RBI springs surprise with 50 bps rate cut, Rs 2.5 lakh crore...

RBI springs surprise with 50 bps rate cut, Rs 2.5 lakh crore liquidity boost

Posted

129

The Reserve Bank of India surprised markets by cutting its benchmark rate. It also released Rupees 2.5 lakh crore liquidity. This was done by reducing the cash reserve ratio. Governor Sanjay Malhotra said this supports growth. Inflation projections were also revised downward. The monetary policy committee voted 5:1 for the rate cut.

Read Full Article

Vă rugăm să vă autentificați pentru a vă dori, partaja și comenta!

National

4.3-km trekking route constructed in Myagdi

MYAGDI: A new 4.3-kilometer trekking route has been constructed in Myagdi district as part of...

By 0 4

Sports

'Teams win because of combinations, not ...': Sidhu slams Gambhir's tactics

Former cricketer Navjot Singh Sidhu has strongly criticised Gautam Gambhir's team selection...

By 0 4

Entertainment

Kartik says he’ll faint if he experiences anything supernatural

Kartik Aaryan, fresh off horror comedies like 'Bhool Bhulaiyaa 2' and the upcoming 'Bhool...

By 0 12

International

Proposed bill will ease the pathway for a green card — but will it pass?

Senator Alex Padilla is set to introduce a bill offering a green card pathway to immigrants who...

By 0 14

International

Since 2004: How Bahrain’s International Circuit put Middle East on global F1 map with its first race

Bahrain revolutionized Middle Eastern motorsport by hosting its first Formula 1 race in 2004,...

By 0 29