RBI: No change in interest rates
Posted on: 04/Aug/2015 5:56:06 PM
Reserve Bank of India has released the financial policies for August.
As already expected, there is no changed in the interest rates ratios.
RBI`s policy review meeting was conducted on today, Tuesday (4th August) in Mumbai.
Reserve Bank of India has announced that short-term interest loan ratio will continue at 7.25%.
Cash-on-hand ration CRR will continue at 4%.
It was announced in the review meeting that the expected economy growth rate for 2015-16 is 7.6%.
RBI has insisted on keeping a watch over the general inflation apart from food inflation and cooking gas inflation.
