Business Standard

Sunday, January 19, 2025 | 08:48 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

What to expect from the RBI's upcoming monetary policy announcement?

In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent

Photo: Bloomberg
Premium

Photo: Bloomberg

BS Web Team New Delhi
The Reserve Bank of India (RBI) is holding its Monetary Policy Committee (MPC) meeting between August 3 and 5. RBI governor Shaktikanta Das is expected to announce the interest rate revision on Friday. In the last policy announcement on June 8, the RBI announced a repo rate hike of 50 basis points to 4.90 per cent. The repo rate is the rate at which commercial banks borrow short-term funds from the RBI.

Repo rate largely determines the interest given by the banks on the deposits by the customers. It also determines the interest rate charged by the banks on

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in