RBI RATE REDUCTION AHEAD OF FESTIVE SEASON BRINGS CHEER IN THE SECTOR
In a much anticipated move by RBI considering the inflation entering comfort zone, the repo rate has been slashed by 50 basis points. The new repo rate now stands at 6.75 percent from the previous 7.25 percent. Reverse repo rate is unchanged at 6.25 percent and so are the, Cash Reserve Ratio (CRR) at …