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RBI Cuts Interest Rates By A Huge 75 Basis Points
The Reserve Bank of India (RBI) today cut repo rates by a huge 75 basis points, something that we have not seen in the past. Repo rates are rates at which the RBI lends money to banks. The country's central bank ...
3 Reasons Why Bank FD Rates Will Go Further Down
While the RBI's bi-monthly monetary policy outcome for FY20 delivered on February 6, 2020 maintained key repo rates steady at 5.15%, it took to cutting interest rates in the system through some of the novel measures announced. And even as borrowers ...
Bank Fd Rates To Go Further Down Here S Why
Unanimous Decision At MPC To Hold Interest Rates Steady
The decision to hold interest rates steady was a unanimous decision by the Monetary Policy Committee. Dr. Chetan Ghate, Dr. Pami Dua, Dr. Ravindra H. Dholakia, Dr. Janak Raj, Dr. Michael Debabrata Patra and Shri Shaktikanta Das voted in favour of ...
RBI Projects GDP Growth At 6% For FY21
The Reserve Bank of India (RBI) on Thursday in its bi-monthly Monetary Policy Statement said that it has projected GDP (gross domestic product) growth at 6 percent for the financial year 2020-21. In the first half of FY21, growth is expected ...
Rbi Projects Gdp Growth At 6 For Fy
RBI Slashes GDP Forecast For 2019-20 To 5%
The Reserve Bank of India today slashed the GDP forecast for 2019-20 from 6.1 per cent made in the Oct Monetary Policy to just 5 per cent in the Dec Monetary Policy. "Various high frequency indicators suggest that domestic and external ...
Rbi Slashes Gdp Forecast For 2019 20 To
RBI To Cut Rate For the Fifth Time In Its October 4 Meet
For yet another fifth time, experts see the apex bank to lower the key policy rate, providing another impetus to the ailing economy that recorded the lowest GDP for the June ended quarter of 5%. The move will complement the government's ...
Rupee Trades Lower At 69.04
The domestic currency in Wednesday's trade opened lower and depreciated to an intra-day low of 69.09 per US dollar. Oil prices have climbed higher as US inventories are known to have been declined and because of the rising Middle East ...
Rupee Trades Lower At 69
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