Business

The 6th bimonthly monetary policy review by RBI

The 6th bimonthly monetary policy has been disclosed by Reserve Bank of India (RBI). The apex bank has decided to keep Repo rate unchanged at 7.75%. Also Cash reserve ratio (CRR) was kept unchanged at 4%. However it has decided go for a cut in SLR. To encourage banks to lend more, the central bank […]

bimonthly Monetary-Policy-review Uncategorized

6th Bimonthly monetary policy review by RBI

The 6th bimonthly monetary policy has been disclosed by RBI. After keeping ket policy rates unchanged last time reserve bank of india has decided to reduce the rates. Repo rate was cut by 25 basis points whereas the cash reserve ratio was kept unchanged. Dr. Rajan expected crude oil price to remain low over the […]