Tuesday, April 14, 2015

RBI step on 4th March' 2015

RBI cut Repo Rate by 25 basis points from 7.75 per cent to 7.50 per cent.

The repo rate was last cut from 8 per cent to 7.75 per cent on January 15.

RBI Governor said that many important and valuable structural reforms are embedded in the Budget which will help improve supply over the medium term.

The RBI move has enthused corporates, which have been clamouring for a rate cut.

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