May 18, 2004
RBI holds key rate at 31-year low
RBI didn't change the rate at which it lends to commercial banks holding it to its lowest rate in 31 years (International Herald Tribune).
The low rates have helped capital investments but it is unclear how long the RBI can hold it at this level.
Posted by Harshal at May 18, 2004 10:13 AMComments
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