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Dec 7, 2008

RBI cuts repo rate

IN · · 2 comments
The Reserve Bank of India has cut the repo rate and reverse rapo rate to contain the liquditity crisis in India. The Reserve Bank of India (RBI) has cut the repo rate and reverse repo rate by 100 basis points, each to 6.5% and 5% respectively on Satudary.

The RBI has changed the rates considering the global financial crisis. This move will help the economy in checking the impact of the global financial crisis on banking sector. There is liquidity crisis in the economy and banking sector need attention and time to time changes in the rates by RBI.


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