• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Oct. 20 The Finance Minister, Mr P. Chidambaram, on Monday said that the 100 basis point cut in repo rate was another measure in the series of steps announced since October 6 to improve liquidity in the banking system.

“It (repo rate cut) is consistent with our objective of moderating inflation as well as ensuring satisfactory growth. The cut in repo rate will be beneficial to many sections of people, especially borrowers as well as investors,” Mr Chidambaram told reporters soon after the RBI’s announcement.

He also expressed hope that the repo rate cut to 8 per cent would enthuse investors to take forward their investment proposals. Since October 6, the RBI has reduced cash reserve ratio by 250 basis points, leading to infusion of about Rs 1 lakh crore into the banking system.

More Stories on : CRR & Bank Rates | RBI & Other Central Banks | Politics | Financial Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line