RBI analytical report to be released tomorrow: 0.25% reduction in interest?
Posted on: 02/Jun/2014 4:11:10 PM
The eagerly awaited analytical report by RBI on the fiscal policies is set to be released tomorrow, 3rd June.
As per ASSOCHAM, (The Associated Chambers of Commerce and Industry of India), repo rate & reverse repo rate,interest rates are expected to be reduced by 0.25%. Repo rate is the rate at which the central bank of a country (RBI in case of India) lends money to commercial banks in the event of any shortfall of funds.
This information is gathered as per the exchange of views of the heads of various organizations and experts in Economics.
