In the RBI policy meet today, the reserve bank has decided make no changes to Repo / Reverse Repo rates which is as expected after making two surprise rate cuts this year. A section of the market although had expected some tweaking in SLR or CRR. However RBI decided to leave these unchanged as well. Repo Rate remains at 7.5%, SLR at 21.5% and CRR at 4%
Rajan is probably waiting to get more clarity on Fed moves and also worried about the impact of the unseasonal rains and the impact that may have on food inflation and therefore on targeted inflation levels.
Repo rate is the rate of interest at which RBI lends to commercial banks
Rajan is probably waiting to get more clarity on Fed moves and also worried about the impact of the unseasonal rains and the impact that may have on food inflation and therefore on targeted inflation levels.
Repo rate is the rate of interest at which RBI lends to commercial banks
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