RBI repo rate hike: Not much of an impact on home loan borrower

They also said the hike in the equated monthly instalments (EMI) for a borrower may be about 8-15 per cent. “Though the RBI has been increasing the repo rate (RBI’s lending rate to the banks) recently, not all the housing finance companies have passed the rate hike to their borrowers. Further the repo rate hikes … Read more

RBI hikes repo rate by 50 basis points, pegs inflation at 6.7% & eco growth at 7% (2nd Ld)

Chennai, Sep 30 (IANS) As expected earlier, the Reserve Bank of India‘s Monetary Policy Committee (MPC) in a 5:1 decision increased the repo rate by 50 basis points to 5.90 on Friday. The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation. “Based on an assessment of the macroeconomic situation … Read more

Chinese Central Bank Injects $24.7 Bln of Liquidity Via Repo Markets

By Ambar Warrick  Investing.com– The People’s Bank of China injected a total of 175 billion yuan ($24.7 billion) into the banking system on Tuesday through reverse repo operations, in a bid to maintain liquidity in the system.  The amount consisted of 113 billion yuan of seven-day reverse repos at an interest rate of 2%, state-run media … Read more

RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley

Mumbai, Sep 16 (IANS) The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to a report by Morgan Stanley (NYSE:). “We were earlier expecting a 35bp increase,however, sticky inflation and continued hawkish stance of … Read more

Global Rating Agency Shares Outlook on RBI’s Repo Rate Hike Going Ahead

By Malvika Gurung Investing.com — Factors like the European gas crisis, decades-high inflation and a swiftly rising pace of global monetary policy tightening have led the ratings agency Fitch Ratings to cut the economic growth forecasts of all major economies. Amid the ongoing macro conditions and the ultra-hawkish prospects of monetary policy by major economies, Fitch … Read more

T-Bills yield rises over 150 bps post RBI starts increasing repo rate

The yield on 91-day treasury bills rose by 1.5997 per cent to 5.6287 per cent, on 182-day yield rose by 1.6674 per cent to 6.0999 per cent, and 364-day yield rose by 1.5027 per cent to 6.3378 per cent. Before the first rate hike by the central bank this year on May 4, yield on … Read more