Everyone be ready...! RBI monetary policy meeting has started..!
The Reserve bank of India's monetary policy meeting began today. Important decisions were taken at the meeting to curb rising inflation and the continued depreciation of the rupee. The entire investment market turned upside down after the US hiked its benchmark interest rate to 0.75 percent to curb inflation. In this situation, the decision to be taken by the Monetary Policy Committee headed by Shaktikanta Das is very important.
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How much interest rate will RBI raise in this monetary policy meeting..? As the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india begins its bi-monthly monetary policy meeting today, the RBI is set to take decisions at the MPC meeting today to curb inflation, which is the main objective of all other central banks in the world. While the RBI has already hiked interest rates several times and announced a higher interest rate than the pre-Corona measurement, it is expected to increase the interest rate in the range of 0.30 percent to 0.50 percent in the monetary policy meeting that started today.
In the last monetary policy meeting, the RBI hiked the repo rate by 50 basis points or 0.50 percent to 5.40 percent. This is higher than the pre-coronavirus rate of 5.15 percent. The basic idea is that when the interest rate is raised, the demand in the market will decrease, thereby controlling inflation. It is also expected that the RBI bank will decide on line with the market trend of the world countries.
The RBI has set a target of bringing the country's inflation to 6 percent and below. Inflation remains above 6 percent in the first 3 quarters of 2022-23. When the interest rate rises, the interest on all loans generally increases, not only the monthly EMIs but also the interest rate on new loans.
The Reserve bank of India's monetary policy meeting began today. Important decisions were taken at the meeting to curb rising inflation and the continued depreciation of the rupee. The entire investment market turned upside down after the US hiked its benchmark interest rate to 0.75 percent to curb inflation. In this situation, the decision to be taken by the Monetary Policy Committee headed by Shaktikanta Das is very important.
How much interest rate will RBI raise in this monetary policy meeting..? As the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india begins its bi-monthly monetary policy meeting today, the RBI is set to take decisions at the MPC meeting today to curb inflation, which is the main objective of all other central banks in the world. While the RBI has already hiked interest rates several times and announced a higher interest rate than the pre-Corona measurement, it is expected to increase the interest rate in the range of 0.30 percent to 0.50 percent in the monetary policy meeting that started today.In the last monetary policy meeting, the RBI hiked the repo rate by 50 basis points or 0.50 percent to 5.40 percent. This is higher than the pre-coronavirus rate of 5.15 percent. The basic idea is that when the interest rate is raised, the demand in the market will decrease, thereby controlling inflation. It is also expected that the RBI bank will decide on line with the market trend of the world countries.The RBI has set a target of bringing the country's inflation to 6 percent and below. Inflation remains above 6 percent in the first 3 quarters of 2022-23. When the interest rate rises, the interest on all loans generally increases, not only the monthly EMIs but also the interest rate on new loans.
