Last Updated:February 17, 2025, 11:48 IST In the RBI’s Monetary Policy Committee (MPC) meeting held between February 05 to February 07, 2025, the members unanimously decided to cut its Repo Rate (benchmark lending rate) by 25 basis points to 6.25 per cent from 6.50 per cent. RBI cut repo rate by 25 bps. SBI Home…
Last Updated:February 15, 2025, 07:00 IST Lending and deposit rates are impacted by the repo rate drop because it reduces banks’ cost of funding. Lower fixed deposit (FD) interest rates will result from a lower repo rate, and vice versa. DCB Bank slashes FD rates post RBI repo rate cut. DCB Bank, a private sector…
RBI MPC meet: This is the first time in five years that the RBI’s MPC has decided to cut the repo rate. RBI MPC meet: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced that the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points. After…
MUMBAI: RBI’s monetary policy committee began its meeting on Wed and is expected to end its longest pause with a rate cut on Friday, the first in nearly five years.The last rate cut was in May 2020 when RBI lowered the repo rate to 4% to support the economy during the Covid-induced lockdown. It later…
NEW DELHI: The Reserve Bank of India (RBI) might start using the cash reserve ratio (CRR) as a tool for regulatory intervention rather than for liquidity management, a report by the State Bank of India revealed.The report stressed on the need for the apex bank to revise its current liquidity management framework.At present, the RBI…
The Reserve Bank of India has decided to launch podcasts to improve communication and effectively share information of public interest. This podcast continues the many initiatives the apex bank took over the past years to expand its communication toolkit to enhance transparency and facilitate better connections with people. Shaktikanta Das, the RBI governor on Friday…
What was RBI’s policy rationale for keeping the repo rate unchanged? RBI MPC meeting: The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday decided to keep the key repo rate unchanged at 6.5% by a 4:2 majority. The decision to keep the repo rate at status quo comes at a time when the…
