www.itaxindia.in
Connect
  • Home
    • About Us
  • Important Websites
  • Tax Slabs
    • A.Y. 2010-11
    • A.Y. 2011-12
    • A.Y. 2012-13
  • Forms
    • General Forms
    • TDS Related Forms
  • Tax Calculator
  • Blogs
    • itaxindia Blog
    • Students Blog
    • Discussion Forums
  • Services
    • Our Services
    • Stocks, Currency Convertor & More...
  • Q&A
    • General
  • Contact Us

RBI REPO RATE @ 8%

28/1/2014

0 Comments

 
Raghuram Rajan yesterday increased the repo rate to 8%. This was done in view of the CPI(Consumer Price Index) being @9.87%.
Also the reverse repo rate has been brought to 7%.
This means that the Home Loan rates are bound to increase.
For those who are not aware of the words, repo rate is the rate at which the RBI lends money to the banks. Reverse repo rate is the rate at which bank deposit amount with RBI.
This brought the market to slide suddenly.
0 Comments



Leave a Reply.

    Author

    My name is Kaushik Joshi. I come from a town called Kolhapur in India. I am a CA Final Student dreaming Big...




    RSS Feed

    Categories

    All
    Service Tax
    Tax
    Welcome


    Follow this blog
    View my profile on LinkedIn
Powered by Create your own unique website with customizable templates.