Against massive hope, today The Reserve Bank of India (RBI) announced no change in Repo rate and the Cash Reserve Ratio. Market was expecting and demanding at least 25 basis point cut from RBI’s quarterly monetary policy review.
The repo rate is remain at 8.0% while CRR stands at 4.75%.
After the announcement the BSE sensex down by over 200 points and NSE fell by 61.55 points.
The investors are very unhappy with RBI’s decision.
Tags: Cash Reserve Ratio CRR Growth rate Indian economy Inflation Lending rate rate cut RBI Repo rate Reserve Bank of India Reverse repo rate