RBI cuts the repo rate by 25 basis points to 7.25 per cent. The move was widely anticipated.
Tuesday's repo rate cut is the third reduction in interest rates this year.
Meanwhile, the cash reserve ratio, which is the amount of money banks have to keep with the RBI, was left unchanged at 4 per cent. The statuary liquidity ratio, another key reserve requirement, was left unchanged at 21.5 per cent.
Tuesday's repo rate cut is the third reduction in interest rates this year.
Meanwhile, the cash reserve ratio, which is the amount of money banks have to keep with the RBI, was left unchanged at 4 per cent. The statuary liquidity ratio, another key reserve requirement, was left unchanged at 21.5 per cent.
No comments:
Post a Comment