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RBI cuts repo rate by 25 bps to 6.5%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In its first monetary policy review for the financial year 2016-17, the Reserve Bank of India (RBI) slashed the benchmark interest rate by 25 bps to 6.5%, against the backdrop of falling retail inflation and Government’s struggle for fiscal discipline. The RBI left the cash reserve ratio unchanged at 4%.
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