Business

RBI Governor Shaktikanta Das can give Diwali gifts to the common man! The important press conference will be held today

RBI-Reserve Bank of India Governor Shaktikanta Das will announce the interest rates decisions taken in the MPC-Monetary Policy Committee meeting today.

- Advertisement-

RBI Monetary Policy: RBI Governor Shaktikanta Das will announce the interest rates decisions taken in the MPC-Monetary Policy Committee meeting today. However, economists do not expect any change in interest rates. Because this can happen to control inflation.

What are the interest rates now?

Experts say that the repo rate can remain stable at 4 percent. But to control inflation, a decision is taken to increase it, which is not likely yet. Interest rates may increase in the coming six months. The reverse repo rate is 3.35 percent.

Many challenges before RBI


Experts believe that consumption and Agri growth are looking good. But industrial and service growth has to improve. Especially, in the service sector, it is difficult right now. Um believes that the CAPEX announced by many companies is very less. And most of the companies have taken cheap loans and paid off expensive loans. So how will the RBI deal with it, it is also a big problem in front of the central bank?

On the contrary, some experts are also of the opinion that tomorrow the repo rate and reverse repo rate can be increased in any one thing. He says the RBI would like to be ahead of the curve.

Let us tell you that according to a research report by Morgan Stanley, the Reserve Bank will keep the interest rates unchanged in the upcoming monetary review and at the same time will continue its soft stance. The report said that in the current financial year, inflation based on the Consumer Price Index will be around five percent.

State Bank of India Chairman Dinesh Khara recently said that it appears that interest rates will remain unchanged. He had said, there is some improvement in growth. In such a situation, I think interest rates will not increase. However, the central bank’s remarks will mention inflation.

When will interest rates increase

Asif Iqbal, Research at Escort Security, believes that the Reserve Bank may increase the reverse repo rate in the coming months.

According to him, the reverse repo rate can be increased by 0.40% between December and February. The repo rate can be increased in the first quarter of the new financial year.

Follow Us on Instagram (@uniquenewsonline) to Get Regular News Updates for Free

Related Articles

Back to top button