RBI keeps bank rate UNCHANGED at 9 pc

December 18, 2012 11:11

Just in: RBI keeps bank rate unchanged at 9 per cent. The repo rate (8 per cent) and the Cash Reserve Ratio (4.25 per cent) remain unchanged. There has been some tightening on the liquidity front due to advance tax outgo. Following this, the banks' borrowing from the RBI has gone up to Rs 1,46,300 crore on Monday, from Rs 64,445 crore on Friday. Experts had said the tight liquidity condition will continue for a while till the government starts spending, and this makes a case for lowering of CRR.

« Back to LIVE

TOP STORIES

US vetoes Palestinian request for full UN membership

The United States vetoed a resolution in the United Nations Security Council on a Palestinian bid to be granted full membership of the UN.

Numbers Don't Add Up For BJP In Tamil Nadu

Indications are that the DMK combine will win more seats than the AIADMK and BJP, but is facing a tough fight in about half a dozen from the rest, predicts N Sathiya Moorthy of the electoral contest in Tamil Nadu.

Let The Election Games Begin!

Polling and police officers travel in a boat with election materials to reach to a remote polling station ahead of the first phase of India's general election in the Majuli district, Assam, April 18, 2024.

MI Vs PBKS: Who Bowled Best? Vote!

Bumrah, Coetzee and Patel all took three wickets each.

Kerala woman cadet onboard ship seized by Iran returns home

At the airport, Joseph was received by the regional passport officer.