RBI cuts repo, CRR by 25 bps each

RBI cuts repo, CRR by 25 bps each

The Reserve Bank of India (RBI) slashed its policy (repo) rate by 25 bps to 7.75% in its third quarter monetary policy. At the same time, it cut the cash reserve ratio (CRR) or the portion of deposits banks keep with RBI, by 25 bps to 4.00%.

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