RBI cuts repo, CRR by 0.25 per cent

RBI cuts repo, CRR by 0.25 per cent

Tuesday, January 29, 2013 As expected Reserve Bank of India on it's monetary policy review on Tuesday, January 29, 2013 cut the repo rate (lending rate to banks) and cash reserve ratio by 25 bps (0.25 per cent) for the first time in nine months.The Repo rate thus now lowered to 7.75 per cent and CRR stands at.............
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