interest rates in India

Finally after 2 years of continuous upward revisions RBI, in its annual monetary policy for 2012-13, slashed the policy interest rates by 50 basis points surprising analysts and markets. They were expecting a rate cut of 25 bps, but RBI…

Before answering the question as to where are interest rates headed, let us first try and understand what determines interest rates and how it affects us. Well as we know that interest rates are determined by RBI, with help of tools like…