Bold Decision by RBI to Cut Rate by 50 Basis Points

Bold decision by RBI to cut rate by 50 basis points

DM Deshpande The RBI surprised everyone including the markets by front loading the liquidity easing measures. The cut in all important repo rate was on cards but knowing that central banks tend to tread cautiously, the general opinion was a reduction by 25 basis points. However, in what can only be described as a bold move, the apex bank not only cut the rate by 50 basis points but also reduced the Cash Reserve Ratio (CRR) by 100 basis points.  …

Export: FIEO lauds RBI repo rate decision

Move will help boost domestic demand, says Agarwal The Federation of Indian Export Organisations (FIEO) has lauded the Reserve Bank of India’s (RBI) proactive decision to cut the repo rate by 50 basis points and reduce the Cash Reserve Ratio (CRR) by 100 basis points, calling it a well-calibrated step to stimulate economic activity while […] Source