Monday, June 17, 2013

EMIs to remain high as RBI keeps policy rates unchanged | ummid.com

EMIs to remain high as RBI keeps policy rates unchanged | ummid.com
In its mid-quarter review of the monetary policy for 2013-14, the central bank kept the repo rate, the rate at which the RBI borrows money from the commercial bank, unchanged at 7.25 percent. The reverse repo rate was adjusted to 6.25 percent.