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Mumbai: Softer lending rates in the Indian economy due to the transmission of the RBI’s repo rate cuts to other rates, such as bank lending rates and deposit rates, continued in July, leading to an improvement in financial conditions during the month, according to a report released on Wednesday. Key bank lending rates, such as…
RBI Monetary Policy Committee Meeting, Repo Rate Cut Live Updates: RBI Governor Sanjay Malhotra is set to announce the Monetary Policy Committee’s decision on interest rates in the country, at 10 am today. Though most economists expect the central bank to keep the repo rate unchanged, several say that the RBI MPC might announce a…
New Delhi8 minutes ago Copy link Sanjay Malhotra, Governor, Reserve Bank of India (File Photo) Got relief from inflation. Retail inflation was just 2.1% in June. Now the loan installments can also decrease further. The repo rate may be reduced again in the meeting to be held in the Reserve Bank of August. RBI Governor…
RBI MPC Meeting June 2025 Live Updates: The Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) will announce its interest rate decision today, June 6, at 10 AM. RBI Governor Sanjay Malhotra will share the outcome of the three-day meeting that began on June 4. The MPC has already cut the repo rate— the…
New14 minutes ago Copy link State Bank of India (SBI) has cut the interest rates of fixed deposits (FD) by up to 0.20%. SBI will now get 6.70% interest on providing 1 year FD. The new interest rates will be applicable from April 15. Earlier, recently Canara Bank and Kotak Mahindra Bank have also cut…
Last Updated:January 31, 2025, 22:58 is On February 1, Finance Minister Nirmala Sitharaman will present a record eighth consecutive budget for the financial year 2025-26. Representative image of Rs 500 currency notes | PTI This February, several financial changes are set to take effect, including the announcement of the Union Budget 2025new rules for UPI…