Today, the central bank, Reserve Bank of India has decreased the cash reserve ratio (CRR) by 0.25% and the new amount has been fetched at 4.25%. This move by Reserve Bank of India to reduce the CRR rate will infuse another Rs 17,500 crores into the banking system.
Tag: repo rate
Will Increase Of Interest Rates Help To Curb Inflation?
The Reserve Bank of India has hiked the repo rate and hence the key interest rates in the country by 25 basis points. With this announcement of hike in repo rate, all loans have become costlier and that includes the home loan, personal loan. The RBI authorities claimed that the move has been initiated in […]
RBI Credit Policy Will Increase Home Loan And Car Loan EMI’s
In order to cope up with the rising inflation, the Reserve Bank of India (RBI) has hiked its policy rate again. This is the tenth time that a hike seen in the RBI credit policy since last November. The repo rate at which the RBI gives credit to all the banks has gone up by […]