India''s Central bank i.e. Reserve Bank of India (RBI) is expected to put a hold on the key policy rates at its annual monetary policy review scheduled next Tuesday, Securities Trading Corporation of India (STCI) said in a note on Friday.
The RBI has cut its main lending rate by 400 basis points to 5 percent since mid-October while the reverse repo by 250 basis points to 3.5 percent since early December. Moreover, a 4 percentage point cut since early October, the CRR is currently stood at 5 percent and the SLR stood at 24 percent, after it was slashed by 1 percentage point effective Nov 8.
The RBI has cut its main lending rate by 400 basis points to 5 percent since mid-October while the reverse repo by 250 basis points to 3.5 percent since early December. Moreover, a 4 percentage point cut since early October, the CRR is currently stood at 5 percent and the SLR stood at 24 percent, after it was slashed by 1 percentage point effective Nov 8.
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