rbi news

RBI MPC Assembly 2024 Reside Updates: RBI anticipated to maintain repo charge unchanged at 6.5% on sticky meals inflation

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RBI Financial Coverage, RBI MPC Assembly Reside Updates August 2024: The Reserve Financial institution of India’s Financial Coverage Committee (MPC) is anticipated to maintain the repo charge unchanged at 6.5% in its August 2024 assembly. Inflation breaching the 5% mark in June and protracted strain on the headline charge from elevated meals costs to doubtless … Read more

RBI’s VRR public sale sees big response once more as banks search for liquidity

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The variable fee repo (VRR) public sale by the Reserve Financial institution of India (RBI) witnessed an amazing response from banks, highlighting the rising demand for liquidity within the banking sector. Banks submitted bids price ₹1,13,915 crore, considerably exceeding the RBI’s supply of ₹50,000 crore. In any respect VRR auctions, barring one, performed by RBI … Read more