Indian Reserve Bank of India cut its lending rate by 25 basis points i.e. 0.25%
repo rate has been cut to 4.75 per cent from the existing 5 per
cent while the reverse repo has been cut to 3.25 per cent from the existing 3.5 per cent.RBI cuts interest rates by 25 bps LINK
Other headlines
RBI on a shopping spree for oil bonds
RBI to upgrade regulations to deal with menace of tax havens
A recent study indicates people from Indian Subcontinent have stashed more than 150billion $ in overseas places like, lichenstein, Mauritius, Switzerland etc .... U.S has started a crack down lets c what Indian regulators do about it
Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts
Tuesday, April 21, 2009
Reserve Bank of India reduces its intrest rates
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