Reserve Bank to cut repo rate by 50 bps

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Reserve Bank of India
New Delhi, Mar 1: Not worrying about the inflation, Reserve Bank may now cut the key rates to provide boost to the sagging demand because economy is growing at a low pace of over 5 per cent in Oct-Dec period, the lowest in any quarter.

For the week ended Saturday, Feb 14, the inflation declined to 15-months low of 3.36 per cent. Short term lending (repo) rate currently stands at 5.5 per cent while short-term borrowing (reverse repo) rate is 4 per cent.

OneIndia News

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