RBI Raised Repo Rate By 40 bps: How It Will Affect
RBI (Reserve Bank of India) on Wednesday, raised its key lending rate by 40 basis points to 4.40% with immediate effect after the emergency meeting. Along with this, the Central Bank also announced a hike in the cash reserve ratio by 50 basis points. The decision was taken by the Monetary Policy Company (MPC) in…
abhinav singh
RBI Decided To Keep The Interest Rates Unchanged to 4%
RBI Monetary Policy February 2022 has announced on Thursday. The Reserve bank kept the interest rate unchanged to 4% and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation, announced by RBI Governor Shrikanta Das in the MPC meeting. He added that RBI will maintain an accommodative stance…
John David
RBI Normalises Liquidity After The Secondary Sales Of Securities
The Reserve Bank Of India recently sold sovereign securities worth rupees 1,435 crores in the secondary market, clearing the sign of liquidity mobilisation. Indian benchmark yields hit their highest level in the past two years, due to the sale of bonds in the recent auctions. Resulting in a rise of the 10-year-old bond yield of…