Tag: Policy repo rate

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May Sees Wholesale Inflation Drop to Negative 3.48%

India's wholesale inflation rate fell to (-)3.48% in May 2023 with decline in prices of basic metals, crude petroleum, food products, textiles, non-food items, and mineral oils. The Reserve Bank of India has kept policy repo rate unchanged at 6.5%, mirroring the downward trend in inflation rates.

RBI Holds Variable Rate Reverse Repo Auction to Manage Liquidity

The Reserve Bank of India will conduct a four-day VRRR auction to withdraw excess liquidity from the banking system. This comes after the recent 14-day auction received a muted response from banks due to heavy expected outflows. The RBI Governor has indicated flexibility to meet the economy's needs, and experts predict no repo rate changes at the upcoming MPC meeting.

RBI likely to maintain interest rate pause as inflation falls: experts

Experts predict the RBI will keep the policy repo rate at 6.5% in June, due to reduced retail inflation. This confirms the effectiveness of previous rate actions.

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RBI Holds Variable Rate Reverse Repo Auction to Manage Liquidity

The Reserve Bank of India will conduct a four-day VRRR auction to withdraw excess liquidity from the banking system. This comes after the recent 14-day auction received a muted response from banks due to heavy expected outflows. The RBI Governor has indicated flexibility to meet the economy's needs, and experts predict no repo rate changes at the upcoming MPC meeting.

RBI likely to maintain interest rate pause as inflation falls: experts

Experts predict the RBI will keep the policy repo rate at 6.5% in June, due to reduced retail inflation. This confirms the effectiveness of previous rate actions.

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