RBI announces 50 bps rate cut in policy rate
The stock market rallied nearly 300 points from early lows soon after RBI governor Raghuram Rajan announced a 50-basis-point, that is half a percentage point cut in policy rate that is expected to have an impact in bringing down the rate of interest in the economy but then dipped in the red soon after. Within minutes of the announcement, the […]
» Read more