Q
Chairman of the Prime Minister's Economic Advisory Council and former RBI Governor C Rangarajan said that as the primary injection of Rs 32,000 crore liquidity (through CRR cut to 5.5 per cent from 6 per cent) would have a multiplier effect, the interest rates would soften. CRR is the percentage of bank deposit that lenders have to keep with the RBI. The new rate would be effective from January 28.
UQ
The interest rates have peaked out and from here now we may see softening of interest rate which is one of the main reason as why stock market closed in green with very good gain as under:
Sensex closed at 16,961.47 with a gain of 209.74 points which works out to be 1.25% in term of percentage.
Sensex closed at 16,961.47 with a gain of 209.74 points which works out to be 1.25% in term of percentage.
The candidates who have cleared written CWE Test conducted by IBPS in September,2011 must keep their knowledge update with the latest changes happening in the bank which shall help them at the time of interview.
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