RBI cuts repo rate by 50 basis points to 5.5 pc, changes policy stance to neutral
Follow Us on Google News Mumbai, June 6 (IANS) RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent. A … Read more