NEWS & ADVICE : PERSONAL LOAN
Policy rates expected to rise by 25 bps
By Vaibhav Aggarwal
May 2, 2011
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With the annual monetary policy for the current fiscal coming on May 03, tomorrow, it is expected that policy rates would see another 25bps rise.

If the rise as anticipated takes place, the repo rate of the bank would reach to 7% and the reverse repo rate to 6%.

Since March 2010, the central bank has raised repo and reverse repo rates eight times in order to tame the rising inflation figures and at the same time not to deter economic growth.

With rise in policy rates, it is expected that loan rates may also see a rise.


 


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