Page-4 of Interest rate Current Affairs, GK & News
India Inc is dissatisfied with RBI’s decision of keeping interest rates unchanged As per Assocham, a cut in interest rates may give some boost to the industrial sector and help the economy come back on the higher growth trajectory The step by RBI shows its priority to curb inflation over growth As per CII, supply-side ..
Month: Current Affairs - June, 2012
Background: The Reserve Bank began exiting from the crisis driven expansionary policy in October 2009. Between January 2010 and October 2011, the Reserve Bank cumulatively raised the cash reserve ratio (CRR) by 100 basis points and the policy rate (the repo rate) 13 times by 375 basis points. This monetary policy response was calibrated on ..
The Reserve Bank of India’s third quarter recapitulation of monetary policy was devoid of major surprises. The only change in monetary policy instruments was a cut in the Cash Reserve Ratio (CRR) by 0.50% point to 5.5%. This decision will in turn resulted in- Release of Rs.32,000 Crore of funds squeezed from banks. The key ..
Topics: Central bank • Economy • Finance in India • Inflation • Interest rate • Macroeconomics • Monetary Policy • Money • Money Supply • Open market operation • Repurchase agreement • Reserve Bank of India
The Government has recently accepted the recommendations of former RBI deputy governor Shyamala Gopinath panel which would help investors earn higher interest on small savings schemes such as public provident fund and post office deposits. The schemes are now under the market-linked interest rate system. What is market-linked interest rate system for small savings scheme? ..
Category: Government Schemes Current Affairs
Recently, the Reserve Bank of India has completely deregulated the interest rates. The Interest on Savings Banks Account was the last administered pricing imposed by the banking regulator and now the savings bank account interest rates have been deregulated. This will set a stage among the banks to attract more deposits by offering attractive interest ..