Tuesday, June 2, 2015

Why did RBI's Raghuram Rajan cut repo rate by only 25 bps?

Here are some of the things RBI Governor Raghuram Rajan said:
1. Today's policy is neither conservative nor aggressive.
2. We have what we think is appropriate given the data we have.
3. Govt acting on its own to reduce bottlenecks and create new pathways for growth.
4. Banks have started transmitting rate cuts.

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