20.3.13

RBI cuts rates



The Reserve Bank of India has reduced the repo rate by 25 basis points (100 bps=1 percentage point) from 7.75% to 7.5% but kept the cash reserve ratio (CRR) unchanged at 4%.
The RBI also flagged concerns about high inflation and rising current account deficit which, it said, left little headroom for further monetary easing.

No comments: