India
RBI EFFECTS A RATE CUT AMID RISKS TO FOOD INFLATION
ASTUTE SUPPLY MANAGEMENT AND INVESTMENTS NEEDED
2015-06-02 15:13
-
The Reserve Bank of India Governor Dr Raghuram Rajan has predictably effected a 25 basis point cut in the key policy lending rate, Repo, from 7.5 to 7.25 per cent, with immediate effect (June 2), in present conditions of faltering recovery, subdued investment and credit growth.