INTEREST RATE HIKE

AMONG OTHER FISCAL MEASURES TO CONTAIN THE EVER INCREASING AND UNCONTROLLED INFLATION, THE GOVERNMENT AND THE RBI PROPOSE TO INCREASE THE INTEREST RATES, HOPING THAT THIS MOVE WILL HALT THE GALLOPING TREND, SO FAR, ALL THE ECONOMICAL MEASURES FAILED TO CONTAIN THE PACE OF INFLATION. HOME LOAN INTEREST MIGHT REACH UP TO 12% BY DECEMBER, … Continue reading INTEREST RATE HIKE

Interest rate hike on cards again-RBI

The Reserve Bank today said the option of going for another round of rate hike at its next mid-quarterly policy review in September do exist as inflationary pressure continues in the economy. The present inflation rating is between 9% and 11% and It is further said the short-term target is to bring down headline inflation … Continue reading Interest rate hike on cards again-RBI