Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

RBI hikes rates again

RBI hikes rates again

RBI hikes rates again

India's Central Bank sharply hiked key rates by 50 points,  making the repurchase rate and the interest rate on short term borrowing 8 percent from 7.5 percent and reverse repurchase rate or interest paid on short term lending, raised to 7 percent from 6.5 percent

The rate hikes were affected by Reserve Bank of India (RBI) Governor D. Subbarao during the first quarterly review of the apex bank's monetary policy for this fiscal conducted at his headquarters in Mint Road here.

While the rate hike was expected, the quantum of increase shocked the markets, which saw the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) dip to 18,588.64 points, to log a loss of 282.65 points or 1.5 percent over the previous close.

The situation was no different at the National Stock Exchange, where the broader S&P (Standard and Poor's)CNX Nifty was ruling at 5,591.25 points, with a fall of 89.05 points, or 1.57 percent. All sector-specific indices at the two bourses were also down.

On growth, the Reserve Bank governor said amid a slowdown in the factory output growth, the robust export performance should bode well, but the performance of monsoon so far could exert pressures on the yields of coarse grains, pulses, oilseeds and cotton. The rates will only add to the woes of borrowers but then there is no escape.

Related opportunities
  • Cosmetics & Beauty Product Stores
    Started in 2015, NIDO is an Early Childhood Center running..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Sri Ram Balaji Chemicals was incorporated in 1986 under the..
    Locations looking for expansion Tamil nadu
    Establishment year 1987
    Franchising Launch Date 1990
    Investment size
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Salem Tamil nadu
  • About Us: Tinkerbell Child Duniya is successfully operating 4 outlets and..
    Locations looking for expansion Gujarat
    Establishment year 2000
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • E-Commerce & Related
    It’s an online 2 offline marketplace platform for offline retailers..
    Locations looking for expansion Telangana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

ads ads ads ads