.....The signal for the broader economy lies more in what the commercial banks are doing, than what the central bank does. Lenders from State Bank of India to ICICI Bank are raising deposit rates. When banks are paying more for funds from you and me, how does it matter if the RBI is going to lend at a lower rate which anyway is based on government bonds that banks buy using our deposits.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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