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Urjit Patel maiden monetary policy News

04 Oct 2016

Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%

In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 percent to six-year low of 6.25 percent in a unanimous decision by the new rate-setting panel MPC.

04 Oct 2016

Urjit Patel unveils debut policy review, says RBI to deal with the NPA situation with pragmatism

Stating that the RBI will watch out for outcome of US Presidential elections, Patel added that for the first time in a long time, weak global demand is going to bring down trade volume.

04 Oct 2016

RBI Governor Urjit Patel offers festive gift to borrowers, cuts interest rates by 0.25%

The newly-constituted Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel on Tuesday cut repo rate by 0.25 percent in its maiden policy review which is likely to make home and auto loans cheaper.

04 Oct 2016

RBI Governor Urijit Patel to present maiden monetary policy today

Moving away from the usual practice of announcement at 11 am, the fourth bi-monthly monetary policy review would be made public at 2:30 pm after the MPC meeting.

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