Tuesday, October 29, 2013

Lending rates to increase

Reserve Bank of India Governor Raghuram Rajan has raised its policy repo rate by 25 basis points to 7.75% for the second time in two months to fight inflation. The move would possibly nudge banks to hike their loan rates. The new policy is focused to contain inflationary expectations, with or without support from fiscal policy.

No comments:

Post a Comment