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Economy

Bank Credit Growth at 13.75%, RBI Credit Policy Today

RBI announced the Credit Figure for 16 Jan, which was at 30.08 trillion rupees (lakh cr.) which is a growth of 13.75% from last year. Monthly averages here:

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Given that we’re starting to scale up organized credit, some monetary tightening is expected. Either a Capital Reserve Ratio (CRR) Hike or a Repo Rate hike is on the cards, and reflects in the sentiment of the market. However, if both don’t happen, expect a short term rally.