INSUBCONTINENT EXCLUSIVE:
The RBI reduced the repo rate by 25 basis points to 5.15 per cent on Friday.The Reserve Bank of India (RBI) on Friday raised its consumer
inflation forecast to 3.4 per cent for the second quarter of 2019-20
The central bank left its projections for the remainder of the current financial year and the first three months of the year starting April
the financial year and 3.6 per cent in the quarter ending June 30, 2020.The RBI reduced the repo rate by 25 basis points to 5.15 per cent on
RBI lends short-term funds to commercial banks - so far this year.The central bank also maintained an "accommodative" stance on policy,
as it is now and until growth revives"
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