by winston » Tue Sep 29, 2015 2:21 pm
Reserve Bank of India Cuts Repo Rate by 50 bps, Beating Estimates
Reserve Bank of India announced to reduce repo rate by 50 bps to 6.75%, exceeding the market expectations of cutting 25 bps.
It was the central bank's fourth rate cut this year. Meanwhile, the reverse repo rate was lowered from 6.25% to 5.75%, as compared to the market expectations of cutting to 6%.
The cash reserve ratio was kept unchanged at 4%, in concordance to the consensus.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"