BusinessLogrBusinessLogr
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Reading: Low inflation, fiscal rectitude must for lower cost of capital, says RBI
Share
Aa
BusinessLogrBusinessLogr
Aa
  • Home
  • Stocks
  • Finance
  • Business
  • Company
  • Economy
  • Industry
  • Investing
  • Car News
  • Contact Us!
Follow US
© 2023 BusinessLogr News Network.
BusinessLogr > Economy > Low inflation, fiscal rectitude must for lower cost of capital, says RBI
Economy

Low inflation, fiscal rectitude must for lower cost of capital, says RBI

deep
Last updated: 2015/10/28 at 6:21 AM
deep Published October 28, 2015
Share
1 Min Read
SHARE
Low inflation, fiscal rectitude must for lower cost of capital, says RBI

India requires sustained low inflation and a credible programme for fiscal rectitude to lower the cost of capital, Urjit Patel, a deputy governor of the Reserve Bank of India (RBI), said on Thursday, striking a hawkish note after government calls for interest rate cuts to boost the economy.

The central banker also said in a speech to a business conference that he expected current account deficit (CAD) to be 1.5 per cent of gross domestic product (GDP) in the 2015/16 fiscal year.

“New banking licences issued by the RBI were also aimed at lowering the cost of capital”, Patel said. His remarks addressed concerns that commercial banks have failed to pass on recent cuts in the RBI’s main policy rate to their borrowers.

“source-businesstoday”]

You Might Also Like

body shop with loaner car

WHO says monkeypox has been spreading undetected as global cases rise to more than 550

FedEx Acquires TNT specific, method better delivery in Europe

Endurance International Completes Constant Contact Acquisition

BigCommerce, Xero Partnership adds Cloud Accounting to online Stores

TAGGED: fiscal rectitude must, Low inflation, must for lower cost of capital, says RBI
deep October 28, 2015
Share this Article
Facebook Twitter Email Print
Share
Previous Article Govt aims for 8-10% ‘non-inflationary’ GDP growth, says Jayant Sinha
Next Article RBI very well prepared to deal with US Fed rate action, says Jayant Sinha

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • find a loan shark on craigslist

Most Viewed Posts

  • 20 Fitness Franchises: Planet Fitness and Beyond
  • Choosing the Right Legal Structure For Your Business
  • bmo harris express loan payment
  • payday loans that work with chime bank
  • find a loan shark on craigslist

Recent Posts

  • Understanding Construction Loan Down Payments: How to Finance Your Dream Home
  • Streamline Your Auto Loan Payments with Amarillo National Bank: Simplify and Manage Your Finances Effortlessly

© 2023 BusinessLogr News Network.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?