No changes in RBI interest ratio
Posted on: 09/Aug/2016 4:15:58 PM
A review meeting on the financial policies was conducted at Mumbai today (Tuesday, 9th August). At the end of the meeting, it was announced that there is no change in the interest ratio of the Reserve Bank of India.
The finance policy review meetings are conducted once in 2 months. The last finance policy review meeting was conducted today (9th August).
The tenure of the present Reserve Bank of India governor Raghuram Rajan ends by 4th September. This was the last meeting he participated. So, the meeting carried additional importance.
An announcement regarding some change in the interest ratio was expected. At the end of the meeting, it was announced that the short term loan interest ration, REPO, will continue at 6.5 percent. CRR (Cash Reserve Ratio) will also continue at 4 percent.
In this regard, the Reserve Bank of India that it would be proper not to change the interest ratios during the period when the policies are being implemented.
