Thursday 5 December 2019

Bankers surprised at RBI's unanticipated holding of rates


Bankers and industry were surprised and disappointed on Thursday at the RBI maintaining its key interest rates unchanged, when they had been expecting the repo, or the central bank's short-term lending rate, to fall below the current 5.15 per cent even as the second quarter GDP growth has fallen to 4.5 per cent.

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