Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 No more tax filing hassles with digital Form 16 Know how it works
 ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?
 Full List Of Trump's Reciprocal Tariffs Announced Wednesday
 Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025
 5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025
 March 15 is deadline for last advance tax installment: Know if you must pay
  5 small savings options that save tax under Section 80C
 ITR filing 2025: How often can Indian taxpayers switch between new and old income tax regimes?
 Tax planning for 2025: How to maximise your savings before March 31 deadline
 New income tax bill reaches Parliament: Finance Minister Nirmala Sitharaman tables I-T Bill 2025 in Lok Sabha
 5 major changes in the last 6 months every taxpayer should know!

RBI hikes repo rate by 25 bps, reverse repo rate by 50 bps
September, 16th 2010

The Reserve Bank of India (RBI) on Thursday raised its key short-term lending rate by 25 basis points and borrowing rate by 50 basis points to check rising prices.

"Inflation remains the dominant concern in macroeconomic management", RBI said while raising the repo (lending) and reverse repo (borrowing) rates to 6 per cent and 5 per cent, respectively.

The new rates, which comes into effect immediately, were announced as part of the first scheduled mid-quarterly review of the monetary policy.

The hike in rates will lead to a rise in cost of funds for the banks and eventually makes loans expensive, which will reduce consumption.

While inflation for August was 8.5 per cent (as per the new series with 2004-05 as Base Year), food inflation was at a high of 15.10 per cent for the week ended September 4.

To check inflation, the RBI had raised these key rates by an identical margin in July.

Economists had expected quarter point hikes in both rates. This is the fifth rate hike this year.

Asia's third-biggest economy grew by 8.8 percent in the June quarter from a year earlier, its fastest pace in nearly three years while industrial output rose 13.8 percent annually in July, the fastest since April.

RBI for the first time moved towards a six-weekly review of the state of the economy. The first of such reviews was released today.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting