RBI hikes policy rate to 4.9%

RBI hikes policy rate to 4.9%

[ad_1] New Delhi: Loans, including retail loans and mortgages, will get costlier with the Reserve Bank of India’s Monetary Policy Committee (MPC) announcing a 50 basis point – one basis point is one hundredth of a percentage point – hike in the policy rate and the...
Banks cautious as RBI likely to up rates today

Banks cautious as RBI likely to up rates today

[ad_1] That the Monetary Policy Committee (MPC) of the Reserve Bank of India will announce an increase in interest rates on June 8 is a given. However, the MPC resolution will be keenly watched for its inflation and growth forecasts as well as other policy measures to...