Repo Rate and CRR kept intact by RBI!
August 16, 2016 - Latest News, News
(Last Updated On: August 28, 2019) 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
Abhishek Soni
Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.
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bharadwaj
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 ?