New Delhi: The Reserve Bank's decision to cut cash reserve ratio (CRR) by half a percentage point will boost the economic growth by increasing liquidity in the system and reducing cost of fund, the Finance Ministry said on Tuesday. "CRR cut ensures that fair amount of money is available, the cost of fund is reduced ... All these things are good to create a growth enhancing impression," Economic Affairs Secretary...
01:39 PM, Jan 24, 2012
New Delhi: Finance Minister Pranab Mukherjee on Friday welcomed the Reserve Bank's decision to keep policy rates unchanged and expressed the hope that inflation would moderate in the coming weeks. "The need to improve the business sentiments and recover the growth momentum in the remaining months of the current fiscal necessitated a review of the monetary policy stance. I believe that inflation will moderate further in the coming weeks and,...
03:08 PM, Dec 16, 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
New Delhi: The Reserve Bank of India (RBI) hiked short-term lending and borrowing rates sharply by 50 basis points for the third time in three months to tame high inflation, a move that would make all personal and corporate loans more expensive. The repo rate has been hiked by 0.50 per cent to 8 per cent and the reverse repo rate has been hiked by 0.50 per cent to 7...
11:05 AM, Jul 26, 2011
Mumbai: Be prepared to pay more every month on your home, auto and other loans, as the Reserve Bank of India (RBI) on Thursday, for the 10th time since March, 2010, raised key interest rates by 25 basis points in its effort to control spiralling inflation. The RBI has raised the short-term lending (repo) rate by 25 basis points to 7.50 per cent and the short-term borrowing (reverse repo) rate...
12:23 PM, Jun 16, 2011
Mumbai: The Reserve Bank of India (RBI) on Monday raised the repo (rate at which it lends to banks) and the reverse repo (rate at which it borrows) rates by 50 basis points to 7.25 per cent and 6.25 per cent. RBI Governor D Subbarao in his credit policy announcement on Tuesday, said resurgence of inflation remains a concern while announcing the increase in repo rate. The central bank in...
11:13 AM, May 03, 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 Tuesday hiked its key short-term lending and borrowing rates by 25 basis points each with immediate effect to rein in inflation, a move that could increase banks' commercial lending rates. Accordingly, the short term lending rate or (repo rate) stands at 6.25 per cent and the borrowing rate (reverse repo) at 5.25 per cent. The RBI has, however, left the cash reserve ratio...
11:52 AM, Nov 02, 2010
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
The RBI has cut repo and reverse repo rate cut by 25 basis point. ...
01:22 PM, Apr 22, 2009
Through repo rate RBI infuses cash into the banking system. ...
12:33 PM, Apr 21, 2009
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
There will be further disincentive for banks to just park money with RBI. ...
11:44 PM, Mar 04, 2009
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