RBI cuts repo rate. Read below!


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Wednesday, August 2.
National: On Wednesday, Reserve Bank Of India (RBI) has cut repo rate by 25 basis points to 6% and this is the lowest in more than six-and-a-half years during the bi-monthly policy review. Repo rate is when central bank repurchases government securities from commercial banks, depending on the level of money supply it decides to maintain in the country’s monetary system. The Consumer Price Index was at 1.54% in June, which was lower than the Central Banks Target for the first part of the financial year.

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Heena Bhatt

Heena took journalism in college, is highly proficient in the language .she pays keen attention to the issues taking place in and around to bring it out to her audience. she is an ardent reader which makes her all the more informative about the current affairs. we wish one day she makes it big in journalism. You can reach heena at heena@awesomemachi.com

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