RBI Unleashes Its Own Version Of QE: Repo Rate @6.5%

Описание: The Reserve Bank of India today cut rates by 25 bps, which disappointed some who expected a 50 basis point cut, but the Central Bank made up for it with its own version of Quantitative Easing. It promised to reduce the liquidity deficit in the inter-bank market to near zero from the current Rs 90,000 crores. Bond dealers and Economists call this a landmark policy. Ritu Singh and Latha Venkatesh report.