According to Mr. Arun Kaul, Executive Director, Central Bank of India, there was no surprise in the policy announcement made by RBI as RBI's action was factored in by the market. Thus, there would not be any impact on interest rates and status quo would be maintained.
NO IMPACT ON INTEREST RATES; STATUS QUO TO CONTINUE – ARUN KAUL, ED, CENTRAL BANK OF INDIA
Labels: BANKING N FINANCE
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