THE RESERVE BANK OF INDIA MIGHT INCREASE THE REPO RATE AND THE LENDING RATES OF THE BANKS WILL ALSO GO UP.
The rate increase is its eleventh since March 2010, making the RBI one of the most aggressive inflation fighters among central banks.
This has taken the market by surprise as most analysts expected the central bank to be more dovish and only announce a 25 basis point repo rate hike given the threat to India’s industry growth due to increased interest rates.
2 responses to “INTEREST RATE HIKE-RBI”
The common man is reeling under inflation, is smiling these days waiting for more hikes for his savings. common mans money is being lent to greedy people to satisfy their demands in the form of loans. They have to pay high interests for it. Liability can never create wealth, it is the savings create actual wealth for a nation. Irresposible people are creating high NPAs for the banks as defaulters.We are waiting for few more increases. long live the prudent saver
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