The Global Kashmir
No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper
en English
ar Arabiczh-CN Chinese (Simplified)en Englishru Russianes Spanishur Urdu
No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper
No Result
View All Result
The Global Kashmir
No Result
View All Result
76836648420236036737

RBI keeps repo rate unchanged at 6.5 pc

News Desk by News Desk
April 6, 2023
Reading Time: 1 min read
0
5
VIEWS
Share on Facebook

MUMBAI: The Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level.

READ ALSO

RBI cuts repo rate by 50 bps to 5.5% under liquidity adjustment facility

Empowering youth the most powerful thing a nation can do: PM Modi

India never asked anyone: Shashi Tharoor reacts to Rahul Gandhi’s ‘surrender’ jibe

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) will not hesitate to take action in the future.

While keeping the interest rate intact, Das said core inflation remains sticky.

Core inflation generally refers to inflation in manufactured goods.

Retail inflation in February stood at 6.44 per cent compared to 6.52 per cent in the previous month. MPC takes into account retail inflation numbers for setting the interest rates.

However, inflation is expected to moderate in the current fiscal. Many institutions, including the World Bank and Asian Development Bank, have predicted that inflation would cool down to about 5 per cent this financial year.

ADVERTISEMENT

For the next fiscal, RBI projected a growth rate of 6.5 per cent as compared to 6.4 per cent estimated in February. In the latest Economic Survey of the finance ministry, growth was projected at 6-6.8 per cent for 2023-24.

Last month, the US Federal Reserve announced another 25 basis points interest rate hike to tame inflation.

With the hike, the Fed has increased the federal funds rate from nearly zero in March 2022 to a range of 4.75-5 per cent.

The European Central Bank and Bank of England have also hiked their benchmark rates.

ShareTweetSendSharePinShare
ADVERTISEMENT
Previous Post

2 injured as vehicle skids off road in Budgam

Next Post

Lok Sabha adjourned sine die; Budget session ends

RelatedPosts

RBI cuts repo rate by 50 bps to 5.5% under liquidity adjustment facility

RBI cuts repo rate by 50 bps to 5.5% under liquidity adjustment facility

June 6, 2025
PM Modi To Inaugurate Two-Day Rising Northeast Investors Summit On Friday

Empowering youth the most powerful thing a nation can do: PM Modi

June 6, 2025
India never asked anyone: Shashi Tharoor reacts to Rahul Gandhi’s ‘surrender’ jibe

India never asked anyone: Shashi Tharoor reacts to Rahul Gandhi’s ‘surrender’ jibe

June 5, 2025

Collective efforts can lead to greener earth for future generations: Murmu

Monsoon Session Of Parliament From July 21 To August 12: Kiren Rijiju

Covid Cases: Health Ministry Asks States To Ensure Availability Of Oxygen, Isolation Beds, Ventilators

11 Dead As RCB’s Grand Party To Celebrate IPL Triumph Turns Tragic Amid Crowd Chaos

HC To Rahul Gandhi: Freedom Of Speech Does Not Include Freedom To Make Defamatory Statements Against Army

Dr Jitendra calls for time bound redressal of Pension related grievances

Next Post
Lok Sabha adjourned sine die; Budget session ends

Lok Sabha adjourned sine die; Budget session ends

BJP committed to taking tough steps to rid India of graft, nepotism: PM on party foundation day

BJP committed to taking tough steps to rid India of graft, nepotism: PM on party foundation day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Company Info

Address: F11 silk factory road Tulsibagh, Srinagar
Phone : 9797970347.
Email : globalkashmir786@gmail.com
Owner, printer, publisher Editor : Suhail Yousuf Shah
Legal advisor : Advocate Umar Mushtaq
Printed at : LUBAAB PUBLICATIONS LAWAYPORA SRINAGAR
Published from : Green house Soitang, Srinagar, Kashmir.
RNI No : JKENG/2011/38364
Office No's :
Postal Regd No : JKNP 160 / SKGPO 2012 - 2014

About

The Global Kashmir was founded in Srinagar, with a vision to promote positive news from the Kashmir valley and across the globe. Covering first hand, all categories of news from different corners of Jammu and Kashmir as well as relevant national and international news stories. Global Kashmir is dedicated to providing unbiased stories that are yet to be told...

News By Topic

Company Info

  • Contact Us
  • About

© 2022 - Global Kashmir

No Result
View All Result
  • Home
  • News
    • Kashmir
    • Jammu
  • National
  • World
  • Business
  • Editorial
  • Health
  • Opinion
  • Sports
  • Tech
  • E-Paper

© 2022 - Global Kashmir