It has been a long wait for stake holders to see the interest rate goes down . RBI again dissapointed all by keeping the Repo rate unchanged at 8% . This time the CRR has also been not touched and left at 4.25% . RBI has indicated that it will reduce rate after the Inflation cool little more . Inflation rate has been coming down in India ( latest WPI 7.24% ) but RBI still feel it is high and any reduction in interest will flare it up .
Lets wait till RBI next review in Jan 13
Lets wait till RBI next review in Jan 13
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