Click it and Unblock the Notifications
Just In
Don't Miss
-
107% Returns: Tata's NBFC Doubles Investors Money, Rs 53,440 Profits On Rs 50K; Key Parameters To Buy/Sell -
KKR vs RR Memes: Fans Take Potshot at KKR for Conceding Match after Scoring 223; Praises Jos Buttler's Knock -
Dr Sarvepalli Radhakrishnan Death Anniversary: Profound And Inspiring Quotes For Students -
Bade Miyan Chote Miyan Vs Maidaan Box Office Collection Day 6: Akshay Kumar BEATS Ajay Devgn. Margin Is... -
UPSC Success Story: An IITian, A Government Job Holder at Railways, Quit the Job and Emerged as an IAS -
Jeep Compass Gets More Powerful 268.3bhp Turbo Petrol Engine – Check Out All The Details Here -
Redmi Pad SE With 90Hz Display Launching on April 23 in India; Could Be Priced for Less Than Rs 20,000 -
From Coconut Breaking on Head to Men Dressing as Women: 12 Unique Indian Rituals Explored
RBI not changing interest rates prudent: IOB chairman
"The RBI's action to pause on policy rates is a welcome and prudent move at the present juncture," Narendra said in a statement.
RBI has wisely maintained status quo till more convincing data can emerge
"Money market conditions are likely to continue at the present level for the time being. The bond yields are likely to soften with an eye on future data," he added.
Narendra said the second quarter review in October had raised expectations that the rates may start to head south from the mid-quarter review in December.
"Signs of green shoots in the economy also added to the expectations raising hopes for upward revision of GDP (gross domestic product) forecast."
"However, the moderation anticipated on the prices front did not happen with inflation remaining generalised. In the circumstances, RBI has wisely maintained status quo till more convincing data can emerge."
IANS
