RBI cuts repo rate by 25 basis points!

The newly appointed RBI Governer Urjit Patel has reduced the  repo rate by 25 bps to 6.25 per cent in the fourth bimonthly policy review announced on Tuesday.

Source: http://www.thehindu.com/business/Economy/rbi-cuts-repo-rate-by-25-bps/article9183912.ece

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