Third Quarter Review 2012-13 : RBI cuts Repo Rate by 25 bps (i.e. reduced from 8.00% to 7.75%; Similarly, Bank Rate, Reverse Repo Rate, Marginal Standing Facility Rates also adjusted i.e. cut by 25 bps. All these to be from immediate effect. RBI has also cut 25 bps on CRR and thus it has been reduced from 4.25% to 4.00%, and this will be wef 9/2/2013.
CRR cut will infuse Rs 18,000 crore into the system: RBI
CRR cut will infuse Rs 18,000 crore into the system: RBI
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