The Reserve Bank of India (RBI) on Thursday cut the reverse repo rate by 25 basis points to 7.75%. The move comes at a time when inflation is steadily coming down and cries for a rate cut were growing loud.
RBI Slashes Repo Rate
The Reserve Bank of India (RBI) on Thursday cut the reverse repo rate by 25 basis points to 7.75%. The move comes at a time when inflation is steadily coming down and cries for a rate cut were growing loud.