Tuesday, January 24, 2012

Half Percent Reduction

Reserve Bank requires economic growth and price stability for delicate balancing, to work on Tuesday maintained the policy interest rates at current levels on banks lending more money to provide accessible cash reserve ratio as a measure of [CRR] half percent reduced the CRR. six commercial banks loans from 5.5 percent to 32,000 crores The extra cash will be available effective January 28th CRR..
Reserve Bank Governor. Subbarav, today in Mumbai, the commercial banks in the current fiscal year's monetary policy meeting with the third quarter review of its short-term lending rate, the repo, 8.5 per cent announced by stabilizing the Bank reverse repo rate; also on 7.5 per cent.
Industry business area citing the economy softening in policy interest rates by the Reserve Bank reduced strongly appealing. Bank said today, inflation given the current altitude and repressed inflation policy interest rates just to decrease inflation means hurry. repressed from the effects of Government price controls.
The Bank said that in a sustainable way to raise cash market CRR. CRR reduction can be seen as the future of the Reserve Bank reduce interest rates and strong stance.
That Reserve Bank CRR as banks deposit one part inevitably takes control and banks interest. RBI in his last madhyatimahi review said that interest rates in the current round is now at its peak. forward interest loss streak can begin to fix lending by banks. Central Bank [LAF] more short feature Sustainable facility and long term interest rate to 9.5 per cent interest-bank rate maintained at six percent.
Repo rate is the rate at which the Reserve Bank commercial banks have to complete daily cash shortage while reverse repo lending. Reserve Bank banks via the cash available to pick from some short-term lending. ghaton a day's transactions repo and reverse repo rate.
CRR cuts cash for loans to Bank clients now move on to attract interest rates soft., largely on the circumstances of the economy, the Reserve Bank has significantly exceeded current fiscal year in March 2012 in gross domestic product [GDP] growth estimates reduced seven per cent to 7.6 per cent increase was projected before..
Bank has said that he put his approach the policy aims to reduce the crisis of economic growth and price hike across the bond of pratyashaon. the Central Bank said the impact of CRR cuts and many times the current step in the banking system in the coming time of 1.6 lakh crore loans will be created.
Reserve Bank's stance on the stock market from the new hope news of CRR cuts. banks stocks surge. Reserve Bank Governor said in the next fiscal year than the year's economic growth will accelerate. the Reserve Bank on April 17 while presenting its annual monetary policy assumptions, of course.
Economic growth from the statement of the Reserve Bank about his new thinking. by mid-December just before the Central Bank to bring under control the da was working with only one agenda.
Reserve Bank of India before March 2010 reverse repo and repo up from October 2011 rates are a steady growth of 3.75 per cent was by the growth rate of 8.5 percent with repo and reverse repo with a percent difference of accordingly rate 7.5 per cent for these rates at the same level..