Finance, Forex and Investments

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Summary: cut in Bank Rate to 6.5 per cent, while pumping an additional liquidity of Rs 80 billion into the banking system through reduction of cash reserve ratio by 200 basis points to 5.50 per cent. It is the lowest bank rate since May 1973. Policy measures Disclosing the half-yearly Credit Policy measures to the chiefs of commercial banks, RBI Governor Bimal Jalan said that these

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