Shock by RBI, EMI of home, auto and personal loan to be increased
Wednesday - August 1, 2018 4:29 pm ,
Category : WTN SPECIAL
Repo rate increased in two consecutive policies, RBI’s aim to control inflation
AUG 01 (WTN) - EMI of your home, auto and personal loans is going to increase in the coming days. We are saying that because RBI has increased the repo rate by 0.25 percent in its new monetary policy. That is, now the repo rate will increase from 6.25 percent to 6.5 percent.
For your information, let you know that the Reserve Bank has consistently increased the repo rate in the second credit policy. It is being said that the RBI has increased rates due to inflation concerns. The decision to increase the repo rate has been taken by the Reserve Bank's Monitoring Policy Committee in a three-day long meeting.
Would you like to know, what the repo rate is after all? In fact, the repo rate is the rate at which banks lend money from the Reserve Bank.
As the increase of repo rate report spread in into the market, the stock market declined. For your information, let you know that the Reserve Bank has estimated GDP 7.4 percent for the financial year 2019. The Reserve Bank thinks inflation may increase to 5% in April-June 2019.
According to information received from the media, the Reserve Bank has kept its opinion 'neutral' in this regard. It is being said that after this the reverse repo rate will be 6.25. The Reserve Bank estimates that between July and September, the inflation will be 4.2 percent, and from October to March 2019 it will increase to 4.8 percent.
For your information, let toy know that for the first time since October 2013, the repo rate has been increased in two consecutive policies. Earlier in June, the Reserve Bank had increased the repo rate by 0.25 percent. The reason behind increasing the repo rate is the argument that the Reserve Bank has set a goal of keeping inflation at 4 percent.
As you know, the rate of inflation in June crossed five percent. Here, the central government has increased the minimum support price for farmers' crops, which is natural for food items to be expensive. This will increase the rate of inflation, even if the monsoon is not in accordance with the forecast, there may be further impact on inflation. So in view of all future fears, the Reserve Bank has decided to increase the repo rate.
AUG 01 (WTN) - EMI of your home, auto and personal loans is going to increase in the coming days. We are saying that because RBI has increased the repo rate by 0.25 percent in its new monetary policy. That is, now the repo rate will increase from 6.25 percent to 6.5 percent.
For your information, let you know that the Reserve Bank has consistently increased the repo rate in the second credit policy. It is being said that the RBI has increased rates due to inflation concerns. The decision to increase the repo rate has been taken by the Reserve Bank's Monitoring Policy Committee in a three-day long meeting.
Would you like to know, what the repo rate is after all? In fact, the repo rate is the rate at which banks lend money from the Reserve Bank.
As the increase of repo rate report spread in into the market, the stock market declined. For your information, let you know that the Reserve Bank has estimated GDP 7.4 percent for the financial year 2019. The Reserve Bank thinks inflation may increase to 5% in April-June 2019.
According to information received from the media, the Reserve Bank has kept its opinion 'neutral' in this regard. It is being said that after this the reverse repo rate will be 6.25. The Reserve Bank estimates that between July and September, the inflation will be 4.2 percent, and from October to March 2019 it will increase to 4.8 percent.
For your information, let toy know that for the first time since October 2013, the repo rate has been increased in two consecutive policies. Earlier in June, the Reserve Bank had increased the repo rate by 0.25 percent. The reason behind increasing the repo rate is the argument that the Reserve Bank has set a goal of keeping inflation at 4 percent.
As you know, the rate of inflation in June crossed five percent. Here, the central government has increased the minimum support price for farmers' crops, which is natural for food items to be expensive. This will increase the rate of inflation, even if the monsoon is not in accordance with the forecast, there may be further impact on inflation. So in view of all future fears, the Reserve Bank has decided to increase the repo rate.
