RBI review meeting tomorrow (4th Aug) - experts: no change in interest rates!
Posted on: 03/Aug/2015 5:16:43 PM
Reserve Bank of India is scheduled to conduct a meeting on review of financial policies tomorrow, Tuesday, 4th August.
The meeting will be chaired by RBI Governor Mr. Raghuram Rajan in Mumbai.
Since last January, RBI had reduced the short-term interest rates 3 times at 0.25% each.
Hence, most financial experts observe that there may be no announcement on further reduction in interest rates.
The banking administrators/officials feel that deposit interest rates should be reduced before any further reduction in short-term loan interests.
RBI Governor had a special consultative meeting with Central Finance Minister Mr. Arun Jaitley prior to this review meeting.
