Stimulus package to be announced today
Well, it looks like the government has launched a three-pronged attack to bolster the economy. After the fuel price cut on Friday, it is now the turn of the Reserve Bank of India to cut rates, and government's much awaited fiscal sops. It is believed that the RBI may lower repo rate by only 50 basis points, whereas reverse repo could be lowered by 100 basis points.
NDTV has also learnt that the RBI governor at the moment
