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Reserve Bank of India Governor Raghuram Rajan has announced his last Bi-monthly Monetary Policy Statement today before leaving the office in September. In this review meeting, he has kept the repo rate unchanged at 6.5%, reverse repo rate unchanged at 6 %, CRR unchanged at 4%, SLR unchanged at 21.5%. LAF will remain unchanged at […]

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Manas on June 7th, 2016

1. Congress Legislature Party leader V Narayanasamy was sworn in as Chief Minister of the Union Territory of Puducherry by Lt. Governor Kiran Bedi who administered the oath of office. 2. Bharti Airtel has appointed Ashok Ganapathy as Director for Airtel Business with effective from 1st July 2016. He will replace Manish Prakash who has […]

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RBI Governor Dr Raghuram Rajan has cut repo rate by 50 bps during its first bi-monthly monetary policy review meeting for fiscal year 2016-76 today. Repo rate, the rate at which RBI lends money to banks for the short term, was cut by 50 bps to 6.5% while the Reverse Repo Rate, the rate at […]

Continue reading about RBI cuts repo rate by 50 bps to boost growth during its monetary policy review today

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its sixth bi-monthly monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 6.75% while the Reverse Repo Rate, the rate at which RBI borrows […]

Continue reading about RBI keeps repo rate unchanged at 6.75 percent during its monetary policy review today

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its fifth bi-monthly monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 6.75% while the Reverse Repo Rate, the rate at which RBI borrows […]

Continue reading about RBI keeps repo rate unchanged at 6.75 percent during its monetary policy review today

 

In a surprise move, the Reserve Bank of India cut the repo rate, its short-term lending rate to banks, by 50 bps, to 6.75% with immediate effect today during its monetary policy review meet. At the same time it has cut reverse repo by 50 bps to 5.75% while kept the Cash Reserve Ratio unchanged […]

Continue reading about RBI cuts interest rate by 50 bps in surprise move today

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its third bi-monthly monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 7.25% while the Reverse Repo Rate, the rate at which RBI borrows […]

Continue reading about RBI keeps repo rate unchanged at 7.25 percent during its monetary policy review today

 

RBI Governor Dr Raghuram Rajan has cut key policy rates by 25 bps with immediate effect today as a part of its second bi-monthly policy announcement as expected by economists. Repo rate, the rate at which RBI lends money to banks for the short term, was reduced by 25 bps to 7.25% while the Reverse […]

Continue reading about RBI cuts repo rate by 25bps today to boost growth

 

RBI Governor Dr Raghuram Rajan has kept key policy rates unchanged during its first monetary policy review meeting for fiscal year 2015-16 today. Repo rate, the rate at which RBI lends money to banks for the short term, was kept unchanged at 7.5% while the Reverse Repo Rate, the rate at which RBI borrows money […]

Continue reading about RBI keeps repo rate unchanged at 7.5% during its monetary policy review today

 

In a surprise move, RBI Governor Dr Raghuram Rajan has cut key policy rates by 25 bps with immediate effect today due to improved fiscal condition of Indian economy. Repo rate, the rate at which RBI lends money to banks for the short term, was reduced by 25 bps to 7.50% while the Reverse Repo […]

Continue reading about RBI cuts repo rate by 25bps in a surprise move today; Sensex crosses 30000 mark

 

 

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