Thursday, July 31, 2014

RBI Likely to Keep Interest Rates on Hold in August: HSBC

.............In the June 3 policy review, the RBI left key rates unchanged and unlocked about Rs. 40,000 crore of funds by reducing the amount of deposits banks are required to park in government securities. This was the second time in a row that interest rates were left unchanged amid demands for moderation to spur growth. The RBI's next credit policy review is scheduled on August 5.........

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