The Reserve Bank of India may increase the repo rate by half a percent in the coming two monetary policy reviews. It may increase by 25 basis points in June and 25 basis points in August. The effort of the central bank is to reduce the rate of inflation, due to which it will have to take such a step.
SBI Chief Economist Soumyakanti Ghosh said in a report that after hitting 6.95 percent in March, it is likely to rise above 7 percent by September. During this, the good thing is that the government is continuously increasing investment. 10 lakh crores have been invested in the last two years.
The Repo rate is now 4 percent
The Repo rate is the rate at which banks borrow from the Reserve Bank. It is currently at 4 percent. He said that from April 2022 to March 2023, the rate of inflation could be 6.5 percent. With this, the interest of 10 years of government securities is currently 7.24 percent, which can go up to 7.75 percent by September.
Estimated growth of 10-11 percent in borrowings
Sougata Bhattacharya, Chief Economist, of Axis Bank, said that next year we can see 10-11 percent growth in lending. He says that with the increase in the repo rate, the net interest margin of the bank will also increase. With the rate of inflation going up, the Reserve Bank has no way but to increase the rates. Therefore, in the June monetary policy review, the repo rate may increase by 50 basis points.
Crude oil prices may remain near $90
He says that no one knows when crude oil prices will come down. But it is not going to go below $75 to $80 a barrel. However, it can remain above $ 90 per barrel in the coming time.
Shrikant Tyagi: Fugitive Shrikant Tyagi arrested, STF caught from close friend's house in Meerut
Police have arrested Shrikant Tyagi, accused of indecent, abusing, and pushing a woman in Grand O
India's Foreign Minister S Jaishankar has put a condition on Monday for starting talks with Pakis
Delhi Chief Minister Arvind Kejriwal's PA Vibhav Kumar, who is embroiled in the Aam Aadmi Party's
Weather patterns are changing rapidly in North India. Mercury is falling rapidly in all the state
For a long time, there have been rumors of the separation of choreographer and social media perso
Pakistan defeated South Africa in the T20 World Cup to keep their hopes of entering the semi-fina
Nikki Haley, the presidential candidate from the Republican Party in America, says that among all
An ISI officer was killed in Pakistan's Punjab, and police raiding to find the accused
The two policemen killed in an attack by unidentified gunmen on December 3 in the Khanewal distri
Only a few days remain for the Maharashtra Assembly elections. While campaigning for the BJP, Uni
Twinkle Khanna is currently in the news for her talk show. Her camaraderie with Kajol is entertai
