Regular interest fluctuation recorded in 2010.

By bne IntelliNews December 30, 2010
India's central bank's tight monetary policy brought about regular fluctuation in the lending and deposit rates by banks during the year. As reported by The Economic Times, a similar trend is likely to continue next year due to continuing inflation. The loan seekers are expected to pay higher EMIs, depositors can hope for better returns on their savings in the coming year. The interest rates on home, auto and corporate loans have increased by about 2% during the year. The central bank increased its key short-term lending and borrowing rates known as repo and reverse repo rates for the sixth time during the year to tame inflation.

Regular interest fluctuation recorded in 2010.

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