Skip to main content

RBI Policy Highlights: Bank deposit rates, home loan interest rate may see rise in tranches

KEY TAKEAWAYS FROM RBI MPC POLICY

The Reserve Bank of India hikes key lending rate or repo rate by 25bps to 6.25%
— Reverse repo rate now stands at 6%; FY19 growth projection retained at 7.4 %
— The central bank projects retail inflation at 4.8-4.9% for April-September, 4.7% in H2 FY18
— It sees major upside risk to the inflation path as crude prices rose 12%
— Says volatile crude oil prices adds uncertainty to its inflation outlook
— RBI expects boost to investments from swift resolution under the Insolvency & Bankruptcy Code
— Geo-political risks, financial market volatility, trade protectionism to impact domestic growth
— Adherence to budgetary targets by the Centre and states will ease upside risks to the inflation outlook
— All members of the monetary policy committee voted for a 0.25% rate hike
— Next meeting of the Monetary Policy Committee on July 31 and August 1
Labels:

Comments

Post a Comment

Popular posts from this blog

Flipkart, Amazon hit as govt tightens e-commerce norms

The revised e-commerce norms come in the backdrop of several complaints by traders on deep discounts offered by Flipkart and Amazon The government has prohibited e-commerce companies from entering into exclusive deals for products. Tightening e-commerce norms for online retail firms, such as Flipkart and Amazon, the government on Wednesday took a host of steps and barred them from selling products of the companies in which they have stakes. The commerce and industry ministry also prohibited e-commerce companies from entering into exclusive deals for products. “An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity,” the ministry said. Besides, the revised policy on FDI in e-commerce said that services should be provided by e-commerce marketplace entity o...
Post a Comment
Read more