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The Reserve Bank of India lowers its repo rate by 50 bps to 8%, confounding expectations for a...

The Reserve Bank of India lowers its repo rate by 50 bps to 8%, confounding expectations for a 25 bps cut and marking the first cut in three years. An uncertain inflation outlook leaves little room for further cuts. (RBI statements: rate cut, economic outlook)
Comments (1)
  • You know things are bad when they cut rates when inflation isn't controlled..
    17 Apr 2012, 03:14 AM Reply Like
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