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"Lending Rates" tag

China unlocks lending rates

While the Reserve Bank of India (RBI) has stubbornly refused to respond to the Indian industry’s repeated pleas for lowering interest rates, its Chinese counterpart, the People’s Bank of China (PBOC) has begun implementing major...

RBI cut CRR by 75 bps

In a quite surprisingly manner, RBI on friday announced a cut of 75 basis points in cash reserve ratio (CRR). This move will release 48ooo cr of liquidity in banking system. The move is welcomed...