| Reserve Bank of India will anounce its mid-year credit policy on October 27, 2009. |
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| Written by Site Administrator |
| Tuesday, 20 October 2009 12:06 |
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Speculations are rife that the apex bank is unlikely to modify the borrowing and lending rates in its monetary policy review. The rates are likely to see upward movement from April 2010 say experts. Experts feel that at this juncture modifying the cash reserve ratio is also not likely. Currently the rates are as follows: CRR: 5% Repo Rate (the rate at which Banks borrow from RBI): 4.75% Reverse Repo Rate (rate at which RBI borrows from banks): 3.25% Comments (0) |