New Delhi: After three years and 13 consecutive rate hikes, the RBI has finally reversed the gear. In a surprise move, the RBI cut the repo rate - at which it lends to banks - by half a per cent. It is a strong signal to banks to cut interest rates on loans. Deepak Parekh said, "RBI has bitten the bullet." The banks admit the signal can't be ignored -...
08:59 PM, Apr 17, 2012
Bangalore: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said RBI reducing lending rates along with government efforts to bring down fiscal deficit should boost economic growth this year. "I think the lowering of the interest rate by the RBI combined with Finance Minister Pranab Mukherjee's endeavours to bring the fiscal deficit down, should propel the economy upwards this year," he told reporters on the sidelines of a government...
05:26 PM, Apr 17, 2012
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. ...
01:46 PM, Apr 17, 2012
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. Tuesday's rate cut announced by the RBI in its annual...
11:14 AM, Apr 17, 2012
New Delhi: India's food price index rose 8.84 per cent and the fuel price index climbed 13.96 per cent in the year to Sept. 10, government data on Thursday showed. In the previous week, annual food and fuel inflation stood at 9.47 per cent and 13.01 per cent, respectively. The primary articles index was up 12.17 per cent, compared with an annual rise of 13.04 per cent a week earlier....
12:35 PM, Sep 22, 2011
Mumbai: Continuing with its anti-inflationary stance, the Reserve Bank of India (RBI) has raised the benchmark interest rates by quarter of a per cent point on Friday, while keeping cash reserve ratio (CRR) rate unchanged. This is the 12th hike since March, 2010, making auto, home and other loans costlier. State Bank of India Managing Director A Krishna Kumar said that the bank will pass the burden of hike to...
12:09 PM, Sep 16, 2011
New Delhi: BJP on Wednesday criticised the increase in repo and reverse repo rate by the RBI, saying it will push up interest rates and asked the Manmohan Singh government to instead go for infrastructure development programmes and manage supply of foodgrains to check inflation. "Repo Rate hike by 50 bps will prove counter-productive. Instead of taming inflation these hikes will further trigger it. In the last 15 months the...
05:24 PM, Jul 27, 2011
Mumbai: With a view to rein in high inflation, the Reserve Bank of India on Tuesday raised its key short-term lending and borrowing rates by 0.25 per cent each with immediate effect. The short-term lending (repo) rate has been hiked to 6.50 per cent and the borrowing (reverse repo) to 5.50 per cent, a move that will make funds expensive for banks and may lead to a hike in interest...
12:10 PM, Jan 25, 2011
Mumbai: The Reserve Bank of India on Thursday increased interest rates by upto half a per cent while announcing the new credit policy. But EMIs could still take a couple of months to go up. The central bank raised short-term borrowing rate (reverse repo) by 0.50 percentage points to five per cent and lending rate (repo) by 0.25 percentage points to six per cent. The new rates, which come into...
12:02 PM, Sep 16, 2010
RBI cut repo and reverse repo rates by 50 basis points. ...
12:25 PM, Mar 05, 2009
Reduced repo and reverse repo rates help in infusing liquidity in the economy. ...
11:59 PM, Mar 04, 2009
Reduced repo and reverse repo rates help in infusing liquidity in the economy. ...
10:28 PM, Mar 04, 2009
This new year, banks are giving no gift to borrowers. ...
06:35 PM, Dec 31, 2008
Reverse repo rate falls to 5 pc from 6 pc, its lowest in more than three years. ...
01:33 PM, Dec 06, 2008
Sensex broke below 9,000 for the first time in two years. ...
02:53 AM, Oct 25, 2008
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
