RBI Repo Rate Hike Likely: Debt Will Be Expensive! Morgan Stanley estimates, RBI may increase repo rate by 0.50%

Date:

Share:

RBI Repo Rate Hike: The three-day Monetary Policy Committee meeting of the Reserve Bank of India is from 28 September to 30 September. After reaching the level of 7 percent again in the month of August, it is believed that the RBI may increase the repo rate for the fourth consecutive time in the policy meeting. Global event and financial firm Morgan Stanley believes that RBI may increase the repo rate by 0.50 percent.

Morgan Stanley has said in its report that, earlier we had estimated that the repo rate may increase by 35 basis points. But given the rise in inflation and the attitude of central banks around the world, we estimate that the repo rate may increase by 0.50 percent.

Earlier, RBI increased the repo rate by 1.40 percent. For the first time in May 2022, the RBI increased the repo rate by 40 basis points, for the second time in June by 50 basis points, and then in August by 0.50 percent. And now once again the possibility of increasing the repo rate is being expressed. According to Morgan Stanley, retail inflation in the month of September is likely to remain in the range of 7.1 to 7.4 percent due to costlier food items. However, after this, the inflation rate may come down by January-February and it may remain above 6 percent till January-23 February.

Read More: Card Offers: SBI and PNB are giving great offers to their customers! Great discount on shopping on Amazon with cards

According to the report, the inflation rate may continue to rise due to the pick-up in food inflation. Since the sowing of paddy and pulses has come down compared to last year, there is a risk of increasing import inflation due to rise in commodity prices and depreciation of the rupee against the dollar. As a result, retail inflation may continue to rise.

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                  Click Here
🔥 Twitter                               Click Here
🔥 Instagram                  Click Here
🔥 Google News                  Click Here

Subscribe to our magazine

More Like This

6 days banks are to be closed on Holi! finish all necessary work this week

You have to finish all of your jobs this week since the Holi festival is starting next week, and the deadline for settling financial...

You only need this document to give a vote! Voter ID card is not necessary

The dates for the Lok Sabha elections have been set, however, to vote, a voter ID card is required. Voter ID cards are provided...

New Lexus LM 350h luxury MPV, which costs Rs 2 crore unveiled

India has seen the debut of the 2024 LM 350h by luxury automaker Lexus. Starting at Rs 2.00 crore (ex-showroom), it is available. This...

Chance to save income tax before March 31st! these investments & Section 80C will be exempted

The fiscal year is nearly over. Everyone intends to minimize their tax liability. Salaried-class investors can use Section 80C of the Income Tax to...

The GATE 2024 results are now available via this direct link!

The results of the GATE 2024 exam for each of the 30 branches were made available today, March 16, by (IISC) Bengaluru. On the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here