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India Reverse Repo Rate fell from previous 6.25% to 5.75%

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India Reverse Repo Rate climbed from previous 6.25% to 6.75%

India Reverse Repo Rate climbed from previous 6.25% to 6.75%
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RBI unexpectedly slashes the key rate by 50bps to 6.75%

In a surprising move, the Reserve Bank of India (RBI) cut the benchmark repo rate by 50 basis points to 6.75% at its latest Monetary Policy Review meeting on Tuesday. Markets had predicted a 25bps rate cut.
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