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
Tag: Inflation
RBI’s monetary policy review: key rates unchanged
All eyes are on Reserve Bank of India’s mid-quarter review of monetary policy today, expected that due to inflation chances of key interest rates to be remained unchanged in the policy review.
The repo rates and reverse repo rate remains unchanged at 8 per cent and at 7 per cent.
While experts indicated, govt is likely choose cut the cash reserve ratio (CRR), the portion of deposits banks have to mandatory park with RBI unchanged at 4.25 per cent that help to tighten the liquidity. Read more
Diesel price hike by Rs 5/litre, BJP on protest
Diesel Price hiked by Rs 5 per litre, the one of the biggest hit over industrial history in 15 months, by Cabinet from midnight a 14 percent rise, including taxes.
It is for the first time that Cabinet Committee on Political Affairs (CCPA) chaired by Prime Minister Manmohan Singh, raised limit over the supply of sensitive subsidized LPG gas as each family to have 6 cylinders per year, Read more
RBI unlikely to cut rates on inflation risk
Amid confliction whether to hold the higher interest rates or cut them to decline inflationary crisis, the Reserve Bank Of India is under much pressure. On Monday, it said that the decision has come after reviewing the quarterly monetary policy on Tuesday, may be balanced the status quo on interest rates.
It expected that RBI will keep its rates unchanged, a much disappointment today for Industry honchos and bankers. Read more
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