Interest rates on home, vehicle, personal and other loans in the banking system will remain unchanged with the Monetary Policy Committee (MPC) of the Reserve Bank of India keeping the Repo rate unchanged at 6.5 per cent in its monetary policy review amid rising risks to inflation due to the recent spike in vegetable prices. …
Image Source : PEXELS Man welding round window frame in a factory The Indian economy is projected to grow by 8.3% to 8.5% in the April-June quarter of 2022-23, higher than the Reserve Bank of India’s (RBI) forecast of 8%, according to economists. The RBI had forecast a growth of 8% in the April-June quarter …
Image Source : FILE Wholesale Price Inflation rate in India contracts further to 4.12% in June India’s wholesale inflation in June 2023 contracted to (-) 4.12 per cent due to decreasing prices of food, fuel, and manufactured items, as per the recently released official data on Friday. According to the Ministry of Commerce and Industry, …
Image Source: PTI Monetary Policy Committee: ‘Fight against inflation not over, job only half done,’ says RBI Governor According to Shaktikanta Das, the governor of the Reserve Bank of India, bringing India’s inflation levels back to a manageable range is akin to completing a task that is halfway done. He emphasizes the need for consistently …