Repo Rate: There may be an increase in repo rates again in June, RBI governor gave these big indications


Posted on 23rd May 2022 04:47 pm by rohit kumar

To control the ever-increasing inflation in the country, in the first week of May, the Reserve Bank of India (RBI) had hurriedly called a meeting of the MPC and increased the repo rates by 0.40 percent. At the same time, RBI Governor Shaktikanta Das has again indicated an increase in policy rates.

 

 

After the announcement of reducing the excise duty on petrol and diesel by the Central Government, now RBI Governor Shaktikanta Das said that the possibility of a further increase in repo rates could be done in the next meeting. During an interview with an English TV channel, he said the policy rates were raised to 4.40 earlier this month. Now, these can be increased to 5.15 percent, which was the level before Corona. It is worth noting that the next meeting of the RBI Monetary Committee (MPC) is to be held in June, in which the decision to hike repo rates is likely to be taken.

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

 

Also Read: Ola-Uber: Strictness on the arbitrariness of Ola-Uber, know in five points why CCPA issued notice to both

1 Like 0 Dislike
Previous news Next news
Other news

Former Canadian PM Justin Trudeau's relationship with Katy Perry becomes official, the couple was seen holding each other's hands.

A piece of news from Hollywood is currently going viral. This news is linked to pop sensation Kat

After 17 years, England's team came to Pakistan, PCB would still suffer a big loss

The England team has toured Pakistan after a long gap of 17 years. The Pakistan Cricket Board sho

iPhone 18 Pro, Pro Max Sale Begins: Huge Queues Outside Apple Stores in Delhi, Mumbai, Bengaluru

Apple has officially started selling the iPhone 18 Pro and iPhone 18 Pro Max in India on Friday,

Disproportionate assets case: Om Prakash Chautala sentenced to 4 years, fined Rs 50 lakh

Former Haryana Chief Minister and Indian National Lok Dal (INLD) supremo Om Prakash Chautala, con

IND W vs SA W: South Africa halt India's winning streak, Laura Clarke's half-centuries, Richa's hard work goes in vain

South Africa defeated India by three wickets. In a thrilling Women's World Cup match played in Vi

Will South Africa, and Sri Lanka not be able to play the World Cup: Ireland can spoil the game of three big teams

There is still doubt about the playing of veteran teams like South Africa, Sri Lanka, and West In

Covid In China: Corona created an outcry in China, WHO expressed concern over the increase in cases

The head of the World Health Organization said the agency is deeply concerned about increasing re

Wreckage of China's rocket fell on the earth: There was a bright light in the sky, people said on social media - it is like a meteorite rain

China's Long March 5B rocket hits Earth. The rocket burned up as soon as it entered the Earth's a

Covid-19: Corona wreaks havoc on China, girls are postponing marriage plans, and fewer children are born in the country

The increasing cases of Coronavirus infection in China have troubled the Chinese government as th

PM Gifts Putin Bhagavad Gita: PM Modi gifted Putin a copy of the Shrimad Bhagavad Gita written in the Russian language and made an important statement.

Prime Minister Narendra Modi presented Russian President Vladimir Putin with a copy of the Bhagav

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