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Just In: RBI surprises with a most aggressive rate cut of 50 bps

29 Sep 2015 Evaluate
RBI surprises with a most aggressive Repo rate cut of 50 bps from 7.25 per cent to 6.75 per cent with immediate effect in its fourth Bi-monthly Monetary Policy Statement, 2015-16. It kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent.