HDFC Bank Loan: While announcing the monetary policy, the Reserve Bank of India has kept the repo rate at 6.5 percent. Meanwhile, the country’s largest private bank HDFC has given a big shock to the customers. The bank has increased its interest rates. The bank has increased its Marginal Cost of Lending Rates i.e. MCLR. … Read more
Bank of Japan (BOJ) kept its lending policy unchanged on Tuesday and said it would keep an eye on price and wage trends before raising its negative interest rate. The same decision was expected from BOJ. However, investors and analysts believe that the central bank is taking steps towards change due to price rise, due … Read more
RBI on Repo Rate: reserve Bank of India (rbi) has increased the country’s economic growth rate estimate for the current financial year 2023-24 to seven percent. The central bank has increased the growth rate estimate amid strong domestic demand and increased capacity utilization in the manufacturing sector. Earlier, the central bank had projected GDP (gross … Read more
What is repo rate? Repo rate is an economic term. Simply put, it is the interest rate at which the central bank of a country lends money to commercial banks. Repo rate is a charge between a bank and RBI, which is known as Repo or Repurchase Agreement, for the banks to settle their transactions … Read more
rbi rbi: Reserve Bank of India is going to hold a monetary policy review meeting from 6th to 8th of this week. Information about the results of this meeting will be given by RBI Governor Shaktikanta Das in a press conference at 10 am. In such a situation, the eyes of the entire market are … Read more
Service PMI Oct 2023: India’s services sector activity fell to a seven-month low in October. This decline has occurred due to softening of production and demand amid competitive conditions and price pressures. This information was given in a monthly survey on Friday. The seasonally adjusted S&P Global India Services PMI business activity index reached 58.4 … Read more