4 Oct 2016
RBI cuts key rates by 25bps to 6.25%
The Reserve Bank of India (RBI) cut its benchmark interest rates by 25bps to 6.25% at its policy review meeting today.
Key Details:
Reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 %
RBI cuts repo rate by 0.25% to 6.25%.