RBI Financial Coverage 2023 Highlights: Reserve Financial institution of India (RBI) governor Shaktikanta Das on Wednesday made the central financial institution’s first Financial Coverage assertion of the yr. Das is introduced the choices taken by the RBI’s Financial Coverage Committee (MPC), which met for 3 days beginning February 6.
The repo fee underwent a sixth straight hike, and is now at 6.5%, after a rise of 0.35%.
In December 2022, after that yr’s final MPC meet, the RBI raised the repo fee by 0.35 share factors to six.25%, the prevailing fee. This fifth consecutive rate of interest hike took the repo fee to its highest since March 2019. The reverse repo fee, alternatively, was left unchanged at 3.35%.
Observe all of the updates right here:
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Feb 08, 2023 10:41 AM IST
Inbound passengers to India can use UPI: Shaktikanta Das
These arriving to India can use UPI for funds. Facility to be prolonged first to these travelling right here for September’s G20 summit and associated pre-events. Learn
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Feb 08, 2023 10:33 AM IST
RBI tasks inflation at 6.5% for FY’23
Inflation projected at 6.5% for the present monetary yr 2022-23. On the belief of a standard monsoon, CPI inflation projected at 5.3% for 2023-24: Shaktikanta Das
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Feb 08, 2023 10:23 AM IST
‘Inflation anticipated to common 5.6%’
“Inflation prone to keep above 4% goal this yr, and anticipated to common 5.6% within the 4th quarter of 2023-24,” says RBI governor.
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Feb 08, 2023 10:18 AM IST
Actual GDP development for FY’24 projected at 6.4%
MPC tasks GDP will develop at 6.4% in monetary yr 2023-24: Shakitkanta Das
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Feb 08, 2023 10:08 AM IST
RBI will increase repo fee by 25 bps to six.5%
The coverage repo fee elevated by 25 bps to six.5% by a majority of 4-2, broadcasts Shaktikanta Das. Learn
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Feb 08, 2023 10:03 AM IST
Shaktikanta Das begins speech
RBI governor begins handle to announce the RBI’s first Financial Coverage assertion of 2023.
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Feb 08, 2023 09:56 AM IST
Repo fee hiked in earlier meet
The MPC, in its earlier meet, in December 2022, raised the repo fee by 0.35% however stored reverse repo fee unchanged. Learn
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Feb 08, 2023 09:48 AM IST
What’s financial coverage, repo fee and reverse repo fee?
This is all you have to learn about financial coverage, repo fee and reverse repo fee. Learn
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Feb 08, 2023 09:43 AM IST
The place to look at RBI governor’s handle?
The speech can be aired dwell on the RBI’s YouTube channel. Information channels, too, will present dwell protection of the handle.
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Feb 08, 2023 09:29 AM IST
RBI to make first Financial Coverage assertion of 2023
At 10 am, RBI governor Shaktikanta Das will temporary the media, and announce the choices taken by the central financial institution’s MPC, which met for 3 days beginning February 6.