“The RBI has obliged on the Government’s call to the Central Banker to support its growth agenda by cutting Repo rate by 25 basis points. An improvement in trade deficit, drop in core inflation, achievement of 5.2% fiscal deficit and slowing growth prompted RBI to act. Read more
Tag: CRR
HDFC cuts Auto Loan rates by a half percent point
Prevailing RBI’s monetary policy rates, private sector lender HDFC Bank has announced to reduce Auto loan rates to buy vehicles by upto 0.5 percent. Read more
Repo Rate cuts with CRR slashing move, loans to get cheaper
Set with market expectations, the Reserve Bank of India (RBI) on Tuesday cut off short term repo rate by 0.25 to 7.75 % in its quarterly monetary review, raising hopes that Indian economy is appearing on right track. Read more
RBI to cut repo rates first time in nine months
The Reserve Bank of India (RBI) is expected to cut key rate by 25 basis points in its monetary policy review next week, responding government efforts regarding economic reforms. Read more
