Effective February 1, IDBI Bank reduced its deposit and lending rates by 25 basis points after the Reserve Bank of India (RBI) cut policy repo rate and banks' cash reserve ratio (CRR). In its third quarter review of monetary policy, RBI cut repo rate by 0.25 per cent and slashed CRR by the same margin to inject Rs 18,000 crore of liquidity into the syst
Tag: policy rate
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RBI hints at more policy easing if inflation, CAD falls
The Reserve Bank of India (RBI) Governor D Subbarao informed reporters that there would be more room for monetary policy actions if inflation eases further and the current account deficit moderates further. He said this after announcing the decision of the RBI to reduce repo rate by 25 basis points and cash reserve ratio (CRR) of scheduled commercial banks by 25 bps in the third quarter monetary policy
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Governor comments temper policy rate cut hope
Expectation that Reserve Bank of India (RBI) would reduce policy rates during the monetary policy review on January 29 was tempered by the recent remarks of Governor D Subbarao. Subbarao recently remarked that reducing inflation is the priority of the central bank and will always be. Only then can the poor be given relief, he added
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RBI may cut repo rate in Jan policy; Credit Suisse
According to brokerage firm Credit Suisse, in its monetary policy meeting on January 29, the Reserve Bank of India (RBI) may reduce repo rate by 50 basis points, to 7.5 per cent because of decline in inflation. In a recent research report, Robert Prior-Wandesforde of Credit Suisse said the repo rate may be redu