WHAT IS REVERSE REPO RATE?
Reverse Repo Rate
Reverse Repo Rate is defined as the rate at which the Reserve Bank of India (RBI) borrows money from banks for the short term. It is an important monetary policy tool employed by the RBI to maintain liquidity and check inflation in the economy. The Reverse Repo Rate helps the RBI get money from the banks when it needs. In return, the RBI offers attractive interest rates to them. The banks also voluntarily park excess funds with the central bank as it provides them with an opportunity to earn higher interest on surplus money. The Reverse Repo Rate is decided by the Monetary Policy Committee (MPC), headed by the RBI Governor. The decision is taken in the bi-monthly meeting of the Committee.
Read More..LATEST UPDATES ON REVERSE REPO RATE
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Monetary policy review: Economists see repo rate climbing to around 6%
At its current level, the repo rate is at its highest since August 2019| August 06, 2022, Saturday -
The art and science of managing inflation
The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty| June 28, 2022, Tuesday -
RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%
The repo rate before the pandemic came was 5.15%| June 09, 2022, Thursday -
Most economists see 50-bp repo rate hike: Business Standard policy poll
FY23 inflation projection may go above 6%; liquidity steps anticipated| June 06, 2022, Monday -
Excess liquidity in India's banking system back to pre-Covid levels
A section of the market sees further liquidity tightening measures from the RBI in the June review of the monetary policy| June 01, 2022, Wednesday -
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy| May 05, 2022, Thursday -
Monetary policy: RBI shifts gaze to inflation from growth after 2 years
Sets stage for rate hikes after June policy amid high oil prices, yields| April 08, 2022, Friday -
RBI policy highlights: Prioritising inflation over growth, says Das
RBI Monetary policy LIVE updates: As expected by market participants, RBI retained status quo on key interest rates. Governor ...| April 08, 2022, Friday -
'RBI to remain accommodative, leave all rates unchanged in April policy'
The comfort provided by the expected improvement in inflation was the anchor for the super-dovish February policy| April 04, 2022, Monday -
RBI believes differing policy strategy, policy stance can co-exist: Report
Bond yields have shed seven basis points to 6.73 per cent on Thursday after touching 6.88 per cent on the Budget day| February 11, 2022, Friday
