Tag: Monetary Policy

RBI slaps Rs 5 crore penalty on Karur Vysya Bank

Reserve Bank of India cuts down interest rate to 6%

The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]

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