Home » Latest Headlines » RBI cuts repo rate by 25 bps, warns on inflation

RBI cuts repo rate by 25 bps, warns on inflation

Share with your friends










Submit
Views
589

The Reserve Bank of India (RBI) on Friday cut its key lending rate by a quarter of a percentage point to 7.25%, in line with expectations, while sounding a warning about inflation, the need for more policy changes by the government and reining in the current account deficit (CAD).

The central bank kept the cash reserve ratio (CRR), the portion of deposits banks need to park with the apex bank, unchanged at 4%…read more

Leave a Reply

Your email address will not be published. Required fields are marked *

*