Banks have also increased their 1-year median marginal cost of funds-based lending rate by 85 bps from May to October 2022...

If high inflation is allowed to linger, it invariably triggers second-order effects: Governor Shaktikanta Das...

Decision will be announced on Friday, September 30...

Analysts are blaming the shortfall on advance tax outflow and tepid spending by the government amid robust tax collections...

The higher than expected August inflation print was driven by food prices primarily in rural areas which came in at 7.2 per cent as against 6.7 per cent in urban areas...

‘This whammy comes along with the inflationary trends in primary raw materials, including cement, steel, labour, etc’...

Central bank sharply reduced benchmark rate in 2020 to tide over crisis created by the pandemic outbreak...

Experts remain divided on when the monetary policy committee of the RBI will stop hiking rates to protect growth...

Some economists have felt that the central bank should have launched its assault on inflation as early as February this year...

The move follows a 50 basis points increase in the repo rate to 4.90 per cent by the Reserve Bank of India last week...