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.
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
An orange alert was issued for rain in the national capital Delhi for the last two days, but Delh
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.
The US Embassy in India on Tuesday warned international students studying in the US that their st
Naveen-ul-Haq continues to be in the news after the match between Royal Challengers Bangalore and
Corona cases have increased rapidly in the country. The Health Ministry said that 2,208 new cases
Ranveer Allahbadia is a big name in the world of YouTube. He is also known as BeerBiceps. Ranveer
The ritual of the consecration of Ramlala at Shri Ram Janmabhoomi temple will start on Tuesday an
