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Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
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RBI's Repo Rate Hike Likely To Have Nominal Impact On Car Loans And Sales
The sudden revision has raised concerns among the car buyers and automakers, while according to the experts, it is likely to have minimal impact on interest rates.
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RBI keeps repo rates unchanged, CRR cut by 0.5%
The Reserve Bank of India today announced its review of the third quarter monetary policy. The central bank did not touch repo rate (the rate at which the RBI lends funds to banks) and reverse repo rate (at which the RBI borrows money from banks).
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Sensex Up By 700 Points After RBI Cuts Repo Rate By 50 Basis Points
The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut from 6 per cent to 5.5 per cent and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent.
-
RBI's Repo Rate Hike Likely To Have Nominal Impact On Car Loans And Sales
The sudden revision has raised concerns among the car buyers and automakers, while according to the experts, it is likely to have minimal impact on interest rates.
-
RBI keeps repo rates unchanged, CRR cut by 0.5%
The Reserve Bank of India today announced its review of the third quarter monetary policy. The central bank did not touch repo rate (the rate at which the RBI lends funds to banks) and reverse repo rate (at which the RBI borrows money from banks).
