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Raghuram Rajan Cuts Repo Rate by 25 Basis Points, EMIs May Fall
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Raghuram Rajan Cuts Repo Rate by 25 Basis Points, EMIs May Fall |
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Published On: June 02, 2015
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Reserve Bank Governor Raghuram Rajan on Tuesday cut the repo lending rate by 25 basis points to 7.25 per cent. The move was widely anticipated given RBI's comfort with consumer price inflation and the marked slowdown in industrial growth.
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