BiziNation # 26: What is the RBI up to

Cut back to your school days when on the sports day, the entire class would split into two halves to play the tug of war. It was a fun PT period for us at school. But not so much for the RBI which is trying hard to pull with all its might against both inflation and deflation. Recently, RBI cut the repo rates and the reverse repo rates to boost the economy. Ritika gives us a run down of what these jargons mean. The Federal Reserve has shown its benevolence to AIG again with its third bail out package. Citibank announcing a quarterly profit was some good news at BiziNation after a long time.