LIVE RBI Monetary Policy Review: Part of investigative team looking into Panama leaks, says Raghuram Rajan
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Zee Media Bureau
The Reserve Bank of India on Tuesday slashed repo rate by 0.25 percent to 6.50 percent in its first bi-monthly monetary policy review.
But in a surprise move, the RBI also raised the reverse repo - or the rates lenders charge to the central bank - by 0.25 percent to 6 percent, while taking measures to ensure more availability of cash in the banking system.
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