Deregulation of savings rate step in right way: UTI MF

Moneycontrol.com’s Santosh Nair spoke to Puneet Pal, senior VP at UTI to get a better sense of the implications of the latest rate hike.

October 25, 2011 / 15:36 IST

The Reserve Bank of India (RBI) has hiked the repo rate by 25 basis points to 8.5%, which was on expected lines while reverse repo rate and cash reserve ratio remained unchanged.

Moneycontrol.com's Santosh Nair spoke to Puneet Pal, senior VP at UTI MF to get a better sense of the implications of the latest rate hike.

Click on audio icon to get a sense on where the market is headed.

first published: Oct 25, 2011 03:14 pm

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