Such as the market was expecting the RBI has done exactly. RBI has announced a change in policy rates. RBI cuts Repo rate by 0.25 per cent announced, thus reduced the repo rate now is 6.50 per cent. Cut the repo rate by 0.25 percent to its lowest level since March 2011 has arrived. But the central bank reverse repo rate by 0.25 per cent to 5.75 per cent announced. Although there has not been any change in the CRR, the CRR will remain at 4 percent.
RBI rate cut by 0.75 percent to 7 percent, MSF said. Reduced from 95 per cent to 90 per cent of daily CRR , RBI has announced . 15,000 crore , the central bank open market operations or the OMO is announced .
Retail inflation in fiscal 2017 , according to the central bank or the CPI is expected to be 5 per cent . GDP growth in fiscal 2017 is estimated at 7.6 per cent . RBI Governor Raghuram Rajan has said liquidity norms and , if required, and can reduce rates . RBI Governor expressed the hope that now the banks is also likely to cut interest rates .