Tagged with repo rates

RBI Paves Way

Another repo rate reduction by 25 bps bring repo rate to 5.15 and RBI assures that that should GDP growth prospects remain bleak it will not mind further reduction which is not put under any band defining maximum or minimum. This is a very encouraging statement and reflects a commitment to meet the needs according … Continue reading

RBI Adopts The Right Course

I take this opportunity to tell you that today our new RBI Governor Mr Urjit Patel has boldly given the economy a push by reducing policy rates by 25 basis points (0.25%). I would now also dare to announce as per my own little understanding of markets and the economy that with another cut in … Continue reading