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RBI cuts key rates by up to 100 bps

PUBLISHED ON: January 2, 2009 | Duration: 1 min, 07 sec

   
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Encouraged by declining price line, the Reserve Bank today announced steps to inject an additional Rs 20,000 crore into the system, a move that would pave the way for further cut in interest rates and more funds for credit disbursal. As part of decisions, forming the second stimulus package finalized jointly with the government, RBI announced cut in Cash Reserve Ratio (percentage of deposits that banks have to keep with RBI) and other key rates.
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सिटी सेंटर: फेल हुई बीएमसी की तकनीक और जल्द आएगा 100 रुपये का नोट

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