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Monetry Policy Review: Reduction in Rates: Money gets cheaper
Written on:April 24, 2012
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The RBI changed Interest rates after the Monetary Policy review meet held on 17th April 2012; Under-mentioned are updated rates. Bank Rate – 9%, Repo Rate – 8%, Reverse Repo rate – 7%, Cash Reserve Ratio – 4.75%, Statutory Liquidity Ratio – 24%, Base Rate – 10% to 10.75%, Deposit Rates – 8.5% to 9.25%
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