Repo rate cut by 50 basis points to 6.75 per cent- (Reserve Bank of India) (29 Sep 2015)
MANU/RMIC/0360/2015
Banking
The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no changes were made to the 4 per cent Credit Reserve Ratio or 21.5 per cent Statutory Lending Rate. The Bank also revised its growth target for the 2015-2016 Financial Year from 7.6 per cent to 7.4 per cent.
Relevant : Bank Rate adjusted MANU/RMIC/0361/2015
Tags : RBI REPO RATE CUT
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