No change in the interest rates of RBI!
Posted on: 05/Aug/2014 4:11:28 PM
Reserve Bank of India’s Loan Policy Analysis team had a meeting in Bombay.
A decision was taken that there will be no changes in the rates of interests.
At the end of the meeting, RBI announced that there will be no changes in the interest rates for REPCO at 8%, for reverse REPCO at 7%, and CRR at 4%.
The investment shares of the banks for loan deeds and gold has been reduced by 0.5%.
