Thursday, March 30, 2023
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT US
198 Automobile News
No Result
View All Result
  • Home
  • Videos
  • Business
  • Brands
  • Clubs
  • Ratings & Reviews
  • News
  • Blog
  • Ad
  • Autodeals
  • Auctions
  • Global Trends
  • Contact Us
  • Home
  • Videos
  • Business
  • Brands
  • Clubs
  • Ratings & Reviews
  • News
  • Blog
  • Ad
  • Autodeals
  • Auctions
  • Global Trends
  • Contact Us
No Result
View All Result
198 Automobile News
No Result
View All Result
Home News

RBI holds repo rate at 4%, maintains accommodative stance, Auto News, ET Auto

by The Editor
October 9, 2020
in News
0
RBI holds repo rate at 4%, maintains accommodative stance, Auto News, ET Auto
Share on FacebookShare on TwitterShare on EMail

[ad_1]

Shaktikanta Das, Governor, RBI
Shaktikanta Das, Governor, RBI

New Delhi: The Reserve Financial institution of India on Friday opted for a a establishment on coverage charges whereas and maintained an accommodative stance

The benchmark repurchase (repo) price has been left unchanged at 4 per cent, Governor Shaktikanta Das mentioned whereas asserting the choices taken by the newly-constituted MPC of the central financial institution.

Consequently, the reverse repo price may also proceed to earn 3.35 per cent for banks for his or her parked deposits stored with the RBI. One foundation level is one-hundredth of a proportion level.

To recall, repo price is the speed at which banks borrow cash from the central financial institution, and reverse repo is the speed at which it borrows from them.

Addressing the bi-monthly MPC, Das mentioned that the MPC has voted unanimously to depart repo price unchanged at 4%, stance additionally stored “accommodative” for so long as wanted, to help development.

The central financial institution’s Financial Coverage Committee has to date slashed charges by 115 foundation factors in response to the COVID-19 pandemic since late March.

Comply with and join with us on Twitter, Fb, Linkedin, Youtube



[ad_2]

Source link

ShareTweetSend

Related Posts

Food delivery strike in Malaysia today – Grab responds

Food delivery strike in Malaysia today – Grab responds

by The Editor
August 5, 2022
0

Yesterday, it was reported that food delivery riders were set to go on a 24-hour nationwide strike today to...

Tesla investors approve stock split; Musk to add factories, Auto News, ET Auto

Tesla investors approve stock split; Musk to add factories, Auto News, ET Auto

by The Editor
August 5, 2022
0

Tesla announced plans for the split in late March when shares were trading over $1,000. It will not affect...

FACT OR FICTION: The Sobering Truths Behind Fleet Safety – Webinar

FACT OR FICTION: The Sobering Truths Behind Fleet Safety – Webinar

by The Editor
August 5, 2022
0

August 24, 2022 |11:00 AM PST |Duration: 1 Hr ...

Auction Academy Class Marks a Half Year of Upfront Training – Remarketing

Auction Academy Class Marks a Half Year of Upfront Training – Remarketing

by The Editor
August 4, 2022
0

Auction Academy’s 7th Class Group met in Spokane, Washington for three days of training that included DAA...

Cummins completes acquisition of Meritor, to deliver decarbonized solutions, Auto News, ET Auto

Cummins completes acquisition of Meritor, to deliver decarbonized solutions, Auto News, ET Auto

by The Editor
August 4, 2022
0

New Delhi: Global power and technology leader, Cummins Inc. recently completed the acquisition Meritor, Inc., a leading global supplier...

2022 Chevrolet Silverado 1500 ZR2 AWD Review & Test Drive : Automotive Addicts

2022 Chevrolet Silverado 1500 ZR2 AWD Review & Test Drive : Automotive Addicts

by The Editor
August 4, 2022
0

Who would have thought that there would be an American truck race where manufacturers are vying for recognition for...

Load More
Next Post
Korean car makers improve market share substantially, Auto News, ET Auto

Korean car makers improve market share substantially, Auto News, ET Auto

MG Gloster variant-wise prices, equipment, specifications detailed

MG Gloster variant-wise prices, equipment, specifications detailed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

No Content Available
Load More
198 Automobile News

Get the latest automotive news and follow the coverage of updates, new release, auctions, deals and and more from the world's top trusted sources.

Follow Us

Categories

  • Auto Auctions
  • Autodeals
  • Blog
  • Brands
  • Business
  • Clubs
  • Global Trends
  • News
  • Reviews
  • Videos

Recent News

CerebrumX’s deep learning platform hints at the future of connected vehicle data

CerebrumX’s deep learning platform hints at the future of connected vehicle data

August 5, 2022
Food delivery strike in Malaysia today – Grab responds

Food delivery strike in Malaysia today – Grab responds

August 5, 2022
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2020 198 Automobile News.

No Result
View All Result
  • Home
  • Videos
  • Business
  • Brands
  • Clubs
  • Ratings & Reviews
  • News
  • Blog
  • Ad
  • Autodeals
  • Auctions
  • Global Trends
  • Contact Us

Copyright © 2020 198 Automobile News.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?