1. #1
    Unregistered

    Give me the detailed information RBI Interest rates for my General Knowledge?

    Hi
    Give me the detailed information RBI Interest rates for my General Knowledge?





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  3. #2
    rob709
    Join Date
    Apr 2012
    Posts
    43

    Re: Give me the detailed information RBI Interest rates for my General Knowledge?

    First of all i would start with telling you that RBI is the apex bank of India. One of the important interest rate of RBI is the Bank Rate( it is the rate at which the RBI provides credit to commercial banks), Bank Rate is the part of the Monetary policy of the RBI through which it controls the situations of defit demand and excess demand, in case of excess demand the Bank Rate is increased and in the case of deficit demand the Bank Rate is lowered, so that the people of the economy are left with more purchasing power. Currently the Bank Rate is 9.50%.




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