RBI raises RR & Reverse Repo Rate

In recent development, answering to the 8.62 inflation increased to September from 8.5 of August 2010, RBI has increased the Repo Rates and Reverse Repo rate.he RBI changed the Repo rate to  6.25 per cent and raised the reverse repo rate to 5.25 percent.Its being the sixth time that the interest rat has been changed due to fluctuation in the inflation.RBI also ordered the bank not give  house loan exceeding 80% of total Assets. This means , for home loan Banks can only manage 80% of Fund of total valuation of Assets. This Automatically increased the Interest rate.I will not be surprised by the any fluctuations in share market, whats your thought? You can comment it below.

Here at Indijobs we are keeping Eye on the latest updates stay with us.

Share
Advertisement:


Get Results n Jobs in Your Mail

Enter your email address:

Delivered by FeedBurner


You may also like to read



No comments yet.

Leave a Reply