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Quarterly Review of Credit Policy 2006-07
The RBI has not changed the bank rate and the cash reserve ratio in the first quarterly review of Credit Policy presented on July 25, 2006. Catch the highlights here.
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In a move that may put pressure on housing and other consumer loans, Reserve Bank of India has hiked its short-term lending and borrowing rates by 0.25 per cent.Check out.
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Read a complete coverage of the quarterly review of Credit Policy 2006-07. Check out.
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Interest rates are on the rise. A further hike in sub-prime lending rates and deposit rates is also likely in the near future, analyses Minna Kumar. Check out.
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RBI Governor Y. Venugopal Reddy presented the First Quarter Review of Annual Statement on Monetary Policy for the Year 2006-07 on Tuesday, July 25, 2006.Read full text of his statement
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Rate hike set to pinch family budgets. Check out.
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Statement by Dr. Y.V. Reddy
Annual Policy Statement for the Year 2006-07 by Dr. Y. Venugopal Reddy, Governor, Reserve Bank of India. Check out.
(Source RBI) (% per annum)
Item/wk ended Jan. 2006 Apr. 2006 Jul. 2006
CRR
5
5
5
Repo Rate
6.5%
6.5%
7%
Reverse Repo
5.5%
5.5%
6%
Bank Rate
6
6
6
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