All about money that one needs
Economic Times in an article today reported that the based on the lower the expected Inflation numbers (0.44% ) the Reserve Bank of India must further cut its Repo, Reverse Repo and may be CRR rates to provide necessary stimulus to the economy. We all remember that RBI already has cut its rates to record [...]
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India is projected to witness a growth between 7-7.5% during the current financial year, after remaining in high growth path constantly for the last four years, said Ashok Chawla, secretary, department of economic affairs. Whereas, the pace of growth next year is dependent upon how long the global recession lasts and how quickly capital flows [...]
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So you quickly repaid a big part of your home loan because the interest rates went up did you? Welcome to the world of fluctuating interest rates! Interest rates play an important role in your personal finances. The RBI tries to raise or lower key interest rates that trickle down and affects everything – from [...]
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India`s central bank, the Reserve Bank of India (RBI) stepped in again to inject more liquidity into the system and slashed the key rates today in line with market expectations. The reverse repo rate and repo rate have been slashed by 100 basis points each. With this the repo rate will come down to 6.50% [...]
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Inflation fall marginally at 8.90 compared to 8.98 last week. Inflation slipped to single digit after 21 weeks at the beginning of this month. Analysts said a decline in global commodity prices, robust domestic agricultural output and a fall in demand in a slowing economy helped bring the rate to single-digits well ahead of earlier [...]
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The Reserve Bank of India is monitoring the economic situation and will take action at the right time, its governor, Duvvuri Subbarao, said on Tuesday. Subbarao, who met Finance Minister P Chidambaram and senior finance ministry officials, told reporters: “We are constantly monitoring the situation. We will take appropriate action at the appropriate time.” He [...]
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The government will take steps to stimulate the economy to offset the impact of the global economic slowdown, the finance minister said, adding he expected to end the fiscal year with decent growth. India has already cut interest rates and taken a series of measures to boost liquidity in its banking system after the credit [...]
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JPMorgan has cut its forecast for India’s economic growth in 2008/09 and 2009/10, it said in a note on Monday, adding that it expects agressive rate cuts by the Reserve Bank to support the growth momentum. The Indian economy may grow 6.7 per cent in the year ending March 2009, JPMorgan said, down from its earlier [...]
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India’s GDP growth rate is at 9% in the last financial year. See how things are changing drastically. RBI:- GDP growth rate for FY09 to 7.5-8%. Prime Minister’s Economic Advisory Council: GDP growth rate for FY09 to 7% from 7.7%. Morgan Stanley: GDP growth rate for FY09 to 7% from 7.5% and for FY10 to [...]
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