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No prospects of reduction in interest rates!
Posted on: 16/Oct/2014 2:38:33 PM
Recently, the inflation on retailed has come down to the lowest in the last 5 years.
However, finance experts opine that the Reserve Bank of India may not take steps to reduce current interest rates.
CRISIL rating system has also reported that there are no prospects of RBI reducing interest rates till the year end.
RBI has given top priority to keep prices under control and because of this, it may not consider any reduction interest rates.
However, the industrial sector has been demanding for a reduction in interest rates.
With the Reserve Bank of India’s determined efforts to bring down the inflation to 5% before the end of this year, its policies will be governed by this target.
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