Japan is the third largest economy in the world representing about 6 percent of the total global economy at a nominal GDP of 5.1 trillion US dollars. European countries occupy the three other consecutive spots in the top ten with Germany, France, and the United Kingdom taking up fourth, fifth and sixth position respectively. India, […]
Kategori Arşivleri: Forex Trading
In theory, commercial banks were not allowed to lend money below the BPLR.Practically though, more than two-thirds of loans offered sub-BPLR rates to their borrowers. Due to the loophole,e a new minimum interest rate system was introduced. The RBI sets the guidelines for calculating the base rate and ensures that the banks adhere to it. […]