Tag Archives: Reserve Bank of India

Reserve Bank of India (RBI) today announced the release of the first bimonthly monetary policy. As per the market expectations the central bank key interest rates unchanged. RBI retained the repo rate of 8 percent. RBI Governer Raghuram Rajan kept the repo rate unchanged by 8% in the monetary policy review of the central bank. Rajan said, “Lead indicators do not point to any sustained revival in industry and services as yet”. This decision will not affect the monthly instalments (EMI) of vehicle, housing and other loans. Moreover, the CRR has also been retained at 4 percent. The RBI had …