Diabytes
RBI rate cute News
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In the wake of record low retail inflation, the monetary policy committee (MPC) headed by RBI Governor slashed policy repo rate by 25 basis points to 6 percent and reverse repo by a similar proportion to 5.75 percent.
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The decision to lower the benchmark rate by 25 bps to 6 percent was already factored in, traders said. They added that no change in cash reserve ratio (CRR) left the markets cold too.
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