Today morning, RBI Governor, in a surprise move as inflation eases, cuts repo rate by 25 bps to 7.5%, due to weak crude prices and weak demand, as well as the government’s commitment to sticking to a fiscal deficit target. Inflation likely to be below 6% by January 2016. RBI may set market on fire.
The first rate cut from the RBI since 2013 will bring down its main lending rate to 7.75 per cent from 8 per cent earlier
