RBI’s sixth bi-monthly monetary policy review
RBI’s Raghuram Rajan kept both repo rate and CRR unchanged. Putting the ball in FM Arun Jaitley’s court, Rajan said that further rate cuts will be contingent on reform measures announced in Budget 2016.The Reserve Bank of India (RBI) has kept the key policy rates unchanged in its bi-monthly Monetary Policy Review today, which is along the expected lines.
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