Mumbai: The Reserve Bank of India (RBI) on Tuesday cut the repo rate by 50 basis points from 8.5 per cent to 8.0 per cent but did not touch the cash reserve ratio, which remains at 4.75 per cent. The cut in the repo rate is an indication that banks could reduce the interest rates on home and car loans. Following is the full text of RBI's Monetary Policy for...
11:35 AM, Apr 17, 2012
New Delhi: The Reserve Bank of India (RBI) might hike key interest rates at its policy review on Tuesday to tame inflation. The hike is likely to further dampen the demands for home and car loans which are already the lowest in recent months. The RBI on Monday gave strong hints of another hike - the 10th in the last 15 months - saying that high inflation requires further monetary...07:36 AM, Jul 26, 2011
The rates will be fixed at 10 pc for the second and third year. ...05:18 PM, Jun 27, 2009
ICICI Bank says auto loan rates won't soften atleast for the next 3 months. ...04:45 PM, Aug 03, 2007
The immediate effect of the RBI decision is a fall in the deposit rates. ...08:34 AM, Aug 01, 2007
With rates hovering between 12-14 pc, car buyers are sticking to cash deals rather than carrying the burden of long-term EMIs. ...01:07 PM, May 02, 2007
RBI’s decision to squeeze liquidity from the market has left experts apprehending if high interest rates would kill growth. ...03:25 PM, Apr 03, 2007
Car and home loans are likely to get even costlier with the Reserve Bank of India tightening noose around the banks. ...09:28 AM, Mar 31, 2007
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