No Change In Repo Rate

raghuram rajan-RBIThe RBI governor Raghuram Rajan announced on Tuesday that there would not be any change in the Repo rate and Reverse Repo rate. He said that the RBI estimates the inflation to be of five percent in 2017 on the basis of the wholesale price index. He said the present Repo rate at 6.75 percent and the Reverse Repo rate at 5.75 percent and the cash reserve ratio at 4 percent continued.

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