In the last policy review by the outgoing RBI Governer Mr. Raghuram Rajan, the RBI has maintained the same repo rate (the rate at which commercial banks borrows from the central bank) and Cash Reserve Ratio (CRR) as last time at 6.5 % and 4 % respectively. Source: RBI Press Release dated 9 August 2016 [text-blocks id=”file-your-return”]
One response to “Repo Rate and CRR kept intact by RBI!”
So What Implications you oversee in the upcoming scenario of economy and do you think that there will be Any impact on the above figures considering the impact of GST ?