Thursday 15 March 2012

RBI keeps rates Unchanged

Today RBI the apex bank regulator kept rates unchanged.After a reduction in CRR rate by .75 basis points few days ago bankers were expecting the same .He even said that growth has re bounced but keeping inflation in view reduction was not required.Inflation rose to 6.95 percent in February which is still not at the comfort level of 5-6 percent.

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