RBI POLICY: No CRR, Repo rate cut depresses Banknifty by 200 pts

RBI took matters to heart and penned a serious repair note for india’s fiscal and monetary policy ithout resorting to any rate cuts to stimulate markets. it will continue liquidity operations to shore up the market and that interest rates are lower today than 2 years ago and cannot be blamed for the slowdown nor be allowed to exacerbate inflation pressures

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