NEW DELHI: The Reserve
Bank of India in its quarterly review meet on Tuesday cut the cash
reserve ratio (CRR) by 50 bps to ease tight liquidity pressure in the
banking system.
The bank hiked rates 13 times since March 2010, the most aggressive pace of monetary tightening among its global peers, to deal with the persistently high inflation, including rising prices of food items. The RBI left interest rates unchanged in December.
BSE has rallied by 250+ till 2 pm. Market has received the news with a lot of cheer. With this we finally have peaked on interest rates.
The bank hiked rates 13 times since March 2010, the most aggressive pace of monetary tightening among its global peers, to deal with the persistently high inflation, including rising prices of food items. The RBI left interest rates unchanged in December.
BSE has rallied by 250+ till 2 pm. Market has received the news with a lot of cheer. With this we finally have peaked on interest rates.
xcellent blog post - as you always provide and inspire me to come again.
ReplyDeleteI have a modern class commercial project with the name of
Trustone City Noida that's offers commercial complex. The sizes available are 250 sq.ft to 5000 sq.ft.