No prospects of reduction in interest rates!
Posted on: 30/Mar/2015 3:18:12 PM
Reserve Bank of India is set to declare its revised financial policy on 7th April.
DBS Bank informs that there may not be any reduction in the interest.
However, DBS expects a possible reduction of interest rates by 0.25% during June.
RBI has carried out reduction in interest rates twice in the current financial year.
DBS informs that as interest rate reductions were carried out during January & March this year by RBI, there may not be much scope further reduction in interest rates in April!
