December 6, 2024 1:45 PM December 6, 2024 1:45 PM
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RBI cuts Cash Reserve Ratio by 50 basis points to 4%; keeps repo rate unchanged
The Reserve Bank of India today decided by a majority of 4:2, to keep the policy repo rate unchanged at 6.50 per cent for the eleventh time in a row. Consequently, the standing deposit facility (SDF) rate remains at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.7...