Current Affairs-RBI Raises Key Rates by 25 Points, Loans to Be Costlier
2011-09-16
All loans are set to become costlier, with the Reserve Bank today hiking the key interest rate for the 12th time since March, 2010, by 25 basis points to rein in high inflation. With today’s decision, the short-term lending (or repo) rate at which banks borrow from the RBI standsContinue Reading