Tuesday, September 29, 2015

RBI cuts repo rate by 50 bps

The market recovered sharply with the Nifty hitting 7800-mark after the Reserve Bank of India surprisingly cut repo rate by 50 basis points.
  • CRR unchanged at 4 per cent
  • RBI cuts repo rate by 50 bps to 6.75%
  • It has lowered its FY16 GDP growth target to 7.4 percent from 7.6 percent.

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1 comment:

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