RBI Monetary Policy Committee has announced an unconventional deduction of 35 basis points in the third bi-monthly policy review. The inflation rate has persistently been below the RBI limit of 4 percent and hence the deduction in the rate came is in line with the market expectations. RBI had reduced the policy rate by 75 … Continue reading "RBI Repo Rate Cut by 35 bps to 5.40% Still Maintaining Higher Lending Rate"

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