Nagpur Biz Community hails RBI’s repo rate cut; calls it a ‘pleasant surprise’

Nagpur: Reserve Bank of India (RBI) Governor Raghuram Rajan surprised market analysts on Tuesday by reducing repo rate by 50 basis points to 6.75 per cent from 7.25 per cent earlier. The RBI had kept its benchmark lending rate viz. the repo...

by Nagpur Today | Published 9 years ago
By Nagpur Today On Tuesday, September 29th, 2015

Nagpur Biz Community hails RBI’s repo rate cut; calls it a ‘pleasant surprise’

Nagpur: Reserve Bank of India (RBI) Governor Raghuram Rajan surprised market analysts on Tuesday by reducing repo rate by 50 basis points to 6.75 per cent from 7.25 per cent earlier. The RBI had kept its benchmark lending rate viz. the repo...