FD rates: Ahead of the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee’s (MPC) meeting this week, some of the public and private banks have revised their fixed deposit rates. The Repo Rate established by the Reserve Bank of India (RBI) plays a significant role in influencing Fixed Deposit (FD) rates. It dictates the … Read more
The Monetary Policy Committee has, unanimously, opted to maintain the repo rate at 4.00%. With a 5:1 majority, the committee also opted to maintain an accommodative stance in order to support economic growth and recovery, RBI Governor Shaktikanta Das announced on Thursday. This is the tenth consecutive time that the rate has remained unchanged. The … Read more
While the Omicron variant-led third wave of Covid-19 in India might be around for a shorter duration, it may mildly increase the inflationary pressures and may cause a delay in a reverse repo rate hike from February to April, research firm Nomura wrote. Research shows that the Indian economy has entered the third wave in … Read more
NEW DELHI: Perhaps the biggest takeaway for markets from the Reserve Bank of India’s monetary policy statement last week was that normalisation of the ultra-accommodative policies has started in the country. The central bank, aware of the risks of adding fresh liquidity to the banking system amid upside risks to inflation, paused the government security … Read more