Interest rates may not rise sharply: Rangarajan
The government"s high borrowings may not push up interest rates sharply towards the end of this year and are likely to hover around the current levels, Prime Minister"s Economic Advisory Council chairman C Rangarajan said. - Capital a/c convertibility after weighing pros and cons: RBI - Discipline deficit to deliver - PM advisory panel raises doubts over S&P"s move - RBI has headroom to further cut interest rates: Rangarajan - Bank credit up after a month - Suman Bery: Mood Music">Suman Bery: Mood Music "...There may not be any sharp increase of the interest rates. I think the interest rate will more or less remain at this level," Rangarajan told news channel CNBC TV18. The private demand is still not picking up and the funds under market stabilisation scheme are also maturing "that would also provide additional liquidity into the system," he said. The government has proposed to borrow Rs 4 lakh crore from the market during the current fiscal. He further said that the Indian economy is likely to grow between 6 per cent and 6.5 per cent in the current fiscal even after taking into consideration the impact of international financial crisis as well as drought. "Taking into account the impact of international financial crisis as well as drought I still think the Indian economy will grow between 6 per cent and 6.5 per cent," he said. He expects the Indian economy to do much better in the second half of the current fiscal compared to last fiscal. The country managed a reasonable economic growth of 6.1 per cent in the first quarter of the current fiscal despite the global financial crisis.Payday Cash loan from Cashtilpay.co.uk commented:
Its gud if the government thinks and said that the interest rates are not gonna high because the problem is that they never keep their promises and if the rates get high then the whole burden will be on the common man and not on them
29.07.2011
12 Month Loans commented:
If the government has really planned out about their high borrowings then surely there would be no such crisis regarding interest rates. And if it not goes accordingly then they should not be imposing taxes on people for their decision.
01.08.2011
Payday UK commented:
It’s really appreciable if the economy of the country is growing regarding the global financial crisis, and could be a great thought of taking risk of borrowing money in providing additional liquidity into the system.
12.08.2011
http://www.kwikpayday.co.uk/articles.html commented:
It will be gud if the interest rates wont rise as there can be issues with this and this will be a gud news for the customers
31.08.2011
same day payday loan commented:
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value.
22.09.2011
same day payday loan commented:
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value.
22.09.2011
Trade Forex commented:
The interest rate would be more or less remains at the same level that could provide additional liquidity in the system.
15.12.2011
short term loans for bad credit commented:
That is good news that interest rate in not increasing despite so much financial pressure.
25.01.2012
htc sensation xl deals commented:
Interest rates sharply towards the end of this year and are likely to hover around the current levels...
Thank you for the news.
28.01.2012