RBI MPC may cut repo rate next week to support growth even with liquidity crunch easing

RBI MPC may cut repo rate next week to support growth even with liquidity crunch easing

Banks, burdened with high deposit cost, have been unable to pass on rate cuts effectively due to tighter liquidity in the banking system, hence necessitating a cut.

RBI could cut rates again: Could your loan EMIs go down?

Kolkata: After a gap of five years interrupted by the Covid 19 pandemic and resultant money supply, the Reserve Bank of India cut rates for the first time in February by 25 basis points, pulling down the Repo rate from 6.50% to 6.25%. Experts are almost certain that the Monetary Policy Committee of the central bank will meet on April 7-9 and again recommend trimming the key interest rate by the same amount. The move will also supplement the gove…

Explainer | With RBI likely to cut repo rate next week, will personal loan interest rates fall too?

Source: Live Mint The Reserve Bank of India’s (RBI) monetary policy committee cut the repo rate by 25 basis points in February to 6.25 per cent, its first reduction in nearly five years. RBI appears on track for another round of monetary easing in its next policy meeting, scheduled to take place from April 7-9, and may again go for a rate cut of 25 basis points, according to  Citibank’s latest forecast. This follows the projections by JP Morga…

Indian Banks Urge RBI to Revert to Overnight Liquidity Tool, Suggest New Benchmark Rate

Indian lenders have recommended that the Reserve Bank of India (RBI) shift from its current 14-day variable rate repo tool to a fixed-rate overnight liquidity instrument, aligning with the need for real-time liquidity management amid 24-hour banking operations. According to sources familiar with the matter, banks believe the 14-day repo has become outdated and are pushing for a daily liquidity tool to manage short-term needs better. The RBI held…

RBI’s Monetary Policy Preview: Lower Inflation Paves The Way For Another Rate Cut — CareEdge

Falling inflation will provide the RBI with the necessary flexibility to prioritize growth concerns. Looking ahead, we expect the RBI MPC to cut policy rate by another 25bps in its April meeting. However, the MPC is likely to maintain its neutral stance amidst global uncertainty. With food inflation moderating and core inflation under control, the RBI could overlook concerns around imported inflation in midst of the global trade war.NDTV Profit’…

ASSOCHAM urges RBI to hold rates steady in key MPC meet next week

New Delhi, April 2 (IANS) As the Reserve Bank of India (RBI) prepares for its upcoming monetary policy meeting from April 7 to 9, the Associated Chambers of Commerce and… Continue reading ASSOCHAM urges RBI to hold rates steady in key MPC meet next week The post ASSOCHAM urges RBI to hold rates steady in key MPC meet next week first appeared on Australia India News.