“The RBI has obliged on the Government’s call to the Central Banker to support its growth agenda by cutting Repo rate by 25 basis points. An improvement in trade deficit, drop in core inflation, achievement of 5.2% fiscal deficit and slowing growth prompted RBI to act. Read more
Tag: Repo rate
Repo Rate cuts with CRR slashing move, loans to get cheaper
Set with market expectations, the Reserve Bank of India (RBI) on Tuesday cut off short term repo rate by 0.25 to 7.75 % in its quarterly monetary review, raising hopes that Indian economy is appearing on right track. Read more
India needs fiscal consolidation, Growth, inflation likely to fall: RBI
Just a day ahead when country expected a repo rate cut by the Reserve Bank of India, the bank said monetary easing needed a sustained fiscal consolidation. Read more
