Reserve Bank India raises
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Ratan Tata ~ Pranab Mukherjee ~ Forex Rates ~ Bullion Rates ~ RBI ~ SEBI ~ Stock Markets
Home / Business News / 2010 / September 2010 / September 16, 2010
Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps
RSS / Print / Comments

Reserve Bank of India

Manmohan Singh reviews financial inclusion efforts

RBI raises key rates to tame inflation

Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps

More on Reserve Bank of India

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

18 killed, several injured as bus falls into river in Bulandshahr

Pak's flawed Afghan policy of support to terror groups will bite back hard: Editorial

Ajay Devgan prays for success of his film in Ajmer

Pranab Mukherjee seeks more financial sector reforms

Australia asks CWG organizers for better treatment at closing ceremony

Study to find whether leptin helps type 1 diabetic patients

New study confirms smoking, cancer link (reissue)

Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps

The Reserve Bank of India (RBI) on Thursday raised short term lending or repo rate by 0.25 basis points and reverse repo rates by 50 basis points.


New Delhi, Sep 16 : The Reserve Bank of India (RBI) on Thursday raised short term lending or repo rate by 0.25 basis points and reverse repo rates by 50 basis points.

The new rates, which come into effect immediately, were announced as part of the first scheduled mid-quarterly review of the monetary policy.

The hike in rates will lead to a rise in cost of funds for the banks and eventually makes loans expensive, which will reduce consumption.

While inflation for August was 8.5 per cent according to the new series with 2004-05 as base year, food inflation was at a high of 15.10 per cent for the week ended September 4.

To check inflation, the RBI had raised these key rates by an identical margin in July.

ANI

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us