RBI surprise: No rate cut, repo, CRR unchanged

CNN-IBN | Jun 18, 2012 at 11:10am


New Delhi: The Reserve Bank of India (RBI) at its mid-quarter monetary policy review on Monday kept the repo rate and the Cash Reserve Ratio (CRR) unchanged at 8.0 per cent and 4.75 per cent, respectively, dashing market hopes of a 25 basis point cut.

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