Shobhit Agarwal, Managing Director – Capital Markets, Jones Lang LaSalle India on RBI Monetary Measures (third quarter review)
The Reserve Bank of India (RBI) announced certain monetary measures in its third quarter review today (29th Jan 2013). Some of the key policy measures are – · 25 bps reduction in repo rate from 8% to 7.75% (consequent adjustment to reverse repo rate to 6.75%) · Reduction of bank rate to 8.75% · Reduction …