RBI cuts rate by 25 bps ahead of schedule once again
March 04, 2015  09:16
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In a surprise move, Reserve Bank of India on Wednesday slashed repo rate by 25 bps to 7.5 per cent from 7.75 per cent earlier.

Consequently, the reverse repo rate under the LAF stands adjusted to 6.5 per cent. The central bank kept the cash reserve ratio of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities.
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