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RBI cuts CRR by 1%, repo rate by 0.5%

Mumbai, November 1:: Home, consumer and corporate loan rates are likely to ease in the near future, with RBI announcing a slew of monetary measures including a one per cent cut in cash reserve and stautory liquidity ratios besides a 0.5 per cent cut in its short term lending rate. The CRR, the percentage of amount ....Read more

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Welcome move by RBI to help economic growthBy: S.R.Ram | Saturday , 1 Nov '08 16:28:35 PM Reply | Forward It is a welcome move to infuge liquidity in the cash trapped economy. With this move,banks should be in a postion to financial needs of industry and agriculture for productive purposes and thus boost the growth impetus.Effective monitoring of the flow of credit to needy segments is essntial to get the desired growth impetus.

RBI By: Praveen Gupta | Saturday , 1 Nov '08 15:52:49 PM Reply | Forward it is right decision taking at right time but SLR require some more reduction.

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