Rediff Logo
Money
Line
Channels:   Astrology | Contests | E-cards | Money | Movies | Romance | Search | Women
Partner Channels:    Auctions | Health | Home & Decor | Tech Education | Jobs | Matrimonial
Line
Home > Money > Reuters > Report
March 15, 2002 | 1215 IST
Feedback  
  Money Matters

 -  'Investment
 -  Business Headlines
 -  Corporate Headlines
 -  Business Special
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      







 Special Offer

 To your parents'
 health


 Special Offer

 Why & How to
 follow Vastu



 
Reuters
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page Best Printed on  HP Laserjets

RBI chief says 'not in a hurry' to cut bank rate

Reserve Bank of India Governor Bimal Jalan said on Friday the central bank was not in a hurry to cut the leading bank rate but remained in favour of a softer monetary policy.

"We are not in a hurry (to cut the bank rate)," Jalan told reporters when asked when the bank rate would be cut.

"(The softer) bias will be maintained," he said.

Jalan said liquidity conditions in the market were favourable and he saw no problem in government borrowings right now.

Bond traders and analysts have been speculating on a cut in the bank rate, the key signalling rate of the central bank.

Those hopes were reinforced by a reduction in interest rates on state-run public savings schemes announced in the Union Budget on February 28.

ALSO READ:
The Rediff Budget Special
Money

Back to top
(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report

ADVERTISEMENT