Saturday, October 18, 2008

India's steps to beat global crisis

Following are the steps taken by India's government and central bank over the past month to shore up liquidity as the global financial crisis has spilled into the country's financial markets.

Overnight cash rates have eased to 6.90/7.00, well below the central bank's main lending rate of 9 per cent and down from 10.00 per cent on Wednesday and 23 per cent last Friday.

To read more, please, visit - The Economic Times

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1 comment:

  1. Thanks for the good read, I will definitely return for an update!