RBI governor Raghuram Rajan cuts repo rate by 50 bps

2017-04-30 24

RBI today cuts repo rates by 50 bps to 6.75%. The Reserve Bank of India was expected cut its key repo rate to a four-year low on Tuesday to help support the domestic economy at a time when consumer inflation is at a record low, but may express caution about easing further as price risks still loom.