A report from Standard Chartered Bank informs that after the scheduled meeting of Reserve Bank of India on financial policy on 5th April, there are bright chances that REPO interest ratio will be reduced.
Standard Chartered is one of the premier financial institutions in the international arena. In its report, it mentions that the target of reducing the budget deficit accorded in the latest budget (2016-17) has instilled extra confidence on the central government financial policy. Also, this approach has stabilized the macro-economic stability.
In the prevailing fluctuating trend in the international economy, the report mentions that this development would be a great advantage to India.
The report mentions that after the scheduled meeting of Reserve Bank of India on review of financial policy on 5th April, RBI may come out with a reduction in REPO interest ratio. However, there is no prospect for this to be announced in the meetings scheduled earlier.
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