Release of RBI’s Interest rate policy tomorrow (2nd December)!
Posted on: 01/Dec/2014 2:24:47 PM
Reserve Bank of India’s monetary policy is set to be released tomorrow, Tuesday, 2nd December.
CEO of State Bank of India, Ms. Arundhathi Bhattacharya has expressed that there are likely to be no changes in the interest rates.
Other banks expect that there would be a reduction in the interest rate at least by 0.5%.
Inflation in the country continues to be on the down-trend.
However, growth in the agriculture and manufacturing sectors has been rather dull leading to the economic growth for the 2nd quarter to drop to 5.3%.
Because of this there is news that there may not be any changes in the current interest rates.
ASSOCHEM reports that many Indian companies expect at least 0.5% reduction in the interest rates.
