RBI Surprises with Big Rate Cut; Will Banks Pass on the Benefit? | Read

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  • Published On: September 29, 2015
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Reserve Bank of India Governor Raghuram Rajan on Tuesday morning cut the benchmark repo rate by 50 basis points to a four-and-a-half-year low of 6.75 per cent in a surprise move. His remark that it was no Diwali gift may have got a few laughs but that's exactly what many home buyers are hoping for.

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