RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier. Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation
RBI hints at further rate cuts: Decline in inflation and normal monsoon have allowed the Reserve Bank of India (RBI) to the short-term lending rate, or repo rate, by 25 basis points to 6.25% from 6.50% earlier. Perhaps hinting at further rate cuts, the RBI said that the key to future decisions viz food inflation