Tuesday, June 2, 2015

RBI cuts repo rate by 25 bps; no change in CRR, SLR

With retail inflation easing to a four-month low of 4.87 percent accompanied by a slowdown in industrial output to 2.1 percent, most economists and bankers were betting on a 25 bps rate cut. However, forecast of delayed monsoon remain a big overhang on the economy.


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