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Central Bank Of India(RBI)Slashes Rate to Save Economy..
RBI is in aggressive mood, following the international trend of rate cut it has reduced the rate to infuse money in the market.Last package of $4bn did not had the expected impact.The lending rate of all major banks are still too high for the common man.The move is more to... Indian central Bank in Action.....
"Mumbai, Nov 01: After infusing Rs 1,85,000-crore liquidity into the banking system, the RBI on Saturday effected yet another 100 basis points cut in Cash Reserve Ratio (CRR) and a 0.5 percent reduction in key short-term lending (repo) rate, signaling softening of interest...Indian stock index falls to lowest since late 2005
Indian stocks crashed to its lowest level in nearly three years. The fresh bout of selling pressure came after India's central bank cut down the growth projections. Also central bank refused to intervene in the sliding currency and didn't do any...Central Bank of India(RBI)cuts bank reserve requirement to 7.5 pct
To pump more than 600 bn rupees($12.2bn) in banking system , RBI slashed its CRR more then expectation.Previously RBI was supposed to reduse it to 8.5 % from 9%, but it redused it to 7.5%."The Reserve Bank of...India inflation lifts rate rise prospects
" By Joe Leahy in Mumbai Published: August 21 2008 20:58 | Last updated: August 21 2008 20:58 India’s inflation rate shot up to its highest level in more than 16 years this month,...India raises rate to 7-year high
After winning a confidential vote in Parliament and a general election in May 2009, the governing UPA alliance has aimed its forces against increasing inflation which currently stands at 12%. Thus, the Reserve...Top Members Today
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