
RBI to Decide on Repo Rate After Lok Sabha Election Results
Upcoming decision on the repo rate by the RBI after the 18th Lok Sabha election results.

Upcoming decision on the repo rate by the RBI after the 18th Lok Sabha election results.

The Reserve Bank of India (RBI) decided to keep interest rates unchanged after its 3-day MPC meeting. Despite fluctuations, the stock market closed flat on Friday, with Sensex rising marginally

Rating agency ICRA said on Monday, due to high inflation, now the Reserve Bank of India can go ahead with the plan to cut rates.

Retail inflation is likely to reach 6.7 percent in July 2023 with a monthly increase of 1.90 percent, led by higher prices of food articles, led by tomato and onion.

Economists say that the central bank has increased the repo rate by 2.50 per cent since May 2022 to control high inflation.

WPI inflation stood at 8.39 percent in October and 14.87 percent in November 2021.

The Monetary Policy Committee consisted of three members from RBI and three external members.

State Bank of India has increased interest rates on both deposits and loans.

After the increase in the repo rate once again by the Reserve Bank of India, banks and other financial institutions have also immediately increased the interest rates.