Begin typing your search above and press return to search.
exit_to_app
His name is Khan, after all
access_time 2021-10-18T10:43:46+05:30
Not Rahul; Time for Priyanka in Uttar Pradesh
access_time 2021-10-18T15:35:44+05:30
Five years on,  Najeeb still missing
access_time 2021-10-14T11:35:37+05:30
access_time 2021-10-13T13:28:12+05:30
More than just an award, a message
access_time 2021-10-11T09:31:16+05:30
DEEP READ
exit_to_app
Homechevron_rightBusinesschevron_rightRBI keeps key lending...

RBI keeps key lending rates unchanged

text_fields
bookmark_border
RBI keeps key lending rates unchanged
cancel

Mumbai: The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase rate at seven percent.

The apex bank said that since the last rate cut, global macroeconomic indicators have deteriorated and that the headline inflation numbers are far above the comfort range.

"Since the RBI's annual policy statement in April, global macroeconomic and financial conditions have deteriorated. At the same time, the domestic macroeconomic situation too raises several deepening concerns," the apex bank said in a statement.

"While growth in 2011-12 has moderated significantly, headline inflation remains above levels consistent with sustainable growth. Importantly, retail inflation is also on an uptrend."

In April, Governor Duvvuri Subbarao had cut re-purchase rate by 50 basis points to 8 percent, which automatically impacted the reverse re-purchase rate which dropped to 7 percent from 7.5 percent.

IANS

Show Full Article
TAGS:
Next Story