|
| Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features |
| Pranab Mukherjee ~ Forex Rates ~ Bullion Rates ~ RBI ~ SEBI ~ Stock Markets |
|
Home
/ Business News / 2009 / February 2009 / February 18, 2009 HDFC chairman expects bank to cut rates again |
Housing is central to economic growth: Task Force report
Company Law Board Withdraws Four Government-Appointed Directors from Mahindra Satyam Board
PIL filed against Bahujan Samaj Party over 25th anniversary expenses
CPI lashes out at Government over austerity and price rise
India will be satisfied if Headley gets lifer: Home Secretary
US to employ a hard-line approach for China following Google deadlock
Lady Gagas racy Oz show has parents asking for concert classification
Reliance Industries says future Pak Finance Minister not its money manager
Liverpool suspends Riera for criticising Benitez
How the brain easily deciphers motion in Japanese line drawing
Housing Development Finance Corporation (HDFC) chairman Deepak Parekh has said that it expects the central bank to further cut its key policy rates in coming weeks.
New Delhi, Feb 18 : Housing Development Finance Corporation (HDFC) chairman Deepak Parekh has said that it expects the central bank to further cut its key policy rates in coming weeks.
"The inflation numbers have come down significantly and are on a downward trend. If the inflation number keep coming down, there is a better chance of interest rates coming down than going up," Parekh told reporters here last evening.
He expected that adding a cut may not happen immediately but could come after a few weeks.
Parekh further informed that banks have been depositing a surplus 400 to 600 billion rupees with the Reserve Bank of India on a daily basis.
Since October, the central bank cut its key lending rate, the repo rate, by 350 basis points in four moves to bolster growth.
ANI
