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6 days ago · Data on forward premia are sourced from FBIL with effect from October 13, 2023. Figures in parentheses include the impact of merger of a non-bank with a bank.
4 days ago · G. Cash Reserves Position of Scheduled Commercial Banks. (i) Cash balances with RBI as on. June 30, 2024. 1,011,340.12. (ii) Average daily cash reserve requirement for the fortnight ending. July 12, 2024. 972,963.00. H. Government of India Surplus Cash Balance Reckoned for Auction as on ¥. June 28, 2024.
Jun 7, 2024 · Current reverse repo rate is at 3.35%. Reserve Bank of India Lends money to Commercial Banks at Repo rate, i.e. Reserve Bank of India (RBI) to maintain liquidity, in case of shortage of funds or due to some statutory measures. It is one of the main tools of RBI to keep inflation under control.
Jun 7, 2024 · Repo rate, the rate at which the Reserve Bank of India lends to commercial banks, currently stands at 6.5%. RBI initiated the rate hike cycle in 2022 and since then the repo rate has been raised by 250 basis points. RBI’s Monetary Policy Committee, led by the RBI governor, has six members.
Jun 21, 2024 · Current Repo Rate in India (2024) On June 8, 2024, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decided to keep the key policy repo rate unchanged at 6.50 percent for the...
The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to...
RBI expected to maintain key interest rate due to inflation concerns. The Reserve Bank of India governor Shaktikanta Das will announce the bi-monthly policy on Thursday, with experts...
Dec 8, 2023 · Reserve Bank of India keeps repo rate unchanged at 6.5%. The Reserve Bank of India's Monetary Policy Committee ( MPC) unanimously opted to maintain the repo rate at 6.5 per cent for the fifth consecutive time, RBI Governor Shaktikanta Das said on Friday.
Feb 8, 2023 · The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday hiked the key policy rate, the Repo rate or the rate at which the RBI lends funds to banks, by 25 basis points to 6.50 per cent in a bid to rein in retail inflation.
Apr 6, 2023 · In an unexpected move, the Reserve Bank of India’s Monetary Policy Committee on Thursday left the repo rate unchanged to 6.5%. This is the first time since May 2022 the central bank has not tweaked interest rates. The RBI has raised interest rates by a cumulative 250 basis points since May in its year-long battle against inflation.
