RBI lowers base rate to 7.81 percent

The Reserve bank of India lowered base rate by 15 basis points or by 0.15 percent to  7.81 per cent. Last year it was 8.76 during the same period. On the last working day of every quarter, RBI advises interest rates to be charged by NBFC-MFIs to their borrowers in the ensuing quarter. It is based on the average of the base rates of the five largest commercial banks.

Leave a Reply

S&P BSE SENSEX  ^BSESN 
₹ 47,883.38  ₹ 1.00  -3.44%  
NIFTY 50  ^NSEI 
₹ 14,310.80  ₹ 524.05  -3.53%  
NIFTY BANK  ^NSEBANK 
₹ 30,792.00  ₹ 1.00  -5.10%  
USD/INR  INR=X 
₹ 75.03  ₹ 0.3100  0.42%  
GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail Just In:- CBDT Issue clarification Knowledge is Power! Latest Post