May 3, 2013 1:16 PM
RBI cuts key short-term lending rate by 0.25%;CRR unchanged at 4% ;GDP growth pegged at 5.7%
The Reserve Bank of India (RBI) today reduced the policy repo rate under the liquidity adjustment facility (LAF), by 25 basis points, from 7.5 per cent to 7.25 per cent with immediate effect. The reverse repo rate under the LAF, also stands adjusted to 6.25 per cent. The Marginal Standing Facility (...