Lower Retail Inflation And GDP forecasts Maintained By RBI For Investors
Repo rate is the short term money provided to the Commercial Banks, it will develop a relief to the business development in India along with the economic growth, the global growth is slower as mentioned by the RBI in press conference that will reflect consecutively for three time developed in IMF till 2019 along with domestic economic growth.
Happy Time to cherish for the Investors and marketers as the RBI has reduced the repo rate by 25 basis points to six percent as investment may increase that will uplift the high consumption with a lower retail inflation and GDP forecasts.
Source: Business Line
- 4 Apr 2019