Repo rate may be increased in June.
Friday - April 27, 2018 11:20 am ,
Category : WTN SPECIAL
APRIL 27(WTN) - According to a report, the Reserve Bank of India can increase the repo rate in the coming days. In the month of June, the rate of repo rate may increase by 0.25 percent. According to Deutsche Bank report, due to crude oil prices, the Reserve Bank of India may take this decision
In the month of June, when the Reserve Bank reviews its monetary policy, the interest rate may increase by 0.25 percent. This is being speculated for a long time due to rising prices of crude oil.
Deutsche Bank had earlier said that it would rarely increase the interest rate by RBI at present and if it does, then this increase could happen early next year. But according to the report, due to the rise in crude oil prices across the world, the Reserve Bank can now increase policy interest rates in June this year. If this happens, and the Reserve Bank increases by 0.25 percent, the repo rate will increase to 6.25 percent.
At present, crude oil prices are running at $ 75 per barrel in the international oil market, which is 12 per cent more than that of December. The high prices of crude oil have always been fatal for the Indian economy. With the rise in crude oil prices, there is a negative impact on inflation, financial loss, current account deficit, and the rate of exchange rate of rupee all. Before that, the Reserve Bank will have to take some precautionary steps against the increased cost of crude oil.
In the month of June, when the Reserve Bank reviews its monetary policy, the interest rate may increase by 0.25 percent. This is being speculated for a long time due to rising prices of crude oil.
Deutsche Bank had earlier said that it would rarely increase the interest rate by RBI at present and if it does, then this increase could happen early next year. But according to the report, due to the rise in crude oil prices across the world, the Reserve Bank can now increase policy interest rates in June this year. If this happens, and the Reserve Bank increases by 0.25 percent, the repo rate will increase to 6.25 percent.
At present, crude oil prices are running at $ 75 per barrel in the international oil market, which is 12 per cent more than that of December. The high prices of crude oil have always been fatal for the Indian economy. With the rise in crude oil prices, there is a negative impact on inflation, financial loss, current account deficit, and the rate of exchange rate of rupee all. Before that, the Reserve Bank will have to take some precautionary steps against the increased cost of crude oil.
