Skip to main content

LIVE: Reserve Bank Of India Hikes Repo Rate To 6.5%, Projects GDP Growth At 6.4% For 2023-23


The Monetary Policy Committee of the Reserve Bank of India hiked rates by 25 basis points to 6.5 per cent, Governor Shaktikanta Das announced on February 8. The RBI has increased the repo rate by a cumulative 250 basis points since May last year. #shaktikantadas #reservebankofindia #rbi Subscribe to Express Premium - Morning Expresso - A morning news bulletin from the Indian Express: Watch all Coronavirus Updates: Watch all entertainment news from Bollywood at Indian Express Entertainment: Subscribe to Indian Express: #News #IndiaNews #LatestNews #BreakingNews #DailyNews #NewsHealines #NewsHour #EnglishNews The Indian Express Online covers all trending and latest news across India, which includes daily news, political news, gadgets and Mobile reviews, technology updates, Entertainment News, Bollywood news, public opinions and views on daily trends. Connect with us: Facebook: Twitter: Indian Express App: Official Website: Indian Express, The Indian Express Newspaper, The Indian Express, Indian express news, indian express editorial...(read more)


HOW TO: Hedge Against Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
The Reserve Bank of India (RBI) has recently announced an increase in the repo rate from 6.25% to 6.5%. This is the first time in two years that the central bank has increased the repo rate, a move that is expected to have a significant impact on the Indian economy. The repo rate is the rate at which banks borrow money from the central bank. An increase in the repo rate means that banks will have to pay more for the money they borrow from the RBI, thus making it more expensive for them to lend money to consumers. This, in turn, is expected to lead to an increase in interest rates on loans and credit cards, making it more expensive for consumers to borrow money. The RBI has also projected a GDP growth rate of 6.4% for the financial year 2023-23. This is lower than the 7.2% growth rate that was projected for the current financial year, but still higher than the 5.8% growth rate that was projected for the previous financial year. The RBI has attributed the lower growth rate to the effects of the coronavirus pandemic, which has impacted the Indian economy significantly. The central bank has also said that the increase in the repo rate is intended to help contain inflation, which has been rising due to the pandemic. It remains to be seen how the increase in the repo rate will affect the Indian economy in the short and long term. In the short term, it is expected to lead to an increase in the cost of borrowing for consumers, which could lead to a slowdown in consumption. In the long term, the RBI hopes that the increase in the repo rate will help to contain inflation and support economic growth. Only time will tell how the increase in the repo rate will impact the Indian economy, but it is certainly a move that will have far-reaching implications. https://inflationprotection.org/live-reserve-bank-of-india-hikes-repo-rate-to-6-5-projects-gdp-growth-at-6-4-for-2023-23/?feed_id=72878&_unique_id=63f64fc635e50 #Inflation #Retirement #GoldIRA #Wealth #Investing #inflationhedgeinvestments #inflationprotectedassets #inflationprotectedsecurities #investagainstinflation #rbigovernor #rbilatest #rbilive #rbinews #rbipolicy #rbiupdates #reservebankofindia #reservebankofindiagovernor #reservebankofindialatest #reservebankofindialive #reservebankofindianews #reservebankofindiashaktikantadas #reservebankofindiaupdates #shaktikantadas #shaktikantadaslatest #shaktikantadaslive #shaktikantadasnews #shaktikantadasrbi #InflationHedge #inflationhedgeinvestments #inflationprotectedassets #inflationprotectedsecurities #investagainstinflation #rbigovernor #rbilatest #rbilive #rbinews #rbipolicy #rbiupdates #reservebankofindia #reservebankofindiagovernor #reservebankofindialatest #reservebankofindialive #reservebankofindianews #reservebankofindiashaktikantadas #reservebankofindiaupdates #shaktikantadas #shaktikantadaslatest #shaktikantadaslive #shaktikantadasnews #shaktikantadasrbi
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a
Post a Comment
Read more