RBI Monetary Policy: Today Shaktikanta Das will announce the decision on repo rate, know what are the expectations and estimates of experts

It is the last day of the meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI). The meeting, which started on August 3, will end today.

It is the last day of the meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI).

It is the last day of the meeting of the Monetary Policy Committee (MPC) of Reserve Bank of India (RBI). The meeting, which started on August 3, will end today. After the meeting, the Governor of the Reserve Bank Shaktikanta Das Will hold a press conference, in which they will announce the decision taken in the meeting. Let us tell you that the eyes of the whole country are fixed on this meeting of RBI. A big announcement can be made regarding the repo rate in the press conference to be organized by RBI today.

Repo rate has increased by 0.90% since May

Earlier in May, the RBI had increased the repo rate by 40 basis points. After this, in June, the central bank had increased the repo rate by 50 basis points. In this way, RBI has increased the repo rate by a total of 90 basis points since May. Let us tell you that in comparison to this, the central bank of America has increased the policy rate by 225 basis points to combat inflation.

Let us tell you that this meeting of monetary policy of RBI to be held every two months is very important, in which the picture of the budget of the common people of the country will be clear. While on the one hand the whole country is facing the brunt of inflation, on the other hand, if there is an announcement of an increase in the repo rate, then it will have a direct impact on the common people. Due to the increase in the repo rate, the loan provided by the bank will become expensive, which will directly affect the budget of the general public. Explain that the current repo rate is 4.90 percent. Now in such a situation, a big question arises here that can RBI also announce an increase in the repo rate today?

What do experts say?

Most economists are of the opinion that the Reserve Bank can increase the repo rates by 35 to 50 basis points i.e. 0.35 to 0.5 percent in the meeting. Economists surveyed by Reuters have agreed that the Reserve Bank will increase rates in the policy review, although economists could not agree on how much this increase could be in the survey.

According to brokerage company UBS, in this policy review, the Reserve Bank can increase the repo rate by 0.25 to 0.30 percent. At the same time, in the report of BofA Global Research, it has been said that the MPC will increase the repo rate by 0.35 percent on August 5. At the same time, she will gradually harden her stance in the coming time.

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Now in such a situation, a big question arises here whether RBI will also announce an increase in the repo rate today or not.