Slr News

India Inc welcomes RBI move

Indo-Asian News Service August 5, 2014 9:55 PM IST

The reverse repo rate, or the interest that the RBI pays to commercial banks when they park their surplus short-term funds with the central bank, has been adjusted to 7 percent.

Reserve Bank of India keeps rates unchanged, unlocks Rs 40,000 cr of bank funds

Press Trust of India June 3, 2014 5:45 PM IST

"At this juncture, it is appropriate to leave the policy rate unchanged, and to allow the disinflationary effects of rate increases undertaken during September 2013-January 2014 to mitigate inflationary pressures in the economy," Rajan said while unveiling the Second Bi-Monthly Monetary Policy Statement for 2014-15. Consumer price index (CPI) inflation, excluding food and fuel, has moderated gradually since September 2013 although it is still elevated, he said.

India’s central bank keeps key rates unchanged

Indo-Asian News Service June 3, 2014 5:02 PM IST

In the second bi-monthly monetary policy review for this fiscal, and the first after the Narendra Modi government took charge last month, Reserve Bank of India Governor Raghuram Rajan's stance has status quo given the prevailing domestic and overseas conditions.

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