RBI Monetary Policy Committee Updates

 RBI hikes repo rate by 0.25%; This may Impact your Loan Interest rates, check out the new changes in the Interest Rates brought by RBI. 

RBI - MPC POLICY Key points

1.      RBI hikes repo rate by 25 bps to 6.25%

2.      RBI hikes reverse repo rate to 6%

3.      Despite repo rate hike, MPC keeps stance neutral

4.      GDP growth projected at 7.3-7.4% in October-March

5.      April-September CPI seen at 4.8-4.9%, including rent allowance impact

6.      October-March CPI seen at 4.7%, including home rent allowance impact

7.      MPC retains FY19 GDP growth forecast at 7.4%

8.      GDP growth projected at 7.5-7.6% for April-September

9.      GDP growth projected at 7.3-7.4% for October-March

Increase on repo rate will impact on various loan interest rates.