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Interest Rates

Reserve Bank of India (RBI) Governor Raghuram Rajan addresses a press conference on the first monetary policy announcement of the current fiscal year in Mumbai.

AP Photo/Rafiq Maqbool

A policeman stands guard with a sniffer dog at the entrance of the Reserve Bank of India (RBI) headquarters in Mumbai. The RBI on Tuesday cut its key interest rate by a quarter of a percentage point and hinted at other measures to boost liquidity and spur economic growth.

AP Photo/Rafiq Maqbool

Reserve Bank of India governor Raghuram Rajan smiles during a press conference in Mumbai. Home and corporate loans to cost less as the Reserve Bank lowered the key interest rate by 0.50 per cent - the biggest cut in over three years - to bolster the economy.

AP Photo/Rajanish Kakade

The Reserve Bank of India cut its key interest rate by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia's third-biggest economy.

AP Photo/Rajanish Kakade

Reserve Bank of India Governor Raghuram Rajan smiles during a news conference at the RBI headquarters in Mumbai. The Central Bank surprised many by keeping its key interest rate unchanged despite the worrying rise in inflation.

AP Photo/ Rafiq Maqbool

Reserve Bank of India (RBI) Governor Raghuram Rajan addresses a press conference at the RBI headquarters in Mumbai. EMIs on auto, home and other loans are set to go up after RBI Governor Raghuram Rajan unexpectedly raised the policy rate by 0.25 per cent after a gap of almost two years to keep inflation under check, sending the stock markets into a tizzy.

AP Photo/ Rajanish Kakade

RBI Governor D Subbarao during the unveiling of quarterly review of RBI's monetary policy in Mumbai. Weighed down by a weak rupee, the Reserve Bank chose to keep all key interest rates unchanged and asked the government to take urgent steps to reign in the high current account deficit.

PTI Photo/ Mitesh Bhuvad

RBI Governor D Subbarao announcing the RBI's monetary policy for 2013-14, in Mumbai.

PTI Photo/ Santosh Hirlekar

RBI Governor D Subbarao adressing the media after the RBI's Monetary Policy review meeting in Mumbai. Shedding its 9-month long hawkish monetary policy stance, the Reserve Bank slashed its key interest rates by 0.25 per cent and released Rs 18,000 crore additional liquidity into the system to perk up growth through reduced cost of borrowing.

PTI Photo

RBI Governor D. Subbarao smiles during a monetary policy review meeting in Mumbai. For the second consecutive time, Reserve Bank Governor D Subbarao today left the key interest rate unchanged to fight inflation, and lowered the growth projection for the current fiscal to 6.5 per cent.

AP Photo/ Rajanish Kakade

A man watches a screen on the facade of the Bombay Stock Exchange building in Mumbai. RBI left its key interest rate unchanged due to inflation concerns, thwarting hopes of a rate cut to kick start flagging growth in Asia's third-largest economy.

AP Photo/ Rafiq Maqbool

Laborers are silhouetted after sunset at a construction site of a new apartment building on the outskirts of New Delhi. In a surprise decision, the Reserve Bank cut the benchmark interest rate for first time in three years by 0.5 per cent to provide relief to borrowers and revive the sagging economic growth. Banks, led by the State Bank of India, immediately announced they would substantially cut the lending rates that would benefit auto, home and personal loan borrowers.

AP Photo/ Kevin Frayer, File

The RBI building is seen in Mumbai. RBI injected Rs 32,000 crore into the system by lowering the Cash Reserve Ratio by half-a-percentage point but kept the short-term lending rate unchanged in view of persisting inflationary concerns.

AP Photo/ Rajanish Kakade

Sandeep Adhwaryu

A security guard stands outside the RBI head office in Mumbai. Personal and corporate loans will become more expensive, with the RBI raising key interest rates sharply for the third time in the last three months, by 0.50%, to arrest price rise.

AP Photo/ Rajanish Kakade

RBI Governor D. Subbarao smiles during a meeting with bankers at the RBI head office in Mumbai. Personal and corporate loans will become more expensive, with the RBI raising key interest rates sharply for the third time in the last three months, by 0.50%, to arrest price rise.

AP Photo/ Rajanish Kakade

The RBI Governor D. Subbarao speaks during a press conference in Mumbai. India's central bank raised key interest rates by a quarter point each, as expected, to contain persistently high inflation amid strong economic growth. It is the bank's sixth hike since March, 2010.

AP Photo/Rajanish Kakade

A policeman stands guard at the headquarters of RBI in Mumbai. The RBI hiked key interest rates more than expected to combat rising prices and raised its growth and inflation forecasts for the year.

AP Photo/Rafiq Maqbool

RBI Governor D. Subbarao smiles before a meeting with bankers at the RBI headquarters in Mumbai. The Reserve Bank today raised its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively to bring inflation to six per cent by March 2011 from double digits now, but the move would put pressure on banks' interest rates.

AP Photo/Rafiq Maqbool