Reserve Bank of India Archives

Great relief by RBI, Interest rates unchanged!

April 1, 2014 Business 0

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 …

The Reserve Bank made loans expensive, EMI will increase

September 20, 2013 Business 0

Cheap loans in the road just before the festive season Inflation has once again become a wall . To overcome this, the Reserve Bank of India ( RBI) governor, as Raghuram Rajan debt in its first review of the monetary policy rate ( repo rate ) per cent and 7.50 per cent increase in the quarter . The hike from the car to the dream house will be expensive . Raghuram Rajan banks have announced steps to increase the availability of cash so that they can easily give loans . But Rajan is clear that all measures to control inflation …

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