Thursday, March 15, 2012

RBI Credit Policy(Not a child's Play)

After cutting CRR (the portion of total deposits that banks have to mandatorily keep with the regulator) last week  from 5.5% to 4.75%. with this, the central bank had infused Rs 48,000 crore into the economy, market was expecting to cut REPO  which is the rate at which banks borrow money from RBI  and or Reverse REPO but considering international oil pricing, the rates are kept unchanged. Repo Rate remains unchanged at 8.5%.
Now investors and traders expecting market booster from Union Budget which will be presented by Hon.Fin.Min. Pranav Mukherjee on tomorrow 11 a.m. onward.

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