NATIONAL No CRR cut, RBI to hike short-term rate by 5.75 pc Price control and adequate liquidity for investments will get top priority in the slack season credit policy to be unveiled by Reserve Bank on Tuesday.
With these objectives, the policy will strive to keep the interest rates moderate in the medium term by not touching the Cash Reserve Ratio now at five per cent but may tinker with short term rates, hiking the reverse repo rate by 0.25 per cent to 5.75 per cent.
INTERNATIONAL FICCI for diversifying India-China bilateral trade A high-level FICCI CEOs' delegation is here to open up a track II diplomacy to help diversify India's export basket to China and identify niche areas,crucial for the sustainable long-term growth of bilateral trade which touched a record US$ 18.7 billion last year.
