RBI Announcement: No changes in Interest Rates!
Posted on: 07/Apr/2015 3:36:48 PM
Reserve Bank of India has announced that there is no change in the interest rates of short-term loans to the banks.
RBI�s monthly release of Loan & Finance Policy was released today (Tuesday, 7th April).
RBI Governor, Mr. Raghuram Rajan, informed that there are no changes in the interest rates.
REPO rates will continue at 7.5% (the loan extended by RBI to other banks) and CRR (Cash Reserve ratio) will continue at 4%.
RBI governor also informed that the retail trade inflation is expected to stabilise at 5% to 5.5% during this current financial year 2015-16.
