RBI keeps lending rate unchanged at 6.25%

June 07, 2017 14:39

A six-member Monetary Policy Committee of the Reserve Bank of India, headed by Governor Urjit Patel, on Wednesday kept the short-term lending rate, also called the repo rate, unchanged at 6.25 per cent after its second bimonthly review of this financial year. The committee however, cut SLR by 50 basis points to 20 per cent starting June 24.

« Back to LIVE

TOP STORIES

LIVE! PM meets Mahabharata, Ramayana's Arabic translator

Govt tweaks poll rule to curb public inspection of...

Based on the recommendation of the Election Commission (EC), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of "papers" or documents open to public inspection.

'Pushpa 2' stampede: CM lambast 'inhuman' Allu Arjun

Telangana Chief Minister A Revanth Reddy has criticized Telugu actor Allu Arjun for attending the screening of 'Pushpa-2' despite police permission being denied. Reddy alleges that the actor continued to be present at the cinema hall...

TN temple refuses to return iPhone dropped in 'hundi'

As per the practises and tradition at the temples, any offerings made into the hundial directly goes into the account of the deity of that temple. Rules do not permit the administration to return the offerings back to the devotees, Babu...

Amid Ambedkar row, AAP declares scholarship for Dalits

In the run-up to the assembly elections in Delhi, AAP supremo Arvind Kejriwal announced an Ambedkar scholarship for free foreign education of the city's Dalit students. The scholarship is a response to the BJP's "insult" of Ambedkar,...