This is a good news to all the people who want to take the loan from financial institutions that Government is thinking to reduce the interest rates once again.
RBI governor D Subbarao gave a hint after having a meeting with Bankers. RBI is trying to lowering the Repo and reverse repo rate by 25 basis point each to 4.75 and 3.00% respectively. Repo rate is a rate at which RBi lends to bank and Reverse Repo rate is a rate at which banks parks their surplus money with the RBI.
Showing posts with label Reverse repo rate. Show all posts
Showing posts with label Reverse repo rate. Show all posts
Tuesday, April 21, 2009
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