Mumbai, April 9 -- The Reserve Bank of India, MPC decided to reduce benchmark repo rate by 25 bps to 6% with immediate effect in its monetary policy on April 09th. Inflation below target, supported by sharp fall in food inflation, RBI governor stated, with growth still on recovery path. MPC stance changed to accommodative, which indicates status quo or rate cut, he added.
Published by HT Digital Content Services with permission from Capital Market....