Reserve Bank of India interest rate decision


With political uncertainty still hovering over the country, the Reserve Bank of India (RBI) yesterday left the bank rate and repo rate unchanged at 6 per cent and 4.5 per cent, respectively.

RBI governor, Y V Reddy, told bankers that inflation for the fiscal 2004-05 has been pegged at around 5 per cent.

Source: IndoLink


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Posted on May 19, 2004
Region: India