What does RBI’s policy mean to borrowers and depositors?

- Advertisement -

MUMBAI (CU)_During its bi-monthly monetary policy meeting held on Thursday (10 February), the Reserve Bank of India decided to keep the repo rate and the reverse repo rate unchanged. It has been over one and a half years since the central changed its repo rate to 4 per cent in May 2020, while the reverse rate has been maintained at 3.35 per cent for even longer. Accordingly, while borrowers can breathe a sigh of relief, this decision of the central bank means there is no immediate respite for depositors who have been earning lowest interest rates on their fixed deposits.

No change in policy rates mean…

Hot this week

Are NZ Authorities Prepared as Heavy Rain, Gales and Alpine Snow Combine into a Nationwide Threat?

A major weather system is currently moving across New...

Are Audit Failures and Output Declines at OBP Fueling Livestock Disease Risks — or Is the Picture More Mixed?

Africa (Commonwealth Union) _ The Southern African Agri Initiative...

Will New UK Legislation Let Troops Destroy Suspect Drones Over Military Bases?

(Commonwealth_Europe) Britain is preparing to grant its armed forces...

Can a Nickel-and-Lithium Axis Between Indonesia and Australia Build Indo-Pacific Supply-Chain Resilience?

In today's world of growing great power competition, middle...

Mystery foam on the Thetford River prompts investigation

(Commonwealth_Europe) Thick white foam still floats along parts of...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.