repo linked lending rate

The rupee surged 56 paise to 95.18 against the US dollar following RBI's measures to attract foreign capital and boost forex liquidity. These policy announcements, including expanding the Fully Accessible Route and removing taxes on foreign investment in G-Secs, improved investor sentiment. Analysts expect further appreciation if oil prices remain below $100 a barrel.

The Reserve Bank of India's Monetary Policy Committee begins its meeting amid inflation concerns. While interest rates are expected to remain unchanged this week, economists anticipate a tighter monetary stance later in the financial year. The RBI may also revise its inflation and GDP growth forecasts upward.

Former RBI Governor Duvvuri Subbarao suggests the Reserve Bank should permit further rupee depreciation to manage external shocks, prioritizing liquidity measures over immediate rate hikes if inflation escalates. He emphasizes that a weaker rupee acts as a natural shock absorber, and communication is key to maintaining confidence amidst volatility.

The Reserve Bank of India maintained its repo rate at 5.25%, bringing stability to the real estate sector. This steady policy is boosting buyer confidence and aiding developers' financial planning. Experts believe the unchanged stance supports housing demand and affordability, fostering a predictable environment for long-term investments amidst economic uncertainties.

Prime Minister Narendra Modi met with the Economic Advisory Council to discuss strengthening India's economic growth amidst global uncertainty. The Reserve Bank of India kept the repo rate unchanged at 5.25%, citing geopolitical tensions and inflation concerns, while revising GDP growth and inflation projections downwards and upwards respectively for FY2026-27.

The RBI maintained the repo rate at 5.25% amidst economic slowdown fears and rising inflation risks from the West Asia conflict. Governor Sanjay Malhotra signaled concern over generalized inflation, cutting the FY27 growth forecast to 6.6% and raising inflation projections to 5.1%.

The Reserve Bank of India's recent monetary policy measures aim to bolster the rupee by attracting significant capital inflows, estimated between $40-75 billion. Despite rising inflation and revised growth forecasts, the Monetary Policy Committee is expected to maintain the repo rate at 5.25% with a neutral stance in August, prioritizing stability and external sector defense.

All Eyes On June 5 Statement As Gulf Crisis Nears 100 Days

Bank deposit rates are poised for an increase as certificate of deposit (CD) rates surged in May due to tighter liquidity and higher demand for funds. One-year CD rates jumped to 7.70%, signaling that banks are facing pressure to attract deposits, which could soon translate to higher retail rates.

One, reduce or scrap tax on foreign capital, to get it out of flight mode. That will shore up rupee also. Two, end tax disparity between bank deposits and capital gains, to lower lending rates

Every Re 1 hike in petrol, diesel, CNG, and LPG costs feeds into inflationary pressures in the economy, and also indirectly impacts discretionary spending, hence hitting growth channels.

Hindu traditions connect each day with a deity and planet. Certain activities are advised against on specific days to avoid misfortune. For instance, avoid black on Mondays, legal disputes on Tuesdays, lending money on Wednesdays, and hair cuts on Thursdays. Fridays caution against donating valuables. Saturdays advise against buying iron items. Sundays prohibit watering Tulsi plants. These customs honor tradition.

Embrace the vibrant energy of today, your confidence soaring as you dive into career ambitions and learning opportunities. Engage actively to nurture social ties and watch relationships blossom. Financial ventures may bear fruit, particularly for budding enterprises, yet a touch of caution will serve you well.

The Reserve Bank of India is considering introducing polymer currency notes, a move that could enhance durability and security. Governor Sanjay Malhotra stated the proposal is in its preliminary stages, with the central bank examining its advantages and disadvantages. This initiative aims to address the rapid deterioration of existing paper notes and combat fake currency circulation.

India has appointed economist Neelkanth Mishra as its new Executive Director at the World Bank. He will represent India, Bangladesh, Bhutan, and Sri Lanka. Mishra's expertise in finance and policy will shape global development discussions. This appointment highlights the growing role of Indian professionals in international institutions. His tenure begins soon, succeeding Parameswaran Iyer.

Commercial LPG cylinder prices in Lucknow surged by Rs 42 from June 1, impacting businesses like hotels and restaurants. This price adjustment, affecting various cylinder sizes, follows a nationwide trend amid efforts to bolster India's fuel security. Domestic cooking gas prices remain unchanged.

The makers of the upcoming Bengali film Phera have unveiled a new song, "Bhalobasar Jomi," sung by Debraj Bhattacharya. This track delves into themes of longing and emotional connection, offering a preview of the film's narrative. Directed by Pritha Chakraborty, Phera features a prominent cast including Sanjay Mishra and Ritwick Chakraborty.