weakens in Delhi! Heavy rain in many states including UP-Bihar; Know the latest weather condition

An orange alert was issued for rain in the national capital Delhi for the last two days, but Delh

Gold Silver Price Today: The downward trend continues in the bullion market; silver falls by ₹16,000, and gold becomes ₹3,400 cheaper.

Gold and silver prices continue to fluctuate. Gold has become cheaper by up to ₹3,400, while si

IND vs AUS: Rohit Sharma becomes India's second most successful T20I captain, surpasses Virat Kohli

Rohit Sharma has become the second most successful captain of India in T20 International cricket.

US Law: Student visa may be canceled if you leave your studies midway; Embassy warns international students

The US Embassy in India on Tuesday warned international students studying in the US that their st

Naveen-ul-Haq: Who is 'Naveen' because of whom Kohli and Gambhir fought, how to reach IPL from Afghanistan

Naveen-ul-Haq continues to be in the news after the match between Royal Challengers Bangalore and

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

Ranveer Allahbadia: What did Ranveer Allahbadia say on Samay Raina's show? Now action is being demanded.

Ranveer Allahbadia is a big name in the world of YouTube. He is also known as BeerBiceps. Ranveer

Prana Pratistha ritual from today: Ramlala will sit on the throne on the 18th, and the idol worshiped for 70 years will also be kept.

The ritual of the consecration of Ramlala at Shri Ram Janmabhoomi temple will start on Tuesday an

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash