Neha Kumari, a 34-year-old HR professional in Hyderabad, booked a ₹1 crore apartment with a 25% down payment and took a home loan for the remaining amount. While the EMI fits within her monthly budget, it leaves limited room for discretionary spending. She has maintained a small emergency fund and plans to restart her systematic […]
Sensex, Nifty, Stock Price Live Updates 6 February: Benchmark indices Sensex and Nifty came off their early lows in the afternoon session on Friday. The RBI in its Monetary Policy meeting held the repo rate steady at 5.25%. At 1:27 pm, Sensex was at 83,207.24, down 106.69 pts or 0.13% lower. Nifty was at 25,570.00, […]
The Reserve Bank of India has kept its benchmark repurchase rate unchanged citing benign inflation, even as a myriad trade deals boosts the outlook for the world’s fastest growing major economy. Reserve Bank of India (RBI) Governor Sanjay Malhotra. (Punit Paranjpe/AFP Photo) The RBI’s six-member Monetary Policy Committee (MPC), which met over 4-6 February, voted […]
The Reserve Bank of India (RBI) on December 4 cut the repo rate by 25 bps to 5.25%. Following earlier rate reductions this year, the move further strengthens the value proposition for homebuyers, especially in the affordable and mid-income segments that are highly sensitive to interest rate changes. First-time and mid-income buyers stand to benefit […]
In a move poised to stimulate growth in the Indian economy, the Reserve Bank of India’s Monetary Policy Committe has reduced the benchmark repo rate by 25 basis points to 5.25%. While a shot in the arm for borrowers, the RBI repo rate cut presents a mixed bag for the common man, offering immediate relief […]
The Reserve Bank of India has cut the repo rate by 25 basis points to 5.25%, even as the monetary policy committee tries to balance India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. After keeping the repo rate unchanged in the past two monetary policy meetings, RBI Governor Sanjay Malhotra had […]
The Reserve Bank of India’s last repo rate decision of the year is proving to be one of its trickiest, with the Monetary Policy Committee members having to weigh India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. Sanjay Malhotra, governor of the Reserve Bank of India. (REUTERS) A majority of the […]
India’s recent macroeconomic data reinforces the case for a repo rate cut in the December monetary policy, Reserve Bank of India Governor Sanjay Malhotra said on Monday, triggering a drop in the bond yield. RBI Governor Sanjay Malhotra. (Reuters) “The monetary policy committee had signaled the scope of further rate cuts in October and the […]