Tech: RBI hikes short term rates to cope up with inflation

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posted by mahendrasingh 556 days ago
To bring inflation to six percent by the month March 2011,The Reserve Bank of India has raised its borrowing and short-term lending rates by 0.50 percent and 0.25 per cent respectively.Though, this step is not going to pressurize the interest rates of banks.
2 comments | tags: india all | category: Tech | Content type: Text/Pictures | Add this link to... | tell a friend | bakwaas

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  • Avatar | written by vikash.ranjan2001 555 days ago Rating: 0 | Rate comment: + -

    It remains unchanged. The Reserve Bank of India is looking forward for a growth in country's economy.

  • Avatar | written by kaimanarichardson 553 days ago Rating: 0 | Rate comment: + -

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