RBI cuts repo, CRR by 25 bps each

RBI cuts repo, CRR by 25 bps each The Reserve Bank of India (RBI) slashed its policy (repo) rate by 25 bps to 7.75% in its third quarter monetary policy. At the same time, it cut the cash reserve ratio (CRR) or the portion of deposits banks keep with RBI, by 25 bps to 4.00%.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s