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The Reserve Bank of India, on Thursday raised its benchmark rate by 25 basis points to 7.50 percent, higher reverse repurchase rate by 25 basis points to 6.50 percent in a move to stem the rising Inflation in Asia’s third largest economy.
Rate policies of others, as the statutory liquidity ratio and cash reserve ratio – the minimum amount of money against deposits that banks must hold in cash or government securities specified – have been left intact.
Some short-term slowdown in growth may be inevitable in controlling inflation and central bank should persist in their anti-inflationary, the Reserve Bank of India said in its review of the medium-term policy
‘The increase confirms the willingness of legislators to continue the fight against inflation stubbornly high. We hope at least one more increase this year in Q3, but there is a possibility of more if inflation is stabilized by the RBI statement Then . The hard-liners.’s comments are likely to keep rates of short and sharp, but INR OIS may lead to flattening of the curve of growth slow down long rates lower. little impact seen on FX. “Dariusz Kowalczyk ssid, economist and strategist at Credit Agricole CIB in Hong Kong ..
Reserve Bank of India (RBI) announced Credit Policy on June 3.Announcement was very much on expected lines as predicted by majority of the bankers.The Bank kept Repo and Reverse Repo Rates at previous level of 8% and 7% respectively.However,there was a positive surprise in the form of Statutory...
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