RBI cuts Repo Rate by 25 BPS to 7.5%; keeps CRR Unchanged

On Wednesday, Reserve Bank of India governor Raghuram Rajan brought down its key policy rate by 25 basis points citing that the fiscal consolidation was better than what numbers show and that the combined fiscal deficit is much lower due to the government transferring more funds to the states. on Wednesday Raghuram Rajan said in a statement, The true quantum of fiscal consolidation may be highe ... Read More