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
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