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RBI policy: Top rated NBFCs to benefit from easing measures

The Nifty Financial Services Index fell by 0.88 percent on Wednesday

August 09, 2019 / 02:37 PM IST
RBI policy: Top rated NBFCs to benefit from easing measures

Shishir Asthana   The Reserve Bank of India surprised financial markets by announcing a 35 basis points repo cut against expectations of a 25 basis point. This is the fourth time in a row that the central bank announced a rate cut, taking the total reduction to 110 basis points. While the initial reaction to the repo rate reduction was positive, it did not take long for the market to realize that the earlier 110 basis points reduction is yet to be...

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