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: monetary policy
RBI hit CRR cut again , Sensex goes red erases gain
Oct. 30 Business, India News Comments Off
With a move to push growth, the Reserve Bank of India today kept hold its policy rates, repo rates unchanged and being refused to move ahead for banks’ cash reserve ratio due to much pressure of inflationary on economy.
In its fourth quarter of 2012-13, RBI cut CRR by 25 basis points to 4.25 percent, the limited money that commercial banks have to retain in the form of liquid assets which leading to the some Rs.175 billion into the banking system. Read more
Tags: business, Commercial Banks, CRR Rates, D Subbarao, Featured, India News, interest rate, Liquidity ratio, monetary policy, NTN, RBI, RBI Governor, RBI Policy, Repo Rates, Sensex
RBI slashes repo rate by 50 bps, car and home loans to be cheaper
Apr. 18 Business Comments Off
A crucial and out of expected step has taken by Reserve Bank of India regarding basic points reduction of bank’s interest rate that has accepted by businessmen and the finance minister. It is of the first time in three years that RBI cut of rate repo.
In his statement, RBI Governor Duvvuri Subbarao told that the bank had decided to raise economic growth through a 50-basis-point cut in interest rates. This is unexpected by marketers and investors who had seemed a 25-basis-point cut from government officials. Read more
