Repo News
RBI surprises with 50 bps rate cut
The Reserve Bank of India (RBI) cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts.The RBI cut its policy repo rate to 8.00 percent, compared with expectations for a 25 basis point cut in a Reuters poll. It also warned that India's current account
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