over 9 years ago

RBI latest meeting 'diluted' its old policy framework: Nomura

moneycontrol.com
Finance/Markets & Economy

Summary

<img align=" left" alt="RBI latest meeting 'diluted' its old policy framework: Nomura" border="0" height="75" hspace="5" src="http://www.moneycontrol.com/news_image_files/2015/r/RBI_reserve_bank_of_India_RBi_200x200.jpg" title="RBI latest meeting 'diluted' its old policy framework: Nomura" width="75" /> On Tuesday, the central bank surprised the market with a 25-basis-point cut to its policy repo rate, or the rate at which it lends to banks, to 6.25 percent.