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RBI hikes CRR to 7.5%; other key rates unchanged |
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RBI has hiked the CRR by 50 bps to to 7.5% from 5%. However, the other key rates including the repo and reverse repo rates have remained unchanged. The RBI's has raised the cash reserve ratio given the persistent rise in capital flows, but... |
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Intl liquidity, oil prices, Chinese infl a concern: Reddy |
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Y V Reddy, Governor, Reserve Bank of India, said growth is on track, FY08 GDP growth is seen at 8.5%. "Investment demand continues while imports of capital goods has... |
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Yardsticks that helped RBI project GDP growth at 8.5% |
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Y V Reddy, Governor, Reserve Bank of India, said growth in agriculture could be better than last year while industry and services could be near the close of last year... |
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Fearing rate hike? Hear out bankers |
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KV Kamath, CEO & MD of ICICI Bank has said that a CRR hike doesn't necessarily mean hike in interest rates. SBI Chariman OP Bhatt said that an interest rates revision is unlikely..... |
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