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Former home secy Ajay Kumar Bhalla appointed Manipur Guv amid ethnic violence resurgence | Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people
RBI likely to cut interest rates today

RBI likely to cut interest rates today

Jun 02, 2015, at 04:29 pm

Mumbai, Jun 2 (IBNS) Speculations are rife on whether the Reserve Bank of India will cut interest rates on Tuesday as RBI Governor Raghuram Rajan is set to announce the second bi-monthly monetary policy statement around 11 am.

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.