RBI raises policy rates; no hike in interest rates for now

Last updated: 05 July 2010

RBI raises policy rates; no hike in interest rates for now The Reserve Bank has raised key short-term policy rates by 25 basis points, in an unscheduled announcement, to tame doubled-digit inflation, but bankers said this wouldnt lead to any hike in interest rates for now. The increase in rates comes ahead of the 27th July policy review by the apex bank, which feels that money supply in the system has started easing in contrast to the crunch felt just a fortnight ago when corporate
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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