Search
RBI: Repo rate unchanged
April 10, 2017
The Reserve Bank of India under Urjit Patel did not surprise the investors. This is the first time since October that the policy rate is kept unchanged, but inflationary pressures are said to be taken care of. However, the Monetary Policy Committee raised the reverse repo rate, at which the Reserve Bank of India pays for excess deposits. This quarter payment by RBI was intended at lowering the distortion of money market rates. Banks are facing a lack of funds after demonetization (since November 8), which in turn has caused surge in liquidity and hence distorted money market rates.
Important Links:
Tags:
FinanceCourses
-
testssd
-
testssd
-
testssd
-
testssd
-
testssd
-
Sage Foundation - Professional Diploma in Banking
-
Banking course + Job
-
4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI)
-
3-in-1-management-program
-
MBA from HSNC University (Mumbai, India)
-
BBA from UK University
-
MBA for Executives
-
Certificate in Business English
-
Professional Diploma in Photography
-
Professional Diploma in Real Estate Management
-
Professional Diploma in Digital Marketing
-
4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI)
-
Post Graduate Diploma in Integrated Marketing, Advertising & Communication
-
Post Graduate Diploma in Digital Marketing
-
Post Graduate Diploma in Banking & Finance
-
MBA from ARU, Anglia Ruskin University (UK)
