Monetary Policy Committee
04 Dec 2020
On Friday, the Reserve Bank of India revised the real GDP growth projection for 2020-21 to -7.5%, after initially predicting that it would be -9.5%.
06 Aug 2020
On Thursday, RBI Governor Shaktikanta Das announced that repo rate and reverse repo rate will not change, a move which would keep retail prices contained.
27 Mar 2020
RBI has cut repo rate by 75 basis points, bringing it down from 5.15% to 4.4%, Governor Shaktikanta Das told media at a briefing on Friday. The reverse repo rate was reduced by 90 basis points to 4%.
16 Mar 2020
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.
04 Oct 2019
On Friday, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.15% in its "accommodative" stance to revive growth.
24 Jun 2019
Viral Acharya, the Deputy Governor of Reserve Bank of India (RBI), has tendered his resignation, Business Standard reported on Monday.
11 Jun 2019
The Reserve Bank of India (RBI) has decided to waive off all charges on RTGS and NEFT system fund transfers from July 1, 2019.
06 Jun 2019
In a move to boost digital transactions, the Reserve Bank of India (RBI) on Thursday removed NEFT and RTGS charges from transactions.
07 Feb 2019
Taking a major policy U-turn, the RBI's six-member Monetary Policy Committee (MPC) headed by newly-appointed Governor Shaktikanta Das lowered the repo rate by 25 basis points to 6.25%.
05 Dec 2018
The Reserve Bank of India today left the repo rate unchanged while maintaining the stance of "calibrated tightening" of policy. The key rate remains unchanged at 6.5%.
02 Dec 2018
The Reserve Bank is likely to maintain status quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, suggested experts.
05 Oct 2018
The Reserve Bank opted for a surprising status quo at the bi-monthly review today on expectations of softening price rise, but changed the policy stance to "calibrated tightening" from "neutral".
06 Jun 2018
Reserve Bank of India, for the first time in four-and-half-years, raised key interest rate today by 25 basis points to 6.25% on inflation concerns from a surge in international oil prices.
04 Jun 2018
Here comes your daily roundup of business news.
05 Apr 2018
The Reserve Bank of India announced on Thursday that it might introduce a central bank digital currency.
04 Apr 2018
The BSE Sensex rose nearly 100 points in opening trade on Wednesday ahead of Reserve Bank of India's monetary policy review that begins today.
07 Feb 2018
The RBI has kept the repo rate unchanged at 6% for the third time, even as inflation reached a 17-month high.
06 Dec 2017
The RBI's six-member Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6%, second time in a row, in its fifth bi-monthly policy review.
04 Oct 2017
Urjit Patel-led six-member Monetary Policy Committee (MPC) of Reserve Bank of India has kept the repo rate unchanged at 6% as per expectations.
04 Oct 2017
The RBI has kept the repo rate, the rate at which banks borrow from RBI, unchanged at 6%. It comes after retail inflation hit a 5-month high of 3.36% in August.
08 Feb 2017
Reserve Bank of India kept Repo rate steady at 6.25 per cent as announced in its Monetary Policy Review on Wednesday.
23 Dec 2016
Amidst rising expectations of a rate cut in February, the minutes of the monetary policy committee meeting shows otherwise.
22 Nov 2016
After the sudden announcement of withdrawing nearly 85% of the economy's currency in circulation, industry experts predict that lesser cash availability might trigger a rate cut in the upcoming policy meet.