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After CRR, RBI may now slash repo rate: Bankers
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October 12th, 2008 · No Comments
After slashing the requirement for banks to keep cash with the central bank (CRR) by 150 basis points, the Reserve Bank may now go for a c
ut in short term lending rate (repo) by 25-50 basis points to infuse further liquidity in the system, bankers said.
“There may be 50 basis point cut in repo rate in the mid-term policy review,” UCO Bank Chairman and Managing Director S K Goel told PTI.
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