RBI: RBI may increase the repo rate by 0.50 percent, then the loan installment will increase, the rate of retail inflation expected to decrease

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Reserve Bank of India (RBI) may increase the repo rate by 0.35 to 0.50 percent today. Brokerages such as Barclays, Citi and DBS expect the repo rate to rise to 5.40 per cent. Due to which it will reach the level of August, 2019. This will make the loan installment costlier. Lending institutions, including 4 banks, had increased interest rates last week, before today’s decision of the RBI.

This time the RBI may lower the inflation forecast and increase the growth forecast. Barclays expects retail inflation to be 6.6 per cent in July, which could be marginally higher than the RBI’s fixed range of 2 to 6 per cent. In such a situation, the process of increasing the rates from October may stop. This will be the third time in a row that rates will be hiked. India is at number 8 in the world in terms of increasing the rate.

500 billion rupees increase in circulation
RBI data shows that since April till now the Indian currency has increased by Rs 500 billion. This is half as compared to Rs 928 billion in the same period last year. In 2020-21 it was Rs 2.25 lakh crore. In the last financial year, it had increased by Rs 2.80 lakh crore.

Installment increased by Rs 4,217 from April
The home loan installment of Rs 50 lakh with a tenure of 20 years used to come to Rs 40,433 at 7.55 per cent. Now the installment has increased to Rs 41,202 at 7.80 per cent interest rate. However, the same installment in April was Rs 36,985 based on the interest rate at that time. In this way, it has increased by Rs 4,217.

then the rupee beyond 79
The Indian rupee is continuously falling against the dollar. Recently it had crossed 80. However, after strengthening in the middle, it broke 62 paise on Wednesday and closed at 79.40 on Thursday, falling 25 paise.

fall in forex reserves

Country fall
China $179 billion
India 62 billion dollars
Thailand 28 billion dollars
The. Korea $25 billion

(Figures are for this year)

Foreign investors are investing in August

  • 25,752 crore investment last year
  • 2.03 lakh crore withdrawal this year
  • Investment of Rs 4,989 crore in July after 9 months
  • Bought 10 thousand crore shares in August

These are the major countries to increase the interest rate this year

Country growth
Brazil 4.00 percent
America 2.25 per cent
Canada 2.25 per cent
Australia 1.25 percent
The. Korea 1.25 percent
UK 1.00%
India 0.90 percent
Eurozone 0.50 percent

Expansion

Reserve Bank of India (RBI) may increase the repo rate by 0.35 to 0.50 percent today. Brokerages such as Barclays, Citi and DBS expect the repo rate to rise to 5.40 per cent. Due to which it will reach the level of August, 2019. This will make the loan installment costlier. Lending institutions, including 4 banks, had increased interest rates last week, before today’s decision of the RBI.

This time the RBI may lower the inflation forecast and increase the growth forecast. Barclays expects retail inflation to be 6.6 per cent in July, which could be marginally higher than the RBI’s fixed range of 2 to 6 per cent. In such a situation, the process of increasing the rates from October may stop. This will be the third time in a row that rates will be hiked. India is at number 8 in the world in terms of increasing the rate.

500 billion rupees increase in circulation

RBI data shows that since April till now the Indian currency has increased by Rs 500 billion. This is half as compared to Rs 928 billion in the same period last year. In 2020-21 it was Rs 2.25 lakh crore. In the last financial year, it had increased by Rs 2.80 lakh crore.

Installment increased by Rs 4,217 from April

The home loan installment of Rs 50 lakh with a tenure of 20 years used to come to Rs 40,433 at 7.55 per cent. Now the installment has increased to Rs 41,202 at 7.80 per cent interest rate. However, the same installment in April was Rs 36,985 based on the interest rate at that time. In this way, it has increased by Rs 4,217.

then the rupee beyond 79

The Indian rupee is continuously falling against the dollar. Recently it had crossed 80. However, after strengthening in the middle, it broke 62 paise on Wednesday and closed at 79.40 on Thursday, falling 25 paise.

fall in forex reserves

Country fall
China $179 billion
India 62 billion dollars
Thailand 28 billion dollars
The. Korea $25 billion

(Figures are for this year)

Foreign investors are investing in August

  • 25,752 crore investment last year
  • 2.03 lakh crore withdrawal this year
  • Investment of Rs 4,989 crore in July after 9 months
  • Bought 10 thousand crore shares in August

These are the major countries to increase the interest rate this year

Country growth
Brazil 4.00 percent
America 2.25 per cent
Canada 2.25 per cent
Australia 1.25 percent
The. Korea 1.25 percent
UK 1.00%
India 0.90 percent
Eurozone 0.50 percent

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