RBI Credit / Monetary Policy Review 19 March 2013 Highlights

The Reserve Bank of India cut its Benchmark Policy Rate by 25 basis points Today (19th March 2013 - Tuesday), for the second time since the start of the year (earlier on January 29th it has cut the Repo Rate and CRR by 25 basis points. Read that post here). The Reserve Bank of India lowered its repo rate to 7.50 percent and left the cash reserve ratio for banks unchanged, in line with expectations.