RBI Hikes Repo Rate By 50 Bps, Stays On Policy Tightening Path: CareEdge

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .CareEdge Research Report.The Monetary Policy Committee of the Reserve Bank of India delivered a fourth consecutive rate hike as it raised the policy repo rate by 50 basis points taking it to 5.90% in the September policy meet. So far in the current rate hike cycle, the cumulative rate hike of 190 bps by RBI has taken the repo rate to the highest level since May 2019. Five of the six MPC members voted to raise the repo rate by 50 bps, while one member voted for a 35-bps rate hike. In addition to the hike in repo rate, the central bank also raised the bank rate to 6.15%. The liquidity adjustment facility corridor was maintained at 50 bps with the standing deposit facility and marginal standing facility adjusted to 5.65% and 6.15%, respectively. The central bank has retained the policy stance at ‘focus on withdrawal of accommodation’ reiterating its commitment to inflation control while supporting growth..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RBI Hikes Repo Rate By 50 Bps, Stays On Policy Tightening Path: CareEdge

In addition to the hike in repo rate, the central bank also raised the bank rate to 6.15%.

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