The Reserve Bank increased the repo rate to 5.4% to control inflation
This is the Reserve Bank's third repo rate hike in the current financial year. The Reserve Bank increased the repo rate by 40 basis points to 4.40% during the 'Monetary Policy Review' in May. Then again in June, the Reserve Bank increased the repo rate by 50 basis points to 4.90%.
Mumbai: To control inflation, the Reserve Bank of India today raised the repo rate by 50 basis points to 5.4%.
The Monetary Policy Committee (MPC), the rate-setting committee of the Reserve Bank of India, met for three days from August 3 to discuss the current economic situation.
Reserve Bank Governor Shaktikanta Das said the MPC focused on excessive monetary withdrawal to support growth and keep inflation within target.
Similarly, ‘MPC’ has decided to keep the ‘Standing Deposit Facility’ (SDF) rate at 5.15% while the ‘Marginal Standing Rate’ (MSF) rate and bank rate at 5.65%.
Further, real ‘GDP’ growth for 2022-23 is expected to be 7.2% as previously. It is estimated that GDP will be 16.2% in the first three months of the financial year, 6.2% in the second three months, 4.1% in the third three months and 4% in the fourth three months.
According to that, in the first 3 months of 2023-24, the real ‘GDP’ growth is estimated to be 6.7%, said Shaktikanta Das.
Notably, this is the Reserve Bank’s third repo rate hike in the current financial year. The Reserve Bank increased the repo rate by 40 basis points to 4.40% during the ‘Monetary Policy Review’ in May. Then again in June, the Reserve Bank increased the repo rate by 50 basis points to 4.90%.
Maybelline New York Matte Lipstick, Intense Colour, Moisturised Lips, Color Sensational Creamy Matte, 507 Almond Pink, 3.9g
₹230.00 (as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Lakme 9 To 5 Weightless Mousse Lip & Cheek Color, Matte lipstick & Blush, Lightweight, Long Lasting Lip & Cheek Tint For Dewy Look, Blush Velvet, 9 g
₹679.00 (as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)FIGMENT Double Sided Water Proof Baby Play Mat, Play mats for Kids Large Size, Baby Carpet, Play mat Crawling Baby (Extra Large Biggest Size - 6 Feet X 4 Feet) (Small mat)
Now retrieving the price.
(as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)ASUS Vivobook 15 Thin and Light Laptop,Intel Core i5-12500H 12th Gen, 15.6" (39.62 cm) FHD, (16GB RAM/512GB/Win11/Office 2021/Blue/1.7 kg), X1502ZA-EJ541WS
₹51,990.00 (as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Acer Wireless Keyboard & Mouse Combo with Attractive Durable Design, 2.4GHz Nano Receiver, 10m Range, Indian Rupee Key Code, 1600 DPI, 10M Keystrokes Life for Microsoft Windows and Mac OS(White/Grey)
₹1,059.00 (as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Virtutron Electronic Non-Bluetooth Universal Stylus Pen| High-Precision Digital Pencil| Compatible with iPhone, iPad, Samsung, Android, Tablet & Mobiles- White
₹999.00 (as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)Seagate Expansion 1.5 TB External HDD - USB 3.0 for PC Laptop, 3 yr Data Recovery Services, Portable Hard Drive (STEA1500400)
Now retrieving the price.
(as of September 19, 2024 20:48 GMT +05:30 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)