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
Tuesday, April 21, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment