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News Brief | May 2016

RBI cuts repo rate by 25 bps to 6.5per cent

The Reserve Bank cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors, and indicated accommodative stance going ahead. A reduction in the policy rate by 0.25 per cent will help strengthen growth, RBI Governor Raghuram Rajan said in the first bi-monthly monetary policy review for the 2016-17 fiscal.
Contact: Reserve Bank of India
Website: https://www.rbi.org.in
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