RBI Cuts Key Lending Rate By 0.25%\, Here\'s What Experts Say
RBI Cuts Key Lending Rate By 0.25%, Here's What Experts Say
The monetary policy committee (MPC) cut the repo rate by 25 basis points to 6.25 per cent, as predicted by only 21 of 65 analysts polled by Reuters.
Most polled respondents had expected the RBI to only change the stance, to neutral.