Archive for September, 2010
Monetary Policy – Tools Used by Central Banks
Recently on 16th September 2010 in its mid Quarter Review, the RBI, in order to control inflation, hiked the Repo Rate by 0.25% to 6.0% and the Reverse Repo Rate by 0.50% to 5%. So what are these monetary policy tools that the RBI uses to manage inflation and how do these affect interest rates [...]
The Speed of Money!
The speed of money! Money flows at a very slow speed to you. It travels very fast away from you. Your blood flows very slowly to your heart. It travels fast away from your heart. That is why we must have money management skills. A penny saved is a penny earned. Invest some of what [...]