Dr D. Subbarao, made a decision regarding key policy rates that is first in about three years. A 50 point basis was cut in the repo rate. This has been good news for banks giving them the relief they need on the liquidity front. This decision was made due to the slowdown in growth. It […]
The Reserve Bank of India has hiked bank rate for Primary (urban) Co-operative Banks by 3.5% to 9.5% with effective from February 13, 2012. “…it is determined that the bank rate should normally stay aligned to the MSF (marginal standing facility) rate. “Accordingly, it has been decided that with effect from the close of business […]
As inflation started showing signs of decreasing a lot of changes have taken place in the market. Headline inflation fell to 7.47% in December 2011, from 9.11% in the previous month. This is the lowest inflation value in the past two years according to the report given by Wholesale Price Index (WPI). Assocham, The Associated […]
