New repo rate has been decided by RBI to 7.5 per cent

RBI_19_7_2013
New repo rate has been decided by RBI to 7.5 per cent

New repo rate has been decided by RBI to 7.5 per cent

New repo rate has been decided by RBI. Reserve Bank of India (RBI) has changed  its policy repo rate by 25 basis points to 7.5 per cent on March 4, 2015. This is the second cut of it’s key policy rate this year on the back of easing inflation and a government commitment to fiscal discipline. RBI kept other rates unchanged.

The RBI had lowered interest rates by 25 bps on Jan 15. Both rate cuts this year have took place outside of the central bank’s scheduled policy review meetings.

The RBI had lowered interest rates by 25 bps on Jan 15. Both rate cuts this year have took place outside of the central bank’s scheduled policy review meetings.

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