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RBI surprises with repo rate cut by 25 basic points

RBI surprises with repo rate cut by 25 basic points

Jan 15, 2015, at 04:48 pm

Mumbai, Jan 15 (IBNS): With inflation showing signs of easing, the Reserve Bank of India (RBI) on Thursday reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect.

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RBI surprises with repo rate cut by 25 basic points Thu, Jan 15 2015