“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: RBI Credit Policy
RBI’s Monetary Policy: CRR slashes, Rates unchanged
After unveiling the mid-quarter review of the monetary policy by Reserve Bank of India (RBI) Governor D Subbarao, a much disappointing wave spread among the marketers, but a strongest attack in appositive move toward inflation.
RBI’s policy brings unchanged repo rates while cut off CRR, cash reserve ratio by 25 basis points from 4.75 per cent to 4.50 per cent, allowing banks to keep more cash and downing their lending rates, improving investments. Read more
