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India Reverse REPO Rate

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India Reverse REPO Rate

Frequency

Delivery Method

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Status

 
Latest Release
Oct 09, 2024
Actual
3.35%
Previous
3.35%
Reverse Repo rate is the rate at which Reserve Bank of India (RBI) borrows money from banks. Banks are always happy to lend money to RBI since their money are in safe hands with a good interest. An increase in Reverse repo rate can cause the banks to transfer more funds to RBI due to this attractive interest rates. It can cause the money to be drawn out of the banking system. A surprise cut in reverse REPO rates will be extremely dovish for the INR while a surprise hike will be extremely bullish.
Importance:
Country:
Currency: INR
Source: Reserve Bank of India
India Reverse REPO Rate
 
Release Date Time Actual Forecast Previous
Oct 08, 2024 23:30 3.35%   3.35%
Aug 07, 2024 23:30 3.35%   3.35%
Jun 06, 2024 23:30 3.35%   3.35%
Apr 04, 2024 23:30 3.35%   3.35%
Feb 07, 2024 23:30 3.35%   3.35%
Dec 07, 2023 23:30 3.35%   3.35%

News

Analysis

Craig Erlam
Week Ahead: Plenty More Action To Come By Craig Erlam - Feb 05, 2022

How aggressively will central banks raise rates?It’s been an incredible couple of weeks in the markets, one in which we’ve seen another hawkish move from multiple central banks, big swings...

Marc Chandler
Markets Calmer, Awaiting Fresh Incentives By Marc Chandler - Dec 08, 2021

The capital markets were calmer today, and the fear that was evident at the end of last week remained mostly scar tissue. Led by gains in Japan, China, Australia, New Zealand, and India, the MSCI...

Alhambra Investment Partners, LLC
Chart Of The Week: Pure Risk By Alhambra Investment Partners, LLC - Jun 17, 2018

Well before Jerome Powell changed his dots a little, or the ECB chickened out, the Reserve Bank of India had already acted. For the first time since January 2014, on June 6 the RBI raised its...

Reverse REPO Rate Discussion

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