The Reserve Bank of India (RBI) which is the Central Bank of the largest democratic country in the world India has kept the bank rate unchanged for the coming season. It has planned for a 25 basis points increase in the cash reserve ratio of the banks from 8% to 8.25% with a view to reduce the excess liquidity in the banking system. The fund flow into India from US and other countries is likely to continue due to the high interest rates prevailing in India.

With millions of cars rolling out every year , even if you take a realistic five years effective life for a car to remain good, there will be atleast few million Used cars available for sale. There will be private parties who are willing to sell the car directly , and there will also be specialist dealers who deal in Used cars. it is not an easy task for a prospective buyer to identify a good value-for-money Used car. www.buyyourcar.co.uk specialises in this task of bringing most of the used cars dealers and also private sellers into its fold and thereby helps the buyer to find the Used car of his choice and brand available at his budget amount. What is more interesting and helpful is the way the website is trying to help the buyer to get the best deals in terms of a) what are the things to be checked out in the car before accepting the deal in a simple checklist type, b) what are the issues to check for while test driving the car. This provides excellent confidence and control for the buyer and will finally help him in buying the car of his choice with satisfaction. They also deal in new cars and also contract hire cars. pls checkout their website for further interesting details. You can also use their services for selling your car for best rates.

US Federal Reserve cut the Bank Rate again by 25 basis points with a 80% panel vote and now the rate is at only 2%. Many analysts and experts feel that further cuts may not be happening in the near future and by the end of 2008 , if the economic situation improves, the FED may surprisingly go for increase in the rates.

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