According to the private lender's website, the overnight MCLR stands at 7.15 per cent compared to 6.9 per cent earlier.
The RBI hikes repo rate from 4 to 4.4 per cent on Wednesday. Home loans from banks are linked to the repo rate. So, what will be the impact on existing and new borrowers? And, how should they respond?
As most global central banks embark on a rate hike cycle to battle inflation, analysts expect markets to remain choppy. Here's a report on where to invest in a rising interest rate regime
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
How will RBI's rate hike impact the economy? Will pile-up at Shanghai port affect white goods supply? What will the markets react after RBI's rate hike? What is stock consolidation? Answers here
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out
The hike in repo rate by 40 basis points and a 50 bps hike in the CRR by the RBI took investors by surprise. With the RBI getting hawkish, here's what the road ahead looks like for the markets
The MPC has focused on preventing inflationary expectations from un-anchoring in an increasingly uncertain environment.
Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
RBI monetary Policy: As the central bank keeps the repo rate unchanged at 4 per cent, here is what the industry experts has to say
BENGALURU (Reuters) -Indian shares edged higher on Friday after the central bank kept its key lending rate unchanged at a record low, opting to support post-pandemic economy growth despite rising inflation due to the Russia-Ukraine war. The NSE Nifty 50 index was up 0.3% at 17,691, as of 0443 GMT, while the S&P BSE Sensex rose 0.25% to 59,181.17.
Can RBI afford the luxury of waiting out on the inflation front to allow growth to pick up?
Morgan Stanley expects the April RBI policy to mark the process of policy normalisation with a reverse repo rate hike.
The rates represent a particular stance with regard to the monetary policy and the committee decided to continue with the accommodative stance, said RBI Governor Shaktikanta Das