RBI has cut rates by a total of 135 basis points in five moves in 2019 and shocked markets by holding rates steady at its December meeting

Michael Debabrata Patra appointed RBI Deputy Governor: He is currently the Executive Director of the Monetary Policy Department

WPI inflation increases: Onions, which saw prices peak in December, observed an inflation rate of 455.8 per cent against 172.3 per cent in November

Indian Bank said its one-year MCLR is lowered to 8.30 per cent, while overnight MCLR has been cut by 5 bps to 7.90 per cent

SBI also said that new home buyers would now be able to get loans at an interest rate of 7.90 per cent per annum as compared to the earlier 8.15 per cent

RBI governor Shaktikanta Das further said that the total cost of projects sanctioned by banks and financial institutions rose from around Rs 37,000 in Q4 of FY19 to nearly Rs 46,000 crore in Q1 of FY20 and to over Rs 80,000 crore in Q2

The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year by a cumulative 1.35%

With retail inflation rising for the last four months, the RBI may find it difficult to cut rates going foward

Southeast Asia's growth this year is expected to be slightly lower than previously expected, as trade reliant economies like Singapore and Thailand are hit hard by the trade war and broader global slowdown

SBI MCLR cut: The bank has stated that it is the cheapest loan provider in the country

India's GDP growth rate slowed down to 4.5 per cent in the July-September quarter of this fiscal; matters have worsened since the June quarter when GDP growth slowed to 5 per cent, lowest in six years and a quarter

RBI Deputy Governor MK Jain said that they are still identifying the reasons and will look into what they can give as directions to the banks

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Since January 2014, RBI has reduced repo rate by 2.85 per cent to 5.15 per cent in October 2019. But, banks have not transferred this rate cut in entirety to consumers which is yet to be transmitted to retail borrowers

MPC wants to have a greater clarity on nature of fiscal measures Modi government is planning to take in Union Budget 2020-21 next year; it also wants to see a greater transmission key lending rates

The RBI's Monetary Policy Committee has decided to keep repo rate unchanged but sharply cut GDP forecast for 2019-20. Here's all you need to know about the MPC meet.

Since February, RBI has revised its GDP growth projections for financial year 2020 from 7.4 per cent in February to 5 per cent now, which is sharpest such revision in the recent years

Sensex fell 102 points to 40,747, Nifty lost 30 points to 12,018 after Reserve Bank of  India (RBI) kept repo rate unchanged at 5.15%

The monetary policy panel under Shaktikanta Das has kept the repo rate unchanged at 5.15 per cent; the central bank says it'll continue with its 'accommodative' stance

Bank Nifty was trading 85 points higher at 32,062. Among other gainers, BSE consumer durables index gained 183 points to 25,262