......RBI's twin moves of increasing the LAF repo rate by 25 basis points and decreasing the MSF rate by an equal amount was widely expected, after the Macroeconomic Review put out by the RBI a day before, said the Federation of Indian Export Organisations (FIEO). Industry body CII welcomed the 25 bps reduction in MSF rate as it would help banks to reduce short term interest rates and enhance their lending operations during the busy season especially at a time when there is a significant reduction in the flow of funds to productive sectors of the economy. However, the commensurate rise in repo rate has come as a disappointment to industry especially..........
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.
No comments:
Post a Comment