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RBI policy rate News

03 Oct 2018

RBI rate-setting panel begins three-day meet

After two successive hikes, the repo rate currently stands at 6.50 percent.

Reserve Bank of India

27 Dec 2017

RBI to cut rates 25 bps in Apr to signal lower lending rates: BofAML

The Reserve Bank in its fifth bi-monthly review of this fiscal kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent.

05 Feb 2017

RBI policy, IIP, Q3 data major deciders of market this week

Reserve Bank's monetary policy review meet this week, key macro data and corporate quarterly earnings will size up the market this week, say experts.

17 Feb 2016

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

Inflation based on the Consumer Price Index (CPI) is likely to remain in the 5.6-5.8 percent range over the next two months, Deutsche Bank said in a research note, predicting that RBI would cut the policy rate "one more time".

24 Jul 2015

Govt proposes to dilute RBI chief's power; can't veto on policy rate

In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.

State Bank of Travancore

09 Mar 2015

State Bank of Travancore cuts base rate to 10.15 per cent

State Bank of Travancore (SBT) today became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.

25 Feb 2015

Rajan went by majority opinion of advisors on RBI policy rate

RBI Governor Raghuram Rajan went by the majority suggestion of the central bank's external advisors to wait for signals from the Union Budget before reducing key interest rate, although three of the seven members were for a cut of 25-75 basis point.

16 Jan 2015

RBI rate cut decision 'turning point', will boost growth: FM

Finance Minister Arun Jaitley on Friday described the decision of RBI to cut key policy rate by 0.25 percent as an "important turning point" and hoped it would engender faster growth.

05 Sep 2014

RBI to hold rates on Sept 30; may cut in Feb: BofA-ML

The Reserve Bank of India is likely to hold the key interest rate in its policy review meeting later this month and is expected to lower that from February, says a Bank of America Merrill Lynch report.

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