New Year Offer !!
Just P A Y !! ~ PAY Rs7500/- Limited days Offer Hurry !!
Instead of Yearly Rs.11000/-
SMS "Yearly" to "98256 77777" ~ NOW!!!!
Get Paid Now...
Golden Rule to earn in Market...
Rule no 1. NEVER LOSE MONEY ...
Rule no 2. NEVER FORGET RULE NO.1
MAKE THIS YOUR NEW YEAR RESOLUTION!!
Repor Rate cut
To reduce the repo rate under the liquidity adjustment facility (LAF) by 100 basis points from 6.5 per cent to 5.5 per cent with immediate effect.
Reserve Repo Rate
To reduce the reverse repo rate under the LAF by 100 basis points from 5.0 per cent to 4.0 per cent with immediate effect.
Cash Reserve Ratio - CRR Rate
To reduce the cash reserve ratio (CRR) of scheduled banks by 50 basis points from 5.5 per cent to 5.0 per cent from the fortnight beginning January 17, 2009.
The CRR cut is not immdiate but atleast its happening this si the only gfactor that will put some money in banks hand which in turn can be used by banks for various purpose , So this cut will release 20,000 crore.We can expect more rate cuts in lending loansfrom various banks.
Repo Rate CutsDate Cuts
10/10/2008 9%
10/22/2008 8%
11/03/2008 7.5%
12/06/2008 6.5%
02-Jan-2009 5.5%Since Sep, Repo Rate has been reduced by 350 bps.
CRR History
Date Cuts
10/10/2008 9%
10/13/2008 7.5%
10/16/2008 6.5%
11/10/2008 5.5%
12/06/2008 unchanged
02-Jan-2009 5%Since Sep, CRR has been reduced by 400 bps.
Reverse Repo Rate
Date Cuts
12/06/2008 5% (reduced by 100 bps)
02-Jan-2009 4%
2009 started with all good news, let's hope this year goes as good as 2007 or better then that. It was one month before that the government approved that IIFCL can borrow up to 10000 rore in Tax free bonds which will be lend to infrastructure projects that are public and private partnership , As these projects are having high time getting long term loan from banks , Because Banks are also in need of money IIFCL might recapitalise banks through this .So they did not even fully get the 10000 crore now Indian Government has approved for the second stimulus package that India Infrastructure Finance Company Ltd (IIFCL) to raise Rs 30,000 crore for refinancing projects mainly in the highway and port sectors.This will really help in financing big projects in turn will help the industry grow and also bring very good number of Job openings. Let's hope for the best year ahead.
Happy New Year !
New Year Offer !!
Just P A Y !! ~ PAY Rs7500/- Limited days Offer Hurry !!
Instead of Yearly Rs.11000/-
SMS "Yearly" to "98256 77777" ~ NOW!!!!
Get Paid Now...
Golden Rule to earn in Market...
Rule no 1. NEVER LOSE MONEY ...
Rule no 2. NEVER FORGET RULE NO.1
MAKE THIS YOUR NEW YEAR RESOLUTION!!
Continuous fall in inflation may bring some cheer, as it heightens expectations of rate cuts. But one cannot overlook other weak data points like the BoP slipping into a deficit and exports falling for a second month. Auto sales remained sluggish in December. Reports say the Government may announce its second stimulus package on Saturday. There is no official confirmation of the same. The RBI may also join the pump-priming effort, but by how much is the moot point. Even if the anticipated events do materialise, they may provide only a temporary fillip. Anxiety over corporate earnings may takeover after a brief rally.
Most global markets were shut for New Year on Thursday.
