RBI to open up on interest rate reduction
Posted on: 14/Mar/2014 5:47:15 PM
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With the inflation rate getting eventually lower, business persons are left confused without knowing if the interest rates will by anyway get reduced. They are now awaited for 1st April for the RBI Governor, Raghuram Rajan to issue the fiscal policy.
However, speaking to the higher officials at the RBI, they state the possibilities of reduction in interest rates to be very low. It is expected that reduction in interest rate will be considered only after finding an assured decrease in inflation rate.
