How to Calculate the Repo Rate? The interest rates that commercial banks pay to the RBI or get when they put money in the RBI must be agreed upon and standardised. The repo rate is key to keeping ...

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is expected to cut the repo rate for the first time in nearly five years in its upcoming meeting scheduled from February 5 to 7.

The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, in his first monetary policy review, announced a 25-basis point rate cut to bring down the benchmark repo rate to 6.25% ...

Besides unanimously voting for repo rate cut from 6.50 per cent to 6.25 per cent (the first revision in the rate after it was kept unchanged for two years) with effect from February 7, the members ...

The February meeting of the MPC, which was the first chaired by Malhotra, reduced the policy repo rate — after five years — by 25 basis points (bps) to 6.25 per cent.

The Reserve Bank of India (RBI) is expected to cut repo rate by 25-50 basis points (Bps) to 5.7 percent going ahead amid concerns over growth, said economists. Further, they added that the central ...

(Reuters) -The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at ...

SBI cuts home loan rate: Following the decision of the Reserve Bank of India (RBI) announcement to cut repo rates by 25 basis points (bps), the State Bank of India (SBI) - the country's largest ...

Slumping savings rates have also put pressure on deposits. The seven-day interbank repo rate has stayed well above the PBOC’s own reverse repo rate, a key anchor for the market. The spread ...

(Bloomberg) -- A Bank of Canada official said a recent change in how the central bank sets its deposit rate is working to improve the functioning of money markets, lowering borrowing costs.

For us to benefit from a repo rate cut, banks need to lower their rates first. Since bank lending rates are linked to various tenures—one month, three months, six months, or one year ...

Previously, the two rates were set at the same level. The deposit rate is the rate the central bank pays commercial banks on deposits of overnight money. The January reform has worked to restore ...