Tag Archives: repo

RBI Governor Raghuram Rajan has kept policy rate on hold at 6.75 percent on Tuesday in a move to wait for the government’s annual budget statement later this month and decide whether to cut interest rates further or not. Otherwise, the central bank cut the repo rate by 125 basis points in 2015, in phases. Here is the full text ...

The move by RBI to cut the repo rate by 50 basis points has gripped the market and responding to it Andhra Bank has reduced its base rate by 0.25 per cent effective today, while the largest lender SBI has made it effective from October 5. The Reserve Bank of India earlier slashed the benchmark repurchase (repo) rate from 7.25 ...