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Tuesday, April 17, 2012

Repo rates cut

The Reserve Bank of India (RBI) today cut the repo rate by 50 bps to 8%. It left the CRR unchanged at 4.75%. Loans are likely to get cheaper. Even though the cut was expected, the cut was expected to be 25bps. The cut of 50 bps has come as a surprise. The Reserve Bank of India has cut the rates for the first time in three years. Since March 2010, the RBI had increased the interest rates thirt....

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