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Growth risks prompt RBI to cut repo, CRR by 25bps

The Reserve Bank of India (RBI) slashed its policy (repo) rate by 25 bps to 7.75% in its third quarter monetary policy. At the same time, it cut the cash reserve ratio (CRR) or the portion of deposits banks keep with RBI, by 25 bps to 4.00%.

first published: Jan 29, 2013 11:05 am

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